The cancellation of LVMH’s Cheval Blanc Hotel project has delivered a blow to Beverly Hills’ budget, a recent session of the City Council showed, prompting a special committee to look into how... Read more »
XLD Group has hit a snag on a $130 million loan linked to the Los Angeles Airport Marriott hotel next to LAX. The loan to the Pasadena-based unit of Sichuan Xinglida Group... Read more »
Arriba Capital has arranged financing for a $35.75-million ground-up construction loan for an oceanfront Residence Inn by Marriott property in Ormond Beach, FL. The property is being developed by Contender Development. Arriba’s Ryan Bosch... Read more »
The Cecil Hotel — the infamous Los Angeles site of mysterious deaths and a Netflix true crime documentary — is now up for sale. New York firm Simon Baron Development is selling... Read more »
Los Angeles city officials on Wednesday halted a developer’s efforts to build a luxury resort on a Benedict Canyon mountainside. City Planning Director Vincent Bertoni notified developer Gary Safady that the city... Read more »
X-Caliber Funding, a national, direct commercial real estate lender, and CastleGreen Finance, an X-Caliber affiliate that provides capital through Commercial Property Assessed Clean Energy (C-PACE) financing, completed the refinance of the Fairmont... Read more »
Arya Group, known for building super mansions across Los Angeles, is placing a major hospitality bet on the L.A. Clippers. The West L.A.-based development firm, led by Ardie Tavangarian, has filed plans... Read more »
Construction has begun on One Beverly Hills, a nearly $5-billion condominium and hotel complex that promises to transform the Beverly Hills skyline and be a commanding presence on its western edge. With... Read more »
A Koreatown property owner has tweaked plans for a six-story hotel to include an extra floor and 20 apartments. EWAI, an architecture firm based in Koreatown, has filed revised plans on behalf... Read more »
The 590-room Sheraton Memphis Downtown Hotel is up for sale. The price was not disclosed. The two brokers handling the deal are Tim Osborne and Spencer Davidson, both with Hunter Hotel Advisors.... Read more »