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Month: August 2022

LA investment firm Preylock scores $581M loan for Amazon-leased warehouses

Preylock’s Brett Lipman and an Amazon warehouse at 12945 Ladera Drive NW in Albuquerque, New Mexico (Getty, Linkedin, Amazon.com, Inc./Public domain/via Wikimedia Commons) Preylock Real Estate, an investment firm based in Century City, ...

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  • 02 Aug
  • The Real Deal
  • Uncategorized
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Newly approved Sunset Boulevard megaproject up for sale

Rendering of 1111 Sunset Blvd and Palisades Capital Partners’ Brian Falls (1111 Sunset Blvd, LinkedIn, Getty) Weeks after gaining city approval, the developers behind one of Central L.A.’s biggest projects in waiting have put it on the ...

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  • 02 Aug
  • The Real Deal
  • Uncategorized
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Assessor: LA County property value hits record $1.9T

Los Angeles County Assessor Jeff Prang (Los Angeles County Office of the Assessor, Getty Images) The value of Los Angeles County properties has reached a record close to $1.9 trillion. The county’s total assessed property value for ...

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  • 02 Aug
  • The Real Deal
  • Uncategorized
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Will Cecil Hotel’s troubled history end in full occupancy?

After spending tens of millions of dollars to convert the troubled Cecil Hotel in Downtown L.A. into homeless housing, Simon Baron Development has faced headwinds in trying to fill the units. Now a new threat has materialized in rumors ...

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  • 02 Aug
  • The Real Deal
  • Uncategorized
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Rising interest rates put brakes on home sales

(Illustration by The Real Deal with Getty Images) The Federal Reserve’s rising interest rates have put the brakes on Los Angeles housing sales, based on a recent report from brokerage Douglas Elliman. The report found that in June, ...

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  • 01 Aug
  • The Real Deal
  • Uncategorized
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Meet Rick Caruso’s successor-in-waiting: Corinne Verdery

Corinne Verdery, a rendering of 333 La Cienega, and Rick Caruso (Getty Images, Caruso Affiliated) When it opened in 2019, the Rosewood Miramar Beach instantly joined the ranks of the world’s most celebrated hotels.  The 161-key resort ...

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  • 01 Aug
  • The Real Deal
  • Uncategorized
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Five-story project aims to fill demand for Hollywood offices

BARDAS Investment Group’s David Simon and Echelon at 717 Seward project (BARDAS Investment Group, Getty) A local developer has pushed ahead with plans to demolish a century-old building and replace it with a five-story office complex ...

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  • 01 Aug
  • The Real Deal
  • Uncategorized
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OC billionaires reconfigure residential portfolios

Sue Gross and Anthony Hsieh with One Thousand Museum and 960 N. Alpine Drive (LoanDepot, One Thousand Museum, Zillow) Two Orange County billionaires have reconfigured their residential real estate portfolios, with one moving to South ...

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  • 01 Aug
  • The Real Deal
  • Uncategorized
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Harbor Group buys multifamily portfolio in Long Beach for $180M

Harbor Group International’s Jordan Stone and 230 West 3rd Street, 101 Alamitos Avenue and 434 East 4th Street (Harbor Group International, Realtor, Loopnet, Getty) Harbor Group International has moved ahead with apartment acquisitions ...

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  • 01 Aug
  • The Real Deal
  • Uncategorized
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