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Month: February 2018

This joint venture is pouring $400M into the U.S. industrial market

Bixby’s Mike Severson and 1400 Allec Street (Credit: Bixby) Newport Beach-based Bixby Land Company is leading a joint venture to acquire up to $400 million in industrial properties in California and four other states. It was not known ...

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  • 21 Feb
  • The Real Deal
  • Uncategorized
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Los Angeles County’s top 5 retail investment sales of January

“The Stater Bros. supermarket at West Covina Village Community Shopping Center” (Credit: LoopNet) The five biggest retail investment sales in Los Angeles County last month totaled just under $125 million, according to property records ...

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  • 21 Feb
  • The Real Deal
  • Uncategorized
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Pacific Union hires away 16 brokers from Keller Williams

Regina Vannicola and Pacific Union’s Santa Monica office at 1730 Ocean Park Boulevard (Credit: Pacific Union) Pacific Union has hired away 16 agents from three teams at competing brokerage Keller Williams, showing its clout following ...

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  • 20 Feb
  • The Real Deal
  • Uncategorized
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Mexican real estate investors focus on South Florida amid heated presidential race

From left: Rodrigo Azpurua, Veronica Cervera Goeseke, Diego Arnaud (Credit: Wikimedia Commons) In the last two months, Diego Arnaud of Aventura-based DA Luxury Realty has spotted a noticeable increase in sales activity among his ...

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  • 20 Feb
  • The Real Deal
  • Uncategorized
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Daryl Katz pays $85M for Kurt Rappaport’s Malibu estate

Daryl Katz and the Malibu home (Credit: Wikimedia Commons) It took awhile, but billionaire Daryl Katz has finally closed on Kurt Rappaport’s massive estate, paying $85 million plus another $21 million for the artwork and furniture. ...

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  • 20 Feb
  • The Real Deal
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Check out the full roster of panelists for The Real Deal’s Westside Spotlight on March 7

The Real Deal is pleased to announce a full line-up of panelists for our Westside Spotlight Showcase and Forum on March 7 at The Water Garden in Santa Monica. Real estate’s biggest local players will explore the Westside market in two ...

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  • 20 Feb
  • The Real Deal
  • Uncategorized
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TruAmerica pays $91M for Huntington Beach apartment complex

The property with TruAmerica’s CEO Robert Hart (Credit: TruAmerica) TruAmerica Multifamily, a value-add investment firm, has acquired a 264-unit apartment in Huntington Beach for $90.5 million, adding to the company’s growing Los ...

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  • 20 Feb
  • The Real Deal
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Elevators of the future: Companies race to create go-to technology for supertalls

Shanghai Tower and its elevator (Credit: Mitsubishi Electric) As supertalls continue to sprout up in the city’s skyline, elevator companies are racing to come up with the future of vertical transportation. In the next two years, ...

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  • 20 Feb
  • The Real Deal
  • Uncategorized
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Physicians band together to reopen Chinatown hospital as urgent care facility

531 W. College St. (Credit: Google Maps) When Pacific Alliance Medical Center announced in October that its Chinatown location would be closing, residents in the surrounding community expressed concern over losing the neighborhood’s ...

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  • 20 Feb
  • The Real Deal
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Developer clears key hurdle for 53-unit apartment in Rampart Village

The new 53-unit apartment will replace these two existing buildings on South Rampart Boulevard. (Credit: Google Maps) The Department of City Planning has approved a 53-unit apartment to rise in Rampart Village, with eight of the units ...

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  • 20 Feb
  • The Real Deal
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