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Month: October 2021

Rancho Palos Verdes on state housing mandate: Just say no

Rancho Palos Verdes City Council and an aerial of the city (Getty, City of Rancho Palos Verdes) Some vocal residents of a high-end and typically low-key coastal enclave of Los Angeles are ticked off and taking stands against a plan to ...

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  • 21 Oct
  • The Real Deal
  • Uncategorized
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Investors take bigger bite of US housing, and pay less

Investors home purchases rose to 15 percent in the second quarter, a year-over-year increase of 3.9 percentage points. (iStock) Investors aren’t only grabbing more than their usual share of the U.S. homebuying market, but also paying ...

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  • 21 Oct
  • The Real Deal
  • Uncategorized
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Deal of the Art: Chen gets $31.5M for Hollywood gallery

Art and Antiques Dealer Joel Chen in front of his recently-sold namesake art gallery at 1000 North Highland Avenue (JFChen.com, Google Maps) Art and antiquities dealer Joel Chen gained fame for running a “browser’s paradise” –– and now ...

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  • 21 Oct
  • The Real Deal
  • Uncategorized
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Halloween hook as “Nightmare on Elm Street” house lists for $3.3M

1428 N. Genesee Avenue (Photos via Learka Bosnak and Heather T. Roy with Douglas Elliman) The Spaulding Square home that featured prominently in the 1984 horror film “A Nightmare on Elm Street” is opening a window for a brief bidding ...

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  • 21 Oct
  • The Real Deal
  • Uncategorized
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State’s sluggishness leaves landlords “holding the bag”

Gavin Christopher Newsom, Governor of California (Getty Images, iStock) Landlords in Los Angeles have been left “holding the bag” by the State of California’s sluggish administration of its $5.2 billion rent relief program, according ...

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  • 20 Oct
  • The Real Deal
  • Uncategorized
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Kidder Mathews taps CIM exec to lead LA operations

Andrew Altman (Kidder Mathews) Kidder Mathews has hired a CIM Group executive to lead its operations across the Greater Los Angeles region. The commercial brokerage tapped Andrew Altman as regional president to oversee four offices and ...

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  • 20 Oct
  • The Real Deal
  • Uncategorized
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Trump Organization facing criminal probe over Westchester golf course

Donald Trump with the Trump National Golf Club Westchester (Trump National Westchester, Getty) The Trump Organization is reportedly facing another investigation, this time into dealings at the Trump National Golf Club Westchester in ...

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  • 20 Oct
  • The Real Deal
  • Uncategorized
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Hotel union asks feds for answers on Relevant’s EB-5

Relevant Group Managing Partner Grant King and Dream Hollywood (Relevant Group, Dream Hotel) Relevant Group, one of Hollywood’s most ambitious hotel developers, is under scrutiny over its use of EB-5 financing. Unite Here Local 11, a ...

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  • 20 Oct
  • The Real Deal
  • Uncategorized
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Waterford eyes “missing middle” in Platinum Triangle

Waterford’s John Drachman and 1818 Platinum Triangle at 1818 South State College Boulevard (Waterford Property Company, waterfordco.com, iStock) Waterford Property Company and a state joint powers authority are still on a shopping ...

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  • 20 Oct
  • The Real Deal
  • Uncategorized
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Southern California ekes out another record on home price

Home prices continue to increase (iStock) The median sale price for a home in Southern California eked out another record in September, but the relatively small increase offered the latest sign of a cooling trend. The median price in ...

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  • 20 Oct
  • The Real Deal
  • Uncategorized
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