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Development

AIDS Healthcare Foundation Sells Hollywood Property to Hotel Developer

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AIDS Healthcare Foundation Sells Hollywood Property to Hotel Developer

HOLLYWOOD (Curbed LA) — The AIDS Healthcare Foundation, a local nonprofit that has often squared off against developers, has sold one of its Hollywood properties to a developer who plans to build a hotel on the site.

The developer, Jayesh Kumar, is seeking a handful of city approvals to erect a nine-story hotel on the site off Hollywood Boulevard and La Brea Avenue, including permission to build taller than the site’s zoning would normally allow.

Ironically, in the city’s 2017 election, AHF introduced a ballot measure called Measure S that was aimed directly at these kinds of projects.

The organization’s president has blamed tall buildings and luxury housing for gentrification and high […]

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Development

Al & Ed’s Claimed by L.A. Development Firm for Nearly $23M

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WeHo Retail Building Claimed by L.A. Development Firm for Nearly $23M

WEST HOLLYWOOD (Connect California) — A Los Angeles-based real estate development firm purchased a 30,146 square-foot development site in the West Hollywood area for $22.5 million. CBRE’s Matthew Greenberg, Alex Kozakov and Pat Wade represented the seller, a private family that had owned the asset for decades. CBRE’s Chris Tresp represented the buyer.

Located at the intersection of Santa Monica Boulevard and La Cienega Boulevard, the 30,146-square-foot property consist of one of the most recognizable corners in all of Los Angeles. The asset is currently comprised of three commercial structures on several parcels located in both the City of Los Angeles as well as West Hollywood.

The site’s zoning allows for an array of future projects, ranging from mixed-use multifamily to hotel and commercial uses benefiting […]

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Development

Hollywood Developing at Quick Pace With Hotels, Housing, Office Space

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Hollywood developing at quick pace

HOLLYWOOD (Beverly Press) — In many parts of Los Angeles, development seems to be moving at a breakneck pace, and Hollywood is no exception. From hotels and housing units to commercial space for office and retail, the neighborhood has seen significant growth in the past few years, and that trend will continue as projects currently under construction are completed.

Kristopher Larson, president and CEO of the Hollywood Property Owners Alliance, which oversees the Hollywood Business Improvement District, said nearly 1,000 housing units and 934 hotel rooms are currently under construction.

In 2019 alone, nearly 400,000 square feet of office space entered the market and now makes up approximately 10% of all office space in Hollywood, he said.

“A lot of new folks will call Hollywood […]

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Development

Proposed Bev Hills Office Space Development Draws Opposition

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Proposed offices draw lots of opposition

BEVERLY HILLS (Beverly Press) — The proposed development of office space for companies in the entertainment industry on a 60-foot-wide strip of land in Beverly Hills is drawing some consternation.

Beverly Hills resident Robbie Anderson said he sent a mailer to approximately 1,800 homes warning about the development of Lots 12 and 13, located at 9200 Santa Monica Blvd., between Santa Monica Boulevard and Civic Center Drive, known as the Beverly Hills Creative Offices Project.

An application filed with the city in September by the Beverly Hills Land Company shows plans to build 11 buildings collectively totaling more than 100,000 square […]

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