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Month: May 2018

Join us for our DTLA Spotlight on June 13

Be sure to register for The Real Deal’s DTLA Spotlight Showcase and Forum to be held at One Cal on Wednesday, June 13 from 1:30 to 6 p.m. We’ll take a critical dive into DTLA development across both commercial and residential in the ...

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  • 17 May
  • The Real Deal
  • Uncategorized
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Jordanian billionaire lists Holmby Hills estate for $70M

Hasan Ismaik and his mansion (Credit: Wikipedia, MLS) A Jordanian billionaire has listed his Holmby Hills estate along one of Los Angeles’ most exclusive streets for $70 million. The 10-bedroom spread, dubbed il Magione, is the home of ...

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  • 17 May
  • The Real Deal
  • Uncategorized
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A Sycamore grows in Santa Monica — actually 2 — killing any development plans

The sycamore trees at 1122 California Avenue are there to stay The treehuggers of Santa Monica have won, although they’ll have to ask permission to embrace the two sycamores they just saved. After a six-month debate, the Santa Monica ...

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  • 16 May
  • The Real Deal
  • Uncategorized
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DKN Hotels plans 158-key project in Encino, adding to LA portfolio

The Sherman Hotel at 15485 W. Ventura Boulevard The Sherman Hotel’s days are numbered. The aging Encino motel, built in 1959, will be demolished as its Irvine-based owner makes plans for a project twice its size. DKN Hotels filed plans ...

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  • 16 May
  • The Real Deal
  • Uncategorized
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Beverly Hills mansion once owned by Danny DeVito & Rhea Perlman, on market for $85M

Danny Devito and the home he once owned with Rhea Pearlman After undergoing a massive remodeling that included doubling its square footage, a Beverly Hills estate once owned by the actors Danny DeVito and Rhea Perlman is on the block ...

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  • 16 May
  • The Real Deal
  • Uncategorized
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Ventura multifamily records $100M sale

The Capes at Ventura complex at 760 S. Hill Road and Universe Holdings Chairman and CEO Henry Manoucheri UPDATED, May 16, 2:57 p.m.: A 400-unit apartment complex in the city of Ventura changed hands for $100 million, the highest price ...

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  • 16 May
  • The Real Deal
  • Uncategorized
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Mortgage bonds are getting riskier

It may not be time to panic yet, but investors are starting to buy riskier mortgage bonds. Homeowners whose mortgages get packaged into so-called credit risk transfer securities (CRTs) have lower credit scores and higher debt levels ...

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  • 16 May
  • The Real Deal
  • Uncategorized
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Playboy leaving the Hills for Westwood

109560 Wilshire Boulevard (Credit: Pixabay) After the death of founder Hugh Hefner, Playboy is pulling up stakes from Beverly Hills, amid a shakeup in its business model that could see the end of its print magazine. Playboy ...

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  • 16 May
  • The Real Deal
  • Uncategorized
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New kids on the block: A look at LA’s next tier of luxury brokers

Top row from left: Kevin Dees, Ignacio Rodriguez, John Kostrey, Mark Kitching, Darlene Hutton and Bryce Pennel.Bottom row from left: Jason Hastings, Henriett Novak, Ryan Jancula, Donovan Healey, Mick Partridge and Justin Alexander. At ...

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  • 16 May
  • The Real Deal
  • Uncategorized
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Teenagers, demons, and feng shui, oh my!

Jade Mills (Credit: Photo of Mills by Adam Southard, _TC Photography_ via Flickr, Wikimedia Commons, Max Pixel) A rebellious teen afraid of losing his childhood home, a superstitious tenant, and a picky feng shui master. A Wall Street ...

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  • 15 May
  • The Real Deal
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