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Month: May 2022

Ritz-Carlton Residences headed to high rise in Newport Beach

The Ritz-Carlton’s Herve Humler with 900 Newport Center Dr ( Google Maps, Event Interface) A 532-room Marriott hotel on the edge of Fashion Island in Newport Beach will be the first hotel in the city to be partially redeveloped into ...

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  • 27 May
  • The Real Deal
  • Uncategorized
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Malibu spec mansion gets $7.5M price chop

5012 Carbon Beach Terrace (Zillow, iStock) A newly developed luxe home overlooking one of Malibu’s most popular beaches has gotten a $7.6 million price chop. 5012 Carbon Beach Terrace was relisted for $39.9 million on May 25, according ...

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  • 27 May
  • The Real Deal
  • Uncategorized
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LA sheds 1 percent of population in pandemic era

(iStock/Photo Illustration by Steven Dilakian for The Real Deal) The population of Los Angeles has fallen by 1 percent during the pandemic, as some residents left for cheaper homes with more space for remote work. The drop mirrors ...

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  • 26 May
  • The Real Deal
  • Uncategorized
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Broadcom’s offer for VMWare sets stage for office consolidation

VMware’s Raghu Raghuram and Broadcom’s Hock Tan with 3401 Hillside Drive and 250 Innovation Drive (VMware, Broadcom, Google Maps) Broadcom’s $61 billion offer for VMware raises the question of what a deal would mean for the more than 2 ...

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  • 26 May
  • The Real Deal
  • Uncategorized
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Tesla plans to go Hollywood with diner, drive-in theater and EV charging station

Tesla’s Elon Musk (Getty, iStock) The iconic Los Angeles drive-in movie theater and snack bar could get a 21st Century upgrade: a Tesla marquee and an EV charging station in Hollywood. The Texas-based electric carmaker has filed plans ...

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  • 26 May
  • The Real Deal
  • Uncategorized
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You can see embezzlement case in Kuwait from Mountain of Beverly Hills

Khaled Al Jarrah Al Sabah (iStock, KUNA/CC0 via Wikimedia Commons) The government of Kuwait is suing the country’s former defense minister over more than $100 million in funds that were allegedly embezzled from the oil-rich state and ...

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  • 26 May
  • The Real Deal
  • Uncategorized
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OC cities make Zillow’s list of top 10 resi markets in U.S.

Old Town Tustin sign and Yorba Linda civic sign (tustinca.org, Waymark) The Orange County cities of Yorba Linda and Tustin made Zillow’s debut top 10 list of most popular housing markets in America. Yorba Linda took the sixth spot and ...

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  • 26 May
  • The Real Deal
  • Uncategorized
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Hedge fund mogul buys 30K sf estate in Bel-Air

Graticule Asset’s Adam Levinson and 642 St. Cloud Road (LinkedIn, Plus Development) The founder of a Singapore-based hedge fund has paid $58.5 million for a newly developed mansion in Bel-Air once connected to a $1.2-billion Ponzi ...

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  • 26 May
  • The Real Deal
  • Uncategorized
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Coldwell Banker adds coastal specialist in OC, team in Studio City

Donovan Healey and Garrett Weston (Coldwell Banker, iStock) Coldwell Banker Realty has added an established Orange County coastal specialist to its luxury division and a team nearing the nine-figure mark in annual sales to its Studio ...

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  • 26 May
  • The Real Deal
  • Uncategorized
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Anaheim scuttles $320-million sale of Angel Stadium

Former Anaheim Mayor Harry Sidhu, Angels owner Art Moreno and rendering of future Angel Stadium in Anaheim (City of Anaheim, Wikipedia, Getty) A crowd of Anaheim residents chanted for city leaders to “ditch the deal!”––and they did. ...

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  • 25 May
  • The Real Deal
  • Uncategorized
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