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Month: March 2018

South LA housing development would rise near future Crenshaw/LAX Line

4252 – 4272 S. Crenshaw Boulevard in South Los Angeles The Metro Crenshaw/LAX Line hasn’t even been built yet, but already one developer is hoping to benefit from the future transit hub. An LLC has filed plans to build a 111-unit ...

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  • 14 Mar
  • The Real Deal
  • Uncategorized
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Ben Carson picked the $31K table he claimed not to know about, emails show

Ben Carson (Credit: Getty Images) When news broke last month that the Department of Housing and Urban Development had ordered a $31,000 dining set for Secretary Ben Carson’s office, his defense was that he didn’t know about the ...

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  • 14 Mar
  • The Real Deal
  • Uncategorized
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Real estate moguls host Trump fundraiser at Beverly Park manse

Ed Glazer and Donald Trump, with the Beverly Park gated neighborhood (Credit: buccaneers.com, Wikimedia Commons) President Trump might not be much of an Angeleno favorite, but as he descends on the city for a lavish fundraiser, he can ...

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  • 13 Mar
  • The Real Deal
  • Uncategorized
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Blackstone buys stake in Rockpoint

From left: Jonathan Gray and Rockpoint’s Bill Walton An investment fund controlled by Blackstone Group bought a passive, minority stake in Rockpoint Group, the company announced Tuesday. Terms of the deal weren’t publicized. The ...

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  • 13 Mar
  • The Real Deal
  • Uncategorized
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SoCal homeowners love to build in fire-prone areas: report

A wildfire burns in California (credit: Getty Images) If there’s any lesson to be learned from the latest wildfires, it’s that Mother Nature does not care what stands in her way. Evidently, homebuilders haven’t gotten the message. New ...

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  • 13 Mar
  • The Real Deal
  • Uncategorized
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Discount brokerage Purplebricks slapped on wrist for misleading ads

Purplebricks, the rapidly-growing flat-fee brokerage, has been slapped on the wrist by an Australian consumer agency over misleading advertising that promises “low, fixed fees.” The U.K.-based company, which launched in the U.S. six ...

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  • 13 Mar
  • The Real Deal
  • Uncategorized
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Dual-branded hotel going up and up near SpaceX

Renderings of the Hawthorne project (Credit: Guerdon-Modular-Buildings) SpaceX HQ is starting to attract attention in Hawthorne. Developers continue building near Elon Musk’s rocket and spacecraft company, with the latest plan ...

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  • 13 Mar
  • The Real Deal
  • Uncategorized
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Adam Levine drops $36M for Beverly Hills mansion

Adam Levine and Pete Sampras (Credit: Wikimedia Commons) Maroon 5 frontman Adam Levine picked up a Tudor-style manse in Beverly Hills for $35.5 million. The new pad is 12,000 square feet with seven bedrooms, eight bathrooms, a ...

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  • 13 Mar
  • The Real Deal
  • Uncategorized
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HQ Creative makes an office play in Santa Monica

Robert Herscu and 1522 Second St. HQ Creative Office is making a play for the beach. The local developer paid $13.3 million, or $864 per square foot, to acquire the ivy-covered building at 1522 Second Street in Downtown Santa Monica. ...

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  • 13 Mar
  • The Real Deal
  • Uncategorized
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Amid bankruptcy, Woodbridge Group seeks broker to sell entire L.A. portfolio

Bob Shapiro with the Owlwood Estate (Credit: Getty Images) The now-bankrupt luxury real estate developer Woodbridge Group of Companies is searching for a broker to help unload its entire Los Angeles portfolio. The firm has been ...

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  • 13 Mar
  • The Real Deal
  • Uncategorized
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