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The Los Angeles Convention Center had a big year. The Convention Center reported an operating surplus of $10.2 million, a 5% increase from the previous year’s surplus of $9.7 million. It’s the biggest surplus since AEG took over management of the 46-year-old facility; before that December 2013 handover, the city operated the Convention Center, usually […]
The city of Los Angeles just announced plans to have a fleet of fully electric, zero-emissions buses by 2030. Authorities said the project, which involves the purchase of 2,200 vehicles, would cost some $1 billion over the next ten years. “Today’s vote represents an enormous investment in the future of a healthy and prosperous Los […]
Earlier this month, the International Olympic Committee took the unusual step of picking Paris and Los Angeles to host the 2024 and 2028 Summer Games, but leaving it to the cities to negotiate the order. According to Los Angeles Mayor Eric Garcetti, his residents should be prepared to wait an extra four years before the […]
The first condominium tower in Metropolis, one of the biggest real estate developments in Los Angeles history, officially opens Thursday amid a wave of construction that is crowding the downtown skyline with new tall buildings. The long-anticipated $1-billion luxury condo-and-hotel complex rising along the Harbor Freeway is one of a handful of mega projects being […]
Metro CEO Phil Washington has said the agency is looking into launching a service that’s similar to Uber, Lyft, and other popular car services used by millions of people. Washington mentioned the service during his appearance on local radio station KPPC’s AirTalk show. “We are looking at creating our own Uber-like service using our smaller […]
Maybe it’s the turbo-charged national economy. Maybe it’s the Los Angeles housing shortage that has caused both rents and home sale prices to spike. Maybe it’s the pressure developers face of trying to launch a project before voters cast ballots on Measure S in March. Maybe it’s all of the above. Whatever the case, the […]
A foreign investor paid $26.5 mil for a multifamily development site in downtown Los Angeles. The property is entitled for a 24-story, 241-unit condo project that includes retail. The site sold for $795 per square foot. The site is located at 1135 W. 7th St. and is directly adjacent to the planned new Mayfair Hotel, […]
Southern California is home to close to a quarter of the country’s million-dollar housing communities, according to Realtor.com data. More than 400 zip codes in the region have a median listing price of $1 million or more, the Pasadena Star News reported. The area also contains nine of the country’s priciest 25 zip codes. Los […]