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Month: May 2022

Newly built Inland Empire warehouse fetches $83M

BentallGreenOak Sonny Kalsi and Stream Realty’s Lee Belland and Mike McVean with 10380 Alder Avenue (LinkedIn, Stream Realty Partners, LoopNet) Stream Realty is cashing in on the hot industrial market in the Inland Empire. The ...

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  • 19 May
  • The Real Deal
  • Uncategorized
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Foreclosed Beverly Flats home listed for $22M

Haim “Milo” Revah and the property at 705 N. Alta Drive in Beverley Hills (Redfin, Getty) A Georgian-style mansion of nearly 12,000 square feet has gone through foreclosure and arrived on the market in the exclusive Beverly Hills Flats ...

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  • 19 May
  • The Real Deal
  • Uncategorized
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CIM clears hurdle toward building 109-unit complex in Hollywood

CIM Group’s Shaul Kuba with renderings of the project at 6007 Sunset Blvd in Hollywood (Cim Group, Getty) A local developer has won preliminary approval to build a 109-unit apartment complex in Hollywood across from a controversial ...

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  • 19 May
  • The Real Deal
  • Uncategorized
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Gucci plans flagship at Melrose & Melrose

Michael Shabani with 8400 Melrose Avenue (Google Maps, iStock) Gucci is planting its iconic logo in West Hollywood, The Real Deal has learned. The Italian fashion house is opening a store at 8400 Melrose Avenue — where the street ...

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  • 19 May
  • The Real Deal
  • Uncategorized
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OC commercial brokerage Argent Retail Advisors files for bankruptcy

Argent Retail’s Terence Bortnick (LinkedIn, iStock) Argent Retail Advisors, a commercial brokerage based in Orange County, has filed for Chapter 11 bankruptcy years after the company was hit with a lawsuit related to a fatal shooting ...

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  • 19 May
  • The Real Deal
  • Uncategorized
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Hollywood’s historic Palmer Building could become hotel with rooftop restaurant

Artist Guild Hotels’ Daniel Hyde and the Palmer Building (LinkedIn, AGI) An Orange County developer of boutique hotels has won preliminary approval to convert the century-old Palmer Building on the Hollywood Walk of Fame into a 57-room ...

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  • 18 May
  • The Real Deal
  • Uncategorized
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Sam Nazarian puts Bel-Air manse on market

Sam Nazarian with 385 Copa de Oro Rd (Westside Estate Agency, Kevin Scanlon, iStock, Illustration by Shea Monahan for The Real Deal) Sam Nazarian, a one-time L.A. nightclub and hotel mogul turned “ghost kitchen” magnate, has listed his ...

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  • 18 May
  • The Real Deal
  • Uncategorized
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NYC developer Ben Shaoul eyes 376-unit resi complex near L.A.’s Chinatown

Ben Shaoul and 1457 North Main Street (Getty, LoopNet) A high-profile New York landlord has bigger plans for a multifamily project near Downtown Los Angeles. Ben Shaoul is looking to build a 194,581-square-foot, 376-unit apartment ...

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  • 18 May
  • The Real Deal
  • Uncategorized
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Distressed asset specialist buys Monterey Park campus from Blue Shield

BH Properties’ Andrew Van Tuyle and 601 Potrero Grande Drive (Google Maps, BH Properties) A real estate investor that specializes in distressed assets bought an eight-acre commercial office campus in Monterey Park from Blue Shield of ...

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  • 18 May
  • The Real Deal
  • Uncategorized
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Feuer exits mayoral race, backs Bass

From left: Mayoral candidates Rick Caruso, Karen Bass and Kevin de León (Getty Images, iStock/Photo Illustration by Steven Dilakian for The Real Deal) The galloping race to become mayor of Los Angeles Mayor has lost another entry, with ...

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  • 18 May
  • The Real Deal
  • Uncategorized
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