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 […]
WeHo Reaches Deal on Log Cabin With City of Beverly Hills
WEST HOLLYWOOD — The City of Beverly Hills and the City of West Hollywood have reached an agreement regarding the property located at 621 N. Robertson Boulevard – also known as the ‘Log Cabin’ site – which is owned by the City of Beverly Hills but is located in the City of West Hollywood.
With an agreement signed this week, the City of West Hollywood will lease the site from Beverly Hills for a period of twelve months and intends to sublease the premises to the West Hollywood Recovery Center, which will continue to provide the same level of addiction recovery services currently offered at the site.
“We are thrilled to be able to secure this space to safeguard vital recovery services. Tens of thousands of people have been helped by the 12-Step meetings offered at the ‘Log Cabin’ and with the addition of the West Hollywood Recovery Center as the lead nonprofit we can count on another four decades of meetings and community recovery,” said West Hollywood Mayor John D’Amico. “These meetings will remain a vital resource for the West Hollywood, Beverly Hills, and greater Los Angeles sober community. The City of West Hollywood has been committed to preserving access to services at this addiction recovery space and this lease agreement with our neighbors in the City of Beverly Hills is a testament to working together to address community needs.”
“We are pleased to have reached an agreement with our neighbors in West Hollywood to allow the crucial services at the Log Cabin to continue,” said Beverly Hills Mayor Lester Friedman.
The Lions Club of West Hollywood formerly leased the site, but that agreement is now expired. The City of Beverly Hills provided notice to the Lions Club to vacate the premises by March 31, 2020.
“We sincerely appreciate the work of the Lions Club over many years to support community organizations and provide valuable meeting space,” added Mayor Friedman.
Due to coronavirus (COVID-19) health emergency and Los Angeles County Safer at Home Orders, all meetings have been temporarily suspended at the site due to the need to accommodate social distancing requirements. Community members may check for updates at http://thewhrc.org.
Hollywood Developing at Quick Pace With Hotels, Housing, Office Space
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 […]
Proposed Bev Hills Office Space Development Draws 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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This Just In…
- Petition Circulating to Ask Judge to Keep Ed Buck in Jail
- RAGE is Latest Venue to Fall Victim to the Pandemic
- Koretz Won’t Back ‘Uplift Melrose’ Plan
- Man Sentenced for Hit-and-Run Death of Pedestrian on Sunset
- Beverly Grove Man Charged for COVID Relief Loan Fraud
- County Hospitals Receive 300 iPads for Patients to See Family
- Processions to Cedars Will Salute Healthcare Workers on National Nurses Day