Upward Curve for Flats
Special Report: REAL ESTATE QUARTERLY
Single family homes and condos are out. Apartments are in.
Foster City Builder Finds Success in L.A. Rentals
Special Report: REAL ESTATE QUARTERLY
Foster City builder Legacy Partners finds success with L.A. rentals.
Broker’s New Arm Homes In on Downtown L.A.
REAL ESTATE: Residential seen as promising sector by Major Properties.
A new residential brokerage has targeted the downtown L.A. market. Major Properties, a downtown commercial and industrial brokerage, launched its Major Properties Residential division Sept. 20.
Missing Real Estate Broker Found Alive
Ed Rosenthal, the veteran L.A. commercial real estate broker who’d been reported missing in Joshua Tree National Park, was found alive Thursday in critical condition.
Search Continues for L.A. Real Estate Broker
The search continues for veteran commercial real estate broker Ed Rosenthal, who was reported missing after his car was found at the Black Rock campground in Joshua Tree National Park over the weekend.
Prominent Local Real Estate Broker Missing
Veteran commercial real estate broker Ed Rosenthal was reported missing Sunday evening after his car was found left over the weekend at the Black Rock campground in Joshua Tree National Park.
Analysts Differ on Impact of Fraud Indictment
Trustee says criminal indictment is unlikely to impact bankruptcy proceedings
Newport Beach Brokerage Heads North to L.A.
REAL ESTATE: Voit taps ex-CB Richard Ellis trio to open Commerce office.
Voit Real Estate Services LLC, a Newport Beach commercial real estate brokerage and asset services firm, opened its first brokerage office in Los Angeles County on Sept. 1.
Little Produced In Namvar Sales
Creditors on pace to get 5 cents on the dollar.
Creditors of Ezri Namvar are on pace to receive less than 5 percent of what they are owed.
Roses Are Red, Violets Are Blue, This Lease Extension Is Just for You
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Commercial real estate broker Ed Rosenthal, 64, is known as the poet-broker of downtown Los Angeles.
Namvar Indicted on Fraud Charges
Ezri Namvar, the bankrupt Westside businessman who amassed an estimated $2.5 billion real estate portfolio that collapsed two years ago amid allegations he was operating a Ponzi scheme, has been indicted on wire fraud charges.
Investor Courts Creditor Clash
Meruelo rips ‘takeover’ attempt by bank.
Richard Meruelo and his creditors have stepped up their fight for control of his bankrupt real estate company.
Beverly Hills Firm Enjoys Its Northern Exposure
REAL ESTATE: Toronto’s Fairfax picks up properties with Kennedy-Wilson.
All it took was Berkshire Hathaway’s annual meeting in Omaha, Neb., to seal a $278 million partnership between Beverly Hills investment firm Kennedy-Wilson Holdings Inc. and Toronto financial services firm Fairfax Financial Holdings Ltd.
Restaurateur Has Something Cooking in Hollywood
REAL ESTATE: Ground floor to serve up new eatery from chef David Myers.
Michelin-starred chef David Myers will open a restaurant in Hollywood after his company, David Myers Group LLC, purchased the ground floor of the Lofts at Hollywood and Vine.
For Those About to Rock, We Salute You
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Will Shepler has his eyes on a prize called the AdJam Axe – a guitar with special significance in local advertising circles.
L.A. Lacks the Juice to Land Electric Car Plant
Santa Monica’s Coda to finish cars in Bay Area.
Electric car maker Coda looks like it is pulling the plug on L.A. as the site for an assembly plant.
Downtown L.A. Developer Goes on Offensive
REAL ESTATE: Sonny Astani launches ad campaign ripping holder of Concerto project loan.
Sonny Astani, the real estate developer trying to keep his Concerto condo project in downtown Los Angeles out of the hands of investment firm Starwood Capital Group, is airing his grievances though a media campaign.
Port Drivers Will Keep On Truckin’
Independents look to maintain L.A. access.
Independent truckers foresee a long road of appeals ahead as they battle to retain access to the L.A. port.
Herb Nadel: Rough Sailing
West L.A.-based architect Herb Nadel says the abuse he received in the U.S. Coast Guard made him fearless and able to cope with anything.
Architect Herb Nadel says the anti-Semitism he suffered in the Coast Guard prepared him to cope with anything.
Miracle Mile Firm at Home With Residential Loan
REAL ESTATE: Decron provides $17 million for apartment project.
Decron Properties Corp. owns about 50 commercial and residential developments, mostly in Los Angeles County, totaling some 6 million square feet.
Who's Who in Real Estate: Thomas L. Safran - Developer Can’t Afford to Stop
Special Report: DEVELOPERS
When Thomas L. Safran interned with the U.S. Department of Housing and Urban Development in 1969, he was working toward a master’s in political science and urban studies at the University of Chicago.
Who's Who in Real Estate: Alan Casden - Retirement Not in Builder’s Plans
Special Report: DEVELOPERS
Billionaire developer Alan Casden keeps a framed relic in his office that symbolizes the difficulty of developing in Los Angeles, but also his tenacity.
Judge Clears Way For Namvar Sale
Property in West L.A. goes for $111 million.
A judge has OK’d the $111 million sale of Ezri Namvar’s prime West L.A. property.
Miracle Mile Landlord Still Hungers for Eateries
REAL ESTATE: Wayne Ratkovich blames economy for holding up restaurants.
Real estate developer Wayne Ratkovich still has big plans for his 5900 Wilshire Blvd. office tower on Miracle Mile. But his efforts to lease space to a fine-dining restaurant and build a pavilion for another eatery have been delayed by the downturn.
