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[...] property in the unincorporated community near Glendale has once again resurfaced for sale, per TMZ, this time asking a speck under $7 million.
That’s still a lot more than the $4.3 million Balzary paid contemporary artists Lari Pittman and Roy Dowell for the place in 2018, but it does include an 875-square-foot addition that was installed on the land in 2021, as well as a pool and cabin that were tacked on in 2020.
— Robb Report
As we wrote in 2022, the Red Hot Chili Peppers bassist listed the property asking $9.8 million, having purchased the property four years previous for $4.3 million. The Michael Maltzan-designed complex contains an outdoor movie pavilion, a redwood cabin, and a smaller two-bedroom house... View full entry
Kanye 'Ye' West has reportedly reduced the price of his previously listed Tadao Ando-designed home in Malibu, California, to $39 million, according to Realtor.com. The new price is substantially lower than both the original $53 million listing and the $75 million price tag it carried in... View full entry
With revenue from cinema and streaming falling in recent years, income from Disney’s “experience” division is soaring, and property development is the next logical step. Disney tried it before in Florida, first with utopian plans for Epcot (the Experimental Prototype Community of Tomorrow), followed by the quaint town of Celebration, but Storyliving takes the branded living experience to the next level. — Oliver Wainwright, The Guardian
Writing for The Guardian, critic Oliver Wainwright reflects on plans for a major Disney-themed development at Rancho Mirage in the California desert. As we reported initially in 2022 and in a follow-up last year, the 2,000-home Storyliving by Disney scheme will include a... View full entry
Late SCI-Arc founder Ray Kappe’s Keeler House design has hit the market in Pacific Palisades, California, for $12 million. The split-level, 4,142-square-foot Post and Beam design was built over four and a half years using Kappe’s nearby personal residence as its model. A rich palette of... View full entry
Michael Stern, the developer of SHoP’s new The Brooklyn Tower (also known by its address at 9 Dekalb Avenue), is facing foreclosure over a failure to pay a $240 million loan that was extended by Silverstein Properties in 2019 to complete the 93-story project, according to reports from The... View full entry
The home credited as one of Frank Lloyd Wright’s first Prairie School designs, the 1900 Warren Hickox House, has hit the market recently in Kankakee, Illinois, for a listing price of $779,000. Realtor.com was early to report news of the home’s listing, which represents the first time the home... View full entry
This post is brought to you by Harvard Graduate School of Design Executive Education Created for global leaders in the built environment, the Advanced Management Development Program in Real Estate (AMDP) at the Harvard Graduate School of Design leverages the school’s resources to help... View full entry
The next chapter in New York’s Hudson Yards has been revealed, with developers filing a bid for a potential mixed-use casino complex. Related Companies and Wynn Resorts submitted plans as part of an environmental impact process last week with the New York City Department of City Planning... View full entry
Five years after driving WeWork into the ground, co-founder and ousted CEO Adam Neumann has now hatched a plan to buy it out of bankruptcy. In a letter to WeWork’s advisers obtained by The New York Times, Neumann and his new real estate business, Flow Global, express interest in buying the co-working space solution — but claim WeWork has been ignoring attempts to get more information so they can come up with a bid. — The Verge
WeWork, meanwhile, is beginning to walk away from even more properties under the direction of new CEO David Tolley after announcing an initial list of 40 that would be relinquished in November. Neumann had cited outside scrutiny as his main reason for leaving the company in September... View full entry
A treasured Frank Lloyd Wright home once resided in by the architect himself has sold for a reported $6 million in suburban New Canaan, Connecticut. The house is one of Wright’s largest designs and was purchased for $2 million below the original $8 million asking price that was published with... View full entry
UCLA has purchased the former Westside Pavilion shopping mall near its campus, reports The Real Deal. The 580,000-square-foot office known as One Westside was formerly been leased to Google for a 14-year term, but was left vacant as the company’s staff reductions began in January of this... View full entry
Just three large office towers — of more than 500,000 square feet — are being built across New York City, with two expected to open in 2024 or 2025 and nothing else projected to go up for years. Normally, a handful of sites that size would be in various stages of construction, with at least one opening every year since 2018, according to JLL, a real estate services firm. — The New York Times
Due to an obvious confluence of interest rates, office vacancy records, and construction costs, the Times says Manhattan is “entering its most significant office construction drought since after the savings and loan crisis in the late 1980s and early ’90s.” Recent superlatives like BIG’s... View full entry
Pierre Koenig’s Schwartz House has been listed for sale in Rustic Canyon, Los Angeles. Built in 1994, the home is the last project Koenig completed, uniquely built on four structural steel beams. Image credit: Cameron Carothers Image credit: Cameron Carothers Externally, the home takes the form... View full entry
Designed by Pritzker Prize-winning Tadao Ando, the house features a concrete exterior in keeping with the acclaimed architect’s streamlined brutalist ethos. In the couple of dozen months that Ye has owned the property, the music performer and designer removed the home’s interiors, leaving it essentially gutted.
Now, instead of renovating the four-bedroom beachfront house on Malibu Road, Ye has decided to sell it, with a price tag of $53 million (he’s listing it at a loss).
— The Hollywood Reporter
Post-divorce Ye apparently contracted a gut renovation that left Ando’s original 2013 design looking more like “a bomb shelter from the 1910s” in the year leading up to its new listing. That endeavor ended in a $1 million lawsuit brought forth by its project manager over dangerous working... View full entry
This post is brought to you by Harvard Graduate School of Design Executive Education While the NFT bubble has burst, the tantalizing potential of blockchain, which is the foundation of NFT’s, bitcoin, and other cryptocurrencies, endures. Some have even written that blockchain... View full entry