Townline and Forme Development have trimmed the towering height of a proposed apartment building in Koreatown, which won a preliminary nod for eight stories. The Los Angeles City Planning Commission approved the latest plan by the Vancouver-based developers for a 318-unit complex at 550 South Shatto Place, Urbanize Los Angeles reported. Initial plans by the […] This article originally appeared on The Real Deal. Click here to read the full story ..read more

Savills is consolidating its two Los Angeles offices — one in Downtown and the other in Westwood — and expanding with a move to around 20,000 square feet in Century City.  The tenant-side brokerage plans to take the entire 11th floor at Anderson Real Estate’s 1900 Avenue of the Stars sometime this summer. It will […] This article originally appeared on The Real Deal. Click here to read the full story ..read more

Haley Hospitality Enterprises has snapped up a 121-room hotel in Laguna Hills for nearly $17 million after selling a hotel in Costa Mesa at a hefty profit for a hotel-to-residential conversion. The Lake Forest-based hospitality firm led by Bhavesh Ahir bought the three-story Laguna Hills Lodge at 23932 Paseo De Valencia, the Orange County Business […] This article originally appeared on The Real Deal. Click here to read the full story ..read more

Media and entertainment honcho Brian Robbins moved closer to striking a deal on his Beverly Hills contemporary pad in what marked last week’s top Los Angeles County home under contract. That’s according to the Douglas Elliman Eklund Gomes team’s weekly report, tracking homes that went into contract. The team counts properties in the Multiple Listing […] This article originally appeared on The Real Deal. Click here to read the full story ..read more

NSB Associates is back on track for an approved 196,000-square-foot office building designed by Frank Gehry in Playa Vista, which stalled four years ago because of a lawsuit. The Beverly Hills-based developer was reapproved by the Los Angeles City Planning Commission to build the eight-story building at 12575 West Beatrice Street, Urbanize Los Angeles reported. […] This article originally appeared on The Real Deal. Click here to read the full story ..read more

Former KB Home CEO Bruce Karatz inked a deal to sell his Beverly Hills mansion for $27 million as activity continues in the Flats. Karatz and his wife, socialite and philanthropist Lilly Tartikoff, sold 620 North Beverly Drive for about 17 percent less than the $32.5 million ask the home had when it went on […] This article originally appeared on The Real Deal. Click here to read the full story ..read more

Melrose Ten wants to turn century-old bungalow apartments in East Hollywood into single-family homes and a duplex. The North Hollywood-based limited liability company led by Aaron Belliston has filed plans to convert the 1920s bungalow court at 4061-4069 West Melrose Avenue, Urbanize Los Angeles reported. No demolition or new construction are in the works. Instead, […] This article originally appeared on The Real Deal. Click here to read the full story ..read more

Los Angeles Mayor Karen Bass has apparently grown cool toward Measure ULA. The mayor said there’s cause to temporarily suspend the city’s two-year-old “Mansion Tax” and might try to do so herself, if she can find a way. “Maybe temporarily — we’re looking into that,” Bass told a Breitbart reporter in a press conference last […] This article originally appeared on The Real Deal. Click here to read the full story ..read more

Talk around downtown Los Angeles’ Art District isn’t as buzzy as it once was. A redevelopment project from Prologis that’s expected to break ground in 2027 could help breathe new life into the conversation around the most directional of downtown’s neighborhoods, which is sandwiched between Skid Row and Boyle Heights. A new planning study by […] This article originally appeared on The Real Deal. Click here to read the full story ..read more

State Farm General got its wish to hike home insurance rates by an average of 22 percent. The news comes weeks after being straight-armed by California’s chief insurance regulator for a request to increase rates because of the Los Angeles wildfires. California Insurance Commissioner Ricardo Lara “provisionally” granted the unit of Illinois-based State Farm Mutual […] This article originally appeared on The Real Deal. Click here to read the full story ..read more