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Month: July 2022

UBS sells Montebello shopping center for $84M

UBS Realty’s Matt Johnson (left) and Rod Chu (right) Shoe Palace’s George Mersho (middle) (UBS, LinkedIn, Getty) The CEO of a California streetwear retailer, known for selling expensive Nikes, has bought a shopping center in ...

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  • 22 Jul
  • The Real Deal
  • Uncategorized
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West Harbor project to break ground in San Pedro

Wayne Ratkovich, founder, The Ratkovich Company, and a rendering of the West Harbor development in San Pedro (West Harbor LA, The Ratkovich Company) Developers aim to turn a mile-long stretch of San Pedro waterfront into a West Harbor ...

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  • 22 Jul
  • The Real Deal
  • Uncategorized
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Santa Monica, WeHo most expensive rent cities in LA County

(Illustration by The Real Deal with Getty) Los Angeles market rents continue to climb, according to a survey of the most expensive, as well as the cheapest, cities in metro area for renters. Santa Monica was the most expensive city to ...

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  • 22 Jul
  • The Real Deal
  • Uncategorized
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Blufftop home in Laguna Beach asking $32M

31877 Circle Drive (Coldwell Banker Realty, Illustration by The Real Deal with Getty Images) A two-bedroom home on a Laguna Beach bluff with steps down to a beachside cabana has listed for $32 million. The asking price works out to ...

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  • 22 Jul
  • The Real Deal
  • Uncategorized
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Details emerge on Apple office campus in Culver City

Apple’s Tim Cook with Venice and National (Illustration by Shea Monahan for The Real Deal with Apple, Gensler, Getty) Apple wants to build its 536,000-square-foot regional headquarters cloaked in designer copper. The Cupertino-based ...

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  • 21 Jul
  • The Real Deal
  • Uncategorized
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Andreessen Horowitz signs lease for new Santa Monica office

Ben Horowitz and Marc Andreessen with 1305 2nd Street in Santa Monica (Getty, KFA) Andreessen Horowitz, one of Silicon Valley’s most prominent venture capital firms, is opening a new office in Santa Monica. The firm signed a lease ...

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  • 21 Jul
  • The Real Deal
  • Uncategorized
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JPMorgan makes Inland Empire’s biggest Q2 industrial buy for $180M

Jamie Dimon with 5555 Jurupa Street (Loopnet, Getty) JPMorgan isn’t dipping its toes in the industrial market — it’s diving head first with an $180 million warehouse buy in the Inland Empire. The investment bank bought a ...

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  • 21 Jul
  • The Real Deal
  • Uncategorized
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SoCal home payment rise an average 45% in last year

(Illustration by The Real Deal with Getty Images) The typical Southern California home buyer now faces a record-breaking $3,311 payment — up 45 percent in the last year. Home buying lurched to the sixth-slowest June since 1988, ...

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  • 21 Jul
  • The Real Deal
  • Uncategorized
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Transwestern snaps up Antelope Valley site to build 100K sf warehouse

Transwestern’s Larry Heard with rendering of Legacy Lane warehouse project (Transwestern) A Texas developer has bought land in the Antelope Valley with plans to build a 100,000-square-foot warehouse. Transwestern Investment Group, ...

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  • 21 Jul
  • The Real Deal
  • Uncategorized
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Stockbridge Capital pays nearly $138M for Filipinotown apartments

Stockbridge Chiefs Terry Fancher and Sol Raso with The Bahay (Apartments, Stockbridge) Stockbridge Capital Markets made one of the biggest multifamily purchases in the Los Angeles market during the second quarter with the nearly $138 ...

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  • 21 Jul
  • The Real Deal
  • Uncategorized
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