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Month: June 2022

CIM group files more plans in South LA

CIM Group’s Shaul Kuba and a rendering of 3105 South Western Avenue (CIM, Bittoni Architects) For 15 years the major L.A.-based developer CIM Group and cofounder Shaul Kuba have been buying up and developing dozens of properties in and ...

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  • 27 Jun
  • The Real Deal
  • Uncategorized
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Historic Saks Fifth Avenue complex in Beverly Hills eyed for redevelopment

HBC’s Richard Baker with 9600 Wilshire Blvd (SFA, Cornell) The historic Saks Fifth Avenue in Beverly Hills is heading down the boulevard. The upscale department store, a fixture at 9600 Wilshire Blvd. since 1938, is set to move out of ...

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  • 24 Jun
  • The Real Deal
  • Uncategorized
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Another deal for KBS’ Union Bank Plaza falls through

KBS CEO Marc DeLuca and Union Bank Plaza at 445 S Figueroa Street in Los Angeles (Loopnet, LinkedIn) KBS Real Estate’s latest effort to sell the Union Bank Plaza in Downtown L.A. has fizzled, the second deal for the office tower to ...

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  • 24 Jun
  • The Real Deal
  • Uncategorized
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Pending sale of Bel-Air mansion poised to take one of LA’s biggest asks off market

10771 Bellagio Road with Ben Affleck and Jennifer Lopez (Linda May Property Group, Getty) One of Los Angeles’ biggest asks could soon be off of the market. There is pending sale for 10771 Bellagio Rd. in Bel-Air, which was last listed ...

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  • 24 Jun
  • The Real Deal
  • Uncategorized
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LA Rams QB Matthew Stafford flips Hidden Hills home for $21M

LA Rams quarterback Matthew Stafford and 24200 Hidden Ridge Road (Getty, EGC Real Estate Group) It took six weeks for newly recruited Rams quarterback Matthew Stafford to buy a 15,000 square-foot estate in Hidden Hills. A little more ...

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  • 24 Jun
  • The Real Deal
  • Uncategorized
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Luxe broker Mauricio Umansky to join daughters on Netflix series

From left: Mauricio Umansky, Kyle Richards, and Umansky’s daughters with Beverly Hills (Getty, iStock) Everyone wants to buy in Beverly Hills. That, at least, is the premise of a new reality TV real estate show being launched on ...

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  • 24 Jun
  • The Real Deal
  • Uncategorized
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Atlas Capital buys Torrance flex office campus

19401 South Vermont Avenue in Torrance (Loopnet, iStock) After focusing its efforts in recent months on residential towers and studio complexes, Atlas Capital is trying its hand at another asset class, buying a flex office campus in ...

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  • 24 Jun
  • The Real Deal
  • Uncategorized
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Clear Capital buys 232-unit apartment complex in Inland Empire

Clear Capital LLC founding partners (L-R) Daniel Hardy, Eric Sussman, Paul Pellizzon and Greg Worchell with Foothill Ridge apartments, 1334 W. Foothill Blvd., Upland (Clear Capital LLC, Foothill Ridge Apts.) A Los Angeles real estate ...

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  • 23 Jun
  • The Real Deal
  • Uncategorized
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Goodbye Dragon, hello housing: Yet another apartment complex planned for Koreatown

A photo illustration of the planned Vermont Lofts project at 966 South Vermont Avenue (SO.LA, Inc., iStock) A development team filed plans to knock down a long-established Chinese restaurant and build a 90-unit mixed-use complex on the ...

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  • 23 Jun
  • The Real Deal
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Apartments to rise around former Sunkist HQ in Sherman Oaks

Citrus Commons project at 14130 Riverside Drive (Johnson Fain) A former headquarters for Sunkist in Sherman Oaks has been turned into creative offices and now plans call for them to be surrounded by a mixed-use project with 249 ...

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  • 23 Jun
  • The Real Deal
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