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Commercial Real Estate News
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As Celebrities Open Restaurants, Star Power Can't Guarantee Success
Reality star Lisa Vanderpump's new restaurant Tom Tom recently opened on Santa Monica Boulevard in West Hollywood, next door to the under-construction Bottega Louie. Los Angeles is known for palm trees and sunshine, but its biggest claim to fame may...

WeWork Creates New Hollywood Ties With Ron Howard's Incubator
Ron Howard and Brian Grazer's Imagine Entertainment plans to move a creative incubator into WeWork coworking space in West Hollywood’s Pacific Design Center. Fast-growing shared-workspace provider WeWork landed a deal to provide office space for “Solo...

Industry Pros Still Bullish on West Coast Real Estate
Kevin Shannon, co-head of U.S. Capital Markets for Newmark Knight Frank; Stephen Rosetta, executive vice president and chief investment officer at Kilroy Realty Corp.; and Steve Briggs, principal and chief investment officer at LBA Realty, at the Allen...

Singapore's CapitaLand Storms Into U.S. Apartment Market with 16-Property, $835 Million Purchase
The Ashton Apartments in Corona, California is one of 16 properties being acquired by CapitaLand in an $835 million deal.Singapore’s CapitaLand Ltd. is entering the U.S. apartment market with a splash, buying an $835 million portfolio of rentals in western...

Downtown L.A.'s Biggest Booster to Retire After 30 Years
Downtown Los Angeles promoter Carol Schatz plans to retire from the Downtown Center Business Improvement District that she founded almost 30 years ago.Courtesy of Carol Schatz Downtown Los Angeles advocate Carol Schatz is retiring at the end of the...

Exclusive: Triple Five To Acquire Prime Beverly Hills Site
Rendering of the One Beverly Hills project for Wanda Group. Triple Five Group Ltd., the Canadian developer of the Mall of America, is under contract to buy one of the prime development sites in Beverly Hills, California, from China-based conglomerate...

Starcity Picks Up Where Snap Left Off
Starcity is opening first Los Angeles "co-living" location in Venice Beach at 29 Navy St., which also used to house the parent company of disappearing message app Snapchat. When the company behind Snapchat, the provider of instant messages that disappear...

L Brands to Close All 23 Henri Bendel Stores
(Pictured) Henri Bendel's flagship store in at 712 Fifth Ave. in New York City. L Brands Inc., the embattled owner of Victoria's Secret and several other struggling retail chains, will close 23 Henri Bendel stores and its e-commerce site in January after...

Hilton Foundation Snags Dole Food Headquarters for $50 Million
Dole Food Co., struggling under the weight of legal and corporate debt, has sold its campus in Ventura County, California. Conrad N. Hilton Foundation bought the headquarters building of Dole Food Co. for $50 million in a deal that marks the latest...

Crossroads Hollywood Development Gets Key Approval
Rendering of Crossroads Hollywood, a sprawling development that would add a hotel, apartments and commercial space on Sunset Boulevard. Courtesy of Crossroads Hollywood/Harridge Development Group. A controversial apartment project that would redevelop...

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