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Month: September 2022

Commission votes to turn Long Beach oilfield site into 226 homes

Long Beach Planning Commission chair Dr. Joni Ricks-Oddie and 712 Baker Street (City of Long Beach, Google Maps, Getty) A large single-family development planned on a former oilfield treatment site in Long Beach has taken a major step ...

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  • 07 Sep
  • The Real Deal
  • Uncategorized
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How PPP loans impacted California’s brokerage business

(Getty) While post-pandemic news regarding federal Payroll Protection Program (PPP) loans tends to skew towards misappropriation, data suggests that the initiative has boosted one sector: Real estate agents and brokers in California. ...

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  • 07 Sep
  • The Real Deal
  • Uncategorized
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Developers unveil plans for former City Place Long Beach

Waterford Property’s John Drachman, Monument Square Investment’s Benjamin Poirier, Turnbridge Equities’ Andrew Joblon, Monument Square Investment’s Zachary Leichtman-Levine, and Waterford Property’s Sean Rawson with Third and Sixth ...

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  • 07 Sep
  • The Real Deal
  • Uncategorized
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Rising Realty sells El Monte mixed-use complex for $70M

Rising Realty Partners’ Christopher Rising and 9320 Telstar Avenue (Rising Realty Partners, Loopnet, Getty) Rising Realty Partners has sold an office and industrial building in El Monte, flipping it for almost double the purchase price ...

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  • 07 Sep
  • The Real Deal
  • Uncategorized
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Ocean Plaza in Huntington Beach gets surf-friendly name

Point Break Tower at Ocean Plaza here, credit (Jorandy Chavez via RE/MEDIA US, Getty) A 37-year-old office building in Huntington Beach has transformed from the bland Ocean Plaza Tower to a ripping Point Break Tower at Ocean Plaza. ...

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  • 07 Sep
  • The Real Deal
  • Uncategorized
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China Oceanwide CEO steps down, CFO takes helm

Oceanwide’s new CEO Liu Guosheng and former CEO Han Xiaosheng with Oceanwide Plaza (Oceanwide) The CEO of Oceanwide Holdings’ parent company in China has stepped down, just as the company aims to finish its flagship project in Los ...

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  • 06 Sep
  • The Real Deal
  • Uncategorized
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Caruso, Bass play for endorsements in election endgame

President Joe Biden, Vice President Kamala Harris, Karen Bass, Elon Musk and Rick Caruso (Getty Images) In early August, eight weeks after primary voters whittled L.A.’s crowded mayoral field down to just two very different Democratic ...

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  • 06 Sep
  • The Real Deal
  • Uncategorized
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Ellen DeGeneres flips Montecito estate for $36M

Ellen DeGeneres and Portia de Rossi with 848 Hot Springs Rd (Getty, Compass) Ellen DeGeneres, who bought her third Montecito estate six months ago, just flipped it for $36 million – pocketing $15 million in the off-market deal. The ...

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  • 06 Sep
  • The Real Deal
  • Uncategorized
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Baroque-style chateau in Westlake Village goes to auction

Edward and Marilyn Hogan with Chateau Plaisance (Hogan Family Foundation, Sotheby’s Concierge Auction) Westlake Village’s Chateau Plaisance, reminiscent of an 18th-century French mansion, will go on the auction block Sept. 9 with a ...

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  • 06 Sep
  • The Real Deal
  • Uncategorized
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Hudson Pacific Acquires Quixote Studios for $360M

Hudson Pacific Properties Victor Coleman and Art of Quixote studios (Hudson Pacific Properties) Hudson Pacific Properties has purchased Quixote Studios, a West Hollywood-based production company that operates 23 soundstages across Los ...

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  • 06 Sep
  • The Real Deal
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  • Recent Posts

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