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Month: February 2019

Anaheim GardenWalk retail center sells for $80M

The Anaheim GardenWalk includes approximately 430,000 square feet of space (Credit: CBRE) After going bankrupt almost a decade ago, the Anaheim GardenWalk complex in Orange County has traded hands for $80 million. STC Management, based ...

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  • 20 Feb
  • The Real Deal
  • Uncategorized
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LA City Ethics Commission OKs proposal to ban developer contributions to city pols

LA City Ethics Commission President Melinda Murray and City Hall (Credit: Wikimedia) With an FBI probe into potential ethics violations involving real estate deals swirling around Los Angeles City Hall, the city’s own Ethics Commission ...

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  • 20 Feb
  • The Real Deal
  • Uncategorized
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U.S. housing sales declines and inventory rises, luring potential new buyers: report

(Credit: iStock) The U.S. housing market keeps slowing down, with January having marked the sixth consecutive month of declining sales. It was also the biggest year-over-year inventory increase in a decade — 6.4 percent — according to ...

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  • 19 Feb
  • The Real Deal
  • Uncategorized
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Here are LA County’s top 5 office sales of January

From left: Corporate Pointe at West Hills, 27200 Tourney Road, and 1302 6th Street While January didn’t see deals as large as December, a lot of office space traded hands nonetheless. The top five sales of the first month of 2019 ...

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  • 19 Feb
  • The Real Deal
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Industrious sells spare-office-space platform to CRE brokerage

Jamie Hodari and Jonathan Wasserstrum Flexible office space firm Industrious has sold a commercial subletting platform it acquired two years ago as part of its early expansion plan. PivotDesk, an online service that allows companies to ...

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  • 19 Feb
  • The Real Deal
  • Uncategorized
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Driverless car firm signs lease for $11M in Pasadena

GM Cruise, a San Francisco-based driverless car company, signed a 47,100-square foot lease in Pasadena. (Credit: Flickr) Look both ways before crossing, Pasadena. GM Cruise, a driverless car company, signed a lease earlier this month ...

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  • 19 Feb
  • The Real Deal
  • Uncategorized
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Saudi investors uneasy with how Son is running his $100B Vision Fund

Mohammed bin Salman and Softbank CEO Masayoshi Son (Credit: Getty Images) Softbank Group is again receiving pushback from major investors disgruntled with its brash investment decisions in tech firms that have been led by an ...

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  • 19 Feb
  • The Real Deal
  • Uncategorized
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Developer plans new apartment complex on the border of Koreatown

David Pourbaba and 3967 Beverly Boulevard (Credit: LoopNet) A new apartment complex is set to go up in the booming area between East Hollywood and Koreatown, adding to the number of projects proposed in the community. David Pourbaba, ...

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  • 19 Feb
  • The Real Deal
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Jodie Foster lists hilltop home in Beverly Hills for $16M

Jodie Foster and her home (Credit: Getty Images and David Kramer) After struggling to sell a home in the Bird Streets, actress Jodie Foster is hoping to have better luck with her Beverly Hills house. The actress has put her hilltop ...

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  • 19 Feb
  • The Real Deal
  • Uncategorized
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Luxury brand-name residences are growing in popularity — and commanding a premium

Porsche Design Tower in Sunny Isles Beach If you brand it, they will come. That’s the lesson luxury residential developers are learning as more and more buyers are purchasing properties in high-end branded towers. More than 400 ...

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  • 18 Feb
  • The Real Deal
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