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Month: May 2018

LAFC inks 25K sf lease Downtown

818 W. 7th Street and Goodwin Gaw The Los Angeles Football Club has made its biggest signing of the year and it’s not for a star striker or goalie. The Major League Soccer franchise signed a 25,000-square-foot lease at Downtown ...

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  • 15 May
  • The Real Deal
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Executive trade: Former home of Paramount Chairman Brad Grey sells to private equity head for $69M

Brad Grey, Bruce Karsh and the Holmby Hills estate (Credit: IMDB, Zillow) A private equity executive purchased a Holmby Hills estate which was owned by former movie studio executive Brad Grey for $68.8 million. Bruce Karsh, co-founder ...

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  • 15 May
  • The Real Deal
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Benedict Canyon JV sells Downey apartment complex for $38M

The Parc@5 complex at 1940 Brookshire Avenue and Benedict Canyon President and CEO Ryan Somers An LLC operating under the name Parc@5 Downey purchased an apartment complex in Downey for $37.5 million from a joint venture of Benedict ...

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  • 15 May
  • The Real Deal
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Malibu couple is seeking $58M for their mansion, found inside a cliff

Malibu (Credit: Pixabay, Public Domain Files) A Malibu home built into a cliffside hit the market seeking $57.5 million. Located just steps from the Pacific Ocean, the home has four bedrooms and four bathrooms. It’s named “Il Pelicano” ...

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  • 15 May
  • The Real Deal
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Construction pros talk tension between union, nonunion labor at TRD forum

From left: Hiten Samtani, John Banks, Gary LaBarbera, Jay Badame and Lou Colleti (Credit: Jhila Farzaneh for The Real Deal) Although nonunion labor continues to encroach on the New York market, the fight between unions and Related ...

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  • 15 May
  • The Real Deal
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Could Garcetti’s emergency homeless shelter impact Koreatown’s rebound?

Homeless encampments in Los Angeles (Credit: Getty Images) A proposed homeless shelter is threatening to upend Koreatown’s development momentum. As far back as 2013, when office landlord-turned-residential developer Jamison leased the ...

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  • 15 May
  • The Real Deal
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“It was definitely the last option”: Heiberger breaks down Town’s downfall at TRD forum

Amir Korangy and Andrew Heiberger (Credit: Jhila Farzaneh for The Real Deal) On the evening of April 18, Andrew Heiberger was staring hard at Town Residential’s first-quarter results. The numbers glaring back at him were “way off” and ...

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  • 14 May
  • The Real Deal
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CalSTRS bets $300M on real estate with longtime partner, Divco

Divco CEO Stuart Shiff and Waters Edge California’s massive teachers pension fund is pumping $300 million into commercial real estate, with a focus on the tech sector. The California State Teachers’ Retirement System is starting the ...

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  • 14 May
  • The Real Deal
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Beverly Park manse sells for $25 million

Miryam & Bob Knutson with Beverly Park (Credit: Yolanda’s Little Black Book) A 14,000-square-foot Beverly Park manse with potential ties to one of the most corrupt leaders of the 20th century has changed hands. The Tuscan-style ...

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  • 14 May
  • The Real Deal
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LeBron James, Arnold Schwarzenegger are investors in Georgetown and Bill Ackman’s Far West Side office building

From left: LeBron James, Arnold Schwarzenegger and 787 Eleventh Avenue A group of celebrities including LeBron James and Arnold Schwarzenegger has invested in Georgetown Company and Bill Ackman’s Hell’s Kitchen office building. ...

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  • 14 May
  • The Real Deal
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