CALIFORNIA | LOCAL
April 9, 2014 |
L.A. City Councilman Curren Price is pushing for Los Angeles to shut down “problem properties” more quickly after “destitute conditions” were found at a Hoover Street office building converted into apartments. “It took the involvement of three city departments to close this one property,” Price said in a council motion submitted Wednesday. “These city departments need to be able to better communicate and coordinate their efforts to close these properties in a timely manner, because residents should not be living in these substandard conditions.” Price wants several departments, including the Fire Department, the Housing and Community Investment Department and the Department of Building and Safety, to report back on how they could “do a better job of communicating and coordinating efforts to identify and close problem properties.” Escalating rents, scarce housing and continued financial struggles for Los Angeles families have forced more people into such conditions, Price said in a statement.
CALIFORNIA | LOCAL
April 6, 2014 |
Dozens of people shared only three showers in the building that Patricia McDowell called home for the last 2 1/2 years. Roaches skittered across the floor, she said, and lights went out and stayed out. In recent months, McDowell said she had to run an extension cord to another room to keep electricity going. But when the Los Angeles Fire Department told McDowell and dozens of other tenants that they had to clear out of the building at 5700 S. Hoover St., citing dangerous conditions, she panicked.
April 2, 2014 |
The former home of the Hollywood Citizen News newspaper, now an office building, has been sold for more than $14.5 million to Los Angeles investor SE Edinger. Brentwood Capital Partners sold the two-story building at 1545 Wilcox Ave., said real estate broker Trevor Belden of Industry Partners. Constructed in 1930, the art deco structure designed by architect Francis D. Rutherford was the production headquarters for the Hollywood Citizen News. The newspaper operated under various owners from the 1930s to the early 1970s.
February 28, 2014 |
On the main boulevard leading to Los Angeles International Airport, an aging office building will be converted into a much more in-demand product: a hotel. The 12-story Royal Airport Center at 5933 W. Century Blvd. will be turned into a 231-room Residence Inn by Marriott, contractor R.D. Olson Construction said. Olson will perform the $44.5-million makeover for the building's new owner, a limited liability company called Svi Lax. Guest amenities are to include a pool, spa, fire pit, sports court, exercise room, business center and meeting space.
February 13, 2014 |
One of the tallest office buildings in downtown Los Angeles has been acquired by a major Hollywood real estate investor, CIM Group, in an unusual portfolio sale that included a regional shopping center in Montclair, a high-rise in Anaheim and a hotel in Bakersfield. The crown jewel of the seven properties acquired by CIM Group is Two California Plaza, a prestigious but troubled skyscraper on Bunker Hill where gleaming office towers erected during the last building boom decades ago are having a tough time attracting tenants.
January 8, 2014 |
Burgeoning hotel and nightclub owner SBE will replace venerable entertainment industry chronicler Variety as the top tenant in a well-known Wilshire Boulevard office high-rise in Los Angeles. SBE, founded by Los Angeles night-life impresario Sam Nazarian, has agreed to lease the top two floors of 5900 Wilshire, where the bright red Variety sign atop the build was visible for miles. The Variety sign was removed in November and will be replaced with an SBE sign by spring, landlord Ratkovich Co. said.