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Month: May 2022

Cushman & Wakefield buys three Cresa offices in LA

Cushman & Wakefield’s Dan Broderick, Phil Brodkin; and (formerly) Cresa’s Matthew Miller(Cushman & Wakefield, Cresa) Cushman & Wakefield has bought Cresa’s operations in Los Angeles, folding them into an upper-tier of ...

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  • 18 May
  • The Real Deal
  • Uncategorized
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Pasadena withstands AG’s slings and arrows on SB 9

Pasadena mayor Victor Gordo and attorney general Rob Bonta (iStock, Rob Bonta, City of Pasadena, Illustration by Kevin Cifuentes for The Real Deal) In the end, lawyers modified the language slightly and both sides claimed victory — ...

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  • 18 May
  • The Real Deal
  • Uncategorized
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Mayor wants stake in heart of San Bernardino zombie mall

San Bernardino Mayor John Valdivia with Carousel Mall (City of San Bernardino, Google Maps) A zombie mall in downtown San Bernardino that was the subject of a three-alarm blaze last weekend should be torn down, the city’s mayor said. ...

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  • 17 May
  • The Real Deal
  • Uncategorized
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Self-storage billionaire lists Malibu estate in Paradise Cove

Tammy Hughes Gustavson and 27628 Pacific Coast Highway (LinkedIn, Coldwell Banker Realty) A self-storage billionaire is selling her 3.5-acre estate in Paradise Cove in Malibu for $127.5 million. Tammy Hughes Gustavson has listed the ...

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  • 17 May
  • The Real Deal
  • Uncategorized
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Feds probe Anaheim mayor over Angel Stadium sale

Harry Sidhu, Mayor of Anaheim (Getty Images/Photo Illustration by Steven Dilakian for The Real Deal) The FBI is investigating Anaheim Mayor Harry Sidhu for alleged corruption related to the $320-million sale of Angel Stadium. The ...

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  • 17 May
  • The Real Deal
  • Uncategorized
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Custom luxe developer sells mansion in Pacific Palisades

Story Company’s Billy Lehman Goodyear and a rendering 1529 Amalfi Drive (Story Company, Aeries Development) Custom luxury homes developer Story Company, a three-year-old partnership of AMG Capital and Aeries Development, has closed a ...

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  • 17 May
  • The Real Deal
  • Uncategorized
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Ara Tavitian scores $150M refi on The Reef in DTLA

1933 South Broadway (Loopnet, iStock) Ara Tavitian has scored a $150 million refinancing deal on The Reef mixed-use property in Downtown L.A., as he pushes ahead with a $1.2 billion redevelopment plan, The Real Deal has learned. ...

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  • 17 May
  • The Real Deal
  • Uncategorized
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Texas investor seeks premium on sale of Antelope Valley retail

Spirit Realty’s Jackson Hsieh with 5038 West Avenue North (Real Share Net Lease, Loopnet) The exodus from California to Texas includes a Dallas-based investor looking to sell a retail property in the Antelope Valley of northern L.A. ...

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  • 17 May
  • The Real Deal
  • Uncategorized
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Colton to extend moratorium on distribution warehouses

Colton Mayor Frank J. Navarro (City of Colton, California) The City of Colton has hit triple-pause on its moratorium against building distribution warehouses. The Inland Empire city has extended its moratorium for the third time while ...

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  • 16 May
  • The Real Deal
  • Uncategorized
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Red Mountain goes shopping for retail in Inland Empire

Red Mountain Retail Group’s Michael H. Mugel with 11901-12089 Central Ave (Red Mountain, Newmark, iStock) An Orange County investor has paid $42.3 million for a 168,000-square-foot shopping center in Chino. Red Mountain Retail Group, ...

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  • 16 May
  • The Real Deal
  • Uncategorized
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