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Month: September 2022

195-room hotel planned for Pasadena’s Playhouse District

Charles Company’s Mark and Arman Gabay and a rendering of 550 E. Colorado Boulevard in Pasadena (WATG) Plans for a 195-room hotel in the Playhouse District have passed a design review with the City of Pasadena. Welcome Pasadena, based ...

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  • 30 Sep
  • The Real Deal
  • Uncategorized
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Brentwood mall owner wants to build residential highrise

11701 Wilshire Blvd (Loopnet, Getty) The owners of the Brentwood Place Shopping Center have filed an application to turn the Westside mall into a highrise apartment building and mixed-use complex. Tony Yeh, manager for the LLC that ...

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  • 30 Sep
  • The Real Deal
  • Uncategorized
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Luxury grocer Erewhon allegedly failed to pay rent at new Studio City location: lawsuit

From left: Midwood Investment & Development CEO John Usdan, Erewhon CEO Tony Antoci, and Erewhon Studio City at 12833 Ventura Boulevard (Getty Images, Google Maps/Jean-Louis Delezenne, Midwood, Facebook/Tony Antoci) Erewhon, a ...

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  • 30 Sep
  • The Real Deal
  • Uncategorized
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Developer applies Q brand to Playa Vista apartments

California Home Builders’ Shawn Evenhaim and Q Apartments at 5901 Center Drive, Playa Vista (The Q Playa, California Home Builders, Getty) A local developer has rebranded a 376-unit apartment complex in Playa Vista, with planned ...

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  • 30 Sep
  • The Real Deal
  • Uncategorized
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Realtor-affiliated group sues cities over housing plans

Claremont mayor Jed Leano and CAR’s Otto Catrina (CAR, Getty, City of Claremont) A group sponsored by the California Association of Realtors (CAR) has sued three Southern California cities for failing to comply with the state’s housing ...

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  • 30 Sep
  • The Real Deal
  • Uncategorized
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New LA plan seeks to protect affordable housing near USC

Los Angeles Councilman Marqueece Harris-Dawson and Area around USC in Exposition Park (Wikipedia, Hunter Kerhart Architectural Photography) The loss of affordable housing around USC has spurred a new plan by the city to safeguard ...

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  • 29 Sep
  • The Real Deal
  • Uncategorized
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Hollywood’s Television Center readies for $600M makeover

Bardas Investment Group’s David Simon with 6311 Romaine Street (Rios, LinkedIn) An Art Deco studio in Hollywood that created “Snow White and the Seven Dwarfs,” “The Wizard of Oz” and “Singin’ in the Rain” is poised for a $600 million ...

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  • 29 Sep
  • The Real Deal
  • Uncategorized
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Gelt pays $76M for 149-unit complex in Studio City

From left: Gelt’s Steve and Keith Wasserman with 4041-4121 Radford Ave (Realtor, Gelt, Getty) A local real estate investor paid $76 million for a 149-unit apartment building in Studio City. Gelt, based in Tarzana, bought the four-story ...

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  • 29 Sep
  • The Real Deal
  • Uncategorized
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Eden Housing pays $31M for affordable housing complex in Azusa

Eden Housing’s Kevin Leichner and Iris Gardens (Eden Housing, Clear Capital, Getty) Affordable housing nonprofit Eden Housing paid $31.3 million for a 120-unit apartment complex in Azusa in the San Gabriel Valley, according to property ...

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  • 29 Sep
  • The Real Deal
  • Uncategorized
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Beverly Hills estate The Peak put on market at $65M

Drew Fenton with 1005 N. Alpine Dr (Redfin, Hilton & Hyland) Hilton & Hyland agent Drew Fenton listed 1005 North Alpine Drive in Beverly Hills for $65 million recently. If it is sold for its asking price before the end of the ...

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  • 29 Sep
  • The Real Deal
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