Real Estate | BH Courier

Beverly Hills News – City Council Establishes Historic Incentive Permit

The Beverly Hills City Council has approved a highly-anticipated incentive program that could encourage historic preservation among homeowners. The new ordinance will allow the Planning Commission (PC) flexibility in approving permits for the owners of landmarked properties to request deviations and wavers in the zoning code that make more appropriate renovations and restorations possible.  Read More

Beverly Hills News – Planning Commission Review Will Significantly Alter Cultural Heritage Ordinance

Maintaining that historic preservation of single-family homes depresses real estate prices, Planning Commission (PC) Chair Howard Fisher and Commissioner Craig Corman have undertaken to rewrite the Cultural Heritage ordinance that was created just two and a half years ago, when developers sought to demolish one of the three homes built by Master Architect Richard Neutra in Beverly Hills.

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Dalian Wanda Commercial Prepares $5 Billion Hong Kong IPO

Dalian Wanda Commercial is preparing a US$4-5 billion Hong Kong IPO. The commercial real estate arm of Chinese billionaire Wang Jianlin is working with China International Capital Corp. and HSBC Holdings Plc to prepare the IPO for the Dalian Wanda Group Co., a Beijing-based subsidiary. Read More

Beverly Hills News – Wanda Group Closes Escrow on 9900 Building

Posted: Friday, September 12, 2014 – 2:57 PM CBRE and Savills Studley announced today that Hong Kong Private Equity Real Estate firm Joint Treasure International has completed the sale of the 9900 Wilshire property, the former Robinsons-May department store, to the Wanda Group, China’s largest commercial property developer. The site will be developed into a […] Read More

LADBS Approves Haul Rout for Massive Somma Way Project Despite Residents’ Objections

Despite the opposition of dozens of residents, attorneys for the Bel Air Association (BAA) and the Bel Air Homeowners Alliance (BAHA) and Shawn Bayless, Planning and Land Use Deputy for Los Angeles 11th District Paul Koretz and Leonard Nimoy, beloved star of Star Trek -Los Angeles Board of Building and Safety Commissioners approved the hauling for a massive project at 10697 Somma Way. The project will require the removal of 50,000 cubic yards of soil, revealed the lawyers, including a previously undisclosed 19,634 cubic yards to excavate and install 270 soldier piles, for which the City of Los Angeles does not require disclosure in the goal route permit or Mitigated Negative Declaration (MND). Read More