Jack Witthaus

[twilbert @twilbert]

BREAKING: @Colliers US CEO Says Brokerage To Grow in the Country - Firm Expands to Louisiana https://t.co/XaYRUJx46k

[Joe Cohen @CohenSite]

The City of LA was dealing with a massive backlog of storm-water permits. They looked at the evidence and determined:

1. Small residential developments don't produce that much stormwater runoff
2. The city spends significant resources reviewing stormwater plans for small developments
3. LID requirements add costs that make it harder to build new housing
4. In 2018, LA County voters passed Measure W to treat stormwater county-wide, so project-specific measure are less necessary

So the city just went ahead and completely removed LID requirements from small developments

I'm kinda shocked. You don't normally see LA reducing regulatory burden to make it easier and cheaper to build housing

[Ryan Ori @Ryan_Ori]

Buildings Once Known for Rooftop Viewing of Chicago's Wrigley Field Could Be Demolished for Apartments https://t.co/T8uDr66eR2

[Jack Witthaus @jackwitthausla]

Great apartment sales story in CoStar News this morning

In World of ‘Distressed New Construction,’ These Apartments Sell for Almost Half of Cost To Build New

https://t.co/WaFCnVgfg8

[Rachel Uranga @racheluranga]

Ahead of Waymo's robotaxi launch in LA, I took a wild ride in one through DTLA with @alschaben. A Suburban driver tried to ram us, there was some close moments to tents on Skid Row and I couldn't suppress my backseat driver voice, as useless as it was.
https://t.co/NJuloEb5NE

[Jack Witthaus @jackwitthausla]

TikTok Solidifies Real Estate Plans in Face of Congressional Scrutiny https://t.co/jD1dV01egQ

[Jack Witthaus @jackwitthausla]

@twilbert @CoStarNews @DLA_Piper Oui!

[Jack Witthaus @jackwitthausla]

@EstebanCortante Ha! Thanks Steven. It helps our CoStar office is on the 50th floor of 777 Tower :)

[Jack Witthaus @jackwitthausla]

@AdamNMayer That's really interesting!

[Adam Mayer @AdamNMayer]

The main difference between this tower and the Oceanwide buildings is that this is actually finished and starting to be occupied by residents!

[Jack Witthaus @jackwitthausla]

The luxury apartment complex was completed last year but it's far from fully leased. Real estate giant Brookfield owns the property.

Here's @CoStarNews' story last year on Beaudry https://t.co/DiTjzhJjJq

[Jack Witthaus @jackwitthausla]

At the Graffiti Towers in downtown Los Angeles this afternoon, workers were busy installing a fence to secure the property.

I also counted 7 cop cars stationed around the one-block Oceanwide Plaza property.

Below are some photos I took @CoStarNews

[Jack Witthaus @jackwitthausla]

As America grapples with its glut of vacant office space, one Los Angeles owner appears to have a novel idea:

Demolish the entire office and turn it into an EV charging station.

Guess charging EVs is more valuable than office space?

https://t.co/zfrVR0UDFU

[Save Your Cinema @SaveYourCinema]

Fox Westwood is officially becoming a multiplex! 🤔 https://t.co/XAHYGiGB1N

[Jack Witthaus @jackwitthausla]

A group involving "Juno" filmmaker Jason Reitman has bought LA's historic Fox Theatre.

Upgrades include three new theaters along with retail and restaurant space as well as a second-floor outdoor patio, according to city of LA records.

https://t.co/aW3Ruc0S8Q

[Jack Witthaus @jackwitthausla]

Los Angeles Officials Propose Apartment Incentives To Address Overcrowding https://t.co/2yZqMjO40Z

[Jack Witthaus @jackwitthausla]

Money will be used to fund fencing, security services, fire safety upgrades, graffiti abatement and other measures.

City also is working with its City Attorney to come up with a legal strategy to recoup expenses.

[Jack Witthaus @jackwitthausla]

Another Graffiti Tower update in downtown Los Angeles ...

Los Angeles City Council is weighing on Friday whether to approve up to $3.8 million to secure and clean up the Graffiti Towers.

https://t.co/z2nR9TtMpU