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Month: October 2021

Flip this strip mall: Developer plans apartments on former retail site in El Monte

Renderings of the project (City of El Monte, Southland Real Estate Group) Developer Southland Real Estate Group is looking to redevelop a largely vacant 2.8 acres in El Monte with an 83-unit apartment complex. Details of the project ...

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  • 18 Oct
  • The Real Deal
  • Uncategorized
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Post delivers $153.2M on high-profile sale in Beverly Hills

A view of The Post at 325 N. Maple Drive (loopnet.com, wikipedia.com, worthe.com, iStock) Worth Real Estate Group and Invesco Real Estate have closed one of Los Angeles’ priciest office deals of the year with a $153.2 million sale in ...

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  • 18 Oct
  • The Real Deal
  • Uncategorized
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Housing Rights probe pins voucher discrimination on VA landlords, brokers

HRI founder Aaron Carr and Virginia Attorney General Mark Herring (Facebook, Getty) The advocacy group that slapped bigwig brokerages and landlords in New York City and its suburbs with suits over source-of-income discrimination has ...

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  • 18 Oct
  • The Real Deal
  • Uncategorized
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CenterPoint Properties scoops up Torrance warehouse

CenterPoint Properties Senior Vice President, Regional Manager Bob Andrews and the warehouse (CenterPoint, LoopNet) CenterPoint Properties has purchased a Torrance warehouse on two acres for an undisclosed sum. It’s the Oakbrook, ...

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  • 18 Oct
  • The Real Deal
  • Uncategorized
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Automatic for the people: SmartRent CEO on why landlords are going all-in on connected homes

From left: Lucas Haldeman, Founder & CEO, SmartRent and The Real Deal’s Hiten Samtani It ain’t about Amazon package updates. It’s about cap rates. The bells and whistles of connected-home technology grab the headlines, but to ...

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  • 18 Oct
  • The Real Deal
  • Uncategorized
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A 60-acre working vineyard in Southern California hopes to squeeze out $35 million

1584 Mission Dr Solvang, CA (Sanger Wines) A 60-acre estate in the hills of California’s Santa Ynez Valley is hitting the market for $34.5 million. The estate is home to a 40-acre working vineyard that can produce 7,500 bottles of wine ...

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  • 17 Oct
  • The Real Deal
  • Uncategorized
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Offset buys Cardi B a hilltop mansion in the Dominican Republic for her birthday

Offset and Cardi B with the Dominican Republic mansion (Getty, Airbnb, Celebrity Brokers Antonio Khoury and Brandi Hunter) How’s this for a birthday present? The rapper Offset gave his wife, Cardi B, a mansion in the Dominican ...

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  • 17 Oct
  • The Real Deal
  • Uncategorized
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New Philippine tax on foreign gaming companies could deal another blow to office market

Rodrigo Duterte, the 16th and Incumbent President of the Philippines (Getty Images, iStock, Brainstudy.Info) A new tax on online gambling operators in the Philippines could drive up the nation’s already high office vacancy rate. The ...

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  • 17 Oct
  • The Real Deal
  • Uncategorized
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Industrial space “effectively sold out” amid leasing frenzy, Prologis says

Prologis Chairman and CEO Hamid Moghadam (Getty, Prologis) Global supply chain disruptions have sent industrial tenants into a leasing frenzy, pushing warehouse vacancy to unprecedented lows. Prologis’ portfolio was 98 percent leased ...

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  • 17 Oct
  • The Real Deal
  • Uncategorized
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Gemdale USA, LaTerra put Netflix-leased office campus in Hollywood up for sale

Gemdale USA co-president Michael Daly and Laterra Development CEO Charles Tourtellotte with the Hollywood property (LoopNet, Gemdale, Laterra) The US arm of Chinese investment firm Gemdale and Los Angeles-based LaTerra Development have ...

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  • 17 Oct
  • The Real Deal
  • Uncategorized
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