Month: February 2022

Mohamed Hadid’s with Franklin Canyon (iStock, Getty) An auction date has been set for the controversial Franklin Canyon-area land where Mohamed Hadid once envisioned an elaborate luxury compound. The 65-acre land offering, dubbed “the Royalton Auction,” is being orchestrated by a bankruptcy court-appointed trustee and is scheduled for March 24. It will take place both…

Los Angeles Rams owner Stan Kroenke and the The Promenade in Woodland Hills (Getty, Downtowngal, CC BY-SA 3.0, via Wikimedia Commons) The Los Angeles Rams are looking to buy a defunct shopping mall in Woodland Hills for a training camp for future Super Bowl wins. The NFL team is now negotiating a deal for The…

From left: Vince Ciavarella, Peter Rooney and Chris Payne of Sares Regis Group (Sares Regis Group, Google Maps) Amazon is bringing in the cash for Sares Regis Group’s new development in Huntington Beach. The Newport Beach-based industrial developer got a $124 million loan for a newly constructed 243,000-square-foot building in Huntington Beach from Truist Bank,…

Naomi Osaka (Zillow, Getty Images) Tennis superstar Naomi Osaka has swung into Tarzana to buy a $6.3 million mansion. The 24-year-old Grand Slam winner is pulling out of Beverly Hills with the purchase of Nick and Vanessa Lachey’s San Fernando Valley estate at 4760 Amigo Ave., Dirt.com reported. 98 Degrees boy-band singer Nick Lachey and…

Domvs London’s Jon O’Brien, Junius Real Estate Partners’ John Fraser and 800 Tortuoso Way (Hilton & Hyland, Domvs London, Junius Real Estate Partners) One of three parcels of land in a Bel Air assemblage that was previously on the market for $150 million has been sold individually at a relative discount. The property, located at…

(METRO96, CC BY-SA 3.0 – via Wikimedia Commons, iStock/Photo Illustration by Steven Dilakian for The Real Deal) Ballooning construction costs have compelled the Los Angeles County Metropolitan Transportation Authority to consider building its Eastside Gold Line extension in two phases. While Metro had jettisoned a two-pronged Eastside extension of its light rail line to Whittier…

Eagle Four’s  Kevin Martin, Kory Kramer, Joe Moody, Rick Weiner and Todd Pickup with Pendry Newport Beach (Eagle Four, Pendry, iStock) Eagle Four Partners scored a $146 million loan for its plan to convert the shuttered Fashion Island Hotel into Pendry Newport Beach. ACORE Capital provided the five-year, first mortgage loan to the Newport Beach-based…

Marina City Club (Google Maps) The posh high-rise condominiums that overlook Marina del Rey need serious repairs but are structurally sound and at no risk of imminent collapse, a county engineering report concluded. The 48-year-old Marina City Club towers must fix deteriorating cement, exposed and corroded reinforcement bars and damaged waterproofing on rooftop decks, but…

Compass’s Jen Caskey (Compass, iStock) UPDATED, Feb 24, 3:30 p.m. ET: Prominent South Bay agent Jen Caskey and part of her team have left eXp Realty for Compass. The newly launched Jen Caskey Group at Compass will include the Manhattan Beach-based veteran and six brokers who came with her from eXp. Five of those six…

(iStock, illustration by Shea Monahan for the Real Deal) Has the California proposition changed fundamentally? And does it matter for real estate? The answer to the first question is yes—the state had a net population decline in 2021, the first drop since it began annual counts more than a century ago. That followed another historic…