Welcome to the real estate blog of Beverly Hills Realty Advisors. The mission of this blog is to provide meaningful and useful information on the real estate and financial markets. It is our intent to keep you informed about what is going on in the commercial real estate market.
Construction has begun on a 271-room luxury hotel and retail complex on Wilshire Boulevard and 7th Street in Santa Monica, according to the Kor Group, the real estate investment and management group developing the property.
By Joel Kotkin
As its economy started to recover in 2010, progressives began to hail California as a kind of Scandinavia on the Pacific — a place where liberal programs also produce prosperity. The state’s recovery has won plaudits from such respected figures as The American Prospect’s Harold Meyerson and the New York Times’ Paul Krugman.
Continue reading “CALIFORNIA’S “BOOM” ABOUT TO GO BUST”
Last year, Irvine-based developer SunCal dropped $130 million on a 14.6-acre property bordered by Sixth, Alameda, Mill, and Wholesale streets in the Arts District, and now, we finally know what’s planned for this enormous parcel. Developers have shared with Curbed renderings and plans for a massive multi-use complex that includes two, 58-story towers, rental units and condos, office space, retail, and a school; the site is currently home to two warehouses mainly used by food distributors.
Continue reading “HUGE PROJECT WITH TWO 58-STORY TOWERS PLANNED FOR ARTS DISTRICT”
We are marketing an Arby’s Restaurant located in a suburb of Minneapolis. Arby’s just entered into a new NNN 15-year lease with a corporate guarantee with a net rental income of $90,000 per year.
Continue reading “NET LEASED ARBY’S FOR SALE”
The Jack in the Box at Cahuenga and Sunset that somehow survived for all these years is finally succumbing to Hollywood’s hotel boom. According to a preliminary study filed with the city planning department, the fast food joint will be replaced by a 21-story hotel tower with a rooftop pool, underground parking, and an Art Deco-inspired exterior, says Urbanize LA.
Continue reading “NEW 21 STORY HOTEL PLANNED FOR HOLLYWOOD”
By Gale Holland
The city of Los Angeles has approved a deal for nonprofit and private developers to convert “nuisance” motels into 500 permanent supportive apartments for homeless veterans.
Continue reading “L.A. TO CONVERT MOTEL UNITS TO APARTMENTS FOR HOMELESS VETERANS”
3,000 new residential units, an artificial lake, and a revamped casino are just a few features of a huge Hollywood Park makeover
The new Rams stadium being constructed in Inglewood has been hogging quite a bit of the development spotlight lately, and that makes sense. After all, it’s been more than 20 years since an NFL team called Los Angeles home. Still, the future Rams arena (and possible site of the 2020 Super Bowl) isn’t the only big project planned for the massive parcel of land left behind after the demolition of the Hollywood Park Racetrack. In fact, Rams owner Stan Kroenke’s new sports facility is a fairly new addition to a huge mixed-use development that has been in the works for more than a decade.
Continue reading “A HUGE NEW NEIGHBORHOOD RISES IN INGLEWOOD”