Month: April 2022

ESG Kullen’s Eric Granowsky and Tom DelPonti with Canyon Partners’ Joshua Friedman and Mitchell Julis and 2301 East Market Street in Long Beach (ESG Kullen, Canyon Partners, Google Maps) Canyon Partners has sold a Long Beach apartment complex to a multifamily-focused investment firm based in New York. An entity linked to ESG Kullen purchased a…

Asana’s Sam Judd, Jason Tompkins, and Terry Brown (LinkedIn, Loopnet) Just a few months after selling a shuttered hotel on Rodeo Drive in Beverly Hills for $200 million, the Harkham family is back in the market across town as the buyer of retail, office and multifamily in the gentrifying Highland Park district northeast of Downtown…

Opendoor co-founder Eric Wu with Orum Residence at 11490 Orum Road in Bel-Air (SPF Architects, LinkedIn) Eric Wu, CEO of Opendoor, has closed the deal on a glass-wrapped Bel-Air mansion shaped like an airplane propeller for $32 million, down from an ask of $56 million. Wu, the CEO of the San Francisco-based iBuyer, bought the…

29060 Cliffside Drive (Chris Ryder/Listing Zen) Entrepreneur Steve Buchanan is leaving Malibu’s exclusive Point Dume neighborhood with a multi-million dollar farewell. His luxe Point Dume house, located at 29060 Cliffside Dr., has sold for $35 million, or $5,731 per-square-foot, according to Redfin and the website of the listing agent Chris Cortazzo, who worked with Vladan…

Madonna has sold the home she bought from The Weeknd last year. (Getty, Redfin) Well, it used to be her playground. The Wall Street Journal is reporting that Madonna is looking to flip the Los Angeles-area home she purchased from fellow pop star The Weeknd last year. According to the report, the Material Girl is…

Sares Regis’ Chris Payne with 1515 Rancho Conejo Boulevard and 1489 Lawrence Drive (Sares Regis Group, LoopNet) Sares Regis Group has sold a pair of industrial buildings in Thousand Oaks totaling 172,516 square feet to a private investor for $70 million. The Newport Beach-based developer behind the Conejo Spectrum Business Park north of the 101…

Wood Partners’ Joseph Keough with Foothill Boulevard (Wood Partners, Ontario Daily Bulletin. iStock) A Georgia developer was given a green light to build 260 apartments on old Route 66 in Rancho Cucamonga. Wood Partners, based in Atlanta, was approved to build a mixed-use apartment complex on the southeast corner at Foothill Boulevard and Etiwanda Avenue…

Kacy Keys and the proposed site on the corner of Crenshaw Boulevard and West 54th Street (Loopnet, Praxis Development Group) A new apartment could be coming to the Crenshaw district in South Los Angeles. Praxis Development Group has submitted an application to the City of Los Angeles’ planning department to build a multi-family apartment building…

600 Saint Cloud Road in LA (Google Maps) Keat Bollenbach, the owner of the perennially popular Downtown Los Angeles restaurant Bottega Louie, sold a Bel Air mansion and an adjacent vacant lot for $39 million, The Real Deal has learned. Bollenbach, through an entity called 805 Nimes Place, LLC, parted with a 12,584-square-foot home at…

Ed Scheetz and former Standard Hotel in Hollywood (Getty Images, iStock, Illustration by Kevin Cifuentes for The Real Deal) When André Balazs opened The Standard hotel in West Hollywood, residents were already familiar with the building. The property had been around for more than 30 years by then, first as a hotel, then as a…