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Month: September 2018

Northridge shopping center sells for $16M in online auction

The Northridge Promenade was 82 percent occupied by 25 tenants. (Credit: Cushman & Wakefield) PacWest Management gave new meaning to the phrase “online shopping” by acquiring an 89,500-square-foot shopping center through an online ...

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  • 06 Sep
  • The Real Deal
  • Uncategorized
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TruAmerica spends $86M to acquire another multifamily property in the OC

Truamerica multifamily executive Robert Hart and photos of the multifamily property A Los Angeles-based real estate firm is gaining a foothold in the Orange County multifamily market. TruAmerica Multifamily, in partnership with ASB ...

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  • 05 Sep
  • The Real Deal
  • Uncategorized
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Demi Lovato lists her Hollywood Hills home for $9M

Demi Lovato and her former home (Credit: Zillow, Getty Images) Demi Lovato has put her home in the Hollywood Hills on the market for sale for $9.5 million, after the singer suffered an overdose there in July. Located on Laurel View ...

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  • 05 Sep
  • The Real Deal
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Recession revisited: CBRE settles class action suit for $100M

CBRE CEO Robert E. Sulentic (Credit: iStock) CBRE settled a class action lawsuit for $100 million over a recession-era embezzlement scheme that involved Florida office properties and scores of elderly investors. The class action ...

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  • 05 Sep
  • The Real Deal
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Developer plans 33-unit apartment complex in Westchester

A developer hopes to bring a new apartment building with some affordable units to 8900 S. Ramsgate Ave (Credit: Pixabay) A developer is looking to add more affordable units to the Westchester neighborhood near Los Angeles International ...

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  • 05 Sep
  • The Real Deal
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LA County approves temporary ban on rent hikes for mobile home spaces

A mobile home park near Palm Springs and the Los Angeles County Board of Supervisors Los Angeles is giving a break to renters of mobile homes. The county board approved a measure on Tuesday that bans rent hikes greater than 3 percent ...

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  • 05 Sep
  • The Real Deal
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Compass is targeting $1B in revenue. Can the firm deliver?

Robert Reffkin with COO Maëlle Gavet, who joined Compass from discount travel website Priceline (Photos by Sahsa Maslov) Robert Reffkin did not want his picture taken. Not in front of an illuminated Compass logo. Not seated. And ...

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  • 05 Sep
  • The Real Deal
  • Uncategorized
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$22M Pacific Palisades spec home had 143 defects, power couple says in lawsuit

Ronald and Nancy Reagan, and Michael Manheim of Jaman Properties. The Pacific Palisades spec home pictured, which Matthew and Kathy Barrett bought last year, is on property that once belonged to the Reagans. (Credit: A Bird’s Eye/Getty ...

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  • 05 Sep
  • The Real Deal
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StarPoint closes $193M deal for Beverly Hills office building

Starpoint Executive Paul Daneshrad with the property (Credit: Pixabay) StarPoint Properties closed on its $193 million purchase of an office building in the Beverly Hills Golden Triangle. The deal, which closed Thursday, was part of a ...

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  • 04 Sep
  • The Real Deal
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Allmark lands $50M refi on Rancho Cucamonga resi portfolio

Terrace Apartments that were built in the 1970s and Pat Price, chairman and CEO Allmark Properties (Credit: Allmark Properties) Allmark Properties secured a $50 million loan to refinance a large residential community in Rancho ...

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  • 04 Sep
  • The Real Deal
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