News & Updates

Wilshire Grand Hotel Going Single Tower, Ditching Offices

Curbed LA | Adrian Glick Kudler

3/15/12

The Wilshire Grand hotel has already closed, and Korean Air has gotten approvals to demolish the building and build a two-tower replacement with 560 hotel rooms and office space. Major curveball: the Downtown News reports today that Korean Air now plans to build just one tower with 900 hotel rooms and "a diminished office component."

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Development Update-O-Rama: Sales Getting Downright Brisk at South Park Ritz-Carlton

Curbed LA | Neal Broverman

3/14/12

Ever since The Agency--the high-profile real estate firm started by Beverly Hills Househusband Mauricio Umansky (pictured), along with Billy Rose and Blair Chang--took over sales and marketing at the Ritz-Carlton Residences at LA Live last fall, a growing number of the one percent (and those with the credit to pretend) has moved into the luxury tower.

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