Playa Vista, a newly built neighborhood on the west side of Los Angeles, lacks much of what locals consider luxury. There are no estates, sweeping views or movie-star enclaves. Yet houses are selling for over $4 million, and rents are eye-watering.
Read MoreCommercial Brokers International CEO George Pino gives his outlook for the Commercial Real Estate market in Los Angeles for the Third Quarter of 2016.
Read MorePlaya Vista has been the center of modern innovation in Los Angeles for quite some time. You may be thinking of aerospace – it was where Howard Hughes’ legendary Spruce Goose airplane was built in a hangar on land previously owned by the billionaire. Now it is ground zero for technology & internet companies in LA, as technology giants such as Facebook, Google and Yahoo are setting up offices there. Previously the hot spot was in Santa Monica, but it has moved south to Playa Vista where there is a less expensive, roomier office to be built, bought or leased.
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