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Month: July 2018

Santa Monica hotels refinance with $430M Morgan Stanley loan

Shutters on the Beach and Hotel Casa del Mar (Credit: Edward Thomasco) The owner of Santa Monica’s Hotel Casa del Mar and Shutters on the Beach closed a $430 million refinance deal for the posh lodges this week. Edward Thomas ...

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  • 13 Jul
  • The Real Deal
  • Uncategorized
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A group of LA investors paid over $1M for a ghost town— on Friday the 13th

Cerro Gordo, the “ghost town”. The sale of a 300-acre property in a historic “ghost town” outside of Los Angeles closed on Friday the 13th after a bidding war, with its new owners vowing to make it a lively hospitality destination. ...

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  • 13 Jul
  • The Real Deal
  • Uncategorized
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Yolanda’s Little Black Book revealed as former Compass finance manager

James McClain (Photo illustration by Erica Press for The Real Deal. Credit: Yolanda’s Little Black Book, Public Domain Pictures, PxHere, Pixabay) James McClain, a recently laid-off finance manager at Compass, has been outed as the ...

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  • 13 Jul
  • The Real Deal
  • Uncategorized
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Wendy Silverstein is planning to join WeWork: report

Wendy Silverstein and WeWork’s Adam Neumann (Credit: Sasha Maslov) Wendy Silverstein is in talks to take a senior position at WeWork, according to a new report. The CEO of New York REIT will leave her current company and step down from ...

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  • 13 Jul
  • The Real Deal
  • Uncategorized
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Bento Box Entertainment renews 27K sf lease in North Hollywood

CEO Scott Greenberg The animation studio behind “Bob’s Burgers” is staying put in North Hollywood. Bento Box Entertainment signed a five-year, 27,300-square-foot lease renewal at an office building at 5161 Lankershim Boulevard. The ...

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  • 12 Jul
  • The Real Deal
  • Uncategorized
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County officials at impasse on fate of Centennial’s sprawling Tejon Ranch

Tejon Ranch, with Tejon Ranch Co. CEO Gregory Bielli Since it was first envisioned nearly two decades ago, a sprawling 12,000-acre master planned community in the undeveloped Tejon Ranch has been a prime target for environmentalists ...

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  • 11 Jul
  • The Real Deal
  • Uncategorized
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Hines, Oaktree acquire office complex for $115M in hot Brea commercial market

The Beckman Coulter Campus (Credit: Hines) The pace of commercial trades in the Brea submarket continues to accelerate. Hines and Oaktree Capital closed the largest real estate deal of the year in the Orange County city, buying the ...

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  • 11 Jul
  • The Real Deal
  • Uncategorized
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On the waterfront, prices are dropping

2458 National Drive in Brooklyn and an illustration of a person on beach chair It might be difficult to fathom, but the price of living next to a body of water is becoming more affordable, a new report has found. Since 2012, when ...

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  • 11 Jul
  • The Real Deal
  • Uncategorized
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Jamison sued over alleged rat and cockroach infestation at Westlake multifamily

Jaime Lee and 600 S. Alvarado Street/224 W. 6th Street Tenants at a Westlake property say landlord Jamison Services failed to contain a pervasive infestation of rats, bedbugs and cockroaches. The tenants of four units at 600 S. ...

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  • 11 Jul
  • The Real Deal
  • Uncategorized
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WATCH: These are the 5 wealthiest people in US real estate

 Money comes and money goes, but who wouldn’t want a little more of it? For most of us, the grass is always greener. When it comes to the world’s wealthiest, the grass is fortunately very green. That being said, The Real Deal took a ...

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  • 11 Jul
  • The Real Deal
  • Uncategorized
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