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Month: July 2022

Century-old villa in Bel-Air sells for $35M

Howard Ruby (right) and the late Yvette Mimieux Ruby with 500 Perugia Way in Los Angeles (Getty, Zillow) A century-old mansion in Bel-Air designed to look like a villa on Italy’s Amalfi Coast has sold for $35 million – $14.5 million ...

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  • 19 Jul
  • The Real Deal
  • Uncategorized
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City Ventures to build 60 townhomes in Compton

City Ventures’ Mark Buckland with 930 W. Compton Blvd (Google Maps, City Ventures) An Orange County developer has won approval to build 60 townhomes in Compton. City Ventures, based in Irvine, got the go-ahead from the city to build ...

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  • 19 Jul
  • The Real Deal
  • Uncategorized
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SF Art Institute to close after 151 years

A photo illustration of the San Francisco Art Institute at 800 Chestnut Street, as well as its famous Diego Rivera mural (SFAI, Getty) The San Francisco Art Institute will close its campus on Russian Hill after 151 years. The Art ...

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  • 18 Jul
  • The Real Deal
  • Uncategorized
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Agent-turned-designer has pending deal for $21M Beverly Hills spec house

Leslie Minniti and 9674 Highridge Drive (Compass, Redfin) A real-estate-agent-turned-designer has a pending sale of her $21 million spec home in Beverly Hills. According to listing sites, a deal is pending for 9674 Highridge Drive, an ...

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  • 18 Jul
  • The Real Deal
  • Uncategorized
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LA residential sales drop 21%

From left: Michael Williamson, Robert Maschio, Derek Reilly (SIR, Derek Reilly, Robert Maschio, Getty) The frenzied bidding wars for homes with escalating prices may have peaked, sending a shockwave through the industry, according to a ...

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  • 18 Jul
  • The Real Deal
  • Uncategorized
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Failed Koreatown affordable housing project spawns lawsuit

Strategic Realty’s Eddie Lorin (right) and Dr. Renee Kaswan with 167 South Normandie Avenue in Koreatown (Alliant Strategic, LoopNet, Floating Doctors) A Wyoming-based foundation has accused L.A. developer Edward “Eddie” Lorin, founder ...

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  • 18 Jul
  • The Real Deal
  • Uncategorized
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Uncommon Developers plans 405-unit complex in Van Nuys

Uncommon Developers’ Jason Larian and Ryan Hekmat with a rendering of 6728 Sepulveda Boulevard (LinkedIn, Works Progress Architecture) Uncommon Developers plans to build a 405-unit apartment project in Van Nuys. The Van Nuys-based ...

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  • 18 Jul
  • The Real Deal
  • Uncategorized
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Greenland puts Metropolis apartment tower in DTLA up for sale

Greenland Holdings’ Zhang Yuliang and the Thea at Metropolis tower (Getty, Thea at Metropolis) Greenland Group is selling more than its Hotel Indigo in Downtown L.A. — it’s selling another portion of its Metropolis development ...

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  • 18 Jul
  • The Real Deal
  • Uncategorized
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Instil Bio to build manufacturing plant in Tarzana

Rendering of Instil Bio’s life sciences campus project at 18404-18412 Oxnard Street (CBRE) Instil Bio, a life sciences company based in Texas, has secured an $85 million loan to build a 102,000-square-foot laboratory and manufacturing ...

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  • 18 Jul
  • The Real Deal
  • Uncategorized
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Bridge Investment buys Inland Empire truck terminal for $6M per acre

Bridge Investment Group CEO Jonathan Slager and 2650 South Willow Avenue (Bridge Investment Group, LoopNet, iStock) UPDATED, July 15, 2022, 11:21 a.m.: Bridge Investment Group has bought a trucking terminal in the Inland Empire for $83 ...

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  • 16 Jul
  • The Real Deal
  • Uncategorized
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