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Real Estate

Los Angeles area realtors are scrambling to accommodate anxious sellers and eager buyers as the April 1 deadline to Measure ULA fast approaches.

Hilton & Hyland Real Estate, Inc. has appointed David Kramer as president, effective immediately. Kramer will work closely with Chairman Lori Hyland and CEO Billy Jack Carter to strategize the future growth of the luxury brokerage. Kramer has been with the company since 2005.

The 10,000-square-foot property was built in 1942 for Mildred Naylor by Beverly Hills master architect Carleton Burgess in the Regency Revival style.

In the closing minutes of its April 28 meeting, the Beverly Hills Planning Commission unanimously approved a vesting tract map for the One Beverly Hills luxury hotel and condominium project, a largely procedural move that brings the project closer to fruition.

"I was absolutely astonished by the beauty of this project and the property, and I know it will be maintained in a fashion that it deserves to be maintained," said Commissioner Peter Ostroff .

"Thirty years ago, Jeff and I started on this journey. Throughout, a great partnership and a deep friendship were forged, and Hilton & Hyland emerged as a force in the industry.

"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."

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

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

"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."