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Month: May 2022

Coretrust leases 44K sf of offices to law firms in DTLA

Coretrust Capital Partners’ Thomas Ricci, Randall Scott and John Sischo; 444 S. Flower Street, Los Angeles (444 South Flower, iStock, Coretrust Capital Partners) Three law firms have struck deals to move into three floors of an office ...

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  • 11 May
  • The Real Deal
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Oceanwide Plaza in DTLA last U.S. project standing for China-based developer

80 South Street (Wikipedia) Oceanwide Holdings massive mixed-used project in Downtown Los Angeles is the financially troubled developer’s last project standing in the U.S. after it lost control of a Manhattan site where it planned to ...

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  • 11 May
  • The Real Deal
  • Uncategorized
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Macerich continues cost-cutting with refinance of Ventura mall

Thomas O’Hern, CEO, Macerich, and the Pacific View mall in Ventura (Trackinfo, CC BY-SA 3.0/via Wikimedia Commons, Macerich) Macerich has refinanced a mall in Ventura in the latest deal by the company to trim costs on debt and continue ...

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  • 11 May
  • The Real Deal
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Rexford spends $153M on six industrial properties

Rexford Industrial Realty co-CEOs Howard Schwimmer and Michael Frankel and 13535 Larwin Circle and 7815 Van Nuys Boulevard in Panorama City (Google Maps, Rexford) Rexford Industrial Realty is still finding properties to buy. The Los ...

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  • 10 May
  • The Real Deal
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Soboroff endorses Bass

Steve Soboroff and U.S. Rep. Karen Bass (Getty) Steve Soboroff, of the L.A.’s most prominent developers and a long-serving member of its Board of Police Commissioners, has endorsed U.S. Rep. Karen Bass in the city’s mayoral race today. ...

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  • 10 May
  • The Real Deal
  • Uncategorized
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Real estate industry all over LA mayoral money game

Los Angeles mayoral candidates: Rick Caruso, Karen Bass and Kevin de Leon (Wikimedia, Rick Caruso, iStock) Branden and Rayni Williams donated. So did Geoff Palmer, Peter Morton and Richard Weintraub. For the first time in nearly a ...

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  • 10 May
  • The Real Deal
  • Uncategorized
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Adam Levine, Behati Prinsloo sell Pacific Palisades estate for $51M

From left: Adam Levine and Behati Prinsloo in front of 1700 San Remo Drive in Pacific Palisades (Getty Images, Redfin, iStock) Grammy Award winner Adam Levine and his supermodel wife Behati Prinsloo unloaded their three-acre Pacific ...

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  • 10 May
  • The Real Deal
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Lyon Living set new benchmark on multifamily pricing with sale in north OC

Lyon Living’s Frank Suryan Jr. and The Herald complex at 150 East Crowther Avenue (Lyon Living, Herald Apartments) A Newport Beach developer has sold an apartment complex in Placentia for $130 million, setting a new benchmark in Orange ...

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  • 10 May
  • The Real Deal
  • Uncategorized
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City cuts new affordable housing deal with Moreno on Angel Stadium sale

Anaheim Angels owner Arte Moreno and rendering of new stadium site (SRB Management, Getty Images) The City of Anaheim will add more than 1,100 affordable homes because of its sale of Angel Stadium – the question is, where? Proposed ...

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  • 10 May
  • The Real Deal
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Auction for Khadavi’s 777 Sarbonne goes overtime, falls short of minimum at $45.7M

Alex Khadavi and 777 Sarbonne Avenue in Bel-Air (Getty Images, Concierge Auctions) The highly anticipated auction for doctor-turned spec developer Alex Khadavi’s megamansion 777 Sarbonne Road in Bel Air went into a 24-minute overtime ...

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  • 10 May
  • The Real Deal
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