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Month: August 2022

“Park block” model would close some LA streets to traffic

Los Angeles Councilman Kevin de León along with Barcelona’s “superblocks” (Photo Illustration by Steven Dilakian for The Real Deal with Getty Images) Drivers, stop your engines. A Los Angeles councilman wants to close off streets to ...

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  • 11 Aug
  • The Real Deal
  • Uncategorized
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OC portfolio with 1.1M sf part of Blackstone acquisition

Blackstone’s Stephen Schwarzman with 6700 8th Street, 22642 Lambert Street and 23512 Commerce Center (Getty, PS Business Parks, LoopNet) Private equity giant Blackstone has picked up 1.1 million square feet of office, industrial and ...

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  • 11 Aug
  • The Real Deal
  • Uncategorized
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Brookfield sells Glendale office building to owner-occupier

Brookfield’s Brian Kingston with 425 East Colorado Street (Brookfield’s Real Estate Group, LoopNet) Brookfield has cashed out of an office building in Glendale, selling the property to an auto loan company. An entity linked to the ...

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  • 11 Aug
  • The Real Deal
  • Uncategorized
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Fannie Mae: Housing outlook for consumers hits 11-year low

(Illustration by The Real Deal with Getty Images) Home buyers, and some sellers, haven’t been this bummed in years. Consumers have become more pessimistic about housing than at any time since 2011, when home prices bottomed at the peak ...

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  • 11 Aug
  • The Real Deal
  • Uncategorized
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Barry Shy didn’t disclose defects in $400M deal: suit

Laguna Point Properties’ founding principal Barry Shy and 111 W 7th Street (Getty Images, Google maps) When Laguna Point Properties bought a portfolio of apartments in Downtown L.A. for $402 million, it wasn’t expecting tenant ...

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  • 10 Aug
  • The Real Deal
  • Uncategorized
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Ben Affleck lists Pacific Palisades mansion for $30M

Ben Affleck and 1172 Napoli Drive in Pacific Palisades (Getty Images, Redfin) Newly hitched Ben Affleck will soon move into wife J Lo’s remodeled Bel Air mansion. Which means he’s selling his Pacific Palisades bachelor pad, now listed ...

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  • 10 Aug
  • The Real Deal
  • Uncategorized
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Hedge fund chief’s Beverly Hills house takes 21% price cut

Canyon Capital Advisors’ Mitchell Julis with 1109 Calle Vista Drive (Canyon Capital Advisors, Victoria Risko) A hedge fund titan’s sale of a Beverly Hills mansion took a 21 percent price chop. Mitchell Julis, co-founder of investment ...

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  • 10 Aug
  • The Real Deal
  • Uncategorized
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Former WeWork investor enters Chapter 11 for DTLA “metaverse hub”

Joel Schreiber and 801 South Broadway (Google Maps) Joel Schreiber, WeWork’s first investor, has filed for bankruptcy on the vacant site of a planned “metaverse hub” redevelopment in Downtown Los Angeles, The Real Deal has learned. ...

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  • 10 Aug
  • The Real Deal
  • Uncategorized
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Anaheim multifamily sets 10-year record with $284M sale

Bridge Investment Group Holdings’ Jonathan Slager and 2235 West Broadway in Anaheim (Bridge Investment Group Holdings, Madison Park) An Orange County apartment complex has sold for nearly $284 million, topping a 10-year record. A Utah ...

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  • 10 Aug
  • The Real Deal
  • Uncategorized
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Offices built with cross-laminated timber coming to Chinatown

Redcar Properties’ Jim Jacobsen and 843 North Spring Street (LinkedIn, Lever Architecture) Construction is underway on a five-story office complex in Chinatown, among the first in Los Angeles built of cross-laminated timber. Redcar ...

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  • 10 Aug
  • The Real Deal
  • Uncategorized
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