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Beverly Hills,CA Business News

Business News

Carolwood Estates Launches Private Portal for Real Estate

May 8, 2025

News Summary Beverly Hills brokerage Carolwood Estates introduced the Carolwood Private Portal to enhance real estate market transactions amidst ongoing debates over the NAR’s Clear Cooperation Policy. This innovative platform...

Kennedy-Wilson Holdings Inc. Reports Significant Q1 Loss

May 8, 2025

News Summary Kennedy-Wilson Holdings Inc. faced a Q1 loss of $29.9 million translating to 30 cents per share. However, adjusted for non-recurring costs, the loss decreased to just 1 cent...

Irish Businessman Sues Qatari Royals for $20 Million

May 7, 2025

News Summary Patrick McKillen has filed a federal lawsuit against key members of the Qatari royal family, seeking $20 million in damages for unpaid work related to The Maybourne Beverly...

Louis Vuitton Unveils Plans for Flagship Store in Beverly Hills

May 6, 2025

News Summary Louis Vuitton plans to open a new flagship store in Beverly Hills designed by architect Frank Gehry. The innovative 45,000 sq. ft. store on Rodeo Drive will feature...

Iconic 31-Acre Mulholland Estate in Beverly Hills Listed for $15 Million

May 5, 2025

News Summary A notable 31-acre estate along Mulholland Drive in Beverly Hills has been listed for sale at $15 million. Previously owned by Bruce Willis, this expansive property features a...

Louis Vuitton to Open Flagship Store in Beverly Hills by 2029

May 2, 2025

News Summary Luxury fashion brand Louis Vuitton has revealed plans to establish a massive flagship store in Beverly Hills by 2029. This new store will span 100,000 square feet and...

Therapy Dogs Transform Patient Care at Beverly Hills Dental Practice

May 1, 2025

News Summary Dr. Mojdeh Shayestehfar, known as ‘Dr. Shay’, has revolutionized patient care by integrating therapy dogs into Linden Dental Care in Beverly Hills. This innovative initiative aims to alleviate...

Exploring the Culinary Wonders of Los Angeles

April 29, 2025

News Summary Los Angeles is a gastronomic paradise, offering a diverse array of dining experiences from fried chicken at Honey’s Kettle to Salvadoran delights at Vchos. This article highlights standout...

James Packer Acquires $110 Million Mansion in Bel-Air

April 29, 2025

News Summary Australian billionaire James Packer has made headlines by purchasing a luxurious mansion in Bel-Air for $110 million. Known as ‘Le Belvedere,’ the estate features 10 bedrooms, 15 bathrooms,...

FINANCE

Kennedy-Wilson Holdings Inc. Reports Significant Q1 Loss

May 8, 2025

News Summary Kennedy-Wilson Holdings Inc. faced a Q1 loss of $29.9 million translating to 30 cents per share. However, adjusted for non-recurring costs, the loss decreased to just 1 cent...

Beverly Hills Hotelier Files Lawsuit Against Qatari Royals

April 26, 2025

News Summary Beverly Hills hotelier Patrick McKillen has initiated a civil racketeering lawsuit against members of Qatar’s royal family, claiming defrauding tactics that have cost him millions. McKillen, who managed...

Ponca City Secures $5.9 Million Real Estate Investment Loan

April 17, 2025

News Summary Ponca City, Oklahoma, is experiencing a surge in real estate investment as Flexi-View Lending announces a significant $5.9 million fix-and-flip loan. This financing, with an 80% loan-to-value ratio,...

Valley Bank Opens Its First California Branch in Beverly Hills

April 11, 2025

News Summary Valley Bank has officially opened its first California branch in Beverly Hills with a grand celebration, including a $10,000 donation to the Beverly Hills Education Foundation. Located at...

Beverly Hills Celebrates Grand Opening of Valley National Bank

April 3, 2025

News Summary Valley National Bank proudly opens its first California branch in Beverly Hills with a grand celebration on April 8, 2025. The bank has already registered over $50 million...

Palmdale’s Chaparral Apartments Sold for $71 Million

March 20, 2025

News Summary In a significant real estate transaction, the Post Investment Group has acquired the Chaparral Apartments in Palmdale for $71 million. This multifamily housing complex features 296 units and...

Americana Partners Expands Wealth Management Services to California

March 11, 2025

News Summary Americana Partners, a Texas-based wealth management firm, has announced its expansion into California by acquiring Boulevard Family Wealth. This strategic move increases their assets under management to $12...

Genesis Bank to Acquire Excel Bank in Major Deal

March 10, 2025

News Summary Genesis Bank, based in Orange County, is set to acquire Excel Bank from Beverly Hills in an all-cash deal expected to close in the second quarter of 2025....

