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Month: August 2022

State bill aims to lower renters’ application fees

Assemblyman Christopher M. Ward (ASMDC, Getty) Apartment hunters who pay fees for multiple rental applications may soon be in for some relief. A state bill poised to land on Gov. Gavin Newsom’s desk would allow renters to buy reusable ...

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  • 24 Aug
  • The Real Deal
  • Uncategorized
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SoLa Impact plans second complex in Harbor Gateway

SoLa Impact founder and CEO Martin Muoto and 248 West Imperial Highway (SoLa Impact, Google Maps) UPDATED, Aug. 24, 2022, 4:48 p.m.: SoLa Impact, a developer that has focused on building complexes in minority neighborhoods, is planning ...

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  • 24 Aug
  • The Real Deal
  • Uncategorized
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Potential sale of Angels Baseball triggers stadium speculation

Arte Moreno and Angels Stadium at 2000 East Gene Autry Way in Anaheim (Getty Images) News that Arte Moreno could sell the Angels Baseball team has left the city of Anaheim reeling over how to move past a failed stadium development ...

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  • 24 Aug
  • The Real Deal
  • Uncategorized
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Blackstone sells Riverside apartment complex for $204M

From left: Blackstone’s Kathleen McCarthy, Silver State Real Estate’s Harshad Dharod, and Blackstone’s Kenneth Caplan with 3610 Banbury Drive (Blackstone, Silver Star, The Foto Finisher) Blackstone has sold an apartment complex in the ...

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  • 24 Aug
  • The Real Deal
  • Uncategorized
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“Nine-figure” upgrade coming to DTLA’s Crypto.com Arena

AEG’s Dan Beckerman and Crypto.com arena at 1111 S. Figueroa Street5 (AEG) The Downtown Los Angeles sports arena formerly known as Staples Center is up for a “nine-figure” makeover, according to its owner. Anschutz Entertainment Group, ...

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  • 24 Aug
  • The Real Deal
  • Uncategorized
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Hollywood office projects qualify for $76M loan

Bardas’ David Simon with rendering of project at 717 Seward Street (Bardas Investment Group) Bardas Investment Group has scored a loan on a new development under construction at Melrose Avenue and Seward Street, The Real Deal has ...

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  • 23 Aug
  • The Real Deal
  • Uncategorized
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Inland Empire project with 1,000 homes starts construction

IHP Capital Partners’ Douglas Neff and Newport Pacific Land; Legado groundbreaking in Menifee, Riverside County (IHP, Newport Pacific Land) Two Orange County developers have broken ground on an Inland Empire development of 1,000 single ...

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  • 23 Aug
  • The Real Deal
  • Uncategorized
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Cindy Crawford’s former Malibu mansion sells at discount

33218 Pacific Coast Highway in Malibu and Cindy Crawford and Randy Gerber (Zillow, Getty) A Malibu estate once owned by Cindy Crawford and Randy Gerber has sold after a $10 million price drop to $89.75 million. Retired hedge-fund mogul ...

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  • 23 Aug
  • The Real Deal
  • Uncategorized
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Borstein looks to build 80 townhomes in Artesia

Borstein’s Alan Borstein and rendering of Artesia Place project (Borstein Enterprises) A local developer aims to build 80 townhomes with shops and restaurants on the site of a demolished dairy manufacturing plant in Artesia. Borstein ...

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  • 23 Aug
  • The Real Deal
  • Uncategorized
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Caruso gives campaign $3.5M cash infusion

LA mayoral candidate Rick Caruso (Rick Caruso, Getty) With two and a half months to go before the November general election — and days after announcing he would step down from his company earlier than planned — Rick Caruso is again ...

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  • 23 Aug
  • The Real Deal
  • Uncategorized
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