LA real estate
LA real estate

CIM Group Tries Again to Sell Hancock Park Project

Mixed-use property with residential and office components for sale with approved redevelopment plans. [ more ]

therealdeal.com

Decron Properties Buys Phoenix Multifamily After LA Sales

Decron Properties shifted investments from Los Angeles to Phoenix by selling assets in Thousand Oaks for a Phoenix property, using a 1031 exchange to defer capital gains taxes. [ more ]

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Panot Capital Snags $51M Refi for Apartment Buildings in LA

Panot Capital secured a $50.8 million loan to refinance 10 century-old apartment buildings in Los Angeles. [ more ]

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WeWork Keeps North Hollywood Site, Sees LA as Key Market

WeWork filed a motion to keep leases at two Los Angeles locations during its Chapter 11 bankruptcy reorganization. [ more ]

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Decron Sells Moorpark Apartment Complex for $133M

Decron Properties sold Moorpark apartment complex for $133 million, part of ongoing asset offloading in Los Angeles. [ more ]

therealdeal.com

LA Mayor Looks to Make Housing Streamlining Permanent

Los Angeles Mayor Karen Bass aims to make Executive Directive 1 permanent, despite developers' reservations.

The directive aims to expedite affordable housing construction by shortening approval processes and exempting projects from lengthy environmental reviews. [ more ]

therealdeal.com

State Names Four SoCal Jurisdictions as Prohousing

California recognized several jurisdictions as prohousing for supporting housing development and affordability goals.

Prohousing communities receive benefits and incentives under the Prohousing Designation Program by the state. [ more ]

therealdeal.com

1 day ago

Realtor-Backed Group Challenges City of Orange Housing Plan

Californians for Homeownership challenges Orange's housing plan, citing deed restrictions on potential development sites. [ more ]

therealdeal.com

6 days ago

Long Beach Ups Zoning So Linc Housing Can Build Affordable Units

Long Beach upgraded zoning to allow affordable housing in high resource areas. [ more ]

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Supreme Court: Builders Can Challenge California Impact Fees

U.S. Supreme Court allows challenges to impact fees on developers and builders in California, impacting housing affordability and local government budgets. [ more ]

Los Angeles Times

Builders may challenge California's development 'impact fees,' Supreme Court rules

Developers in California can challenge impact fees for public improvements, potentially leading to more affordable housing. [ more ]

therealdeal.com

Meet LA City Council Candidate Ysabel Jurado

Ysabel Jurado advocates for extending rent freeze on rent-stabilized apartments in Los Angeles.

Jurado aims to tie rent control increases to wages, expand public housing, and implement vacancy tax on empty properties. [ more ]

moreaffordable-housing

Los Angeles Times

16 hours ago

Wednesday's high school baseball and softball scores

Scores from various high school baseball games are listed. [ more ]

Los Angeles Times

1 day ago

Tuesday's high school baseball and softball scores

High school baseball scores from various matches. [ more ]

therealdeal.com

2 days ago

Abacus Pays $73M for Sherman Oaks Apartment Complex

Abacus Capital Group acquired a 236-unit residential complex in Sherman Oaks for $72.5 million. [ more ]

therealdeal.com

2 days ago

Spec Home Developer Lists Beverly Hills PO Manse at $29.5M

A spec home in Beverly Hills Post Office is listed for $29.5 million after being developed by Yosef Dangor. [ more ]

Los Angeles Times

2 days ago

Monday's high school baseball and softball scores

High school baseball game results. [ more ]

Los Angeles Times

4 days ago

Photos: Los Angeles Times Festival of Books

The Los Angeles Times Festival of Books offers diverse genres, authors, and interactive experiences for all ages. [ more ]

baseball

Los Angeles Times

4 days ago

Saturday's high school baseball and softball scores

The article provides a list of recent baseball and softball game results, showcasing scores from various matches. [ more ]

Los Angeles Times

5 days ago

Friday's high school baseball and softball scores

The article lists various baseball match results, indicating the teams involved and the scores. [ more ]

Los Angeles Times

Monday's high school baseball and softball scores

High school baseball and softball scores roundup. [ more ]

Los Angeles Times

Saturday's high school baseball and softball scores

High school baseball and softball scores from various matches. [ more ]

Los Angeles Times

Tuesday's high school baseball and softball scores

Wide range of baseball games with various scorelines.

