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Month: March 2022

London hedge funder sells in Pacific Palisades

Mako’s David Segal and 14100 Rustic Lane (Compass, Mako) A 2-acre estate in Pacific Palisades has found a buyer after almost eight months on the market. The seller is David Segel, who founded hedge fund Mako in London and is a partner ...

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  • 31 Mar
  • The Real Deal
  • Uncategorized
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Owner of DTLA building where blast injured 11 firefighters escapes jail time

Photo from the May 16th fire in the 200 block of East 3rd Street with LAFD’s Captain Victor Aguirre (Getty, LAFD) A Downtown Los Angeles business owner who faced up to 68 years in jail for charges related to a building fire that ...

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  • 31 Mar
  • The Real Deal
  • Uncategorized
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Ideal Capital sells luxe apartments in Redondo for $75M

Exterior of 616 Esplanade and Ideal Capital Group’s Austin Herzog (Elements 616, Ideal Capital Group) A 105-unit luxury apartment complex in Redondo Beach has sold for $74.5 million Clovis-based Ideal Capital Group sold the ...

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  • 31 Mar
  • The Real Deal
  • Uncategorized
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Gryphon Capital aims for new high on retail with listing of Target site in Huntington Park

Gryphon Capital’s Chris Shane and Targer at 5731 Bickett Street (Gryphon Capital, Marcus & Millichap) No cheap chic for Gryphon Capital. The Los Angeles-based developer has put an under-construction Target up for sale in ...

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  • 31 Mar
  • The Real Deal
  • Uncategorized
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Zombie mall set for new life with housing in South OC

Renderings of the Village at Laguna Hills at 24155 Laguna Hills Mall with Peter Merlone of Merlone Geier Partners (Merlone Geier Partners) The defunct Laguna Hills Mall will soon be redeveloped into 68 acres of open-air shops, ...

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  • 31 Mar
  • The Real Deal
  • Uncategorized
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Ask on OC apartment complex points to continued heat

Castlewood Park (Marcusmillichap, iStock) For the first time since the Clinton administration, the 184-unit, multifamily Castlewood Park Apartments in Orange County is up for sale. The Leeson Group of Marcus & Millichap listed ...

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  • 31 Mar
  • The Real Deal
  • Uncategorized
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Endeavor’s Whitesell turns up as buyer of $43M estate

Patrick Whitesell and 545 South Mapleton Drive in Holby Hills (Getty, Hilton & Hyland) The mystery buyer of a $42.9-million mansion in Holmby Hills last year has been identified as entertainment agency mogul Patrick Whitesell. ...

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  • 30 Mar
  • The Real Deal
  • Uncategorized
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LA Homeless Services Authority could be cut altogether

Los Angeles Homeless Services Authority’s Heidi Marston, LA City Council President Nury Martinez, LA Mayor Eric Garcetti (LAHSA, nury-martinez.com, Getty Images) A recently submitted draft report hints at the depth of bureaucratic ...

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  • 30 Mar
  • The Real Deal
  • Uncategorized
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Billionaire Alec Gores sells 31K sf estate in Beverly Park

Alec Gores with 49 Beverly Clark Place (Getty, Luxury Architecture) Leveraged buyout specialist Alec Gores has sold his 31,000 square-foot French Normandy-style estate in Beverly Park for $70 million. The private-equity kingpin sold ...

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  • 30 Mar
  • The Real Deal
  • Uncategorized
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Notorious Ben Neman puts DTLA parking lot up for sale

300 South Main Street (CBRE) Morad “Ben” Neman is out of prison and seeking bids on the 2.2-acre parking lot in Downtown Los Angeles that was one of several properties in his portfolio when he pleaded guilty to money laundering. Neman ...

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  • 30 Mar
  • The Real Deal
  • Uncategorized
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