Sun Hill Properties is putting the kibosh on the planned 18-story expansion of the Hilton Los Angeles/Universal City complex in the face of rising hospitality wages.  The Studio City-based hotel developer pulled out after the Los Angeles City Council voted 12-3 on Wednesday to raise wages in the lead-up to

The University of Southern California and developer Hamid Razipour have settled a years-long battle over a five-story development that would have obstructed the iconic L.A. Memorial Coliseum sign. The school bought the triangular parcel at 3851 South Grand Avenue, putting the kibosh on any development that could block the historic

Elon Musk’s Tesla is doubling down on its 82,000-square-foot service center in Santa Monica.   The Austin-based electric vehicle carmaker renewed its lease for the two-story industrial building at 1100 Colorado Avenue, L.A. Business First and Commercial Observer reported. The lease starts in January. Terms of the lease with Culver City-based

Kirk Lazarus, the designer behind ultra-luxe homes and resorts, is renting his Santa Monica home in what’s now one of the city’s priciest rental listings.   Lazarus, who is CEO and founder of Molori Design, is known for his high-end resort and home designs. The entrepreneur bought the property at 966

Uncle Sam wants to unload a landmark federal courthouse in Downtown Los Angeles in what appears to be a fire sale. The U.S. General Services Administration has listed the 17-story, 751,800-square-foot Spring Street Courthouse for “accelerated disposition” at 312 Spring Street, in Civic Center, Bisnow reported. An asking price was

Billionaire Stan Kroenke wants to build a state-of-the-art film and TV studio at Hollywood Park in Inglewood, just in time for the upcoming Olympics. The owner of the Los Angeles Rams and SoFi Stadium has filed plans to build Hollywood Park Studios at an undisclosed site at the 300-acre Hollywood

The California Department of Insurance has accused an Encino-based insurance adjuster of stealing insurance funds from Eaton fire victims and other residents looking to repair their homes.  The department has filed a lawsuit against Aleksandr Guldshtadt and his wife, Evghenia Gaiju, for allegedly submitting false insurance claims, pocketing funds meant

Homeowners will bear the brunt of responsibility in shoring up the financial gaps for State Farm General after the California insurance commissioner sided with an administrative law judge ruling to allow an emergency 17 percent rate increase. That’s off from the  original request by California’s largest insurer to hike homeowner

Optimus Properties has landed a $21.5 million loan to refinance a 77,100-square-foot shopping center in South Los Angeles for $292 per square foot — double what some Class A offices fetch in Downtown L.A. The Century City-based secured the loan tied to the Juanita Tate Marketplace at 1040 Slauson Avenue,

Landmark Properties and Stockbridge Capital Group have joined forces on a $100 million deal to buy two student apartment complexes in University Park, near University of Southern California.  Georgia-based Landmark and San Francisco-based Stockbridge purchased the 57-unit Icon Plaza at 3584 South Figueroa Street and the 161-unit West 27th Place