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Month: June 2022

LaTerra buys Marina del Rey office complex

LaTerra Development’s Charles Tourtellotte with 4112 Del Rey Avenue (LinkedIn, Loopnet) UPDATED, June 29, 2022, 1:02 p.m.: LaTerra Development, a firm known for building apartment and mixed-use complexes across L.A., has bought a ...

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  • 29 Jun
  • The Real Deal
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LA County returns Bruce’s Beach to descendants of Black owners

Bruce’s Beach (Google Maps) Bruce’s Beach, a beachfront property in Manhattan Beach seized from its owners nearly a century ago because they were Black, is being returned to their descendants. The Los Angeles County Board of ...

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  • 29 Jun
  • The Real Deal
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Double feature: Yvette Mimieux’s estate under contract

Yvette Mimieux with 500 Perugia Way (Getty, Jade Mills, iStock) Call it a double feature. A pending sale has been recorded for side-by-side Bel-Air homes that were the residences of late movie star Yvette Mimieux and her husband, ...

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  • 29 Jun
  • The Real Deal
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Development duo moves ahead on 128-unit high-rise in Hollywood

DM Development’s Mark McDonald with 1725-1739 N. Bronson Ave ( DM Development, Steinberg Hart) A pair of developers won preliminary approval to build a 24-story apartment tower south of the 101 Freeway in Hollywood. The Los Angeles ...

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  • 29 Jun
  • The Real Deal
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Tishman Speyer notches priciest LA office sale of year

FS Investments’ Michael Forman and Tishman Speyer’s Rob Speyer with 555 South Aviation Boulevard (Tishman Speyer, LoopNet, iStock) Tishman Speyer has sold an office campus in El Segundo, marking the priciest office deal to close this ...

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  • 27 Jun
  • The Real Deal
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Last commercial orange grove in the San Fernando Valley slated for luxury homes

Councilman Bob Blumenfield with 5300 N. Oakdale Ave (Dean Musgrove, iStock) A swath of the century-old Bothwell Ranch, the last commercial orange grove in the San Fernando Valley, may soon go into the wood chipper and be replaced by ...

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  • 27 Jun
  • The Real Deal
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Script approved on sale of UTA chief’s Brentwood mansion

UTA’s Jeremy Zimmer with 435 N. Cliffwood Ave (Williams & Williams Estate Group, UTA) It may be a wrap for a sale of a mansion owned by a major Hollywood player. A pending sale was recorded recently for the listing at 435 N. ...

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  • 27 Jun
  • The Real Deal
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Amazon buys 120 acres set for 3.4M sf distribution hub

Amazon’s Jeff Bezos and the vacant land near Palm Springs (Getty, Google Maps) Amazon has shown it can move fast for an 800-pound gorilla, going from doubling its real estate portfolio in a pandemic buying spree to declaring it has too ...

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  • 27 Jun
  • The Real Deal
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Stockdale Capital gets early green light for 140K sf medical tower near Cedars-Sinai

From left: Stockdale Capital Partners’ Steven and Shawn Yari with 656 San Vicente Blvd (Stockdale Capital Partners, SCP) A Los Angeles developer has won a preliminary go-ahead to build a 12-story medical office building at Wilshire and ...

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  • 27 Jun
  • The Real Deal
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Northgate Gonzalez fights ‘workforce housing’ project

Darrin Olson of Realm and Northgate Gonzalez CEO Miguel Gonzalez Reynoso with renderings of Magnolia Flats (RealmRE.com, Northgate Market, iStock) A heated, hyperbolic battle over a proposed workforce housing project in Riverside is ...

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  • 27 Jun
  • The Real Deal
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