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Month: May 2022

Developers aim to build 1,200 apartments at former Marine base in OC

AvalonBay’s Timothy J. Naughton and Abode Communities’ Robin Hughes with rendering of Legacy Village project at Tustin Legacy (AvalonBay Communities, LinkedIn, City of Tustin) Developers have pitched plans to build more than 1,200 ...

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  • 06 May
  • The Real Deal
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Anaheim buys blighted motel to create affordable housing

Anaheim mayor Harry Sidhu and theTampico Motel at 120 South State College Street (Getty, LoopNet) The City of Anaheim has agreed to buy a run-down motel for $5.5 million and convert it into affordable housing. The City Council voted to ...

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  • 05 May
  • The Real Deal
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Harkham family buys Westlake Village creative office

From left: Aron and Efram Harkham in front of 2625 Townsgate Road (LinkedIn/Aron Harkham, Luxe Hotels & Harkham Ventures, iStock) The Harkham family has spent more of the cash they took in on the recent $200 million sale of their ...

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  • 05 May
  • The Real Deal
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CIM Group shows plans for former Farmers HQ campus in Mid-Wilshire

CIM’s Shaul Kuba with Former Farmers Insurance Group HQ and rendering of redevelopment plans (Getty, L.A. Conservancy, Bassenian Lagoni Architects, CIM Group) CIM Group has revealed renderings of its plans for a redevelopment of the ...

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  • 05 May
  • The Real Deal
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Fashion entrepreneur Frank Zarabi sells Wallace Neff-designed mansion for $19M

Frank Zarabi of Fam Brands and 419 Robert Lane (Fam Brands, Redfin) Fashion entrepreneur Frank Zarabi recently sold a Beverly Hills estate for $19 million. Designed by influential Los Angeles architect Wallace Neff, the mansion at 419 ...

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  • 05 May
  • The Real Deal
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Beverly Hills co-workspace faces sanctions on charges of hard partying

Spring Place’s Christian Toraldo Spring Place in Beverly Hills (Twitter, Spring Place) Apparently members of a co-working space in Beverly Hills are doing too much partying and not enough working. The city of Beverly Hills is reviewing ...

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  • 05 May
  • The Real Deal
  • Uncategorized
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Amazon.com to close Whole Foods Market in Tarzana

Whole Foods’ John Mackey with 18700 Ventura Boulevard (Getty, Google Maps) The Whole Foods store in the Tarzana district of the San Fernando Valley will be shuttered by Amazon.com in the wake of its $3.8-billion first-quarter loss. The ...

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  • 05 May
  • The Real Deal
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Developer plans 40-unit apartment building on Westside

A photo illustration of 2448-2460 South Barrington Avenue in the West Los Angeles neighborhood of Sawtelle (Google Maps, iStock) A developer has filed plans for a 40-unit apartment building in the Sawtelle district on L.A.’s Westside. ...

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  • 05 May
  • The Real Deal
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Producer Julia Lebedev gets nearly $50M for Malibu manse

Film producer Julia Lebedev with home on Birdview Avenue (Getty, Zillow) Film producer Julia Lebedev has sold her Mediterranean-style estate in Malibu for $49.1 million. Lebedev, the daughter of Russian oil trader and film producer ...

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  • 04 May
  • The Real Deal
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First American unveils new brand for proptech VC

Parker 89’s managing directors Nate Levin and Paul Hurst (Parker89, iStock) Proptech is hot, drawing a record $4 billion in investments during the first quarter of this year. First American Financial Corp. is adding to the trend, ...

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  • 04 May
  • The Real Deal
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