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Month: May 2022

City Councilman exits race, endorses Caruso for LA mayor

Candidate Rick Caruso, Councilman Joe Buscaino and Los Angeles City Hall (Rick Caruso, Joe Buscaino, iStock, Illustration by Kevin Cifuentes for The Real Deal) Los Angeles Councilman Joe Buscaino has dropped out of the mayoral race and ...

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  • 13 May
  • The Real Deal
  • Uncategorized
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East End Capital plans second studio complex in Arts District

East End Capital’s Jonathon Yormak and David Peretz and the southeastern corner of South Alameda Street and 6th Street (East End, Google Maps) East End Capital is planning to build its second studio complex in the Arts District. The ...

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  • 13 May
  • The Real Deal
  • Uncategorized
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City of LA approves settlement to spend $3B to house the homeless

Mayor Eric Garcetti (Wikipedia, iStock) The City of Los Angeles approved a legal settlement to spend $3 billion to develop enough housing to shelter 16,000 homeless residents. The approval by the City Council comes six weeks after the ...

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  • 12 May
  • The Real Deal
  • Uncategorized
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Legacy Partners unloads 209-unit apartment complex in West Covina for $92M

Legacy Partners’ W. Dean Henry with The Verandas (Legacy Partners, The Verandas Apartments) Rental housing giant Legacy Partners unloaded The Verandas, a 209-apartment compound in West Covina about  20 miles east of Downtown Los ...

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  • 12 May
  • The Real Deal
  • Uncategorized
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Redlands zombie mall gets OK for retail-housing village

Village Partners’ J. Donald Henry and Michael Morris; rendering of Redlands Mall project (City of Redlands, Village Partners) One more zombie mall bites the dust for mixed-use housing, the latest case coming in the Inland Empire city ...

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  • 12 May
  • The Real Deal
  • Uncategorized
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Laguna Niguel wildfire hits swath of luxury homes

Laguna Niguel (Jeff Gritchen/Orange County Register/Getty, OC Register, iStock) A late afternoon wildfire fueled by gusty winds exploded along a ridgeline in Laguna Niguel on Wednesday, burning an estimated 20 homes valued between $2.6 ...

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  • 12 May
  • The Real Deal
  • Uncategorized
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$54M for Santa Clarita retail center

Dollinger Properties’ Dave Dollinger and Plaza at Golden Valley mall (Crexi, Getty Images) A Bay Area investor has added to its statewide portfolio with a $54 million deal for a retail center in Southern California. Dollinger ...

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  • 12 May
  • The Real Deal
  • Uncategorized
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Villa Firenze listed for $120M

Roy Eddleman and exterior of Villa Firenze (University of California Irvine, Zillow) Once on the short list to be ranked as the most expensive residential sale in the Los Angeles area, palatial Villa Firenze is on the market again, but ...

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  • 11 May
  • The Real Deal
  • Uncategorized
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Six-story apartments eyed at Santa Monica and La Cienega

Renderings of the project at 8500 Santa Monica Blvd (Tighe Architects) A developer has filed plans to build a 30-unit apartment building at Santa Monica and La Cienega in West Hollywood. A builder listed as 8500 WH has proposed ...

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  • 11 May
  • The Real Deal
  • Uncategorized
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New owner wants to enlarge controversial Glendale hotel project

1633 Victory Boulevard, Glendale and Senior Planner at City of Glendale Dennis Joe (Google Maps, LinkedIn) A developer who bought a controversial hotel project in Glendale’s Riverside Rancho neighborhood is planning to enlarge it. An ...

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  • 11 May
  • The Real Deal
  • Uncategorized
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