Not Exactly Your Bargain Burrito
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Restaurateur Chris Muradyan, 27, thought it would be neat for his new Mexican restaurant and bar to offer an over-the-top item.
Raising the Stakes
Partners Trust offers its real estate agents stock in the Brentwood-based business to boost loyalty.
Brentwood’s Partners Trust is going for brokers with an equity plan to hold on to real estate agents.
What’s Up, Doc?
.. it's rents, as Beverly Hills clamps down on med space
Beverly Hills doctors are starting to get sick of the city’s proposed restrictions on medical office space.
Home Construction Momentum Builds in L.A.
REAL ESTATE: Signal Hill property scooped up for townhouse development.
A 2.25-acre site in Signal Hill that is entitled for 54 townhomes has been sold by a local family in the tiny jurisdiction to City Ventures, a homebuilding company based in Santa Ana.
Transportation Business Moves Into South Bay
REAL ESTATE: MV Transportation signs $5.5 million deal for Carson industrial space.
MV Transportation Inc., a Bay Area passenger transportation services company, was awarded a contract of up to $86 million to service Los Angeles Metropolitan Transit Authority buses in late June.
Earnings Report Spikes Real Estate Firm’s Shares
West L.A.’s CB Richard Ellis sees stock soar more than 18 percent.
The stock of CB Richard Ellis soars after the West L.A. company doubles its earnings.
Owner-User Snaps Up City of Industry Building
REAL ESTATE: Supplier of food packaging pays $15.3 million for property.
In what is believed to be the biggest industrial real estate sale in the San Gabriel Valley this year, a large industrial building in City of Industry has traded hands for $15.3 million.
Cornering Downtown
Special Report: REAL ESTATE QUARTERLY
Barry Shy’s aggressive DIY style has brought him a lot of enemies, legal bills – but some big downtown L.A. properties.
Running With the Elephants
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Sarah Robarts long dreamed of doing a long run in Kenya, where she was raised.
Shy Tripped Up by Mortgage Fraud Allegations
Special Report: REAL ESTATE QUARTERLY
Bank’s 2007 mortgage fraud suit resulted in out-of-court settlement
Damaged Basement, Busted Partnership
Special Report: REAL ESTATE QUARTERLY
Ex-partner alleges underhanded tactics in bar battle
Big Apple Firm’s Renovation Work Bears Fruit
REAL ESTATE: LeFraks line up PR firm ID, Live Nation as Hollywood tenants.
The LeFrak Organization Inc., a prominent New York family real estate business, made a splash three years ago when it scooped up a handful of high-profile L.A. assets.
Car Parts Dealer Motors Way to City of Industry
REAL ESTATE: Phoenix pays $6.59 million for industrial property.
A car parts distributor has purchased a City of Industry industrial building for $6.59 million, a relatively rare deal in a market dominated by Majestic Realty Co.
Take Our ‘Solvent Developers’ – Please
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Bud Ovrom, general manager of the city of L.A.’s Department of Building and Safety, was a veritable quip machine when he addressed a packed house at the Hollywood Economic Development Summit on June 24.
State Finding It Hard to Let Go
Plan to sell offices ditched for lease deal?
A billion-dollar proposal to sell and lease back state-owned buildings to ease state debt may have morphed into an unusual plan for California to keep the properties.
Homework Pays Off for Westside Tenant Brokers
REAL ESTATE: Cresa duo scores renewal for Singer Lewak below asking rate.
CresaPartners brokers Dave Toomey and Brian Davies had considerable leverage with Equity Office Properties in a recent lease they negotiated for Singer Lewak Greenbaum & Goldstein LLP.
TV Studio Leaves NBC Universal for Hollywood
REAL ESTATE: Reveille signs for seven years at two-story building on Ivar Avenue.
Reveille Independent LLC, the television studio known for producing “The Office,” “Ugly Betty” and “The Tudors,” will soon leave the NBC Universal lot after signing a seven-year lease for headquarters space in Hollywood.
One Palace, Never Used
Now shy of glitz, owner to sell mansion
C. Frederick Wehba Sr. spent $65 million to build a palatial home on Sunset Boulevard. Uncomfortable with the conspicuous show of extravagance, he wants to sell before he ever moves in.
‘A Little Less Nervous’ After Years of Experience
Special Report: BANKING & FINANCE QUARTERLY
Five local bond firms and their strategies.
California Investment Paid Off Big
Special Report: BANKING & FINANCE QUARTERLY
Five local bond firms and their strategies.
She Takes the Cake on Reality Show
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When Renee Faris bakes a cake, she bakes one that approaches Kobe Bryant in height and a polar bear in weight.
L.A. Baby Products Maker Gets Room to Grow
REAL ESTATE: Munchkin’s site in Van Nuys will replace three county warehouses.
In one of the year’s largest San Fernando Valley industrial leases, growing baby products company Munchkin Inc. has signed a 10-year deal for 313,000 square feet in Van Nuys.
Downtown Firm Passes The Reins
REAL ESTATE: Cushman vet Chris Cooper named CEO at Charles Dunn.
Charles Dunn Co., a downtown L.A. real estate services company with 10 offices in the Western United States, has hired Chris Cooper as chief executive.
Performance Link Takes Bite Out of Execs’ Pay
SPECIAL REPORT: Executive Compensation
The slow economy and a drive to link pay to company performance lightened what CEOs took home in 2009.
Direct Approach
Selbert Perkins Design in Playa del Rey specializes in ‘way-finding’ work such as signs and street-naming.
The spouses behind Selbert Perkins see positive signs in their “wayfinding” business.
Namvar Creditors Block Sale of West L.A. Building
Group seeks to hold off property deal until market improves.
Ezri Namvar’s creditors have held up the sale of a prime building property out of fear they are being low-balled.
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