Month: August 2018

City Attorney Mike Feuer and the complex The owners of a multifamily apartment complex in Van Nuys have agreed to stop hiking up rents for low-income tenants, putting an end to a year-long legal dispute. As part of the settlement, the owners of the San Regis Apartment Complex on Sherman Way will maintain rents at…

Chris Paul and the mansion (Credit: Crisnet, Keith Allison via Flickr) Chris Paul has scored a slam dunk in Calabasas. The NBA All-Star sold his mansion for $11.05 million, registering the highest price paid for a single-family home in the ritzy neighborhood this year, the Los Angeles Times reported. Spanning about 10,400 square feet, the…

Brookfield Ventures head Josh Raffaelli, Latch CEO Luke Schoenfelder, and Greenpoint Landing (Credit: Brookfield Properties) Smart lock maker Latch has raised $70 million in a Series B funding round, which was led by Brookfield Ventures. Besides its hefty contribution to the funding fund, Brookfield — through Brookfield Properties — will install Latch’s entry systems at…

Rendering of ICON at Panorama City and Icon Co CEO Billy Ruvelson Icon Co. is now one step closer to achieving the long-awaited redevelopment of the Montgomery Ward in Panorama City. A City Council committee rejected an appeal brought against the project, instead opting to recommend the newly revised $150 million project for final approval, the…

Jonas Heller’s mugshot and a community service image (Credit: Public Domain Images, Wikimedia Commons) Jonas Heller, a former Agency agent caught driving with two duffel bags of marijuana in Colorado, will not be serving any jail time in the near future. On Monday, a Colorado district court judge handed the Venice resident a “deferred sentence”…

(Credit: iStock) The retail sector may be bouncing back. In the face of challenges, companies like Walmart, Target, Nordstrom and Best Buy have expanded their services. And it appears to be paying off: Walmart reported its best quarterly sales gain in a decade, while Target saw the biggest jump in 13 years, according to Bloomberg.…

A Sears store in Meriden, Connecticut (Credit: Mike Mozart via Flickr) The bleeding hasn’t stopped at Sears Holdings Corporation. The once-ubiquitous big-box retailer said it will close another 46 Sears and Kmart stores around the country in November, according to CNBC. The locations include those in Los Angeles, in Miami, and in Long Island, New…

From left: Joe Howard, Eric Casper, Jordan Pyle, Ray Melencio, Tony Mattar, and Zach Koran Here’s one thing hotter than the Chicago industrial market: The first swimsuit calendar featuring Chicago brokers. Joe Howard, aka “Mr. July,” said his wife was fully on board when he decided to pose. “She said she will pimp me out…

7673 Melrose Avenue A 24-unit project is slated for a corner property on Melrose Avenue in the Fairfax District. The project at 7673 Melrose Avenue will replace an auto shop and feature 5,300 square feet of ground-floor retail, according to Urbanize. The developer, 7673 Melrose Ave LLC, is requesting bonuses via the city’s Transit-Oriented Communities…

Mark McLaughlin (left) and Robert Reffkin (right) (Credit: iStock) Only eight months ago, Pacific Union International launched a highly publicized rebranding, assimilating three formerly independent brokerages under the Pacific Union banner. “This dream team…will provide the absolute best client experience possible,” Nick Segal, the newly appointed company president, said in a statement on Jan. 3.…