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Month: April 2022

Chief of LA agency on homelessness quits in latest sign of turmoil

Heidi Marston (LinkedIn, iStock) The head of the Los Angeles Homeless Services Authority has quit, citing a dispute over her decision to boost the salaries of low-paid staff of a countywide agency that’s come under increasing scrutiny ...

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  • 26 Apr
  • The Real Deal
  • Uncategorized
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IWG takes over chunk of WeWorks turf in West Hollywood

IWG’s Mark Dixon and 925 North La Brea Avenue (IWG, Google Maps) IWG, a global provider of flexible workstations, is opening a Spaces coworking office in West Hollywood. The Switzerland-based firm signed a 31,000-square-foot coworking ...

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  • 26 Apr
  • The Real Deal
  • Uncategorized
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Hollywood vet Michael Lambert’s Carbon Beach villa under contract

Michael Lambert with 22102 Pacific Coast Highway (Lambert Media Group, Chris Cortazzo, iStock) Veteran TV executive Michael Lambert is on his way to selling his house on Malibu’s Carbon Beach, also known as Billionaire’s Row, where ...

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  • 26 Apr
  • The Real Deal
  • Uncategorized
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Blackstone pays $7.6B for SoCal storage outfit

From left: Stephen Wilson, president and CEO, PS Business Parks; Stephen Schwarzman, CEO, Blackstone (Getty Images, PS Business Parks, iStock) Behemoth investor Blackstone agreed to buy Glendale-based PS Business Parks for $7.6 billion ...

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  • 26 Apr
  • The Real Deal
  • Uncategorized
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Manufacturer flips Riverside warehouse to Prologis at $55M markup

Prologis’ Hamid Moghadam and 6975 Sycamore Canyon Boulevard (Google Maps) Prologis has bought a Riverside warehouse sitting on 30 acres for about three times what it sold for five years ago, The Real Deal has learned. The ...

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  • 26 Apr
  • The Real Deal
  • Uncategorized
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Drake secures $52.5M loan on Beverly Hills mansion

Drake with 9904 Kip Drive in Beverly Hills (Hilton & Hyland, Getty) The buyer of singer Robbie Williams’ Beverly Hills estate, identified in reports as Canadian rapper Drake, has taken out a $52.5 million mortgage to finance one ...

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  • 26 Apr
  • The Real Deal
  • Uncategorized
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The Agency taps Compass vet for Silicon Valley entry

From left: Rainy Hake Austin and Quetzal Grimm in front of Palo Alto (LinkedIn/Quetzal Grimm, LinkedIn/Rainy Hake Austin, iStock) The Agency is widening its Bay Area footprint with its first Silicon Valley offices, and the Los ...

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  • 26 Apr
  • The Real Deal
  • Uncategorized
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2M sf logistics hub biggest development in history of Inland Empire city

CapRock’s Patrick Daniels with rendering and construction site of 1811 Mountain Avenue (CapRock Partners, Nicole Deermount/Carlie Coatsworth Architects) The Inland Empire city of Norco will soon get a 2-million-square-foot logistics ...

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  • 25 Apr
  • The Real Deal
  • Uncategorized
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Brentwood apartment building finds a buyer

11677 – 11683 Goshen Avenue (Redfin) A Brentwood apartment complex has found a buyer after a little more than five months on the market. Jonathan Taksa (Taksa Investment Group) The 68-unit, two-building property at 11677 – 11683 Goshen ...

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  • 25 Apr
  • The Real Deal
  • Uncategorized
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Water district pays $32M for land once slated for nearly 3,600 homes

Newport and Emerald Avenues (Jennifer Iyer, Redlands Daily Facts/SCNG) An Inland Empire water district has paid $32.5 million for 1,650 acres of land in north Highland once slated for a 3,600-home housing project that failed to pass an ...

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  • 25 Apr
  • The Real Deal
  • Uncategorized
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