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Month: May 2018

Market ‘healthy’ after wildfires

The Skirball fire burns on Linda Flora Drive in Bel Air. Drivers on the 405 Freeway were met with an apocalyptic scene on Dec. 6, when flames engulfed the surrounding hillsides, threatening the nearby Getty Museum. Social media ...

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  • 03 May
  • The Real Deal
  • Uncategorized
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A group of investors is in contract to buy New York’s iconic Plaza Hotel

Subrata Roy, Shahal Khan and the Plaza Hotel A group of investors including Shahal Khan’s Chimera Group and the Hakim Organization is in hard contract to buy the Plaza Hotel from Subrata Roy’s Sahara Group for about $600 million, The ...

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  • 03 May
  • The Real Deal
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Industrial is booming and Hackman Capital is buying, in El Segundo

401 Coral Circle and Hackman Capital CEO Michael Hackman El Segundo is trying to reinvent itself as a tech-friendly business hub, but it’s bread and butter remains industrial real estate. And with that sector continuing to experience ...

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  • 03 May
  • The Real Deal
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Bell Partners scoops up Pasadena multifamily from Hines

The former Ellington building, now the Bell Pasadena, at 3330 N. Foothills Boulevard Bell Partners has acquired and promptly renamed a 212-unit Pasadena apartment complex, the firm announced this week. The four-story building is ...

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  • 03 May
  • The Real Deal
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Amid list of projects in the Warner Center, add plans for a mixed-use complex

6330 N. Variel Avenue (Credit: Google Maps) Add another project to the growing list in the Warner Center, this one a mixed-use complex on Variel Avenue in the Woodland Hills neighborhood. Acting through an entity called Variel Court ...

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  • 02 May
  • The Real Deal
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Secret listings soar

The year was 2016. The billionaire was Len Blavatnik. And the house was the Wildenstein mansion, a 20,000-square-foot property at 19 East 64th Street. After a handshake deal, Blavatnik thought the house was his — until heirs to the art ...

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  • 02 May
  • The Real Deal
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Fed leaves interest rates under 1.75 percent following May meeting

Federal Reserve Building (Credit: Wikimedia Commons) The Federal Reserve offered no surprises this month. The country’s central bank held target interest rates steady at between 1.5 and 1.75 percent but said nothing to indicate it ...

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  • 02 May
  • The Real Deal
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Home-sharing ordinance gets thumbs-up from LA City Council

LA City Hall (Credit: Wikimedia Commons) Los Angeles took one step closer towards home-sharing regulations on Wednesday. The City Council unanimously approved a draft ordinance to limit home-sharing in the city to four months a year, ...

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  • 02 May
  • The Real Deal
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These are LA’s biggest construction lenders

Bank of the Ozarks issued a $205 million construction loan to the hotel-condo project Sunset Time in West Hollywood. In Los Angeles as of late, it seems the cash spigots have been turned on for several large-scale developments. Huge ...

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  • 02 May
  • The Real Deal
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Save the date for The Real Deal’s DTLA Spotlight this June

Mark your calendars for The Real Deal Los Angeles’ DTLA Spotlight Showcase and Forum to be held at One Cal on Wednesday, June 13 from 1:30 to 6 p.m. Following the outstanding success of our Westside Spotlight, TRD’s next event will ...

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  • 02 May
  • The Real Deal
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