Month: July 2019

Rising’s Park Calabasas campus, Republic Indemnity President Allen Goodwin and Rising Realty CEO Chris Rising (Credit: Jeff Newton) Rising Realty’s newest tenant at its sprawling Park Calabasas office campus is worker’s compensation servicer Republic Indemnity. The Great American Insurance Group affiliate signed a 50,000-square-foot lease at the 20-acre complex at 4500 Park Granada in Calabasas,…

Every day, The Real Deal rounds up Los Angeles’ biggest real estate news. We update this page at 9 a.m., 12 p.m., and 4 p.m. PT. Please send any tips or deals to tips@therealdeal.com This page was last updated at 4:30 p.m. The Federal Reserve reduced interest rates for the first time since 2008. On…

Grant Thompson, creator of popular YouTube channel ‘The King of Random’ (Credit: Instagram) Inspired by the fall of the housing industry during the recession, real estate investor Grant Thompson built a career on YouTube trying to explain how the world works. Thompson, “The King of Random,” died in a paragliding accident in Utah at age…

Victor Coleman and Bentall Centre in Vancouver Hudson Pacific Properties added 500,000 square feet of leases in the second quarter on top of the 1 million square feet from the first three months of the year, as the real estate investment trust pushed into new and existing markets. Overall, the Los Angeles-based REIT reported increased…

Rick Edwards, partner at Seagrove Property Group and the property Seagrove Property Group has sold a fully leased shopping center in the San Gabriel Valley. The property — at 1241-1251 Lone Hill Avenue in the city of Glendora — traded for $13.65 million. The buyer is a private foreign investor, which completed the deal using…

Samantha Millman, president of the Los Angeles City Planning Commission, Lee Raagas, chief executive officer of Skid Row Housing Trust; and Skid Row (Credit: iStock) Could a new rezoning plan hit the gas on the gentrification of Skid Row? In short, it’s more like a very slow release of the brakes. Last month, when the…

Chula Vista hotel and convention center San Diego County Developers were likely popping bottles in Chula Vista, which, after a two-decade-long approval process, approved plans for a $1.13 billion hotel and convention center in June. In what city officials described as a “momentous” development, the Port of San Diego authorized a Coastal Development Permit for…

Thank you for reading The Real Deal. We’re always trying to give you everything you need to know about the world of real estate in Los Angeles. Today, we’re launching TRD‘s Daily Digest, a new feature that puts all the news you love in one place. Please let us know what you think. We update…

Realogy CEO Ryan Schneider, North Office at 301 Canon Drive and Jamie Duran, President of Coldwell Banker Southern California UPDATED, July 30, 3:40p.m.: Coldwell Banker is consolidating its two Beverly Hills offices into one location, sources told The Real Deal, shifting about 150 brokers out of a space the company had poured $1 million into…

Homes damaged in Hurricane Katrina. (Getty) In the wake of natural disasters, some real estate investors are finding opportunity for profit. So-called “disaster investors” are buying up properties damaged by floods, wildfires, hurricanes and other catastrophic events — and flipping them for a gain. The practice is becoming increasingly common as the number of natural…