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Month: April 2022

Michael Shabani buys Casper mattress store on Melrose

Crown Equity’s Michael Shabani, Sterling Organization’s Brian Kosoy and 8379 Melrose Avenue (Loopnet, Sterling Organization) Michael Shabani of L.A.-based Crown Equity has bought a retail building on Melrose Avenue in West Hollywood, ...

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  • 20 Apr
  • The Real Deal
  • Uncategorized
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SpaceX on radar as Blackstone lands $1.8B CMBS loan

BlackStone’s Stephen Schwarzman with 9028 Dice Road and 20210 S Normandie Avenue (Getty, LoopNet) Blackstone has scored a $1.8 billion CMBS loan to refinance more than 110 warehouse, manufacturing and office properties across the ...

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  • 20 Apr
  • The Real Deal
  • Uncategorized
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OC median reaches $1M as home prices hit records across SoCal

Houses along Laguna Beach (iStock) Home prices hit record levels last month in six counties across Southern California, with the median price rising 22 percent in Orange County to hit $1 million. The median price in the Southland ...

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  • 20 Apr
  • The Real Deal
  • Uncategorized
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Interest rate hikes clog LA multifamily pipeline

(iStock) Southern California needs housing but new construction of multifamily projects has tilted in the wrong direction. That conclusion is drawn from a recent Kidder Mathews report that showed new multifamily construction in L.A. ...

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  • 20 Apr
  • The Real Deal
  • Uncategorized
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Oxnard poised to enact rent control with 4% cap

Mayor John Zaragoza with aerial shot of Oxnard (City of Oxnard, iStock) Oxnard is the latest Southern California city to implement rent control in the face of rising housing costs. The agricultural center along the coast of Ventura ...

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  • 19 Apr
  • The Real Deal
  • Uncategorized
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Fontana, state attorney general settle suit over warehouse project

California Attorney General Rob Bonta with the Oleander avenues warehouse project (Getty, Cornerstone) The developer behind a 206,000-square-foot warehouse approved by Fontana must soon adhere to “the most stringent warehouse ordinance ...

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  • 19 Apr
  • The Real Deal
  • Uncategorized
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Supreme Court won’t hear LA landlords’ challenge to eviction moratorium

Apartment Association of Greater Los Angeles president Dan Yukelson (LinkedIn, iStock, Illustration by Kevin Cifuentes for The Real Deal) The Supreme Court will not consider a legal challenge from landlords to the City of Los Angeles’ ...

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  • 19 Apr
  • The Real Deal
  • Uncategorized
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LAPD plans to tap foundation donors, landlords to give rent break to new cops

LAPD Chief Michel Moore and Commissioner Steve Soboroff (Wikipedia, iStock, LAPD Online) The LAPD hopes to pitch in $1,000 a month toward rents for recruits during their rookie year on the job, using donations to the department’s ...

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  • 19 Apr
  • The Real Deal
  • Uncategorized
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One-off redevelopment aims for record price in Encino

From left: Developers Yaniv Nehemia and Moshe Zaga in front of 15930 Woodvale Drive in Royal Oaks (Realtor.com, Moshe Zaga) California home buyers often get whiplash when they see how price tags for a home increase. Someone should hand ...

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  • 19 Apr
  • The Real Deal
  • Uncategorized
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Santa Ana poised to hike developer fees, push for union workers

Councilmember Thai Viet Phan (City of Santa Ana, iStock) Santa Ana could soon increase developer fees for projects that don’t include affordable housing, and offer incentives to hire union workers. The City Council is poised to ...

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  • 19 Apr
  • The Real Deal
  • Uncategorized
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