Multiple schools with high-scoring victories. [ more ]

Los Angeles Times

Saturday's high school baseball and softball scores

A variety of baseball and softball games were played with multiple teams winning decisively.

The scores of the games showcase the competitive nature of high school sports and the talent displayed by the participating teams. [ more ]

morebaseball

therealdeal.com

6 days ago

Redcar Plans Mass Timber Office Building in Santa Monica

Redcar Properties upgrades office building design in Santa Monica. [ more ]

therealdeal.com

LA Spec Home Sells for $63M, Market's Priciest Deal of Year

The most expensive residential sale in Los Angeles County is a $62.8 million spec home in the Bird Streets. [ more ]

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Macerich Faces Imminent Default on Santa Monica Mall Loan

Macerich has an episode of deja vu, after a $300 million loan on its Santa Monica Place mall goes to special servicing the second time in two years.

therealdeal.com

Centurion to End Capital Lease With $100 Sale of OC Offices

Centurion Partners to sell five office buildings in Santa Ana for $100 at the end of a capital-lease deal. [ more ]

Los Angeles Times

Wednesday's high school baseball and softball scores

Scores from various high school baseball games. [ more ]

www.mercurynews.com

Sale closed in Los Gatos: $3.4 million for a four-bedroom home

Houses in Los Gatos have been selling at high prices per square foot recently. [ more ]

therealdeal.com

LA's Mayor Bass Asks the Wealthy to Pay for Homeless Housing

Mayor Karen Bass is urging rich residents and businesses in Los Angeles to donate money to provide housing for the homeless population. [ more ]

investment

therealdeal.com

Industrious Expands into LA's Westwood and Santa Monica

Industrious expands coworking spaces in Westwood and Santa Monica. [ more ]

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Pic N' Save CEO Wants to Buy 99 Cents Stores in SoCal

Executive Mark Miller is leading a group of investors to buy 143 defunct 99 Cents Only Stores in Southern California.

The plan involves temporarily closing stores for renovation and aiming to bring back the original treasure hunt shopping experience. [ more ]

therealdeal.com

Joshua Tree's Housing Boom Is Busted

Joshua Tree's housing market surged during the pandemic but has since declined significantly in value.

Investors who bought homes in Joshua Tree are facing challenges due to price reductions and prolonged selling times. [ more ]

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Lincoln Property Lands $65M Refi of West LA Office Campus

Lincoln Property secures a $65 million loan to refinance Wateridge campus in Ladera Heights.

The property includes office buildings, tenants like Kaiser Health Foundation, and mixed-use facilities such as a gym and retail center. [ more ]

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Brookfield to Buy 70 Acres in Irvine For Housing Project

Brookfield to buy 70 acres in Irvine for $654 million, plans 1,200+ homes. Last residential village in city.

Gateway Village to include 927 homes, with average size of 1,844 sq ft. Plans to start in 2026-2027, with proceeds paying for asphalt plant purchase. [ more ]

moreinvestment

therealdeal.com

Kanye West Cuts Price of Gutted Beach Home in Malibu to $39M

Kanye West reduced the price of his stripped, windowless Malibu beachfront house by $14 million to $39 million. [ more ]

Los Angeles Times

Tuesday's high school baseball and softball scores

High school baseball game results. [ more ]

www.mercurynews.com

Single family residence in Los Gatos sells for $5.3 million

The house on Twin Oaks Drive in Los Gatos, with four bedrooms and three baths, was sold for $5,300,000 in April 2024. [ more ]

therealdeal.com

Million-Dollar Cities in California Now Include Working-Class Towns

Working-class cities in California are now part of the million-dollar club as home values rise significantly. [ more ]

therealdeal.com

Lincoln Property Defaults on Newport Beach Office Loan

Lincoln Property Company defaulted on a $23.3 million loan for an office building in Newport Beach, reflecting changing market conditions. [ more ]

www.mercurynews.com

Hundreds of affordable homes are proposed near East Bay BART stop

FREMONT An affordable housing project that could produce hundreds of homes is being eyed on empty land near a BART station in Fremont, city documents show.

therealdeal.com

Amazon.com Leases Two 1M sf Warehouses in the Inland Empire

Amazon leases two 1 million square feet warehouses in the Inland Empire amid a weakening industrial market. [ more ]

real-estate-development

therealdeal.com

Jamison Clears Hurdle for Dual Apartment Towers in Koreatown

Jamison Services led by Jaime Lee is moving forward with constructing two 23-story apartment buildings in Koreatown, further shaping the real estate landscape of the area. [ more ]

therealdeal.com

TA Partners Seeks Bankruptcy on 452-Unit Playa Vista Project

TA Partners filed for bankruptcy after facing distress due to loan defaults.

