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Month: April 2022

City of LA to pay $3M to firefighters who complained of shoddy building inspections

Los Angeles (iStock, Illustration by Shea Monahan for the Real Deal) The City of Los Angeles will pay $3 million to a group of firefighters who said they were punished after blowing the whistle on shoddy building inspections. The City ...

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  • 06 Apr
  • The Real Deal
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Rockpoint gets upsized loan on Torrance apartments

Blackstone Mortgage Trust’s Katie Keenan, Rockpoint’s Keith Gelb and Bill Walton; and several Torrance and properties (Google Maps, Blackstone, Rockpoint, iStock) Rockpoint has scored an upsized loan on six multifamily properties in ...

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  • 06 Apr
  • The Real Deal
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Greenlaw Partners buys into Valencia industrial

Greenlaw Partners’ Wilbur Smith III and 29011 Commerce Center Drive (USC, LoopNet) Greenlaw Partners has bought an industrial property in Valencia that’s fully leased to a logistics subsidiary of Germany-based media conglomerate ...

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  • 06 Apr
  • The Real Deal
  • Uncategorized
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Design pedigree on market as classic Pasadena home lists for first time

The l Don Kubly with 215 La Vereda Road (Art Center College of Design, Crosby Doe Associates) A mid-century modern home in Pasadena built by the late Don Kubly, a former president of ArtCenter College of Design, is on the market for ...

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  • 05 Apr
  • The Real Deal
  • Uncategorized
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State bill would impose “buffer” on distribution developments

Assembly Majority Leader Eloise Gómez Reyes and distrubution warehouses (Women.CA.Gov, iStock) Increasing truck traffic from a growing number of distribution warehouses that serve the booming e-commerce market has spawned a state bill ...

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  • 05 Apr
  • The Real Deal
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Home Depot signs 1.1M sf lease for distribution hub

Home Depot’s Craig Menear and Clarion Partners’ David Gilbert (Home Depot, Clarion Partners, iStock, Google Maps) Home Depot is getting a new warehouse in the Inland Empire. The Atlanta-based home improvement retailer signed a lease to ...

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  • 05 Apr
  • The Real Deal
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LA, Riverside among national leaders in resi price gains

A residential neighborhood in Los Angeles (iStock) California’s housing market did not drift away from affordability overnight. Prices for housing in the state’s major cities have been rising over the past two decades, with properties ...

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  • 05 Apr
  • The Real Deal
  • Uncategorized
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LBA, Blackstone in recap on Culver One studio complex

Phil A. Belling with One Culver, 10000 Washington Blvd (Hoaghospitalfoundation, LBA Realty) LBA Realty has recapitalized its One Culver creative office campus in Culver City in a deal worth more than $500 million. The Irvine-based ...

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  • 05 Apr
  • The Real Deal
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Office vacancy continues upward across LA

Los Angeles (iStock) More than a quarter of all the office space in Los Angeles County was available for lease or sublease in the first quarter of this year, up nearly a full percentage point from the fourth quarter of 2021, according ...

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  • 05 Apr
  • The Real Deal
  • Uncategorized
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Westfield to shed SoCal malls, 12M sf of retail by 2024

Unibail-Rodamco’s Jean-Marie Tritant with Westfield Culver City and Westfield Century City (Unibail-Rodamco-Westfield, Google Maps) Unibail-Rodamco-Westfield is shedding its portfolio of malls in Southern California — along with the ...

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  • 05 Apr
  • The Real Deal
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