Deadline Looms for Merck & Co. Securities Fraud Lawsuit

March 4, 2025

News Summary Investors in Merck & Co. are facing an important deadline regarding a securities fraud class action lawsuit. The law firm Glancy Prongay & Murray LLP has announced that...

CONSTRUCTION

Irish Businessman Sues Qatari Royals for $20 Million

May 7, 2025

News Summary Patrick McKillen has filed a federal lawsuit against key members of the Qatari royal family, seeking $20 million in damages for unpaid work related to The Maybourne Beverly...

Louis Vuitton Unveils Plans for Flagship Store in Beverly Hills

May 6, 2025

News Summary Louis Vuitton plans to open a new flagship store in Beverly Hills designed by architect Frank Gehry. The innovative 45,000 sq. ft. store on Rodeo Drive will feature...

Louis Vuitton to Open Flagship Store in Beverly Hills by 2029

May 2, 2025

News Summary Luxury fashion brand Louis Vuitton has revealed plans to establish a massive flagship store in Beverly Hills by 2029. This new store will span 100,000 square feet and...

Construction Begins on Affordable Housing Project in Santa Monica

April 22, 2025

News Summary Santa Monica has launched a new eco-friendly housing initiative called the 20th Street Apartments. This project will create 78 units of affordable housing for low-income families and individuals...

Wilshire Boulevard Closure Completed Ahead of Schedule

April 12, 2025

News Summary Wilshire Boulevard in Beverly Hills has reopened a day earlier than expected after a three-week construction shutdown to facilitate the D Line extension project. The temporary closure affected...

Beverly Hills Proposes New Residential Tower ‘The Eastern’

March 10, 2025

News Summary A new 34-story residential tower, named ‘The Eastern’, has been proposed by Millennium Partners in Beverly Hills. The project promises 249 residential units, including affordable housing, along with...

MARKETING

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REAL ESTATE

Carolwood Estates Launches Private Portal for Real Estate

May 8, 2025

News Summary Beverly Hills brokerage Carolwood Estates introduced the Carolwood Private Portal to enhance real estate market transactions amidst ongoing debates over the NAR’s Clear Cooperation Policy. This innovative platform...

Kennedy-Wilson Holdings Inc. Reports Significant Q1 Loss

May 8, 2025

News Summary Kennedy-Wilson Holdings Inc. faced a Q1 loss of $29.9 million translating to 30 cents per share. However, adjusted for non-recurring costs, the loss decreased to just 1 cent...

Louis Vuitton Unveils Plans for Flagship Store in Beverly Hills

May 6, 2025

News Summary Louis Vuitton plans to open a new flagship store in Beverly Hills designed by architect Frank Gehry. The innovative 45,000 sq. ft. store on Rodeo Drive will feature...

Iconic 31-Acre Mulholland Estate in Beverly Hills Listed for $15 Million

May 5, 2025

News Summary A notable 31-acre estate along Mulholland Drive in Beverly Hills has been listed for sale at $15 million. Previously owned by Bruce Willis, this expansive property features a...

James Packer Acquires $110 Million Mansion in Bel-Air

April 29, 2025

News Summary Australian billionaire James Packer has made headlines by purchasing a luxurious mansion in Bel-Air for $110 million. Known as ‘Le Belvedere,’ the estate features 10 bedrooms, 15 bathrooms,...

Gene Simmons Lists Luxurious Beverly Hills Home for $14 Million

April 28, 2025

News Summary Music legend Gene Simmons has put his stunning Beverly Hills residence on the market for nearly $14 million. The contemporary home offers 7,740 square feet of elegant living...

Construction Begins on Affordable Housing Project in Santa Monica

April 22, 2025

News Summary Santa Monica has launched a new eco-friendly housing initiative called the 20th Street Apartments. This project will create 78 units of affordable housing for low-income families and individuals...

Ponca City Secures $5.9 Million Real Estate Investment Loan

April 17, 2025

News Summary Ponca City, Oklahoma, is experiencing a surge in real estate investment as Flexi-View Lending announces a significant $5.9 million fix-and-flip loan. This financing, with an 80% loan-to-value ratio,...

Matt Bellamy Lists Luxury Condo in Los Angeles

April 14, 2025

News Summary Musician Matt Bellamy has put his stunning luxury condo in the iconic Sierra Towers on the market for $4.4 million. This elegant space features breathtaking skyline views, modern...

SPORTS

Los Angeles Hosts ‘Here There Are Blueberries’ Play

March 6, 2025

News Summary Los Angeles is set to host the thought-provoking play ‘Here There Are Blueberries’ from March 13 to 30 at the Wallis Annenberg Center for the Performing Arts. Created...

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