Business

Commercial Vacancy Rate Remains High in Beverly Hills

“The city has outlined mixed use, the Purple Line is coming forth, One Beverly Hills, there is so much happening. Also on Wilshire a lot of mixed-used projects are moving forward, including more office space that’s being built … it’s a very comprehensive, healthy situation.”

Trousdale Estate Nominated for Landmark Status

To qualify for the Registry, a building must meet several criteria listed in the 2012 Beverly Hills Historic Preservation Ordinance.

One Beverly Hills Project Moves Forward in City Council

A luxury hotel and condominium development that would reshape the City’s western Wilshire Boulevard and Santa Monica gateways.

Planning Commission Punts on One Beverly Hills

“The Planning Commission is unable to recommend whether or not the development agreement is consistent with the general plan, because the commissioners hold the differing views regarding consistency with the general plan and were unable to reach a consensus.”

Planning Commission Holds Second Special Meeting on One Beverly Hills Project

“We delivered with the Waldorf Astoria everything we promised and more. The financial return exceeded the city’s estimates,” Alagem told the Commission.

First Public Hearing Held for One Beverly Hills Specific Plan

One Beverly Hills will offer two hours free public parking and promises to never close the park for private events at the hotel.  

Beverly Hills Estates of Mind

The inspiration even extends to the logo for The Beverly Hills Estates, which features a cheery script reminiscent of the Beverly Hills Hotel’s emerald-green signage.

Planning Commission Examines Housing Solutions

“I think that if we can at least meet or exceed the state standards, we will be demonstrating good faith to HCD in our efforts to accommodate to the overriding purpose of the Rena allocation,” said Commissioner Thomas Hudnut.

Planning Commission Renews Permits for 9111 Wilshire

The application also requested approval of a Conditional Use Permit (CUP) for modified vehicle loading spaces and use of an off-site parking garage. Oakshire also sought approval of a Historic Incentive Permit (HIP) to allow use of a hotel that directly abuts a residential zone.

Three Beverly Hills Locations Recognized with Golden Shield

The first three recipients of Golden Shield recognition plaques include the site of the Dona Maria Rita Valdez de Villa Homestead, located at Sunset Boulevard and Alpine Drive; the original location of Lawry’s Restaurant on North La Cienega Boulevard; and the original Giorgio Beverly Hills Boutique, the first luxury boutique on Rodeo Drive.

City Council Considers Rent Subsidy

“When I see that our denial rate was 77 percent and our approval rate was 23 percent, that really is devastating in terms of percentages,” said Councilmember Lili Bosse. 

Beverly Hills Holds Tenant’s Forum

One listener posed a hypothetical question about what would happen if they lost their job, but then received more money in unemployment benefits than they made at their former job. Would they qualify for eviction protections?

Scoping Hearing Held for Beverly Hills Creative Offices Project

“I don’t see anything in your list of evaluation criteria that talks about how this is going to destroy the farmers market, a farmers market that many of us use every single week,” said Janice Barquist, echoing the concern of others in the meeting. 

Governor Newsom Extends Eviction Moratorium

In addition to providing aid to income-qualified tenants financially impacted by the pandemic, the program incentives property owners to forgive back rent.

High-Profile Projects Before Beverly Hills Planning Commission This Year

As Gohlich notes, “[Robinsons-May] was truly a world class department store and contributed in a significant way to the city and its development at that time.”

New Platform for Luxury Real Estate in Beverly Hills

“Top real estate industry professionals now have an opportunity to capitalize on the immense global reach of Forbes in the creation of an impactful luxury marketplace, which is owned and led by brokerages,” Bonnie Stone Sellers, who serves as Chair, said in a statement.

Restoring a Hollywood Legend in Beverly Hills

The Zaslavs’ purpose in restoring Woodland is to “ensure that the property is enjoyed in its original state for generations to come,” said Jason Somers, President of Crest Real Estate, who oversees the project.

Beverly Hills Increases COVID Rent Aid

“These are desperate times, we’ve heard pleas from people, I think we can easily add another $550,000 to it,” said Mirisch, who was supported by Councilmember Lili Bosse.

Rent Stabilization Commission Examines Relocation Fees

At the outset of the discussion, Commission Chair Lou Milkowski described the subject as “a real meat-on-the-bone type of legislation for us to look at.”

Beverly Hills Considers Appeal to Housing Allotment

“For example, an ‘unrealistically high’ RHNA allocation based on market trends and lack of vacant land is not considered to be legitimate grounds for appeal,” the Staff Report reads.

Williams & Williams to Launch Their Own Firm

They are also experienced designers and developers.

Beverly Hills Chamber of Commerce Announces Golden Palm Honorees

This year’s winner is Courier Publisher John Bendheim. “John Bendheim is a staple in the community of Beverly Hills, both personally and professionally.

Rent Assistance Program Approved

“It’s not so much the assets,” Councilmember Dr. Julian Gold clarified, “it’s the amount of income the assets generate on a monthly basis.”

Academy Museum of Motion Pictures Announces Six New Trustees

“We are thrilled to welcome these six remarkable leaders to our board of trustees,” said Ron Meyer, board chair and vice chairman of NBCUniversal.

Residents Oppose Proposed Senior Housing Facility Near Roxbury Park

“People view it as one neighborhood,” described Los Angeles resident Cheri Lewis, who has lived two blocks from Roxbury Park since 2004.

One Beverly Hills Launches Application Process

At the turn of the 20th century, the tract that is now the dynamic corner of Wilshire and Santa Monica Boulevards was farmland. In the early 1920s, it housed a nursery that supplied the palm trees and other vegetation that eventually created the City landscape. 

New Pocket Listing Guidelines Signal a Change in Beverly Hills

Real Estate Practices During COVID-19

Pendry Residences and Montage Continues West Coast Expansion

Real Estate Roundup

Real Estate Roundup