Westchester
REAL ESTATE
The Cost Difference Between Renting and Buying in America’s Largest Cities
One of the biggest financial decisions you will ever make is whether or not to purchase a home. The implications of this potential money move are only compounded if you find yourself in a larger city...
'How I Met Your Mother' actor asking $3.85 million for Los Feliz home & other real estate news
Here's your rundown of Eastside real estate news. Ten new townhouse units are planned for 627 N. Juanita Ave., which is currently a vacant lot. The applicant is associated with Barth Partners, which is based out of Silver Lake. The City Planning Commission has rejected appeals against a pair of...
EGC Real Estate Expands Apartment Project in Los Angeles to 224 Units, Utilizing New Density Bonus
Los Angeles-based developer EGC Real Estate has submitted revised plans for its mixed-use development, “West Terra,” located at 1828 S. Western Ave. in Harvard Heights. The changes, filed with the Los Angeles Planning Department last week, capitalize on the recently enacted Assembly Bill 1287 (AB 1287), which offers density bonuses for projects incorporating affordable housing.
The Founder of the Fear of God Label Has His Designer-Done L.A. Home Listed for $14.9 Million
Having stitched up a $20 million deal for a snazzy compound in Beverly Hills earlier this year, fashion designer Jerry Lorenzo, founder of the high-brow streetwear label Fear of God, has hoisted his perfectly tailored home in L.A.’s Los Feliz neighborhood on the market for $14.9 million.Exclusive: First Look Inside 200 East 75th Street, N.Y.C.'s Latest Luxury Development Originally built in the 1930s for the Ralph family, the founders of the Ralph’s grocery store chain, now owned by Kroger, the Spanish-style home sits on Nottingham Avenue, one of the neighborhood’s more coveted streets. It was later owned by soap star Ronn...
A Horror Filmmaker’s Former L.A. Home Just Hit the Market for $4.2 Million
If the walls of this historic Los Angeles house could talk, they’d probably begin with relating stories of what it was like to serve as a onetime gathering spot for German and Austrian intellectuals at the invitation of writer Franz Werfel and his socialite wife Alma, the widow of composer Gustav Mahler. They also might chatter a bit about the duo of Hollywood scions who once resided here—Dennis Hopper’s designer daughter Marin, who shared the place with her entrepreneurial husband John Goldstone, as well as Michael Landon’s youngest son Christopher, a horror filmmaker known for flicks like Disturbia and Happy...
The Iconic Yamashiro Hollywood Property Is On The Market For 100 Million Dollars
Yamashiro Hollywood’s property — a renowned Hollywood landmark known for its views, food, and even being featured in films — has hit the market for $100 million. The expansive 7.3-acre area, which includes the famed Japanese restaurant, is now being listed by Avison Young at 1999 North Sycamore Avenue, nestled in the historic Hollywood Hills. Constructed in 1914 by brothers Eugene and Adolph Bernheimer, the estate was inspired by a manor in Japan’s Yamashiro province. Throughout its storied century-long existence, it has served various roles, including a brief stint as the exclusive 400 Club during Hollywood’s golden age in the 1920s. Notably, the property is home to a 600-year-old pagoda, imported from Japan, believed to be California’s oldest standing structure. Enduring neglect during World War II due to anti-Japanese sentiment, the estate was revitalized in the 1960s by entrepreneur Thomas O. Glover, who transformed it into the beloved Yamashiro restaurant. Recent ownership transitions saw the Glovers selling to Chinese hotel operator JE Group in 2016 for nearly $39 million. Despite initial uncertainties, subsequent operators like BNG, Sugar Factory, and TCL Chinese Theatres have preserved its legacy as a cultural and culinary landmark in Los Angeles.
‘Lookout’ for the reopening of El Mirador
The El Mirador is now, after many years off the market, preparing to reopen. The apartment complex is one of the oldest in West Hollywood, constructed almost a century ago in 1929. The building, named a local cultural resource in 1992, once boasted tenants like Jean Harlow and Betty Grable.
Report: Brookfield to Sell Downtown LA’s 777 Tower for $120MM
In a sign of the times for the office real estate market, Downtown Los Angeles’ iconic 777 Tower is poised to change hands for $120 million. This significantly discounted sale, confirmed by multiple sources in a report by Commercial Observer, marks a dramatic turn for a property that once stood as a symbol of commercial opulence in the city.
Spec Mansion Sale Marks Highest Deal in Palisades in Nearly Two Years
The Deal Was Made Within Just 18 Days on the Market. The sale of a luxurious property at 538 Chautauqua Blvd has set a new record for the Pacific Palisades area, fetching $32.3 million in just 18 days. This sale marks the highest transaction in the area for both 2023 and 2024.
Average Rate on 30-Year Mortgage Rises to 6.78%
LOS ANGELES (NEWSnet/AP) — Mortgage rates inched higher this week, keeping the average on a 30-year mortgage essentially flat and near the 7% range it has been for most of 2024. The rate rose to 6.78% from 6.77% last week, Freddie Mac said Thursday. A year ago, the rate...
Lawsuit alleges that an affordable housing project in Venice Beach is being unlawfully blocked by city officials
A lawsuit filed on July 10, 2024 against the City of Los Angeles alleges closed-door sabotaging and unlawful blocking of Venice Dell, a fully-approved supportive and affordable housing project in Venice, California. Once completed, the project would provide 140 affordable apartments, 68 apartments for individuals and families experiencing homelessness, 34...
481-Unit Historic Art Deco Multifamily Portfolio in Los Angeles Hits the Market for $83MM
A unique opportunity has emerged for investors looking to capitalize on the thriving Los Angeles multifamily market. A portfolio of 10 multifamily properties, held by the same family office for over 25 years, is now listed for sale. These properties, located in some of the most sought-after neighborhoods in Los Angeles, including Hollywood, Koreatown, Silverlake, Los Feliz, and Hancock Park, are offered at $83,245,000. They can be sold individually or as a bulk purchase.
Councilwoman Traci Park Addresses Authority, Governance, and Housing Challenges Amid Lawsuit and Policy Debates
CURRENT: Is it safe to assume that you can’t comment on this ongoing lawsuit that was just filed by supporters of the developers of the Venice Dell project?. PARK: I can’t, and I shouldn’t. I am aware that it was filed. But as you know, we're in recess, and I have not been briefed. I don't want to prematurely say anything about it at this point, and I’m happy to revisit it when I have the green light to talk about it.
Letter to the Editor: Resident Does Not Like Recent Mailing by PAC
By now many Burbankers have received by mail the glossy flyer posted by the Apartment Association of Greater Los Angeles related to pending City Council consideration of an additional Ordinance, or an enhancement and possible elaboration of existing Ordinance. A thorough reading of the AAGLA flyer, undoubtedly crafted by attorneys, realtors and various other housing experts, shows a remarkable skill in flippancy and illiteracy, or deliberated political craftiness.
Josh Flagg Just Sold a Historic "Grand Trophy Estate" for $19.6M: "Pinnacle of Refined Living"
Josh Flagg continues to make major real estate moves. According to a July press release, Concierge Auctions announced the sale of a Pasadena, California, estate, "The Knoll House," via the Million Dollar Listing Los Angeles agent for $19.6 million. The 32,000-square-foot home was sold after 47 days of auction marketing.
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