MARKET NEWS
Committee backs Chinatown’s College Station development without any affordable housing
Curbed LA - All : Love where you live
A separate city commission had supported the project on the condition that some of its 725 apartments be affordable The City Council’s planning and land use committee on Tuesday approved the College Station project in Chinatown, but left out a contentious element—affordable housing. In December, the city’s planning commission backed the developer’s plans to erect a five-building apartment and retail complex with 725 units on the condition that it include 5 percent affordabl ...
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This week in celeb real estate: Justin Bieber is a buyer, land parcel with ties to Betty Ford hits market…and more
The Real Deal Los Angeles
Justin Bieber wants something more long-term. The pop star — a prolific and some might say notorious renter — paid $8.5 million for a 6,130-square-foot pad in Beverly Hills. It’s the same area where residents once tried to ban him from renting. Located off Benedict Canyon Drive, the modern home has five bedrooms, seven bathrooms, a screening room, an Art Deco bar and infinity swimming pool. Greg Hebner, managing director of Arixa Capital, was the ...
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Atlas Capital pays $29M for electric vehicle developer’s HQ
The Real Deal Los Angeles
Atlas Capital Group paid $29 million for the headquarters of an electric vehicle developer, in a deal that included an immediate leaseback to the seller. The New York-based real estate investment firm — acting through Atlas V Gardena LLC — acquired the 125,900-square-foot property, actually two buildings at 18455 S. Figueroa Street and 501 W. 190th Street in Gardena. The deal was first reported by The Verge without a price. The financially-struggling electric vehicle developer ...
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Guesty, the short-term rental management platform, raises $35M
The Real Deal Los Angeles
The property management platform Guesty has raised $35 million in its latest funding round. The Series C round brings the total funding for the firm to $60 million. The company’s software is aimed at helping property managers who operate short-term rentals and vacation rentals run their listings more effectively. The firm says it can streamline different listings channels, create personal websites and handle guest questions and comments. Viola Growth investment fund led the round, with ... [mo ...
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Historic Craftsman in Koreatown seeks $1.5M.
Curbed LA - All : Love where you live
Spectacular built-ins and gleaming wood everywhere Situated on the northern edge of Koreatown, this shingled Craftsman and historic-cultural monument awaits its next owner. The four-bedroom, two-bathroom house was designed in 1910 by John and Donald Parkinson, the father-and-son architectural duo that designed a number of standout buildings in Downtown LA, including the Los Angeles Stock Exchange and the Title Guarantee building. (The elder Parkinson also designed City Hall and the ...
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The LA Marathon is the most life-affirming way to fall in love with Los Angeles
Curbed LA - All : Love where you live
You don’t even have to run to enjoy it On a day of record-shattering rain and unscrupulous cold in 2011, I was one of 25,000 people who ran from a drizzly Dodger Stadium to a wind-whipped Santa Monica. Already nervous enough about how my body would react to 26.2 miles of physical punishment, I now had to endure torrential rains that bored burning pellets into my face, flash flooding that turned some of the course into fordable creeks, and winds that blew leaves and branches into t ...
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