COMMERCIAL REAL ESTATE

COMMERCIAL REAL ESTATE NEWS

 

They built towering new cities in China. Now they're trying it in downtown L.A.

Winston Yan stood atop the largest real estate project of its kind in downtown Los Angeles, a monstrous patchwork of glass and concrete next to the 110 Freeway, and marveled at the bustle of workers, construction vehicles and cranes 38 stories below. The scope of development in this mixed-use project,...

  • UCLA sells landmark Japanese garden for $12.5 million

    UCLA sells landmark Japanese garden for $12.5 million

    Ending a long-running legal dispute, UCLA announced Friday that it has sold a landmark Japanese garden and home in Bel-Air for $12.5 million to real estate developer Mark Gabay. Under terms of the sale between Gabay and the UC regents, the Hannah Carter Japanese Garden must be maintained in its...

  • L.A. council backs $198.5 million in financial aid for downtown hotel project

    L.A. council backs $198.5 million in financial aid for downtown hotel project

    The Los Angeles City Council voted Friday to back a $198.5-million financial aid package for a high-profile downtown hotel project that has been in the works for more than a decade. On a 12-0 vote, the council agreed to provide a combination of subsidies and loans to Related Cos., which is seeking...

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  • Beverly Hilton owner wants voters to approve 26-story condo tower

    Beverly Hilton owner wants voters to approve 26-story condo tower

    Last decade, real estate investor Beny Alagem narrowly secured voter approval to construct not only a Waldorf Astoria hotel next to the Beverly Hilton, but also two condo towers -- including an 18-story building that would be the tallest in Beverly Hills. The referendum proved a significant victory...

  • Selena Gomez and French Montana make a connection in Calabasas

    Selena Gomez and French Montana make a connection in Calabasas

    Calabasas residents, wave goodbye to one celebrity and say hello to another. Singer-actress and Justin Bieber obsession Selena Gomez has sold her home in a gated community for $3.3 million. The buyer? Rapper French Montana. Reached by a long driveway, the estate has a Mediterranean-style main house...

  • CBRE sells downtown headquarters for $330 million

    CBRE sells downtown headquarters for $330 million

    Los Angeles real estate services firm CBRE Group Inc. has sold its corporate headquarters on Bunker Hill  to a joint partnership that includes a German asset manager. A purchase price for 400 S. Hope Street in downtown Los Angeles was not disclosed, but people familiar with the deal pegged it at...

  • Church may renovate part of Chateau Emanuel

    Church may renovate part of Chateau Emanuel

    The Archdiocese of Los Angeles has proposed removing several structures and building a two-story retreat for priests if it buys Chateau Emanuel, one of the largest properties in Eagle Rock. The three-acre property at 1554 Hill Drive contains a 6,000-square-foot main home, three guest homes and...

  • Nigerian oil magnate exits Bel-Air with off-market sale of trophy home

    Nigerian oil magnate exits Bel-Air with off-market sale of trophy home

    The high-end market in Los Angeles has long been a popular spot for pocket-heavy foreign buyers looking to park their money, but recent top sales saw one international investor cashing out on the Westside. Here's a look at the most expensive homes that changed hands in the last two weeks of April....

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