“Pencils down”: LA multifamily developers slow construction as high costs, ULA loom over deals

Los Angeles developers are shying away from building more units despite an ongoing housing shortage in the city.  Those in the industry say the market has reached a point where new apartment construction simply doesn’t pencil, the Los Angeles Times reported — and the numbers agree. L.A. County deliv

The Chanel Fakes People Are Lining Up to See

How artist Tom Sachs recreated the brand’s Paris flagship in cardboard, plywood, and paint.

CIP buys Walnut industrial park from AEW for $61M

CIP Real Estate is adding an industrial and flex campus in the San Gabriel Valley to its portfolio.  Irvine-based CIP acquired the 11-building Walnut Tech Business Center in Walnut for $60.7 million, Commercial Observer reported. An affiliate of AEW unloaded the more than 200,000-square-foot complex

Prada’s First Milan Store Levels Up

The brand expands its historic Galleria address into an eight-floor destination for fashion, food, and art—complete with a subterranean tunnel.