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Month: December 2021

Scannell buys 17 acres of Tejon Ranch for manufacturing

Gregory Bielli, chief executive officer, Tejon Ranch, in front of the Tejon Ranch Commerce Center (Tejon Ranch/Illustration by Steven Dilakian for The Real Deal) A private Indianapolis-based firm has bought a site for a manufacturing ...

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  • 16 Dec
  • The Real Deal
  • Uncategorized
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Packaging outfit signs 150K-sf lease in Santa Fe Springs

9206 Santa Fe Springs Road (Google Maps) Pico Rivera-based packing and design firm Bay Cities has signed a 150,000-square-foot lease for industrial space in Santa Fe Springs. The firm signed a 10-year lease at Oltmans Construction ...

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  • 16 Dec
  • The Real Deal
  • Uncategorized
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Proposed Koreatown infill could see 45-unit apartment complex

(Los Angeles City Planning) A Larchmont-based company wants to redevelop an infill site in Koreatown with 45 apartments. Villas at Westmoreland LLC filed plans for the project with the Los Angeles Department of City Planning earlier ...

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  • 16 Dec
  • The Real Deal
  • Uncategorized
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Coalition seeks ballot measure to tax home sales of $5M+

Director of ACTLA Laura Raymond (Smart Growth California) A group of labor unions and community organizations want to tax home sales above $5 million in the city of Los Angeles to fund homelessness programs and housing. The coalition ...

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  • 16 Dec
  • The Real Deal
  • Uncategorized
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Tishman Speyer buys pair of industrial assets in diversification play

Rob Speyer, chief executive officer, Tishman Speyer, in front of the two newly-acquired industrial assets (Tishman Speyer) Tishman Speyer is getting in on the industrial gold rush. The developer behind some of the world’s most ...

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  • 15 Dec
  • The Real Deal
  • Uncategorized
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Harkhams sells shuttered Rodeo Drive hotel for $200M

Efrem Harkham and 360 North Rodeo Drive (Harkham, Jay Luchs) Beverly Hills-based hotelier Efrem Harkham has sold the Rodeo Drive property that housed his Luxe boutique hotel and remains home to three high-end retail stores. Harkham ...

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  • 15 Dec
  • The Real Deal
  • Uncategorized
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50-unit senior housing complex eyed as affordable in West Hollywood

Rendering of the project at 1041-1049 N. Martel Avenue with EAH Housing Board Chair Judy Binsacca (KFA, EAH Housing) Developer EAH Housing wants to build a 50-unit affordable senior housing complex near Plummer Park in West Hollywood. ...

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  • 15 Dec
  • The Real Deal
  • Uncategorized
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Affordable senior complex fetches $65.5M in Long Beach

Century Housing CEO Ronald Griffith and 3333 Pacific Place in Long Beach (Google Maps, Century) A Culver City-based affordable housing specialist has purchased a complex for seniors in Long Beach for $66.5 million. Century Housing ...

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  • 15 Dec
  • The Real Deal
  • Uncategorized
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Open-air retail complexes enjoy breath of fresh air, hitting new peaks amid recovery

(iStock) U.S. retail is slowly regaining steam in the wake of the pandemic, but open-air shopping centers can boast recent success that’s pushed the segment to new peaks. Landlords filled 17 million square feet of open-air shopping ...

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  • 15 Dec
  • The Real Deal
  • Uncategorized
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Dunleer flips NoHo industrial park for $10.4M

Dunleer Group CEO BJ Turner with the property (Dunleer, LoopNet) Dunleer has flipped a North Hollywood industrial park for $10.4 million after just more than a year of ownership. The Los Angeles-based investment and development firm ...

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  • 15 Dec
  • The Real Deal
  • Uncategorized
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