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Month: June 2018

Nearly one-third of American households are cost-burdened: report

(Credit: Getty Images and Wikipedia) Nearly 40 million American households were cost-burdened in 2016, meaning that they spent more than 30 percent of their incomes on housing, according to a new report. Though that represents a ...

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  • 19 Jun
  • The Real Deal
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CIM Group’s plan for 78-key hotel is latest project West Adams

2545 S. Mansfield Avenue and CIM Principal Shaul Kuba CIM Group is bullish on the West Adams corridor. A couple of months after securing a construction permit for a live/work complex on South Western Avenue, the private equity fund is ...

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  • 19 Jun
  • The Real Deal
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New York-based Madison Realty Capital opens office in LA

Madison Realty’s Josh Zegen, with Westwood Gateway Madison Realty Capital, a New York City-based developer and private lender, is expanding to the West Coast with an office in Los Angeles. The firm opened an office at the Westwood ...

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  • 19 Jun
  • The Real Deal
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Advertising firm signs 42k sf lease at Jamison’s Harbor Building

Advertising CEO David Stern and the property Another entertainment firm is moving into the recently renovated Harbor Building. Create Advertising, an entertainment ad agency, has signed a deal to occupy 42,000 square feet at the ...

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  • 19 Jun
  • The Real Deal
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David Neman planning 80-unit resi project in Palms amid multifamily boomlet

10150 W. Venice Boulevard in Palms The Culver City corridor is attracting tech firms like wildfire and they’re bringing multifamily investment with them. Developer David Neman wants to build a six-story rental project at 10150 Venice ...

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  • 19 Jun
  • The Real Deal
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Circa opens for leasing with $24K penthouses

Hankey Investment Company president Scott Hankey in a Circa model kitchen at its leasing office and a photo of Circa’s LED screens (Credit: Hunter Kerhart and StandardVision, LLC) Apartments at South Park’s $500 million Circa ...

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  • 19 Jun
  • The Real Deal
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Geoff Palmer secures $159M refi on 752-unit complex in Santa Clarita

Geoff Palmer, with Colony Townhomes (Credit: Getty Images, Brower Group) Multifamily developer Geoff Palmer has secured a $158.8 million refinanced loan on his Colony Townhomes apartment complex in Santa Clarita, according to a company ...

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  • 18 Jun
  • The Real Deal
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Amid exodus to El Segundo, LAT will maintain outpost in DTLA: sources

Dr. Patrick Soon-Shiong, with the famous Last Bookstore at 453 S. Spring Street (Credit: Wikimedia Commons, LastBookstoreLa.com) With a historic move of its headquarters to the South Bay just weeks away, the Los Angeles Times is ...

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  • 18 Jun
  • The Real Deal
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Santa Monica prevails over Airbnb in court

Santa Monica Pier and Airbnb CEO Brian Chesky The City of Santa Monica won a big victory in U.S. District Court on Thursday over persistent adversary Airbnb. Judge Otis D. Wright II dismissed Airbnb’s challenge to Santa Monica’s ...

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  • 18 Jun
  • The Real Deal
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John Aaroe returns from “retirement” for second time

John Aaroe, Pacific Union Apparently, nine months was a long enough vacation for John Aaroe. The eponymous founder of the now-renamed John Aaroe Group is abandoning retirement plans and returning to Pacific Union International in a ...

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  • 18 Jun
  • The Real Deal
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