Month: March 2018

Spring has arrived and soon our The Real Deal L.A.’s second issue of the quarter issue will, too! April’s stories include a ranking of the the top luxury brokers in L.A. County, an exploration of what various real estate jobs pay in today’s market and why, a look at how LA’s biggest retail projects are…

Rendering of the creative office project 1370 N. St. Andrews Place The City of Los Angeles has given the greenlight to two Chicago developers to start construction on an East Hollywood office campus conversion. A master permit for the entire project has yet to be issued, according to records. Pending that permit, Chicago developers Klaff…

Part of the LAWA redevelopment site seen from the end of Rayford Drive, looking south toward LAX New office stock could be on its way to a blighted area north of Los Angeles International Airport. The Los Angeles World Airports, which owns LAX, is reaching out for redevelopment ideas for 93 acres of undeveloped land,…

Brett White and 1290 Sixth Avenue (Credit: Cushman & Wakefield and Vornado) Cushman & Wakefield is moving forward with its long-rumored plans to go public. The global commercial brokerage is interviewing advisers to help the company prepare for an initial public offering, sources familiar with the matter told Bloomberg News. Cushman could have an IPO…

3240 Wilshire Boulevard Harridge Development Group is seeking a financial incentive package from Los Angeles for the construction of its planned hotel and 555-unit apartment complex in Koreatown. In 2016, the L.A.-based developer acquired the Wilshire Galleria shopping mall in Koreatown for $49 million, with plans to build the mixed-use project there, according to Urbanize,…

Ric Clark, Sandeep Mathrani and the Staten Island Mall (Credit: Brookfield, Getty Images and GGP) What a difference 104 days makes. When Europe’s largest publicly traded mall landlord agreed to pay $15.7 billion in December to acquire Westfield Corp., many industry observers heralded the deal as reason to think brighter days were ahead for the…

2777 N. Ontario Street in Burbank (Credit: Colliers) SSV Properties has inked a lease at one of its Burbank office properties with EIKON Group, a post-production company that worked on films like “Blade Runner 2049” and “Spider-Man: Homecoming.” EIKON Group agreed to the 20,000-square-foot lease with an initial 10-year term worth $8.1 million at 2777…

Renderings of Melrose Triangle project, executives Mark and Arman Gabay (Credit: Charles Co.) The Charles Co. has finally begun work on a mixed-use project at 9060 Santa Monica Boulevard in West Hollywood, after having stalled for several years. Once built, the Melrose Triangle will be a new buildings with 76 apartments. About 20 percent of…

Sunset Plaza apartments in West Covina   Goldrich & Kest Industries acquired a 182-unit residential complex in West Covina, expanding its portfolio in the Los Angeles region. The Culver City-based real estate firm paid $44.8 million for the property from Chicago-based Waterton Associates. The Sunset Plaza apartment complex, at 1234 W. Cameron Ave., is spread…

Penthouse 21 at Trump Park Avenue (502 Park Avenue) The Saudi prince whom the Trump Organization sued last month for falling behind on rent says he turned over control of the luxury apartment at Trump Park Avenue back in December. Bloomberg reported that Faisal bin Abdul Majeed al-Saud asked a Manhattan judge this week to…