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Month: May 2022

CIM Groups sells apartments near LAX to Swiss investor

CIM Group’s co-founder Shaul Kuba and Zurich Insurance’s CEO of North America Kristof Terrynwith the property at 8820 South Sepulveda (Zurich, Google Maps) A Switzerland-based investment firm is tapping into Southern California’s ...

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  • 24 May
  • The Real Deal
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Golf course housing bill dies on the green

Assemblymember Cristina Garcia (Wikipedia, iStock) A California bill that sought to offer incentives for housing construction on public golf courses has died in the state legislature. Assembly Bill 1910, which was introduced by an L.A. ...

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  • 24 May
  • The Real Deal
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Preservationists aim to acquire Hollywood Hills monastery

Monastery of the Angels (Google Maps, iStock) A newly formed group of preservationists are working to keep a nearly century-old monastery in the Hollywood Hills off the drawing boards of any developers. Los Angeles preservationists and ...

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  • 24 May
  • The Real Deal
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TCW inks largest pandemic-era office lease in DTLA

TCW’s David Lippman with and the City National Plaza at 515 S. Flower Street (David Lippman, City National Plaza) Asset management firm TCW Group has agreed to move its headquarters out of the 52-story TCW Tower in Downtown, a ...

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  • 23 May
  • The Real Deal
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eBay goes brick and mortar on popup for sneakerheads

eBay’s Jamie Iannone with 455 North Fairfax Avenue (eBay, Google Maps) eBay is going physical. The e-commerce online auction house is opening a bricks-and-mortar store at 455 North Fairfax Avenue this week to sell sneakers, the company ...

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  • 23 May
  • The Real Deal
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Woodland Hills apartment complex trades for first time in 50 years

The Lightstone Group’s Gary Leshgold and 6220 Owensmouth Avenue (LinkedIn/Gary Leshgold, ApartmentFinder.com, iStock) An apartment complex in Woodland Hills was traded for the first time since it was built in the 1970s. Gary Leshgold ...

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  • 23 May
  • The Real Deal
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Irvine Company lands Capital Grille for NYC trophy property

Irvine Company chairman Donald Bren, Tishman Speyer CEO Rob Speyer, and 200 Park Avenue (Getty Images, Irvine Company, iStock) The Irvine Company and Tishman Speyer are heating things up at 200 Park Avenue with a major restaurant ...

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  • 23 May
  • The Real Deal
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Related Companies to sell Argyle House in Hollywood

Jeff Blau with 1755 Argyle St (LinkedIn, Commercial Observer) Related California has listed an 18-story luxury apartment building in the heart of Hollywood for an undisclosed price. The Irvine-based affiliate of Related Companies has ...

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  • 23 May
  • The Real Deal
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Frank Gehry’s long-awaited Santa Monica project takes big step forward

Frank Gehry and the Ocean Avenue Project (Getty, Ocean Avenue Project, iStock) A long-awaited Frank Gehry project in downtown Santa Monica took a major step forward last week. The city’s planning commission discussed the “Ocean Avenue ...

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  • 23 May
  • The Real Deal
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Luxe test case as Malibu listing returns to market with 21 percent hike

23826 Malibu Road (Redfin) A Malibu house is poised to test the luxury market in Los Angeles, coming back on market at $42.5 million––a 21 percent increase from its asking price in December, according to property site Zillow. The price ...

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  • 23 May
  • The Real Deal
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