Ian Schrager, Ed Scheetz close purchase of former Standard Hollywood hotel
Hotel moguls Ian Schrager and Ed Scheetz have closed their purchase of the former Standard Hollywood on Sunset Boulevard,...
MOST RECENT ARTICLES BY:
Isabella Farr
Brookfield spends $330M on IE warehouse leased to fast fashion’s Shein
High interest rates and high inflation aren’t scaring Brookfield away from industrial properties. The alternative investment firm’s logistics unit...
Coretrust loses DTLA tower to Oaktree in foreclosure
Coretrust Capital Partners lost control of its prized 48-story Downtown Los Angeles office tower in foreclosure to Oaktree, according...
LA, OC see $30B in CMBS loans due this year
If you thought the roughly $10 billion in maturing CMBS debt tied to properties in Los Angeles and Orange counties last year was hefty, consider this year’s numbers. About $30 billion worth of CMBS...
Charles Cohen’s Pacific Design Center scores $265M refi
Billionaire developer Charles Cohen has scored a $265 million refinancing package on two buildings at his West Hollywood trophy...
Relocation money, just-cause evictions: LA’s new rent laws
UPDATED, Jan. 24, 2023, 5:04 p.m.: A requirement that landlords pay moving assistance fees for evicted tenants and restrictions...
Issue
Sizing up LA’s new transfer tax
When the U.S. subsidiary of Chinese developer Greenland sold one of its trophy assets in Downtown Los Angeles for $504 million in November, the firm paid $554,400 in county transfer taxes. If the deal...
Former LA city councilman José Huizar to plead guilty to bribery and tax evasion
Former L.A. city councilman José Huizar has agreed to plead guilty in a widespread bribery case that rattled city...
Westfield misses deadline to pay off loan on Valencia mall
Unibail-Rodamco-Westfield has missed its deadline to pay off a $195 million loan connected to the Valencia Town Center mall...
Shekhter’s WSC to list 2,000-unit Santa Monica builder’s remedy project
WS Communities, an affiliate of Neil Shekhter’s NMS Properties, is planning to list its largest and most controversial builder’s...