The bankruptcy filing relates to a development site in Playa Vista where a residential complex was planned. [ more ]

therealdeal.com

REDA Residential Buys Culver City's Fox Hills Plaza for $49M

REDA Residential and an undisclosed investor purchased a shopping center for $49 million to redevelop into homes.

REDA Residential plans to potentially bring hundreds of residential units to the property. [ more ]

therealdeal.com

LA City Council to Vote on Sportsmen's Lodge Redevelopment

The historic Sportsmen's Lodge in Studio City may be replaced by 520 apartments.

The controversial project is favored by housing proponents. [ more ]

therealdeal.com

Former Santa Monica Mayor Campaigns to Amend Transfer Tax

Proposal to exclude multifamily properties from Measure GS for a vote in November elections.

Initiative aims to address unintended consequences of Measure GS on multifamily housing and rental market. [ more ]

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Developers Take Dour View of DTLA Office-Home Conversions

Empty office buildings in Downtown L.A. are not suitable for residential conversion due to lack of proper layouts and systems.

The success of previous office-to-home conversions was driven by historic tax credits and incentives, which are currently lacking. [ more ]

therealdeal.com

Norwalk Hatches Plan to Revamp Downtown With 3,000 Homes

Norwalk aiming to revamp historic downtown with new zoning to construct over 3,000 homes and 173,000 square feet commercial area in buildings up to five stories. [ more ]

therealdeal.com

Growing Inventory Fuels SoCal Home and Condo Sales

New inventory growth driving sales in Southern California housing markets. [ more ]

Los Angeles Times

Friday's high school baseball and softball scores

A long list of baseball and softball game results [ more ]

therealdeal.com

Cash Buyers Ratchet Up SoCal Home Prices to Record Highs

Home prices in Southern California have hit an all-time high due to wealthy buyers unaffected by high mortgage rates. [ more ]

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HOA at Ocean Towers in Santa Monica Stole $5.7M, State Says

A decade-long saga of fraud and manipulation unfolded at the Ocean Towers condo complex in Santa Monica, involving former HOA figures. [ more ]

therealdeal.com

Aflalo Equities Plan Apartments, Retail in Beverly Hills

Plans to develop four Beverly Hills properties for multifamily and retail spaces are underway by Aflalo Equities.

The projects involve partnerships, joint ventures, and financing arrangements with other companies for development in the neighborhood. [ more ]

therealdeal.com

Anaheim Ducks Owners Swap Offices for Homes Near Arena

The owners of the Anaheim Ducks are revising plans for a retail village by adding more homes and reducing the office space.

The OCVibe project, managed by the Samuelis, aims to transform the area surrounding the Honda Center arena into a bustling urban retail village. [ more ]

therealdeal.com

LA to Consider Ban for Criminal Checks on Housing Applicants

Landlords may be prohibited from using renters' criminal history for housing decisions.

Proposed fair chance housing ordinance aims to prevent discrimination based on criminal records. [ more ]

therealdeal.com

Stockdale Sues MJW Over Appraisal at Santa Monica Hotel

Stockdale Capital Partners is in a legal battle over Le Merigot hotel's ground value in Santa Monica.

The lawsuit alleges MJW Investments artificially inflated the property value for higher rents. [ more ]

therealdeal.com

Joel Schreiber Secures Loan Extension on LA Office Tower

Joel Schreiber successfully paid off $35 million on a $75 million loan to secure an extension.

Schreiber faced financial challenges but managed to negotiate deals to maintain ownership of Union Bank Plaza. [ more ]

therealdeal.com

California Banks Hold Spotlight for Outsized Property Debt

California banks have high exposure to troubled commercial real estate.

Regulators are monitoring lenders with high exposure to regions expecting significant price declines. [ more ]

Los Angeles Times

Wednesday's high school baseball and softball scores

Alemany 14, Loyola 4

Aliso Niguel 4, San Juan Hills 2

Alta Loma 3, Glendora 0

Anaheim 9, Magnolia 1

Anaheim Canyon 4, Esperanza 0

Animo Venice 18, Animo Robinson 4

Arroyo 11, Mountain View 0

Los Angeles Times

All-cash offers, wealthy buyers push Southern California home prices to a record

Southern California home prices hit record high in March 2022, despite high mortgage rates.

