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Month: June 2022

Measure to add tax on property sales over $5M set for November ballot

(iStock) Los Angeles voters will soon decide whether to add a tax on high-end home sales and some commercial properties to fund housing for low-income residents. The City Council voted unanimously to put a measure on the November ...

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  • 16 Jun
  • The Real Deal
  • Uncategorized
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Rate hike likely factor as Shahs of Sunset star settles for $4M trim in Bel Air

Dara Mir (left) and Lilly Ghalichi (right) with daughter Alara; 10614 Chalon Road in Bel Air (Plus Real Estate Group, Instagram/lillyghalichi, iStock) A couple of celebrity links apparently didn’t help former Shahs of Sunset star Lilly ...

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  • 16 Jun
  • The Real Deal
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Silver Lake invests $500M in Hollywood soundstages

Silver Lake co-ceo’s Greg Mondre and Egon Durban (Silver Lake, Wikipedia) A Silicon Valley private equity firm is investing $500 million to build soundstages for TV and film production in Los Angeles, Atlanta and London. Silver Lake, ...

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  • 16 Jun
  • The Real Deal
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Palmdale mall fetches $57M from Texas investor

Merlone Geier’s Peter Merlone and Tabani’s Zaffar Tabani with 39340 10th Street West (Merlone Geier Partners, LinkedIn, Google Maps, iStock) A Texas-based investor has bought a mall in Palmdale, marking what looks to be the firm’s ...

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  • 15 Jun
  • The Real Deal
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State bill would fast-track affordable housing at houses of worship

State Sen. Scott Wiener (Getty, iStock) A Bay Area lawmaker has reintroduced a plan to make it easier for houses of worship to build affordable housing on their lots. State Sen. Scott Wiener, a frequent author of housing reform bills, ...

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  • 15 Jun
  • The Real Deal
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East End Capital’s tab on DTLA site for studio complex: $240M

From left: East End Capital’s Jonathon Yormak and David Peretz and 1338 East 6th Street and 1321 Wholesale Street (East End, Loopnet) East End Capital has spent $240 million on a 15-acre site in the Arts District of Downtown Los ...

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  • 15 Jun
  • The Real Deal
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Karen Bass overtakes Rick Caruso in primary vote for LA mayor

From left: Karen Bass and Rick Caruso (Getty Images, iStock) U.S. Representative Karen has surged to a lead in the ongoing vote tally from last week’s primary mayoral election in Los Angeles, carried by a wave of mail-in ballots that ...

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  • 15 Jun
  • The Real Deal
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Spec developer eyes $35M manse in place of Beverly Hills teardown

Developer Ilan Kenig and a rendering of 702 North Crescent (Nest Seekers Int’l, FMB Development, iStock) The Flats of Beverly Hills stands out as an historic enclave of the famously wealthy city––but its residents aren’t literally ...

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  • 15 Jun
  • The Real Deal
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Trial starts for developer linked to FBI corruption probe of LA City Hall

Dae Yong Lee (inset) and former Councilman José Huizar (Getty, iStock, Federal Prosecutors) A real estate developer linked to an alleged pay-to-play corruption ploy by former Los Angeles Councilman José Huizar is on trial for allegedly ...

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  • 15 Jun
  • The Real Deal
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Prologis to top 100M sf in SoCal with Duke deal

Prologis’ Hamid Moghadam, Duke Realty’s Jim Connor and 10415 8th Street (Prologis, Duke Realty, Google Maps) Prologis’ proposed acquisition of Duke Realty would boost the industrial giant’s portfolio across Southern California by ...

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  • 15 Jun
  • The Real Deal
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