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Month: February 2022

Herbalife co-founder offers 1,225-acre ranch with villa in South OC

Dick Marconi and 39250 Ortega Highway in San Juan Capistrano (Marconi Museum, Berkshire Hathaway Home Services) A 1,225-acre ranch near San Juan Capistrano that includes Tuscan-style village and an animal preserve with giraffe, zebras ...

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  • 28 Feb
  • The Real Deal
  • Uncategorized
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Chinese investor sells Hollywood office building leased by Netflix

1350 North Western Avenue, Hollywood (Loopnet) Gemdale USA Corp. has sold a 75,600-square-foot Hollywood office building leased by Netflix and a parcel next door for $93 million. The Pasadena-based firm traded the 3.5-acre site at 1350 ...

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  • 28 Feb
  • The Real Deal
  • Uncategorized
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Weintraub gets USC’s Frank Lloyd Wright house in Hollywood Hills

Frank Lloyd Wright and Richard Weintraub with the Freeman House at 1962 Glencoe Way, Hollywood Hills (Getty Images, Zillow, Wikipedia, WeintraubRE) The University of Southern California has sold a Frank Lloyd Wright house in the ...

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  • 28 Feb
  • The Real Deal
  • Uncategorized
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750-unit Ventura County resi plan moves into environmental approvals process

Hitch Ranch proposed site (Hitch Ranch) A major Ventura County housing project could soon take a step forward after beginning the environmental approvals process. The City of Moorpark, where the development would be located, published ...

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  • 28 Feb
  • The Real Deal
  • Uncategorized
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Local investor buys Huntington Beach retail

Peter Merlone and Bradley Geier of Merlone Geier Partners (Merlone Geier Partners, Google Maps) A local investor has bought a shopping center in Huntington Beach for $25.3 million. TN Investments, run by Thomas Thongvan Nguyen, bought ...

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  • 28 Feb
  • The Real Deal
  • Uncategorized
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Rexford gets controversial site on LA River

Rendering of the proposed project at 2800 Casitas Avenue (Department of City Planning) Rexford Industrial Realty has paid $43 million for a 117,000-square-foot industrial building along the Los Angeles River in the Glassell Park, ...

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  • 28 Feb
  • The Real Deal
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Related, Cruzan refi Torrance office building

William Witte and Dennis Cruzan with 21250 Hawthorne Boulevard (LoopNet, Cruzan, Adam Southard, iStock) Related Companies and its partner Cruzan have refinanced an office complex in Torrance, a signal that lenders are still willing to ...

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  • 28 Feb
  • The Real Deal
  • Uncategorized
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Developer seeks five-story apartment complex in NoHo

Rendering of 5057 North Klump Avenue (Ken Stockton Architects) Developers plan to bulldoze half-century-old apartments in North Hollywood and replace them with a new five-story multifamily complex. The proposal calls for tearing down a ...

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  • 25 Feb
  • The Real Deal
  • Uncategorized
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Bold move: NY broker becomes LA lender

Bold New York’s Jordan Sachs (iStock, Illustration by Kevin Cifuentes for The Real Deal) Jordan Sachs, the founder of residential brokerage Bold New York, has launched a boutique lending venture in Santa Monica, The Real Deal has ...

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  • 25 Feb
  • The Real Deal
  • Uncategorized
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State to LA: rezone for 250K new homes or else

(Los Angeles Conservancy, iStock/Illustration by Steven Dilakian for The Real Deal) Officials of the State of California have told counterparts with the City of Los Angeles to rezone to accomodate 255,000 new homes or risk losing ...

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  • 25 Feb
  • The Real Deal
  • Uncategorized
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