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The Real Deal Los Angeles

January 2017 Issue

Shazam! Welcome to the New
New Hollywood

A wave of high-tech companies and millennials is spurring a neighborhood revival

Call it the new Golden Age of Hollywood. After decades of decline in the late-20th century, when the iconic Los Angeles neighborhood sank into a morass of crime and decay, an infusion of capital is spurring a local revival. Initially, the City of Los Angeles invested more than $100 million in redevelopment in the early aughts, paving the way for private investment. Now developers are creating the area’s first real … [more]

Typecasting not allowed

The tenant mix in Hollywood is evolving, and the newcomers aren’t all streaming media companies

Jill Bigelow didn’t plan on building her postpartum medical device company in Hollywood. Then WeWork discovered her at an innovation contest and pitched … [more]

Developers spotlight Hollywood

Ranking the biggest commercial projects and deals

Hollywood commercial real estate is on a roll. And it’s not all about demand for office space, though the surge in occupancy by companies like Netflix certainly helps … [more]

A multifamily boom is born

Developers are responding to demand, but some of the projects may be miscast for the old Hollywood script

Developers have big Hollywood dreams, and their target audience is millennials. Several multifamily projects are slated to hit the Hollywood market over the next … [more]

Speculators see hills of gold

Moguls hunt for the ultimate properties with a view

Tourists who flock to the Hollywood Hills for a photo op with the city’s famous sign may imagine that the hills are alive with the impressive mansions of the Silver Screen’s rich and famous. … [more]

Santa Monica’s second act

With new office leases from high-tech heavyweights and hip startups, the original “Silicon Beach” is once again soaking up the sun

Santa Monica is the third point of a golden triangle that also encompasses the trendy office markets of Hollywood and … [more]

Putting a price on a
Hollywood legend

Wall Street titans and foreign billionaires are vying for famous properties

Blockbuster deals are inspiring some homeowners to go for the gold. After the Playboy Mansion broke the … [more]

Growing up Beverly Hills

Mayor John Mirisch isn’t afraid to tangle in the city’s development battles

The Mayor of Beverly Hills is a local boy with deep roots in the community. John Mirisch grew up in town and attended Hawthorne Grammar School and the famed Beverly … [more]

Playing by an old rulebook

Backers of the Neighborhood Integrity Initiative want to end zoning exemptions, but opponents of the ballot measure say it would aggravate L.A.’s housing crisis

In Los Angeles, density is political, and in March, voters will decide if they … [more]

Mister Initiative

Michael Weinstein promotes the Neighborhood Integrity Initiative

The Neighborhood Integrity Initiative started as a squabble over a view. Michael Weinstein, the president of the AIDS Healthcare Foundation, has taken on many struggles that are at best distantly … [more]

NIMBY ballot measure’s numbing effect

Looking at the impact the Neighborhood Integrity Initiative could have on Los Angeles’ affordable housing shortage

Bobby Turner, a native Angeleno, founded social impact investment firm Turner … [more]

The nine lives of Nelson Rising

A Q&A with the prolific L.A. developer

The office of 75-year-old developer Nelson Rising has a decidedly un-septuagenarian feel. The space, inside the Beaux-Arts PacMutual building in Downtown Los Angeles, is teeming with millennial energy, as evidenced … [more]

Condo fever

Testing the limits of a young condo market in a rush to grow up

Los Angeles was late to the high-stakes game of building high-rise luxury condominiums for the global elite even though real estate pros in New York City, Miami and Vancouver have … [more]

Slow flow financing

Questions about the outlook for L.A. luxury condos

As in many global cities, the flow of international capital is propelling Los Angeles condominium prices upward, and that has inspired some developers to switch their focus from rental apartment … [more]

The lowdown on high streets

Luxury retailers are increasingly looking to buy rather than lease

The high streets are flying higher than ever in the City of Angels, with top-tier retailers setting up shop in the city’s swanky shopping districts like Rodeo Drive and Abbot … [more]

Beyond Disney

Anaheim develops a denser, more urban core

It’s not all about the Mouse Ears in Anaheim. The constant expansion in and around Disneyland notwithstanding, there is plenty of development in the works — both in the city’s … [more]

A-list fixer-uppers

Once-fashionable homes are being razed or renovated beyond recognition

In this town, nothing is sacred. Take, for example, the former celebrity-owned manses that are being razed to create McMansions. That was the fate of the one-time homes of both … [more]

Editor's note:
New Year’s Outlook

At The Real Deal, we’re ushering in the new year with a sprinkling of hope tempered by a smattering of caution. Looking at it one way, we see blue skies … [more]