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Month: July 2022

Mexican banking heir sells Commerce industrials to Rexford for $92M

Rexford’s Howard Schwimmer and Michael Frankel with 6000 and 6027 Bandini Boulevard (Rexford Industrial Realty, Google Maps) An heir to a banking and real estate fortune in Mexico has sold two industrial properties in Commerce to ...

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  • 29 Jul
  • The Real Deal
  • Uncategorized
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Car connoisseur’s mansion in Hollywood Hills relists for $48M

1301 Collingwood Place near Hollywood and Long Arc Capital’s Kipp Nelson (Beverley Hills Estates, Long Arc Capital) A Hollywood Hills mansion built for a car connoisseur has relisted for $48 million – a nearly 13 percent price chop ...

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  • 29 Jul
  • The Real Deal
  • Uncategorized
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Townscape Partners asks $50M for WeHo penthouse

Townscape Partners’ Tyler Siegel and John Irwin; 8899 Beverly Blvd. (Nils Timm, Getty) Townscape Partners has a lofty target for the penthouse atop its new condominium project in West Hollywood: $50 million. One of the grandest ...

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  • 29 Jul
  • The Real Deal
  • Uncategorized
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Spring Street hotel project heads to bankruptcy court

Lizard Capital’s Jack Deng and a rendering of the Spring Street Hotel (Lizard Capital, Adam Sokol Architecture Practice) Beijing-based developer Lizard Capital has filed for bankruptcy on the Spring Street Hotel, a planned 170-key ...

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  • 29 Jul
  • The Real Deal
  • Uncategorized
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Sony adds office wing to 1930s workshop in Culver City

Sony Pictures Entertainment ceo and chairman Tony Vinciquerra with Scenic Arts Building addition, Sony Pictures Studios, 10202 W. Washington Blvd. in Culver City (Rios, Getty) Sony Pictures Studios is revamping an Art Deco building on ...

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  • 29 Jul
  • The Real Deal
  • Uncategorized
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Development firm linked to bribery convict plans Westlake apartment project

Dae Yong Lee and a rendering of the new apartment complex in Westlake (LA City Planning, Illustration by Priyanka Modi for The Real Deal with Getty) A development firm previously managed by Dae Yong Lee, a real estate developer who was ...

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  • 28 Jul
  • The Real Deal
  • Uncategorized
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Trammell Crow Residential to build 319 apartments in Arcadia

Trammell Crow Residential ceo Ken Valach with renderings of the Alexan project at 150 N. Santa Anita Avenue in Arcadia (LinkedIn, Studio One Eleven, Illustration by The Real Deal) A Texas developer has received approval to build a ...

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  • 28 Jul
  • The Real Deal
  • Uncategorized
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Top Century 21 franchises merge in cross-country deal

Century 21’s Dan Kruse, Jasen Schrock, and David Romero (Century 21 Affiliated, Getty Images) Century 21 Real Estate’s top franchise office recently announced that it will enter the Southern California market. Based in Madison, ...

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  • 28 Jul
  • The Real Deal
  • Uncategorized
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Carpinteria polo fields for sale at $50M

Sarah Siegel-Magness and Cancha de Estrellas at 200 Lambert Road (Getty, Compass) The only dwelling is an Airstream trailer, but the 61-acre estate near Santa Barbara has manicured grounds for polo ponies not far from the beach. Film ...

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  • 28 Jul
  • The Real Deal
  • Uncategorized
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Rusnak to build Porsche dealership in Pasadena

Rusnak Auto Group’s Victoria Rusnak with 2915 E. Colorado Blvd (LinkedIn, City Staff Report, Getty) The owner of a Porsche dealership has filed plans to build a 60,200-square-foot showroom on the east side of Pasadena. The Rusnak Auto ...

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  • 28 Jul
  • The Real Deal
  • Uncategorized
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