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Month: August 2022

California hotel buyers’ price per room goes up, deals down

The Godfrey Hotel in Hollywood and the Hyatt Place in San Francisco (Godfrey Hotel Hollywood, TripAdvisor) If you’re looking to buy a hotel in California, expect to pay a record median price per room. The median price for a hotel per ...

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  • 18 Aug
  • The Real Deal
  • Uncategorized
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Home prices in SoCal fall 1.7% in 30 days, data show

(Illustration by Kevin Cifuentes for The Real Deal with Getty Images) A once speedy Southern California housing market has hit a curve, putting the brakes on prices and dropping July sales to a 27-year low. Prices in the shadow of ...

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  • 18 Aug
  • The Real Deal
  • Uncategorized
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Investor Alon Abady buys $33M Beverly Hills mansion

1109 Calle Vista (Redfin, Getty Images) Investor Alon Abady has made a splash with significant commercial deals, but he’s also expanding his residential holdings. The Real Deal learned through a record search that Abady is the buyer of ...

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  • 18 Aug
  • The Real Deal
  • Uncategorized
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Redevelopment planned for 49-acre power plant in Redondo Beach

Next Century Power’s Leo Pustilnikov with 1100 N. Harbor Dr (CoStar, Google Maps) A 49-acre power plant in Redondo Beach could turn into a mixed-use waterfront development of offices, a hotel and more than 2,200 homes, if a local ...

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  • 18 Aug
  • The Real Deal
  • Uncategorized
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Jamison to raze building for 188 apartments in Koreatown

Jamison Properties’ Jaime Lee and rendering of 3000 Wilshire Boulevard, Koreatown (Jamison Services, USC Lusk, Getty) Jamison Services is tearing it up in Koreatown. The Los Angeles neighborhood’s most prolific developer has demolished ...

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  • 18 Aug
  • The Real Deal
  • Uncategorized
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LA tenants sue Equity Residential over background checks

Mark Parrell; The Vantage Hollywood and Breakwater Apartments in Marina del Rey (Michigan Ross, Equity Residential, Getty) A lawsuit alleges that Equity Residential insisted on investigative consumer reports for all of its prospective ...

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  • 18 Aug
  • The Real Deal
  • Uncategorized
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Laguna Beach spec home breaks price per foot records

Tim Smith and 66 Emerald Bay in Laguna Beach (Toby Ponnay, Getty) A more than 4,900-square-foot house at 66 Emerald Bay in Laguna Beach sold for $43.5 million, or $8,733 per square foot. The price was a record breaker on a ...

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  • 17 Aug
  • The Real Deal
  • Uncategorized
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Matt Altman’s wife jailed for domestic violence

Matt and Johanna Altman (Illustration by The Real Deal with Getty) The wife of “Million Dollar Listing Los Angeles” star Matt Altman was arrested and jailed on suspicion of felony domestic violence. Johanna Altman, 40, was booked at ...

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  • 17 Aug
  • The Real Deal
  • Uncategorized
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Harbor Associates buys Agoura Hills office for lab redevelopment

From left: Harbor Associates’ Joon Choi, Justin Loiacono, and Paul Miszkowicz with 30601 Agoura Road (Loopnet, Harbor Associates) Harbor Associates has purchased an office complex in Agoura Hills, with plans to redevelop it into lab ...

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  • 17 Aug
  • The Real Deal
  • Uncategorized
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Rick Caruso to step down before election

Caruso CEO Rick Caruso (Illustration by Kevin Rebong for The Real Deal with Getty) Mayoral candidate and Caruso CEO Rick Caruso will step down as the head of his company within weeks, months earlier than previously planned. In ...

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  • 17 Aug
  • The Real Deal
  • Uncategorized
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