Kari Hamanaka

2 weeks ago | therealdeal.com | Kari Hamanaka

It’s been a week since Los Angeles’ Fashion District was rocked by U.S. Immigration and Customs Enforcement raids that set off many more detainments in the days that followed. Some are now asking whether the raids could hold implications for homebuilders in the state, which have already been grappling with a labor shortage.  National Association of Home Builders CEO Jim Tobin told the Los Angeles Daily News the raids could compound preexisting challenges for the industry.

2 weeks ago | therealdeal.com | Kari Hamanaka

Hilton & Hyland’s landlord wants the Beverly Hills-based brokerage out of the building. A limited liability company with ties to Standard Oil Investment Group alleged in Los Angeles County Superior Court early in May that Hilton & Hyland owes it over $650,000 in back rent and more than $65,000 in late fees. The building owner is also asking for an unspecified amount of attorney’s fees, according to the court filing.

2 weeks ago | therealdeal.com | Kari Hamanaka

Hilton & Hyland’s office space in Beverly Hills’ Golden Triangle is available for lease, The Real Deal has learned. The availability of the 18,000 square feet comprising the second floor of the Standard Oil Building at 257 North Canon Drive is where Hilton & Hyland called home for the past seven years. Independent commercial broker Brandon Cohan, who announced the availability Wednesday on Instagram, confirmed he is handling the marketing, but declined to further comment Wednesday.

2 weeks ago | therealdeal.com | Kari Hamanaka

Los Angeles spec developer Guy Grimberg knows his views. “I’ve been building for 25 years. This particular property, the view, the angle is unlike anything else,” Grimberg said of his recently completed 766 Paseo Miramar in the Pacific Palisades. The hillside property, which is owned and developed by Grimberg’s GME Development, entered the market last week with a $54 million asking price to make it the Palisades’ most expensive on-market listing, according to records with Zillow.

2 weeks ago | therealdeal.com | Kari Hamanaka

Los Angeles’ boutique brokerage landscape has a new entrant in former “Buying Beverly Hills” cast members Jon Grauman and Adam Rosenfeld’s new brokerage, Resident. The duo, along with Grauman’s wife and now Resident CEO Lauren Grauman, left The Agency to launch the brokerage on Monday, backed by real estate platform provider Side. “The ethos of the new company that we’ve created is one centered around the client and the client experience,” Jon Grauman told The Real Deal on Tuesday.