From the Southern California market report: Los Angeles is serving up a new role for celebrities and their quasi-celebrity counterparts: restaurateur.
Expanding on a trend sparked by the tremendous success over the years of the Hard Rock Cafe — which counts Tom Cruise and Steven Spielberg among its L.A. outpost investors — actors, producers and musicians are increasingly putting their dough into L.A. eateries. Now these A-listers are helping to drive demand for storefronts from Silver Lake to West Hollywood, real estate experts say. [more]