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Month: September 2022

A.J. Khair eyes West Hollywood for hotel-housing complex

A.J. Khair’s Demitri Samaha and renderings for 8240 Sunset Blvd (A.J. Khair, Getty) A local developer aims to build a mixed-use hotel and apartment complex in West Hollywood. A.J. Khair, a development and construction firm based in the ...

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  • 09 Sep
  • The Real Deal
  • Uncategorized
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NFL Media terminates lease for its Culver City facility

10950 Washington Blvd, Culver City (Hudson Pacific Properties, Getty) NFL Media has terminated its lease at its Culver City offices just weeks after attempting to sublease the property. The sports network, which occupies two buildings ...

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  • 09 Sep
  • The Real Deal
  • Uncategorized
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Vacant lot in Beverly Park trades for $28M

57 N Beverly Park (Zillow, Getty) An undeveloped piece of land in the exclusive community of Beverly Park has sold for $28 million — or just under $10 million per acre. The 2.9-acre property sold last week, according to listing sites, ...

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  • 09 Sep
  • The Real Deal
  • Uncategorized
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Rexford reaches $2B in acquisitions for the year

Rexford’s Howard Schwimmer and Michael Frankel and 920 East Pacific Coast Highway in Wilmington (Rexford Industrial, Loopnet, Getty) Rexford Industrial Realty has spent $2 billion on acquisitions so far this year, already surpassing ...

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  • 08 Sep
  • The Real Deal
  • Uncategorized
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Wait-and-see as Hilton & Hyland, Drew Fenton weigh options

Drew Fenton and Rick Hilton(Hilton & Hyland, Getty) The inner politics of luxe brokerage Hilton & Hyland received a public airing this summer, when The Real Deal reported that its star agent Drew Fenton filed papers to start ...

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  • 08 Sep
  • The Real Deal
  • Uncategorized
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Report blasts CEQA’s impact on home development

(Getty) Even as California struggles with a chronic affordability crisis, “anti-housing CEQA lawsuits” are targeting more than half the state’s housing production, a recent report claims. The report, published last month, was prepared ...

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  • 08 Sep
  • The Real Deal
  • Uncategorized
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Virgin Galactic expands Mojave base with amended lease

Virgin Galactic’s Michael Colglazier with 16555 Spaceship Landing Way (Glassdoor, Getty) Virgin Galactic is expanding operations at its headquarters in Mojave after announcing a new manufacturing facility in Arizona. The aerospace ...

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  • 08 Sep
  • The Real Deal
  • Uncategorized
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Guess co-founder spends $38M for Beverly Hills mansion

Maurice Marciano with 514 Doheny Road (Getty Images, Redfin) Guess cofounder Maurice Marciano has caught the mid-century bug, having bought a restyled modernist mansion in Beverly Hills for $37.5 million, a price that includes ...

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  • 08 Sep
  • The Real Deal
  • Uncategorized
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Lionsgate seeks to sublease part of Santa Monica HQ

2600-2800 Colorado Avenue in Santa Monica with Worthe Real Estate Group’s Jeffrey Worthe and Lionsgate CEO Jon Feltheimer (Loopnet, Getty) Lionsgate, the movie studio behind “The Hunger Games” and “John Wick” franchises, has decided it ...

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  • 08 Sep
  • The Real Deal
  • Uncategorized
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Carbon Beach home last sold in 1994 goes on market at $40M

Chris Cortazzo, Larry Ellison, Grant Cardone and 22040 Pacific Coast Highway (Chris Cortazzo, Getty Images, photo courtesy Grant Cardone) In 1994, Mel Rosenthal bought the home at 22040 Pacific Coast Highway on Malibu’s Carbon Beach ...

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  • 07 Sep
  • The Real Deal
  • Uncategorized
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