A combination of low inventory, wealth gap, and cash buyers contributes to the unaffordable housing market. [ more ]

therealdeal.com

Erewhon Owners Sell Malibu Mansion for $15.5 Million

therealdeal.com

Star Brokers Tomer Fridman and Sally Forster Jones Team Up

Tomer Fridman and Sally Forster Jones are merging their respective real estate groups to form Jones Fridman International in Beverly Hills.

The newly formed team has a combined $25 billion in sales and plans to open additional real estate offices domestically and internationally. [ more ]

therealdeal.com

Blackstone Gains 8,300 Units in California With AIR Deal

Blackstone acquires 8,300 apartments in California for $10 billion, marking its largest multifamily acquisition.

Deal includes 27,000 apartments across 10 states with 30% in California, part of AIR Communities' $3 billion valued portfolio. [ more ]

therealdeal.com

Alon Abady Buys Beverly Hills Home, Then Lists It for Rent

Alon Abady swiftly rented out a mansion he purchased within 48 hours to recoup the investment.

The mansion features luxurious amenities like a game room, movie theater, fitness studio, and infinity-edge pool. [ more ]

therealdeal.com

Douglas Elliman to Market Units at Century Plaza Hotel

therealdeal.com

Primestor Buys Oxnard Mall From DRA Advisors

DRA Advisors sold an outdoor mall in Oxnard for $90 million, slightly less than the purchase price in 2018.

Primestor Development acquired the Esplanade Shopping Center with value-add potential and a strong leasing status. [ more ]

therealdeal.com

Bargain Rent Markets Lose Advantage in Pricey California

The disparity in rental prices between high-cost and low-cost cities in California has decreased by 22% since 2017.

The shift in rental pricing trends is attributed to people moving away from expensive coastal cities to more affordable inland areas. [ more ]

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Court appeal claims voters were misled by Measure ULA

therealdeal.com

Legendary Development Wins Approval for LA Office Building

Legendary Development wins approval for 18-story office building in Downtown L.A.'s Arts District after denial of appeal.

The project will feature 308,000 square feet of offices, 8,100 square feet of ground-floor restaurants, and a 660-car garage, inspired by the Arts District's utilitarian style. [ more ]

SFGATE

Charlize Theron Adds a $3.3M Los Angeles Home to Her Stash of Gorgeous Real Estate

Charlize Theron purchased a Los Angeles mansion for her mother, showcasing her generosity and real estate prowess.

Theron has an impressive real estate portfolio with properties in Hollywood Hills and Studio City, demonstrating her eye for premium homes. [ more ]

therealdeal.com

Hackman Capital Revises Vision for LA's Television City

Hackman Capital Partners scales back $1.25 billion Television City redevelopment plans from 1 million to 980,000 square feet, reducing office tower and building heights.

Shift in office market due to remote work prompts revisions; new design architect Foster + Partners brought in for updated plans. [ more ]

therealdeal.com

FTC to Return Money to Opendoor's California Customers

Homeowners who sold to Opendoor Labs could receive refunds due to deceptive marketing tactics.

FTC settlement with Opendoor includes compensation for sellers and restrictions on deceptive claims. [ more ]

Los Angeles Times

Friday's high school baseball and softball scores

Baseball and softball scores from various high school games.

Numerous schools reported notable victories across different matchups. [ more ]

therealdeal.com

LA Housing Agency Pays $43M for 120 Apartments in South LA

Los Angeles Times

Thursday's high school baseball and softball scores

Local baseball game results showcase various team victories.

Scores reflect competitive matchups and decisive wins in multiple games. [ more ]

www.mercurynews.com

Sale closed in Los Gatos: $4.3 million for a four-bedroom home

The 3,536-square-foot house on Blossom Hill Road sold for $4,285,000 in 2024.

Various houses in Los Gatos have changed hands recently, with differing square footage and prices. [ more ]

therealdeal.com

Brookfield's Beaudry DTLA Comes With Exceptional Perks

Brookfield Properties' Beaudry DTLA apartment tower is offering significant concessions to attract tenants.

