Downtown Los Angeles

Condos Conquer Los Angeles

Chinese developers are fueling building boom New condominiums are sprouting in downtown Los Angeles at the fastest pace since the 2008 crash, in a sign that a city synonymous with sprawl is embracing dense urban living. Almost 2,000 new luxury condos are under development or being sold on or ahead of schedule, according to brokers, [...]

Meet the Millennial Marketing LA’s Luxury Mansions Like Hollywood Movies

The luxury real estate market in Los Angeles ranks as one of the most fiercely competitive in the world, with firms large and small all vying for top listings in coveted locations. Yet real estate developers looking to get the word out about a glossy new home listing or gleaming condo tower are increasingly turning to one [...]

Chinese investment is helping to fuel Downtown LA’s development boom

A development boom in Downtown Los Angeles continues to reshape the city’s skyline, and a new reportfrom real estate services firm Cushman & Wakefield shows that much of the growth in Downtown and beyond has been shaped by Chinese investment. Los Angeles trails only New York and San Francisco in terms of popularity with Chinese real [...]

Off with a bang? L.A. County sees two sales of $30 million or more in early February

The high-end market may have been slow to develop in 2016, but it is already off to a brisk start this year. L.A. County has seen eight sales of $20 million or more through the first six weeks of 2017. Among them are two properties in Bel-Air that recently traded hands at $30 million or [...]

Valet parking, 24-hour concierge, screening rooms … luxury-condo perks lure buyers out of the house

The free breakfast buffet served daily to owners of the Ritz-Carlton Residences at L.A. Live includes scrambled eggs, bacon, French toast, fresh fruit and expansive 28th-floor views. The complimentary meal is an unprecedented perk in the competitive landscape of luxury L.A. condominiums, where such benefits as valet parking, fitness centers, spas, screening rooms, a 24-hour [...]

What Millennials Want: Homes Designed for Connection and Convenience

Onsite co-working spaces boasting coffee bars and Mac computers. Branded bikes, toy sailboats and takeaway picnic baskets, meant to be enjoyed on a Central Park outing. Access to a fun-filled courtyard, with ping-pong tables, fire pits and an adult treehouse. These are just some of the amenities that new luxury condominium and high-end rental buildings in major [...]

It’s in the Numbers: Luck and Superstition Sell Luxury Real Estate

  Last week, a Chinese developer bought an office building in Sydney’s Central Business District for an auspicious price: A$88,888,888. Because the number 8 is considered lucky in Chinese culture (it’s pronounced “ba” in Chinese and is similar to the Chinese word “fa,” which means prosperous), this comes as no surprise to real estate insiders who frequently [...]

Warhols and Other Fine Art Has Emerging Role in Luxury Real Estate

The benefit goes both ways: Art deals also get made as properties are sold A house—with art in it—is a home. Or at least it can appear to be, as developers on the luxury market have found. Top-tier furnishings and interior design have long been used to sell properties, but now developers and brokers often [...]

Home Security: The New Trends

— Electronic glass. When a celebrity had privacy concerns about the bathroom skylights in his clifftop Malibu home, he sought a high-tech solution, said Aron Abadi, vice president of Innovative Glass Corp. The company makes eGlass, an electronic glass that changes tint or opacity with the flip of a switch. The client’s skylights were outfitted [...]

Confidence Grows as New Home Sales Soared in October

New-home sales are finally starting to catch up with builders optimism, as the Commerce Department reported Monday the sale of newly-built, single-family shot up by 10.7 percent in October. On the year, new-home sales are running 15.7 percent ahead of 2014. In October, new-home sales rose to a seasonally-adjusted rate of 495,000 units. This is [...]