Month: May 2022

Rendering of the 8th and Alameda Studios project (Rios) A New York developer is moving forward with plans to redevelop the Los Angeles Times printing plant Downtown into a 26-acre soundstage and office complex for the entertainment industry. Atlas Capital Group has won approval from the Los Angeles Planning Commission to convert the complex at…

Greg Stumm and Nick Siegel (LinkedIn) Prominent L.A.-area commercial broker Greg Stumm has jumped to Bridge Industrial. Stumm was recently a director at Newmark, where he ranked among that firm’s top industrial agents. Bridge announced the high-profile pick up on Tuesday. In a statement, Nick Siegel, Stumm’s new boss, referenced Stumm as among “the industry’s…

Los Angeles Councilman Gil Cedillo with property owner Tom Botz and Hillside Villa apartments, 636 N. Hill Place, Chinatown in Los Angeles (Apartments.com, Gil Cedillo, Globe Riders) Los Angeles city leaders have offered to buy a Chinatown apartment complex for $46 million in a move to spare some tenants the risk of losing their leases––with…

A rendering of the proposed building at 2845 West Boulevard (LA City Planning, iStock) A developer wants to build a six-story apartment building in West Adams––the latest proposal that would increase density in the fast-changing South L.A. neighborhood. The developer is Decon, a design and construction company whose portfolio includes a variety of multifamily and…

Gary Gold (Gary Gold) Gary Gold, a veteran executive vice president with Hilton & Hyland known for record-breaking sales of the Playboy Mansion among other landmark properties, is moving to Coldwell Banker Realty’s office in Beverly Hills. Gold has represented sellers for a number of high-profile, complex deals around Southern California in the past few…

Legendary Group’s Dilip Bhavnani and 411 S. Hewitt Street (Gensler, LinkedIn) A local developer has revised plans for a creative office tower in the Arts District in Downtown Los Angeles. Legendary Group, based in Pasadena, has filed plans to build an 18-story, 328,000-square-foot, mixed-use tower at 411 South Hewitt St., which would incorporate the former…

Steve Soboroff (Photo by Kevin Scanlon) From tackling the $2 billion Alameda Corridor project to bringing the Staples Center to life, Steve Soboroff has spent the last five decades bridging the gap between the city of Los Angeles and real estate developers. His latest undertaking — a rent relief campaign for police officers — is…

Frank and Joann Randall with Banning Ranch (Mark Rightmire, Flickr) A nonprofit agency will soon buy the largest undeveloped private land on the Orange County coast for a nature preserve and public park. The state’s Wildlife Conservation Board approved up to $15.5 million toward completing the $97-million purchase of Banning Ranch, a 401-acre former oilfield…

Angels’ Arte Moreno with Elephant Lot (Brandon Richardson, Getty) Anaheim just hit a foul ball on its Angel Stadium deal, and Long Beach is once again hoping to catch the big-league baseball team that plays there. After a federal corruption investigation led the City of Anaheim to scrub a $320-million deal to sell its stadium…

A rendering of the planned project at 1591 East Vernon Avenue in the South L.A. neighborhood of Central Alameda (Los Angeles City Planning/Photo Illustration by Steven Dilakian for The Real Deal) A developer plans to knock down a duplex and build a five-story apartment building in the South Los Angeles neighborhood of Central Alameda. The…