Welcome to the Real Estate Newsletter, where this week our stories celebrate California architecture at its greatest and its smallest.
By big I mean big. In Koreatown, we explored the new Wilshire Boulevard Temple event space, a 55,000-square-foot pavilion described as a “three-story parallelogram draped in a honeycomb pattern.” Opening soon, the striking structure, paired with the temple’s original Byzantine style, is the latest piece of architecture that screams “only in Los Angeles.”
And by small, I mean small. In Santa Monica, we took a look at an ADU that’s only 320 square feet. As ADUs emerge as a solution to LA’s insufficient building stock, builders are pulling out all the stops to design, and this one brings a touch of modernism with an eye-catching mix of wood, glass and aluminum. To maximize space, there is a Murphy bed.
For something between a 55,000 square foot lodge and a 320 square foot tiny house, check out Diddy’s mansion he just sold in Toluca Lake. The Grammy-winning rapper unloaded the nearly 10,000 square foot spot for $6.51 million, making it the most expensive home sale in the neighborhood in months.
We’ve also received an update from wine country â the Guenoc Valley, to be precise â where a sprawling luxury resort has been shut down after a state court sided with environmentalists, saying that the 16,000-acre project had failed to properly analyze how the development would affect evacuation routes during a wildfire following the LNU Lightning Complex fire.
In other commercial real estate news, last year we saw tech giants such as Apple and Spotify launch new hubs in Los Angeles. Now Roku is coming to town. After doubling its Santa Monica team to more than 200 employees last year, the streaming platform announced a lease for a 72,000 square foot office in the city that will help it produce more content.
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A striking new space graces Wilshire
Is there a compound word that describes the feeling of alienation that comes from really wanting to adopt a new architecture but viscerally not being able to? A dismay? A design enchantment? A stupor? Carolina A. Miranda writes that she is looking for a word to describe her feelings towards the first great building in Los Angeles by the international design studio Office for Metropolitan Architecture (OMA).
The building in question is the new Audrey Irmas Pavilion, a 55,000 square foot event space for Wilshire Boulevard Temple in Koreatown â whose grand opening event has been delayed until further notice by the COVID-19 variant Omicron .
AMO was founded by Rem Koolhaas, but the Pritzker Prize-winning Dutch architect had little involvement in the project. The pavilion’s design was instead led by Shohei Shigematsu, a partner in the firm’s New York office, with Koolhaas contributing to the design of the mezuzas attached to the pavilion’s key doorposts.
One of Shigematsu’s favorite ways to describe the building â a three-story parallelogram draped in a honeycomb pattern that slants into an architecturally significant part of Wilshire â is as “a gathering machine”.
A jewel arrives in a garden in Santa Monica
Nearly 30 years after buying a modest two-bedroom, one-bathroom home in Santa Monica’s Sunset Park neighborhood, Michael Solomon and Naomi Lieberman turned their attention to their backyard, where they hoped to add a family home. guests can accommodate their family and friends. , writes Lisa Boone.
In what seems inconceivable by today’s real estate standards, they bought the 1,300 square foot home in 1994 for $300,000. But decades later, desiring a little more space, they had little success in finding a larger dwelling they both loved. âWe got lucky and bought the house right after the Northridge earthquake,â Solomon explained. But today “there really isn’t an affordable place to go” if you want more space, he added.
Given the deep attachment to their longtime neighborhood, the couple decided to add a secondary suite, or ADU, in the backyard, rather than renovating or moving elsewhere.
The rapper’s mansion is a hit
Sean Combs, the rapper better known as Diddy, has raised $6.51 million for his traditional-style Toluca Lake mansion. It’s been the most expensive sale in the neighborhood for months.
Records show the Grammy-winning artist paid $5.25 million for the property in 2009, and he’s been buying it for $7 million since October.
Built in 2006, the stately home spans nearly 10,000 square feet â but it’s still not its largest Southern California home. That title belongs to a 13,000 square foot Holmby Hills storefront he bought for $39 million in 2014.
The state stops the development of luxury
When Lake County approved plans for a sprawling, luxury development in the Guenoc Valley wine region in 2020, officials hailed the project as an economic one. “game changer” that would create “breathtaking” job, writes Alex Wigglesworth.
But as the LNU Lightning Complex fire shrouded the development’s only escape route – a two-lane highway that winds through a steep canyon – critics said the plan was a potential disaster not just for residents. future residents, but for those who already lived nearby.
Had the project been completed, they said, thousands of evacuees could have spilled onto the road and created a bottleneck similar to the one that doomed residents of Paradise in the 2018 camp fire. .
Now a state court has sided with environmentalists and the California attorney general and ruled the county must rescind its approvals for the 16,000-acre mixed-use project, dubbed Maha Guenoc Valley, because the county had not properly analyzed how development would affect escape routes during a wildfire.
Roku is expanding in Santa Monica
When the Roku Channel launched five years ago, it was a minnow in a sea of ââstreaming giants, writes Wendy Lee.
No more. Roku Channel is now the fifth most popular streaming service in the industry, according to Activate Consulting, with 80,000 shows and movies on demand, more than 200 live TV channels and an estimated audience of 70 million viewers in the United States. . And, in a bid to attract more eyeballs, the channel is making a big push into original programming, with plans to develop more than 50 scripted and unscripted original shows over the next two years.
As it prepares to become a content producer, the Roku channel has expanded its presence in the Los Angeles area. Roku’s team in Santa Monica doubled to over 200 employees in 2021.
To accommodate its larger workforce, the Roku channel is moving to larger digs earlier this year. The company, which previously had an office in the Water Garden in Santa Monica, has leased 72,019 square feet at the Colorado Center, according to LA Realty Partners.
What we read
For a Bay Area market check-in, look no further than a home dubbed “the worst house on the best block.” The decrepit repairman has no bedrooms, two bathrooms and just sold for $1.97 million. SF Gate has the details.
In Virginia, Habitat for Humanity partnered with a 3D-printing company to print a three-bedroom house, and the foundation was completed in 12 hours â a process that typically takes about four weeks. writes the New York Post.