Luxury residential units in Downtown Los Angeles are still facing notable vacancy rates despite post-pandemic recovery efforts. [ more ]

therealdeal.com

LA Real Estate Financier Don Hankey Posts Trump Appeal Bond

Don Hankey, a real estate financier, posted a $175 million loan as an appeals bond for Donald Trump's legal judgment in New York.

Hankey clarified that his decision to post the bond for Trump was purely a business deal, not influenced by politics. [ more ]

Los Angeles Times

Wednesday's high school baseball and softball scores

Scores of various baseball games.

Winning teams and scores. [ more ]

Los Angeles Times

L.A. City Council backs 520-unit apartment complex at Sportsmen's Lodge site

The Los Angeles City Council approved the replacement of Sportsmen's Lodge with a 520-unit residential complex and mixed-use development.

The project includes 78 units for low-income tenants, commercial space, and a bike/pedestrian path, despite opposition over preservation, noise, and environmental concerns. [ more ]

therealdeal.com

Office Availability in Greater LA Market Hits Record 28%

Office availability hit an all-time high at 27.6%, driven by slower demand due to hybrid workplaces and negative office-using employment growth.

Despite a 45% rise in office leasing in metro L.A., renewals and expirations led the surge, as big tech and media companies cut office spending. [ more ]

therealdeal.com

EQT Exeter Spends $197M to Buy Inland Empire Industrial

EQT Exeter purchased a warehouse in Fontana for $197 million at $240 a square foot.

Investors are still actively investing in industrial properties despite the slowdown in leasing activity from the peak in 2021. [ more ]

therealdeal.com

Arnel Settles Allegation of Keeping Renter Security Deposits

Arnel Management settled for $1.2 million for illegally withholding security deposits

This is the second time Arnel has faced such allegations, with similar issues in 2001. [ more ]

Los Angeles Times

L.A. Metro's D Line hits a milestone: Tunneling is complete for expansion to the Westside

Tunneling operations for the 9-mile westward expansion of the Metro D Line are completed after five years, adding seven new stations and high-speed connections.

The extension project of the D Line, or Purple Line, is happening in three phases, with sections opening in 2025, 2026, and 2027. [ more ]

therealdeal.com

Kevin Sheehan Returns to JLL to Run Brokerage's LA Office

Kevin Sheehan appointed as Managing Director for JLL Los Angeles, focusing on institutional multifamily investment sales.

Significant executive changes within JLL and the commercial brokerage sector in recent months. [ more ]

therealdeal.com

Rexford Leases Simi Valley Warehouse to River Plate

River Plate leased a 136,000-square-foot warehouse in Simi Valley for $15.6 million.

Rexford Industrial Realty acquired 3 million square feet of industrial properties in SoCal for $1 billion, adding 7% to its portfolio. [ more ]

therealdeal.com

Michael Williamson Jumps From Sotheby's to AKG Christie's

Sotheby's International Realty has lost its regional manager for Southern California to AKG Christie's International Real Estate.

AKG Christie's is expanding its presence in Southern California by opening seven offices across different locations. [ more ]

therealdeal.com

JMB Gets $575M Loan for Century City Office Project

JMB Realty secured a $575 million construction loan for a 730,000-square-foot office tower in Century City.

Cale Street, backed by Kuwait Investment Office, provided the financing for the project. [ more ]

therealdeal.com

The State of Los Angeles Real Estate A Year Into Measure ULA

City of Los Angeles underestimated property owners' reaction to new transfer taxes, resulting in significantly lower revenue than expected.

The implementation of transfer taxes led to stalled commercial and residential sales, impacting the city's revenue stream and economic activity. [ more ]

therealdeal.com

Residential Brokers Discuss Sales After Measure ULA

Measure ULA impacting top 1% real estate sales

Concerns over buyers shifting focus to areas without transfer taxes

Hope for Measure ULA overturn through November ballot [ more ]

therealdeal.com

Greystar and Resmark Land $95M for Homes in Santa Clarita

therealdeal.com

4 weeks ago

Fab Factory Leases Production Studio in East Hollywood

Fab Factory Entertainment leased a 66,000-square-foot postproduction studio in East Hollywood.

The building, Fab Factory South, offers 11 studios, event space, and has signed subleases for In the Black Network and Lux Angeles Studios. [ more ]

therealdeal.com

4 weeks ago