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Month: June 2022

LA County antes up $163M on four affordable housing projects

Render of housing project at 2111 Firestone Blvd. (Los Angeles County) Los Angeles County will spend $163 million on four affordable housing projects planned for Florence-Firestone, Alhambra and the West L.A. VA campus. The $163 ...

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  • 17 Jun
  • The Real Deal
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Angels owner seeks $5M to cover costs on nixed stadium deal

Angels’ Arte Moreno with Angels Stadium (Getty, iStock) A management company led by Angels baseball owner Arte Moreno wants $5 million to cover the costs of the nixed Angel Stadium deal. An attorney for Moreno’s SRB Management notified ...

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  • 17 Jun
  • The Real Deal
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LAX-area Motel 6 leaves light on for $46M sale to Inland Empire investor

G6 Hospitality’s Rob Palleschi with 5101 West Century Boulevard (LinkedIn, Google Maps) Rancho Cucamonga-based firm Income Property Investments bought a Motel 6 location near Los Angeles International Airport. The 266–room property at ...

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  • 17 Jun
  • The Real Deal
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SF outfit plans Vernon data center near DTLA hubs

Prime Data Centers’ Nicholas Laag and a rendering of the Vernon data center (Prime Data Centers) A San Francisco developer has filed plans to build a 261,000-square-foot data center in Vernon. Prime Data Centers, a wholesale data ...

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  • 17 Jun
  • The Real Deal
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Summer Sizzle: Get $25 off your annual TRD subscription (and your first month for $1)

Summer is sizzling and so are the deals —if you know where to look. For just $1, let The Real Deal guide you through real estate’s ever-changing landscape with a full month of unlimited access to in-depth reporting you won’t find ...

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  • 17 Jun
  • The Real Deal
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Tavangarian-designed Palisades home lists for $28M

1051 Vista Grande (Drew Fenton) Architect Ardie Tavangarian achieved the distinction of selling the most expensive residential property in Pacific Palisades when his personal home at 1601 San Onofre Dr., which he also designed, fetched ...

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  • 17 Jun
  • The Real Deal
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Financier Adam Levinson scores $35M loan for Bel Air mansion

Adam Levinson and 642 Saint Cloud Road (LinkedIn/Adam Levinson, Plus Design Group, iStock) The buyer of a newly built $58.5 million Bel Air mansion, identified in reports as hedge fund manager Adam Levinson, took out a $35.1 million ...

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  • 16 Jun
  • The Real Deal
  • Uncategorized
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Pacific Urban picks up Warner Center complex for $415K per unit

From left: Pacific Urban Investors’ Alfred Pace and SPI Holdings’ Dennis Wong with 5807 Topanga Canyon Boulevard (LinkedIn, Trulia) Pacific Urban Investors has bought an apartment complex near the master planned neighborhood of Warner ...

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  • 16 Jun
  • The Real Deal
  • Uncategorized
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New bill could force open bidding in future sale of Angel Stadium

Angel Stadium and State Sen.Tom Umberg (Getty) It could soon be open season for affordable housing developers at Angel Stadium. State Sen.Tom Umberg has responded to the Angel Stadium corruption scandal with a bill that would require ...

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  • 16 Jun
  • The Real Deal
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Neighbor hits Safran’s Hollywood Arts Collective with $15M suit

Hollywood Arts Collective rendering (Hollywood Arts Collective, iStock) The developers of the Hollywood Arts Collective, a major residential complex for artists going up near Hollywood Boulevard, are facing a big lawsuit over alleged ...

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  • 16 Jun
  • The Real Deal
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