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Month: July 2022

Merlone Geier sells second Palmdale mall in a month

Merlone Geier’s Peter Merlone and Brad Geier with 38003 47th Street East (Merlone Geier, LoopNet) Merlone Geier Partners has sold its second mall in the northern L.A. County city of Palmdale in a month. The San Francisco-based firm ...

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  • 15 Jul
  • The Real Deal
  • Uncategorized
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AECOM’s Pendry in WeHo scores year’s priciest condo sale

The Pendry Residences in West Hollywood (Pendry Residences WeHo) The Los Angeles condo market has set a new high-water mark for 2022. An undisclosed buyer is paying $21.5 million for a penthouse at the Pendry Residences West Hollywood, ...

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  • 15 Jul
  • The Real Deal
  • Uncategorized
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Environmental groups sue to block LA River master plan

(Olin Studio/Gehry Partners/Geosyntec, Getty) Two environmental groups have sued Los Angeles County over a Los Angeles River plan to create Frank Gehry-designed “platform parks” they say does little to naturalize a 51-mile flood ...

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  • 15 Jul
  • The Real Deal
  • Uncategorized
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California hotel developers scale back on construction

Hotels in California (iStock) Developers building hotels in California scaled back during the first half of the year, putting plans on hold as interest rates and construction costs continued to rise. The number of hotels under ...

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  • 15 Jul
  • The Real Deal
  • Uncategorized
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CIM Group plans 146 apartments on Hollywood’s Walk of Fame

CIM Group’s Shaul Kuba with 6611-6637 Hollywood Blvd (CIM, KFA Architecture, iStock) A major developer in Hollywood has filed plans to build a mixed-use, 146-unit apartment building on the Walk of Fame. CIM Group, based in ...

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  • 15 Jul
  • The Real Deal
  • Uncategorized
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Bridge Investment buys Inland Empire UPS truck terminal for $12M per acre

Bridge Investment Group CEO Jonathan Slager and 2650 South Willow Avenue (Bridge Investment Group, LoopNet, iStock) Bridge Investment Group has bought a trucking terminal in the Inland Empire for $83 million. The Salt Lake City-based ...

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  • 14 Jul
  • The Real Deal
  • Uncategorized
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Greenland shopping Hotel Indigo — again

Greenland Holdings’ Zhang Yuliang and the Hotel Indigo in DTLA (Mingtiandi, IHG) Greenland, the Shanghai-based firm at risk of defaulting on its debt payments, has put one of its primary Los Angeles developments up for sale, The Real ...

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  • 14 Jul
  • The Real Deal
  • Uncategorized
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Phoenix investor pays $64M for 132-unit resi complex in Los Feliz

1800 N. New Hampshire Ave (Google Maps, iStock) Alliance Residential paid $64.3 million for a 132-unit apartment complex in Los Feliz. The Phoenix-based investor bought the 34-year-old Vue Los Feliz at 1800 N. New Hampshire Ave.from an ...

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  • 14 Jul
  • The Real Deal
  • Uncategorized
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SoLa Impact plans to build 121-unit apartment complex in Harbor Gateway

SoLa Impact’s Martin Muoto, aerial view & rendering of project on Imperial Hwy & Main (SoLa Impact) SoLa Impact, a development firm lauded for investing in minority neighborhoods and sued for alleged poor conditions at its ...

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  • 14 Jul
  • The Real Deal
  • Uncategorized
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British real estate mogul Nick Candy asks $85M for Holmby Hills home

Nick Candy and The Reserve (Getty, The Agency) British real estate developer Nick Candy has listed a 21,000-square-foot mid-century estate in Holmby Hills for $85 million. The 2-acre property, known as The Reserve, contains a ...

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  • 14 Jul
  • The Real Deal
  • Uncategorized
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