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Month: March 2022

Niami’s The One goes for $126M at auction

Nile Niami and the mansion (Getty, Paul McClean) UPDATED, 5:40 p.m., March 3: After years of controversies — and a flurry of last minute bidding — Nile Niami’s “The One” sold at auction on Thursday for roughly $126 million. The sale of ...

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  • 03 Mar
  • The Real Deal
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TRD’s March issue is live for subscribers!

Welcome to March and another new issue of The Real Deal. This month, we look at the story dominating headlines in our industry and others: Russia’s invasion of Ukraine and its impact on real estate. We also shine a light on a ...

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  • 03 Mar
  • The Real Deal
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Urbana plans 58K sf office condo near Long Beach Airport

Renderings of Airway Office Park at 3810 and 3816 Stineman Avenue in Douglas Park (Urbana Development) A developer plans to build a 58,000-square-foot office condominium complex near Long Beach Airport. Long Beach-based Urbana ...

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  • 03 Mar
  • The Real Deal
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$70M top bid with clock ticking on The One

The One (Concierge Auctions, iStock / illustration by Ilya Hourie for The Real Deal) The world’s ultra rich and famous have just hours left to bid on a Bel- Air mega mansion that developer Nile Niami once predicted would fetch $500 ...

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  • 03 Mar
  • The Real Deal
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Low inventory sends LA signed contracts down again

(iStock) L.A.’s market is hot, inventory is low and — for the third month in a row — signed contracts are down. Single family home signings in February fell nearly 12 percent compared to a year earlier in a key swath of the Los Angeles ...

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  • 03 Mar
  • The Real Deal
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Editor’s note: From Russia without love

Stuart Elliott There were heady days a decade ago when Russian buyers set records in New York City’s real estate market, including the $88 million purchase of a condo at 15 Central Park West by  billionaire Dmitry Rybolovlev as a gift ...

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  • 03 Mar
  • The Real Deal
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Irvine Company proceeds on office development in OC

Innovation Office Park ( Irvine Company) The Irvine Company has begun construction on seven office buildings containing 260,000 square feet for a second phase of its 73-acre Innovation Office Park in Irvine. The Newport Beach-based ...

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  • 03 Mar
  • The Real Deal
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Civil trial over $320M Angel Stadium development deal set

Arte Moreno with Angel’s Stadium (Getty, iStock) A residents’ group has filed last-minute legal briefs ahead of a March 2 trial to support its claim that the City of Anaheim violated state laws during its $320-million deal to sell ...

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  • 01 Mar
  • The Real Deal
  • Uncategorized
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Pension puts $50M in SoLa’s Black Impact Fund

CalSTRS CEO Cassandra Lichnock and SoLa Impact CEO Martin Muoto and COO Gray Lusk (CalSTRS, SoLa Impact) SoLa Impact, an affordable housing developer based out of South Los Angeles, has gotten another $50 million investment in its ...

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  • 01 Mar
  • The Real Deal
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Brookfield OK for 350 units at shopping center

Brian Kingston, chief executive officer, Brookfield, in front of a rendering of the planned building at 9450 North Shirley Avenue in Northridge (Brookfield, TCA Architects/Photo Illustration by Steven Dilakian for The Real Deal) ...

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  • 01 Mar
  • The Real Deal
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