Month: March 2018

Best Buy Clarion Partners has acquired the Gateway Towne Center shopping center in Compton for $86 million, closing on a property that had been developed after the city’s failed attempt to open a large auto plaza. The New York-based real estate investment manager purchased the 281,000-square foot complex from Costa Mesa-based Prism Realty, which built…

The Bloc, KPFF President John Gavan The engineering firm KPFF is expanding its presence at the Bloc. The Seattle-based firm has inked a deal to occupy another 24,000 square feet of office space at Ratkovich Co.’s long-awaited mega complex at 700 S. Flower Street in Downtown, the Los Angeles Business Journal reported. KPFF’s civil engineering division…

Barbara Liberatore Black’s rise to managing director of JLL’s South Florida office was not an easy one. Currently the only female executive in her office, Black was also one of the first women in commercial real estate in Miami. She got her start doing tenant representation for Julien J. Studley Inc., the precursor to Savills…

Greystar exec Bob Faith and the Pacific Court Apartments (Credit: Greystar, Google Maps) Greystar Real Estate Partners acquired a 211-unit apartment complex in Long Beach, with extensive upgrades on the property planned. The Pacific Court Apartments also includes 35,000 square feet of retail, a 400-vehicle underground parking garage, a fitness center, dog wash, business center,…

David Santee (Credit: Chicago Police Department) A Cook County prosecutor said Equity Residential COO David Santee brought a loaded handgun to a TSA checkpoint at O’Hare International Airport and was arrested early Friday morning. Santee said little during his bond hearing over the weekend at the Leighton Criminal Court Building, according to the Chicago Tribune.…

From left: Hollywood Sign, Rose McGowan, Harvey Weinstein. (Credit: Thomas Wolf/Wikimedia Commons CC BY-SA 3.0; Twitter; David Shankbone) Rose McGowan’s legal fight against Harvey Weinstein prompted the sale of her LA home, which just closed for $1.93 million. The four-bedroom house was almost 3,000 square feet and had an open-concept layout, an outdoor terrace also…

Joel Silver and Tyra Banks’ homes (Credit: Mark Singer Architects, Realtor, Wikimedia Commons) “Die Hard” and “Matrix” producer Joel Silver is selling his Malibu mansion for $40 million, the Los Angeles Times reported. Silver previously offered the home for $57.5 million in 2016. The house has five bedrooms and six bathrooms. It also has a…

Laurel Starks and Pomona California If love is a battlefield then divorce is the grim aftermath. And when real estate brokers approach that emotional war zone, they should be ready. Enter Claremont-based Divorce Real Estate Institute, which on Friday announced its first graduating class of “certified divorce real estate experts.” The graduate’s went through the…

The Garland Building at 740 South Broadway The owner of the century-old Garland Building in Downtown Los Angeles has ditched plans for a residential conversion of the 11-story structure, which used to house the Globe Theater. Instead, city records show the building at 740 South Broadway will be turned into office space, Urbanize reported. Permits…

The Stradella property (Credit: Zillow, Pixabay, Wikimedia Commons) Jeffrey Yohai may be the most famous house party scofflaw in Los Angeles. This week, an L.A. Superior Court judge issued a temporary injunction against Yohai, a real estate investor who also happens to be Paul Manafort’s former son-in-law and occasional real estate partner, ordering he stop…