Follow this tag to curate your own personalized Activity Stream and email alerts.
With a potential fire sale of the residential, hotel and retail project approaching, a far more complex and expensive question looms over one of the region’s all-time real estate catastrophes: Can it be saved from the wrecking ball? — LA Times
With the fate of LA’s graffiti-tagged Oceanwide Plaza in the balance, the LA Times' Roger Vincent looked into the lack of viable options, finding several CRE experts’ opinions that simply "it’s not worth the risk" trying to "fix" the currently 60% complete three-tower development. This... View full entry
The Chinese owners of the stalled residential, hotel and retail complex towering over Crypto.com Arena have hired real estate brokers to sell the property to buyers who could restart the project after work stopped in 2019. Taggers recently covered its outer walls with graffiti visible from far away. — LA Times
The LA Times also reports the brokerage firm Colliers to have submitted an application estimating the property’s current value at $485 million and stating it is still just 60% completed. Another $865 million would be required to finish the block-scale development designed by CallisonRTKL. Some... View full entry
Alleging an "abuse of power" by Los Angeles city officials, the owners of Marilyn Monroe's former Brentwood home are suing the city to block an effort to have the structure declared a historic-culture landmark, which would prevent its demolition.
The Los Angeles Superior Court lawsuit [...] alleges "illegal and unconstitutional conduct" by the city "with respect to the house where Marilyn Monroe occasionally lived for a mere six months before she tragically committed suicide 61 years ago."
— NBC Los Angeles
The LA Times (which has been reporting on the story since January of this year when the Los Angeles Cultural Heritage Commission recommended landmark status for the former Monroe residence) writes that the lawsuit was filed by billionaire heiress Brinah Milstein and her TV producer husband Roy... View full entry
Friday, May 3rd, will see the launch of a new show on HGTV inspired by the popular Instagram account Zillow Gone Wild. The show, which bears the same name as the social media account, will offer insights into “exceptionally weird, wacky, and wild properties that sellers put on the market every... View full entry
Marcel Breuer’s restored 1950 Marshad House in the Hudson Valley has been listed with an asking price of $1.8 million. The residence at 204 Cleveland Street in Croton-on-Hudson, New York, is a three-bedroom design with 1.5 bathrooms and has an interesting history from the original owner's... View full entry
Eric Owen Moss’ first residential design in Los Angeles, the 1991 Constellation 167 home in Brentwood, has hit the market courtesy of Sotheby’s International Realty for a listed price of $10.95 million. The home had previously been listed by Compass and Sotheby’s for $12 million last fall... View full entry
[...] 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