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Month: May 2018

HNA sells San Fran office tower to Northwood Investors for $300M

From left 123 Mission Street, San Francisco; HNA Group North America president Daniel Chen. (Credit: Minesweeper/Wikimedia Commons; courtesy HNA Group North America) From TRD New York: The latest property to change hands in HNA Group’s ...

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  • 27 May
  • The Real Deal
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Hollister Ranch poised to give boat-only public access in designated area

(Credit: Pixabay, Max Pixel) Beach access is coming under fire again and, this time, the waves of controversy caught coastal advocates off-guard. In the decades-long battle for public access to Hollister Ranch, a secluded 8.5 mile ...

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  • 27 May
  • The Real Deal
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Ever wondered who used to live in your house? Here’s one way to find out

(Credit from back: Maia Valenzuela, Pixabay) David Silverman spends his time tracking down the minutiae of Los Angeles residences for modern-day billionaires curious about their historic homes. “I essentially print one copy of the book ...

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  • 26 May
  • The Real Deal
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Tower Records building back on the market amid Gibson bankruptcy

Tower Records and Adherence Capital Management founder Steven Johnson (Credit: Wikimedia Commons) Another bankruptcy puts the future of the Tower Records store in West Hollywood in doubt once again. The instrument maker Gibson has ...

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  • 26 May
  • The Real Deal
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Existing home sales in US fell in April

(Credit: Getty Images) The number of sales of previously owned homes in the country dropped in April thanks to factors including low inventory, rising prices and higher mortgage rates. The National Association of Realtors found that ...

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  • 25 May
  • The Real Deal
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Six-story multifamily project slated for West LA gas station

BLT Enterprises Executive Vice President Daniel Rosenthal and 11261 Santa Monica Boulevard BLT Enterprises is bringing the bacon to West Los Angeles. The Santa Monica-based developer wants to build a 119-unit project at 11261 Santa ...

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  • 25 May
  • The Real Deal
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A conversation with Kimco Realty’s David Jamieson

Life Time fitness center in Ardmore, Pennsylvania and David Jamieson of Kimco Realty The stock market hasn’t been kind to REITs lately, and open-air shopping center operator Kimco Realty is no exception. Shares have fallen about 36 ...

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  • 25 May
  • The Real Deal
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$40M is the new $4M in LA’s luxury residential market

(Credit: Pixabay) When Hard Rock Café founder Peter Morton sold his beachfront Malibu mansion for $110 million last month, it was the first nine-digit home sale in Los Angeles in over two years. But it wasn’t a complete outlier. So far ...

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  • 25 May
  • The Real Deal
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Fuller Theological Seminary’s 13-acre campus in Pasadena hits the market

Fuller Theological campus in Pasadena (Credit: CBRE) Fuller Theological Seminary is putting its 13-acre Pasadena campus on the market as it prepares to relocate to Pomona. Fuller is leaving its home on Oakland Avenue after 70 years. ...

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  • 24 May
  • The Real Deal
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Jamison to convert Koreatown office tower to residential complex

3255 Wilshire Blvd and Jamison Services CEO Jaime Lee Jamison Services is not slowing down in multifamily development in Koreatown. Jamison is now planning to convert a 17-story office tower to a 240-unit rental project at 3255 W. ...

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  • 24 May
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