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Month: June 2022

LA County buys 20-room beachfront motel for homeless

Redondo Beach Mayor Bill Brand with 716 S. Pacific Coast Highway ( Brittany Murray, Livable California, iStock) Los Angeles County and a nonprofit housing agency have paid $6.3 million for a 20-room motel in Redondo Beach to turn into ...

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  • 21 Jun
  • The Real Deal
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CenterPoint pays $101M for Jurupa Valley industrial

CenterPoint Properties’ Bob Chapman and 10855 Philadelphia Avenue (Loopnet, CenterPoint Properties) CenterPoint Properties has bought an industrial property in Jurupa Valley — its fifth purchase in the Inland Empire since September. ...

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  • 21 Jun
  • The Real Deal
  • Uncategorized
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JV scores construction financing for 1.7M sf Ontario Ranch industrial complex

Clarion Partners’ David Gilbert with Eucalyptus and Euclid Avenue in Ontario Ranch (Loopnet, Clarion Partners) Clarion Partners has scored cash to start construction on the first phase of its 1.7 million-square-foot industrial project ...

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  • 21 Jun
  • The Real Deal
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Price of retail deal on Pasadena’s Colorado Boulevard nears pre-pandemic mark

Rockwood Capital’s Tyson Skillings and 64 Colorado Boulevard (Rockwood Capital, LoopNet) Rockwood Capital has sold a trio of retail stores in Pasadena for about $1 million more than the firm bought them for in 2014. The San ...

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  • 21 Jun
  • The Real Deal
  • Uncategorized
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Hedge fund billionaire Jeffrey Feinberg looks to flip Brentwood spec mansion

1047 N. Bundy Drive (Whipple Russell Architects, iStock) A year after hedge fund billionaire Jeffrey Feinberg paid $44 million for an 18,000-square-foot Brentwood estate overlooking the Getty Museum, he’s listing it for $4 more. ...

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  • 21 Jun
  • The Real Deal
  • Uncategorized
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Beverly Hills home with link to late Lew Wasserman lists for $42M

514 Doheny Rd (Zillow) A Beverly Hills home which once belonged to the daughter of legendary Hollywood power broker Lew Wasserman has hit the market for $42 million, an ask that rides well above nearby properties on the basis of price ...

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  • 21 Jun
  • The Real Deal
  • Uncategorized
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Tech focused AXCS Capital acquires veteran multifamily financier George Smith Partners

From left: AXCS Capital’s John Day and George Smith Partners’ Steve Bram (AXCS, George Smith Partners, iStock) A newly incorporated commercial real estate advisory company has acquired George Smith Partners, an investment banking firm ...

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  • 21 Jun
  • The Real Deal
  • Uncategorized
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Iconic Los Angeles-area architect Herry Gesner dies at 97

Harry Gesner (inset) and Ravenseye, one of the homes he designed. (File Photo and Getty) Harry Gesner, a West Coast architect who designed some of Malibu’s most distinctive homes including the famous Wave House, died this week at the ...

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  • 19 Jun
  • The Real Deal
  • Uncategorized
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Emma Stone sells Malibu home after just one week on market

Emma Stone’s Malibu home. (Neue Focus/Sotheby’s International Realty) Hollywood heavyweight Emma Stone has sold her cliffside Malibu home after it spent just one week on the market last month. The Wall Street Journal is reporting the ...

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  • 19 Jun
  • The Real Deal
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Store this: Multifamily developer LaTerra plans another 98K sf in hot category

Chris Tourtellotte and 6850 Vineland Avenue (Twitter/CTourtellotte, LoopNet, iStock) An established multifamily developer filed plans for a nearly 100,000 square foot self storage project in North Hollywood, a project that’s part of ...

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  • 17 Jun
  • The Real Deal
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