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Month: May 2022

Joint venture plans 33 single family homes in San Gabriel Valley

Intracorp SoCal president Prad Perozzi and IHP Capital Partners ceo and chairman Douglas Neff with a rendering of the project at 2607 S. Santa Anita Avenue in Arcadia (IHP Capital Partners, LinkedIn) An Orange County developer in a ...

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  • 25 May
  • The Real Deal
  • Uncategorized
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Judge cites ‘squishy market,’ approves sale of 777 Sarbonne at less than auction reserve

Alex Khadavi and 777 Sarbonne megamansion (Instagram, Aaron Kirman) A bankruptcy judge denied spec developer and celebrity doctor Alex Khadavi’s bid to stop the sale of his latest megamansion, instead giving approval for a $45.7 ...

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  • 25 May
  • The Real Deal
  • Uncategorized
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Standard Communities pays $532K per unit for newly developed South Gate apartments

Standard Communities’ Chris Cruz and 10930 Garfield Avenue (LinkedIn, Zillow) Standard Communities has bought a newly built apartment complex in South Gate. The Los Angeles-based company paid $130 million for the 244-unit complex at ...

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  • 25 May
  • The Real Deal
  • Uncategorized
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Onni Group wants to add 14-story office in Hollywood

7000 Romaine Street and 948 Sycamore Avenue (Google Maps) Onni Group wants to add a 14-story office complex to a Hollywood site that was once the headquarters for the late tycoon Howard Hughes’ business ventures. Vancouver, ...

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  • 25 May
  • The Real Deal
  • Uncategorized
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Bobby Boyd jumps to Avenue 8’s Office in LA

Avenue 8’s Bobby Boyd (Bobby Boyd) When Bobby Boyd was approached by longtime friend Alan Long for lunch, he didn’t think much of it. But Long, a managing director at residential brokerage Avenue 8, had other plans. He wanted Boyd to ...

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  • 25 May
  • The Real Deal
  • Uncategorized
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Kamini Lane resurfaces as president of Sotheby’s International Realty

Sotheby’s Kamini Lane (Sotheby’s, iStock) Kamini Lane has resurfaced at Sotheby’s International Realty, assuming the post of president nine months after parting ways with Compass. Lane will be based in Beverly Hills and oversee 51 of ...

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  • 25 May
  • The Real Deal
  • Uncategorized
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Anaheim mayor steps down, critics call for end to $320M Angel Stadium sale

Former Anaheim Mayor Harry Sidhu and Angels owner Art Moreno with a rendering of what the future Angel Stadium in Anaheim will be like (City of Anaheim, Wikipedia, Getty) A $320-million deal to sell Angel Stadium and develop more than ...

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  • 24 May
  • The Real Deal
  • Uncategorized
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The Agency goes Dutch

The Agency’s Karina Nipperus (The Agency, iStock) The Agency will continue to broaden its ambitions with the opening of an office in Amsterdam, the latest in a string of new outposts and the first of what its billing as a European ...

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  • 24 May
  • The Real Deal
  • Uncategorized
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Ramit Varma exits mayoral race, endorses Caruso

Former Los Angeles mayoral candidate Ramit Varma iStock, votevarma.com) Tech businessman Ramit Varma, who spent $4 million of his own money to run for Los Angeles mayor, has dropped out of a diminishing field. Varma, the latest to exit ...

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  • 24 May
  • The Real Deal
  • Uncategorized
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KBS looks set for haircut with $165M sale of Union Bank Plaza

KBS Real Estate CEO Charles J. Schreiber Jr. (KBS) KBS Real Estate is in contract to sell the Union Bank Plaza in Downtown Los Angeles for $165 million, The Real Deal has learned. If the transaction closes, it would be one of the ...

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  • 24 May
  • The Real Deal
  • Uncategorized
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