October 2018 Issue

There’s gold in them zones

Developers see a new tax-break program as a transformative opportunity — but how will it pan out?

At 9800 Grape Street in the Watts neighborhood of southern Los Angeles, gone are the low-rise complexes that were the epicenter of the Rodney King riots. In their place stand rows of wood-frame skeletons taking the shape of 12 garden-style apartment buildings, the first phase of an ambitious redevelopment. While funds for the first and second phases are largely being drawn from city and state coffers, the $500 million project … [more]

The sell of the party

Over-the-top bashes are almost a mandatory marketing tool for ultraluxury listings, as brokers employ #hashtags and sponsors to amp up the buzz factor — but do they move the properties?

On a Saturday in early October, 150 guests descended on a penthouse … [more]

Day in the life of: Jeffrey Rinkov

The CEO of Lee & Associates sounds off on expansion plans, precision running and the enduring appeal of a Seinfeld rerun

When the family textile manufacturing company Jeff Rinkov worked for through high school and college closed … [more]

Election Day face-off

As voters head to the ballot box, candidate platforms and donation records reveal what’s at stake for the real estate community

California’s general election is shaping up to be one of the most consequential for the real estate industry in recent years. In the governor’s race, current … [more]

Major propositions on the ballot

Pulling the curtain back on the industry issues and what real estate players are putting their big bucks behind

Proposition 1 If passed, the first measure on the ballot would authorize the state to sell $4 billion in bonds to fund affordable … [more]

Too big to fail or just too big?

With national firms such as Compass and Douglas Elliman scooping up local brokerages, some agents are fleeing to the remaining boutique firms, but many may not be around for long

Months after news broke of Compass’ bombshell acquisition of Pacific … [more]

The ever-revolving door

A look at agent comings and goings reveals that higher commissions and tech tools are powerful lures for talented players who hop from one brokerage to another

At a time when the Los Angeles market is seeing such landmark acquisitions as the Compass takeover of Pacific … [more]

The ‘perceived risk’ factor

While the Westside, with help from the tech sector, saw big hotel trades over the past year, some anticipate a slowdown in hospitality development

The Los Angeles hotel building boom has been hot for so long that some observers are anticipating a cooldown. … [more]

Ranking the hottest hoods in L.A.

From dense multifamily properties and glitzy spec homes to industrial hubs, the neighborhoods seeing spikes in property value growth are bursting with investment

Having welcomed a wealth of investment over the last several years, … [more]

Brokers behaving badly?

A rash of lawsuits puts a spotlight on what happens when agents are accused of gaming the system

When Mauricio Umansky, co-founder of The Agency, was tapped to sell a Malibu estate on Sweetwater Mesa Road, he was taking on a property that had already … [more]

A gander at the Spruce Goose

As Google moves into its new Playa Vista home, the surrounding area could see prices skyrocket — even more than they already have

Google’s endeavor to reinvent the cavernous Spruce Goose property, where Howard Hughes built the H-4 … [more]

Sitting tight in SoCal

Home sales across the region are largely drying up, but a host of planned communities and several new commercial projects promise revitalization in urban centers

Riverside County Home sales have cooled some-what across Riverside … [more]

Inside the playground of the super rich

Laguna Beach is drawing buyers to its $10M-plus homes, but brokers see a softening in mid-market luxury

Laguna Beach, the seaside Orange County community known for its cliffs, coves and scenic seven-mile coastline, … [more]

The Closing: Stephen Kotler

Douglas Elliman’s CEO for the Western Region reveals what it was like to plant a flag on the Pacific Coast, how he made his toughest acquisition deals and the challenges of becoming an Angeleno

Stephen Kotler is Douglas Elliman’s CEO for the Western Region. After … [more]

Editor’s note: Land of Opportunity?

To riff on a famous saying: When capital controls close one door, somewhere the government opens a window. That’s what may be happening with the new federal Opportunity Zones program, … [more]

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