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Month: February 2022

LA County extends eviction moratorium through 2022

Supervisor Sheila Kuehl (LA County) Los Angeles County has extended its pandemic-related eviction moratorium through the end of the year, with some protections slated to last until mid-2023. County supervisors approved the latest ...

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  • 04 Feb
  • The Real Deal
  • Uncategorized
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Pasadena-based REIT buys Raytheon campus outside Boston

Alexandria Real Estate Equities Joel Marcus (Google Maps) Life sciences developer Alexandria Real Estate Equities has added to its scores of Boston-area properties with a deal for a 440,000 square-foot Raytheon campus for $124.7 ...

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  • 04 Feb
  • The Real Deal
  • Uncategorized
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Milk, honey and the City of Angels

CGI+’s Gidi Cohen and the Mariposa at 3rd Street and Mariposa Avenue (Facebook, Mariposa on 3rd) It’s no secret that Israelis have had a significant hand in the shape-shifting that characterizes the streetscape of Los Angeles. The ...

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  • 04 Feb
  • The Real Deal
  • Uncategorized
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Essex predicts return-to-work will drive Bay Area rent rebound

Essex Property Trust CEO Michael Schall (iStock/Illustration by Kevin Rebong for The Real Deal) Essex Property Trust, a top West Coast apartment owner, believes Bay Area rents, which have lagged the rapidly rebounding market ...

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  • 03 Feb
  • The Real Deal
  • Uncategorized
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Proptech startup Rhino lays off over 20% of its staff

Rhino co-founders Paraag Sarva Rhino, a proptech startup that offers an alternative to security deposits, has laid off 57 employees, or more than 20 percent of its staff, The Real Deal has learned. Employees were informed of the cuts ...

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  • 03 Feb
  • The Real Deal
  • Uncategorized
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Extras at latest Bel-Air spec manse: nightclub wrapped by designer cars

1200 Bel Air Road (Google Maps) What leans over a cliff, comes with a nightclub wrapped by a rotating display for designer cars, and carries a price tag of $139 million? A newly built mansion in Bel-Air that’s the latest in ...

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  • 03 Feb
  • The Real Deal
  • Uncategorized
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Family investor sells South Bay apartment complex

Peter Bohlinger of Pacific Apartment Homes and 25935 Rolling Hills Road (LinkedIn) A family investor has sold a 50-year-old apartment complex in Torrance after putting it on the market for the first time, taking advantage of Los ...

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  • 03 Feb
  • The Real Deal
  • Uncategorized
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Inside mall scavenger Kohan’s shopping spree for declining shopping centers

Burnsville Center in Minnesota (Connor Steinkamp) The majority of its storefronts are dark and its previous owner, CBL & Associates, filed for Chapter 11 bankruptcy in November 2020. So when New York-based Kohan Retail Investment ...

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  • 03 Feb
  • The Real Deal
  • Uncategorized
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Lionstone scores medical office property in Newport

Lionstone Investments CEO Bryan Sanchez and 315 Hospital Road (LinkedIn, JLL) Lionstone Investments has scored a medical office property located on the Hoag Hospital campus in Newport Beach. The Houston-based investor bought a ...

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  • 03 Feb
  • The Real Deal
  • Uncategorized
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Hot boxes: Where industrial rents have soared the most

(iStock) If you’re in the market for warehouse space, get in line — and get ready to pony up. Data released this week by Savills shows the U.S. industrial real estate market lives up to the hype. It is crowded and expensive. Asking ...

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  • 03 Feb
  • The Real Deal
  • Uncategorized
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