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Month: November 2018

Frank Sinatra’s Malibu pad designed his way — with his wife — hits market

Frank Sinatra and his former oceanfront home in Malibu (Credit: Mike Helfrich and Getty Images) A Malibu home that legendary crooner Frank Sinatra, and his wife Barbara, designed their way, went on the market, four months after being ...

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  • 29 Nov
  • The Real Deal
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Black homeowners have lost $156B thanks to systemic undervaluation: report

Homeownership has been billed as a way to generate wealth for American families, but a new study shows blacks don’t reap the same financial rewards from owning homes as whites. Owner-occupied homes in majority black neighborhoods are ...

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  • 29 Nov
  • The Real Deal
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Movers & Shakers: CushWake taps new Greater LA director…and more

(Credit: iStock) Cushman & Wakefield tapped Nick DiPaolo as director of brokerage for Greater Los Angeles. He will oversee brokers working out of the firm’s Downtown and West L.A. offices, along with those in El Segundo and Long ...

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  • 29 Nov
  • The Real Deal
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Olympus Property pays $119M for new Irvine resi complex

Chandler Wonderly and Anthony Wonderly A multifamily firm based in Texas acquired a newly constructed apartment building in Irvine for $118.5 million, making it one of the largest sales in Orange County this year. Olympus Property ...

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  • 29 Nov
  • The Real Deal
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Real estate damages from Woolsey Fire now estimated at $5B

Caption: The Woolsey Fire destroyed 1,643 structures and damaged 364 others. (Credit: Matthew Simmons at Getty Images) The Woolsey Fire that destroyed thousands of structures earlier this month in Los Angeles and Ventura counties is ...

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  • 28 Nov
  • The Real Deal
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City Century moves ahead on $1B South Park development

Olympia renderings (Credit: SOM) After nearly two years in the pipeline, City Century has taken another step toward its plan for a three-tower South Park mixed-use project. The developer, an affiliate of China’s Shenglong Group, filed ...

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  • 28 Nov
  • The Real Deal
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Irrational exuberance? Rising commercial real estate prices could signal warning for economy: Fed Reserve

Jerome Powell (Credit: Getty Images) Ever-rising commercial real estate prices nationwide could be a risk to the stability of the U.S. financial markets, as they were in the last recession. That was the assessment from the Federal ...

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  • 28 Nov
  • The Real Deal
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Elon Musk’s construction firm cancels Sepulveda portion of high-speed LA tunnel

Elon Musk (Credit: Getty Images) When Elon Musk envisioned his system of high-speed vehicle transport tunnels beneath Los Angeles, many welcomed the idea in a city of increasing gridlock. Others, however, were more skeptical. Following ...

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  • 28 Nov
  • The Real Deal
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Onni Group clears major hurdle in plan to redevelop Times Mirror Square

Onni Group President Rossano DeCotiis and the Art Deco portion of Times Mirror Square that PLUM approved for Historic-Cultural Monument status CAP Onni Group President Rossano DeCotiis and the Art Deco portion of Times Mirror Square ...

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  • 28 Nov
  • The Real Deal
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Southwestern Law restarts plan for 133-unit dorm in Koreatown

The Bullocks Wilshire building at 3050 Wilshire Blvd. was acquired by Southwestern Law School in 1994 and became part of the school’s campus. The school now plans to construct a seven-story dorm behind the building on 7th Street. ...

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  • 28 Nov
  • The Real Deal
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