Westside Newsletter_ October 2019

area newsletter OCTOBER 2019 • WESTSIDE

20 19

Community News Here's what California's rent control bill means for LA County

La Cienega Boulevard. Located in an increasingly mediafocused area, this industrial style building has become an attractive alternative to Santa Monica and Hollywood for entertainment and media tenants. Kilroy Realty is also developing a $450 million project in Hollywood which will occupy 355,000 square feet of office space.

Temporary rent regulations have been enacted by Los Angeles County cities to boost tenant protections.

Landlords and multifamily investors are having to recalculate their appetite for future investments.

Fortunately, the senate passed a statewide reform bill last week, AB 1482, which sets a cap on rent increases and protects renters against unlawful evictions.

Fourplex Could Replace Vacant House in Culver City

According to state officials, “Any local rent control ordinance will supersede AB 1482, which only applies to units in a city or jurisdiction that isn’t covered under a local rent control law.” The bill is expected to be signed into law by governor Gavin Newson and take effect January 1, 2020.

Lincoln Property Company finds new ownership with $185 Million Deal

Documents scheduled to be reviewed by the Culver

A deal is underway with Kilroy Realty, who are set to pay

Venice Boulevard. The abandoned home that was

$185 million for Lincoln Property Company’s 19-building

developed in the late 1930s or early 1940s has been

office campus in Culver City. Spanning 157,600 square

empty since 2017. Architect Urban Design Specialists

feet across the 19 standalone buildings, the adaptive

are proposing to transform the existing structure into a

reuse project resides on the corner of Fairfax Avenue and

development of four residential units. Wood accents and

City Planning Commission could make way for a new development of townhouse style condominiums near

Community News stone panels are depicted in renderings of the potentially new two-story structure. A local resident commented that the project was “in compliance with the neighborhood” at a community outreach meeting

Inglewood NFL stadium Projects Completion date Next Summer

held last November. The proposed condominiums are scheduled to be reviewed towards the end of September.

More than 10k new apartments hit the LA market in 1 year. That wasn't enough The future home of the L.A. Rams and Chargers, the 70,000-seat stadium will be called SoFi Stadium. The naming rights deal will cost the San Francisco-based online lender $20 million a year. Construction on the stadium is on track to open next summer, according to the Los Angeles Business Journal. SoFi Stadium is the centerpiece of the $5 billion Los Angeles Stadium & Entertainment District at Hollywood Park development, a project spearheaded by L.A. Rams owner Kroenke Sports & Entertainment. The megacomplex spans 300 Year after year, the number of new apartment units

acres and will include 900,000 square feet of retail space,

online in L.A. County has doubled. But even that wasn’t

800,000 square feet of office space, a separate 6,000-seat

enough to meet demand. Overall vacancy in the county

performance venue, some 2,500 residential units, and a

fell to about 3.6 percent even as the volume of new

300-key hotel. Plazas and green spaces will connect the

apartment projects remain high. Approximately 10,680

complex with American Airlines having signed a naming

apartment units were added in the past year, and of

rights deal for one of those plazas. Builders AECOM and

those recently completed rentals, 60% were in Greater

Turner Construction Co. are the general contractors on

Downtown Los Angeles. This influx of rentals has yet to

the development.

generate oversupply concerns as construction began on additional projects. Average rents went up 4% in the past year within L.A. County, amid competition and calls for more affordable housing options citywide.

Restaurant

Spotlight

Hot Motha Clucker

VOWburger

Roji Bakery

1708 N. Las Palmas Los Angeles, Hollywood

519 N. Fairfax Ave. Los Angeles, Fairfax

807 S. La Brea Ave. Los Angeles, Mid-City

The Nashville hot chicken trend shows no sign of slowing down.

On the menu, expect to see items like chicken sandwich, chicken sliders and chicken tenders. It offers five heat levels from no heat to "clucked up." This is the chicken spot's second location. New to the touristy district is Hot Motha Clucker, which promises an “extreme chicken experience.”

One of the restaurant’s bestsellers are cheesy fries topped with chopped chicken tenders.

It's a family run spot. Perfect for late night cravings.

Vow Burger is a socially conscious restaurant venture.

Their mission is to make a positive impact by serving an entirely meat-free menu (which includes burgers, fries, chocolate and shakes), and a commitment to fight hunger by making donation to the LA Food Bank. The result of your visit is a donation of a meal for every meal purchased. Vow Burger is trying to support the adoption of sustainable foods worldwide, while helping to fight hunger in our local communities.

Roji (which means street in Japanese) originated in Kumamoto, Japan, but found an equal amount if success in Mid City. With loaves of milk bread, lovely pastries, and plenty of coffee on offer, this place is perfect for mornings and afternoon pick-meups. They have partnered with a Japanese Bakery that originated in Kumamoto, Japan in 2006. Together they created new recipes for their LA customers that meld the best of both cuisines.

SIGHTS & SOUNDS in LOS ANGELES

LACMA

Petersen Automotive Museum

5905 WIlshire Blvd.

Los Angeles, CA 90036

6060 Wilshire Boulevard Los Angeles, CA 90036

J. Paul Getty Museum 1200 Getty Center Drive Los Angeles, CA 90049

CURRENT EXHIBITION:

CURRENT EXHIBITION:

CURRENT EXHIBITION:

Mary Corse: A Survey in Light July 28 - November 11, 2019

Hollywood Dream Machines: vehicles of Science Fiction and Fantasy Open Now - May 2020

Eighteenth-Century Pastel Portraits August 28, 2018 – October 13, 2019

Mary Corse’s first solo museum survey is a long overdue examination of this singular artist’s career. Initially trained as an abstract painter, Corse emerged in the mid-1960s as one of the few women associated with the West Coast Light and Space movement. She shared with her contemporaries a deep fascination with perception and with the possibility that light itself could serve as both subject and material of art.

Hollywood Dream Machines: Vehicles of Science Fiction and Fantasy explores cult classic films and stories that have envisioned fantastic futuristic worlds, technologies, characters and cars. Through props, design drawings and physical vehicle models, this exhibit brings pop culture’s visions of dystopian, utopian, and science fiction worlds to life.

Celebrating a medium that is often overlooked in other time periods, this exhibit delves into the favored form of portraiture in late 18th century Europe. Pastels allowed the artist to create classically beautiful works without the arduous process that oil painting often requires. This flexibility coincided with the growing class of people who patronized portrait artists, creating a unique body of work that represented both an evolving craft and an evolving society.

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