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Month: March 2022

Hatchspaces JV plans biomanufacturing on Westside

Hatchspaces Allan Glass and 5005 McConnell Avenue (LinkedIn, Google Maps, iStock) Playa Vista is getting a new biomanufacturing complex. A joint venture between Hatchspaces, NexCore and Nuveen Real Estate has bought a ...

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  • 11 Mar
  • The Real Deal
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City of LA eyes Mid-Wilshire apartment complex through Project Homekey

850 La Brea Avenue (Urbanize.city, iStock) A Los Angeles councilman has proposed the city as a buyer for a six-story apartment building now under construction in Mid-Wilshire, with an eye on housing homeless residents there. 5th ...

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  • 11 Mar
  • The Real Deal
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The One sold but not settled on commissions

Concierge’s Chad Roffers and The One (Chad Roffers, Concierge Auctions) It’s all over but the shouting on The One–also known as the all-time priciest residential property to sell at auction in U.S. history at $126 million. Or was it ...

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  • 11 Mar
  • The Real Deal
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Star-Kist plant in San Pedro dodges wrecking ball–for now

1050 Ways Street (LoopNet) A former Star-Kist tuna cannery on Terminal Island in San Pedro has been spared from the wrecking ball–at least for a while. The historic plant, once the largest tuna cannery in the world, got a reprieve when ...

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  • 11 Mar
  • The Real Deal
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Kaiser adds motel to East Hollywood complex

1401 N Vermont (Google Maps) Kaiser Foundation is adding a motel to its East Hollywood medical complex with the purchase of a decades-old Travelodge. The healthcare giant bought the 73-room property, located at 1401 North Vermont ...

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  • 11 Mar
  • The Real Deal
  • Uncategorized
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Blackstone eyes industrial redevelopment in Long Beach

Blackstone’s Kenneth Caplan and Kathleen McCarthy with 5900 Cherry Avenue (Blackstone, Newmark) Blackstone plans to add to the dwindling supply of industrial real estate in Los Angeles after snapping up a 14-acre site for ...

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  • 10 Mar
  • The Real Deal
  • Uncategorized
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Long Beach to accept 350 short-term rentals along coast

Long Beach (iStock) The City of Long Beach will now allow as many as 350 unsupervised short-term rentals of homes and apartments along its beaches. Under pressure from the state’s Coastal Commission, the Long Beach City Council voted ...

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  • 10 Mar
  • The Real Deal
  • Uncategorized
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Arts District high-rise tied to City Hall corruption scandal resumes construction

Carmel Partners CEO Ron Zeff and Jose Huizar with Renderings of the 520 Mateo Street project (Carmel Partners, NACTO, Works Progress Architecture) Construction has resumed on the first high-rise building in the Arts District of ...

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  • 10 Mar
  • The Real Deal
  • Uncategorized
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Greenlaw buys church site for Amazon warehouse

Wilbur Smith and Jeff Bezos with 1211 E. Badillo Street (Getty, Greenlawpartners, CBRE) Developers are getting so desperate for industrial spaces that they are now buying up churches. Greenlaw Partners bought a former church located on ...

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  • 10 Mar
  • The Real Deal
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Yvette Mimieux’s ‘Il Sogno’ hits market for $50M

Yvette Mimieux with 500 – 512 Perugia Way (Getty, Zillow) Side-by-side homes owned by the late actress Yvette Mimieux in Bel-Air have hit the market for $49.5 million. The compound contains a nearly century-old Tuscan-style villa and a ...

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  • 10 Mar
  • The Real Deal
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