Vanbarton buys WeWork-anchored LA building from CIM: sources

From TRD LA: Vanbarton Group acquired a WeWork-anchored building on the Hollywood Walk of Fame in an off-market deal with CIM Group that closed Friday, The Real Deal has learned. The New York-based investor bought the six-story building at 7083 Hollywood Boulevard for $42 million, according to sources with knowledge of the deal. That equates […]

A new luxury development in Beverly Hills is offering robot butlers

From Luxury Listings NYC: Residents at Ten Thousand, a luxury 40-story building in Beverly Hills, are set to have a space-age amenity available to them when they move in this January. According to the Daily Mail, the building’s future tenants – who will be spending anywhere between $8,500 and $25,000 per month on rent – will have access to a robot […]

LA market report: Vornado exits LA office market, Gwen Stefani lists $35M home … & more

From the November issue: Vornado Realty Trust is seeking a buyer for its last L.A. property, a 243,000-square-foot Class A office building at 800 Corporate Pointe in Culver City. It was once their “Sweet Escape,” but Gwen Stefani and her ex-husband Gavin Rossdale’s Beverly Hills home is now up for grabs. Tishman Speyer is in contract […]

LA hotel backers are beginning to worry about oversupply

From the Southern California Market Report: The Los Angeles hotel market isn’t huge by comparison with that of New York or Chicago, but developers appear to be intent on rectifying that. With nearly 100 hotels planned, many of them for the city’s central business district, some market watchers are starting to talk about oversupply. Yet […]