Month: July 2022

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 Rexford Industrial Realty for $500 per square foot, taking advantage of soaring industrial prices. The L.A.-based industrial REIT bought…

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 from the asking price earlier this year. The manse at 1301 Collingwood Place in the Bird Streets…

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 penthouses in Los Angeles has hit the market at 8899 Beverly Boulevard, the Los Angeles Times reported. A tandem…

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 hospitality project in Downtown Los Angeles, just a day before a public auction scheduled by lender Westridge Lending Fund. Lizard in…

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 its Culver City lot with an office and production studio expansion. The motion picture and TV studio is constructing the…

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 recently found guilty of bribing former City Councilman Jose Huizar, is planning to build…

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 319-unit mixed-use development in Arcadia. Trammell Crow Residential, based in Dallas, has been approved by the city…

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, Wisconsin, franchise Century 21 Affiliated announced July 26 that it would merge with Southern California-based Century 21 Award. Headquartered in San…

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 producer Sarah Siegel-Magness has listed her polo compound at 200 Lambert Road in Carpinteria for $50 million,…

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 Group, based in Temple City, has proposed establishing a new Porsche dealership and car wash on two…