Los Angeles briefs: Vornado shedding its last LA property, Santa Monica lawmakers target foreign hotel investors … more

From the August issue: Vornado Realty Trust’s exit from Los Angeles is almost complete. The company is in contract to sell its 243,000-square-foot Class A office property at 800 Corporate Pointe in Culver City to Northwood Investors for approximately $150 million, or $599 per square foot. Former Newmark Knight Frank executive Michael Arnold, who is being sued for sexual harassment, wants the identity of his accuser revealed. As concerns rise over foreign money entering the hospitality business, Santa Monica city officials voted unanimously to have its lawyers draft legislation that would force hotels to disclose their ownership.