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Month: June 2022

No house, plenty of backstory as Colombian billionaire raises ask on Bel Air parcel

Colombian billionaire Jaime Gilinski, Ponzi schemer Robert Shapiro and is 805 Nimes Place (Zillow, Getty Images) An LLC tied to the Colombian billionaire Jaime Gilinski is raising the asking price — by $11 million — on an undeveloped ...

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  • 13 Jun
  • The Real Deal
  • Uncategorized
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Interwest Capital buys 142-unit apartment complex at Ontario Ranch

Interwest Capital Group CEO Alex Roudi and 551 East Riverside Drive in Ontario, CA (Interwest Capital, Rent.com) Investors keep pouring money into Southern California’s multifamily market, with the latest deal coming on an apartment ...

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  • 10 Jun
  • The Real Deal
  • Uncategorized
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Developer plans all-affordable complex in South LA

Rendering of 314/324 West 45th St, Los Angeles (PQNK, iStock) A developer filed plans to build a five-story affordable housing complex atop a currently vacant lot in South L.A. The project is an initiative of Steel Industries, an ...

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  • 10 Jun
  • The Real Deal
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John McEnroe aces sale of Malibu beachfront cottage

John McEnroe and 23712 Malibu Colony Road (Getty, Zillow) Pro tennis Hall-of-Famer John McEnroe aced the sale of his longtime home in Malibu Colony, getting $29 million for the beachfront cottage. McEnroe and his wife, ’80s rockstar ...

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  • 10 Jun
  • The Real Deal
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Member of Anaheim ‘cabal’ to plead guilty amid corruption scandal that killed stadium sale

Todd Ament (Twitter/AnaheimBeautifu) The former head of the Anaheim Chamber of Commerce will plead guilty in connection with a continuing political corruption scandal that has embroiled the Angels pro baseball team and the Disneyland ...

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  • 10 Jun
  • The Real Deal
  • Uncategorized
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Linear park planned for Slauson Corridor of South L.A.

Slauson Connect Recreation Center (Paul Murdoch Architects) The City of Los Angeles plans to build a recreation center and park along a railroad corridor in South L.A. The city has showcased plans for the Slauson Connect Recreation ...

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  • 10 Jun
  • The Real Deal
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Boss of mortgage REIT sells Beverly Hills Post Office mansion

1300 Beverly Estate Dr (Zillow) The boss of a real estate investment trust focused on residential mortgages won’t likely need one anytime soon. R. Craig Pica, chairman and founder of Santa Rosa-based Provident Mortgage Trust, recently ...

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  • 10 Jun
  • The Real Deal
  • Uncategorized
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Alagem’s Beverly Hills One adds Aman

Cain International’s Jonathan Goldstein and Alagem Capital Group’s Beny Alagem with a renderings of One Beverly Hills (DBOX for Alagem Capital, Getty) Beny Alagem’s posh Waldorf Astoria Beverly Hills and iconic Beverly Hilton will soon ...

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  • 09 Jun
  • The Real Deal
  • Uncategorized
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Simon Property, Macerich to restart work on 400K sf outlet in Carson

Macerich’s Thomas O’Hern, Carson Mayor Lula Davis-Holmes and Simon’s David Simon with rendering of Los Angeles Premium Outlets (City of Carson, Macerich) Mall operators Simon Property Group and Macerich are restarting work on a large ...

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  • 09 Jun
  • The Real Deal
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LA investor buys Meta campus in Sunnyvale for $700M

Tishman Speyer’s Rob Speyer and CommonWealth’s Brett Munger with 1275-1395 Crossman Avenue (Tishman Speyer, CommonWealth Partners) A Los Angeles-based investor has paid $707 million for a Silicon Valley campus that’s fully leased to ...

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  • 09 Jun
  • The Real Deal
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