Category Archives: Retail Construction

Sunstone Sells Fairmont for $125 Million

Sunstone Sells Fairmont for $125 Million

Hotel REIT Sunstone Hotel Investors Inc. sold its Fairmont Newport Beach for $125 million.  The buyer of this massive deal was not disclosed but is believed to be a China-based entity that is affiliated with Infinity Realty Advisors in Los Angeles. The Business Journal was the first to report that the Fairmont was close to

How to Reduce and Avoid Hospitality Loss

How to Reduce and Avoid Hospitality Loss

The traveling and hospitality industries are a rather high-risk business due to the risk they run of succumbing to fraud.  Hospitality industries run the risk of fraud because of factors like high average ticket amounts and long fulfillment time horizons compound with high average chargeback rates in order to create above average losses to fraud.

Redondo Beach Waterfront In-Store for a Makeover

Redondo Beach Waterfront In-Store for a Makeover

The $300 million project would bring in new restaurants, retail, and a public market to the Southern California beach and pier. There are plans for a massive redo of Redondo Beach’s groovy old-timey pier and waterfront. An environmental impact report, written and recorded over three years, was released last week by the city’s planning department.

Projects on Which Lobbyists Are Spending the Most Money

Projects on Which Lobbyists Are Spending the Most Money

From the Palladium Towers to soccer stadiums, these are the projects that are weighing down the pockets of lobbyists.  Lobbyists have enjoyed yet another year as a new report from the Los Angeles Ethics Commission shows that more than 400 lobbyists and lobbying firms registered with the city have brought in more than $13.5 million–and

Bonnis Properties Purchases Foreman & Clark Building in L.A. for $52M

Bonnis Properties Purchases Foreman & Clark Building in L.A. for $52M

The historic Foreman & Clark at 7th and Hill was just sold for $52 million to a developer from Vancouver. A new Canadian player is coming to town. Bonnis Properties, a Vancouver-based company, has completed the acquisition of the historic Foreman & Clark building at 7th and Hill in Los Angeles for a mind-boggling $52

Is There A Future For Brick & Mortar Stores?

Internet's Impact on Brick and Mortar Stores

How Your Physical Location Can Compete With The Internet You know the feeling. You need to get a birthday gift for your friend, but you are in your loungewear at home and are enjoying a relaxing day. The internet offers you a solution. You brew yourself a mug of tea while your computer boots up,

Tech Industry Bolsters Booming Construction In Silicon Valley

Millennials Lead The Charge For More Housing It is no surprise that Silicon Valley is booming. The tech industry is only getting more and more lucrative and large, drawing an increasing number of people—particularly Millennials—to Silicon Valley, where tech giants like Apple and Google are offering high-paying jobs with full benefits that stretch beyond the

Commercial Real Estate and Lending Conference

This year’s Commercial Real Estate and Lending Conference is almost here. This spring you will have a chance to learn from the pros and network with others who are also looking to expand their commercial real estate business. On April 10, 2014 commercial real estate professionals will gather at The Westin Long Beach for this

Parkwest General Contractors One of Hotel Management Magazines 2013’s Top Construction Companies

Parkwest General Contractors, Hotel Management 2013 Top Construction Companies

In a world in which customer service comes as more of a surprise than an expectation, where people steel themselves against disappointment by not expecting too much from their contractor, Parkwest General Contractors is turning heads.  Parkwest has been named one of the Top Construction Companies of 2013 by Hotel Management Magazine for their work in the