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Month: April 2022

Hotel, office conversions could be housing pipeline: Study

(iStock) Los Angeles County could add up to 113,000 residential units by converting underused hotels, offices and other commercial buildings, according to a new study. A RAND Corp. report concluded that such adaptive reuse could ...

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  • 07 Apr
  • The Real Deal
  • Uncategorized
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Covington snaps up vacant Palmdale site

Covington’s Ken Sheer with 400 West Avenue (LinkedIn, Loopnet) Covington Group, a Dallas-based industrial developer, bought a vacant 77-acre site in the northern L.A. County city of Palmdale for $6 million. The deal closed last month, ...

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  • 07 Apr
  • The Real Deal
  • Uncategorized
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Rick Caruso loans $10M to mayoral campaign

Rick Caruso with Los Angeles City Hall (Getty, iStock) Los Angeles billionaire developer Rick Caruso has altered the race for City Hall in Los Angeles The developer shoveled $4 million into his bid this week, bringing the total that ...

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  • 07 Apr
  • The Real Deal
  • Uncategorized
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GPI looks for big return on 110K sf Burbank medical complex

GPI Companies’ Drew Planting and Cliff Goldstein (GPI, Loopnet) UPDATED, April 7, 2022, 12:31 p.m.: GPI Companies is looking to more than double its money on two medical office buildings in Burbank. The L.A.-based commercial investor ...

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  • 07 Apr
  • The Real Deal
  • Uncategorized
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460K sf distribution warehouse planned on legacy orange grove

First Industrial Realty Trust President and CEO Peter E. Baccile and site maps (San Bernardino County, First Industrial) A legacy orange grove surrounded by the City of Redlands in the Inland Empire could be replaced by a ...

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  • 07 Apr
  • The Real Deal
  • Uncategorized
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The Agency goes suburban

The Agency’s Mike Leipart  and Tom Reiser (The Agency, Tom Reiser) The Agency, the brokerage best known for marketing some of Los Angeles’ glitziest homes, is taking its talents to suburbia. The firm unveiled a new division to focus on ...

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  • 07 Apr
  • The Real Deal
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Century City developer eyes 55 apartments in Silver Lake

Silver Lake (Google Maps, iStock) Manhattan West Real Estate Group is seeking approval for a ground-up apartment complex at the corner of North Alvarado Street and West Kent Street in the Silver Lake district northwest of Downtown Los ...

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  • 06 Apr
  • The Real Deal
  • Uncategorized
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Donahue Schriber fetches $3B-plus on sale to East Coast investor

From left: Michael Glimcher, president, chairman and CEO of Donahue Schriber; Alex Nyhan, CEO of First Washington Realty; the Donahue Schriber Headquarters at 200 Baker Street in Costa Mesa (First Washington Realty, Donahue Schriber, ...

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  • 06 Apr
  • The Real Deal
  • Uncategorized
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Unfinished Coachella hotel back to lender, up for sale

Calmwater Capital’s Larry Grantham with Coachella (Maxim Hotel Brokerage, Calmwater Capital) An unfinished hotel project in Coachella that recently went through a foreclosure proceeding is now up for sale. Calmwater Capital, the ...

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  • 06 Apr
  • The Real Deal
  • Uncategorized
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Home-flip tax would punish the good guys

Chris Ward, California assembly member for the 78th District (Twitter/asmchrisward, iStock/Photo Illustration by Steven Dilakian for The Real Deal) Just when you think politicians cannot get any more daft about housing, along comes ...

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  • 06 Apr
  • The Real Deal
  • Uncategorized
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  • Recent Posts

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