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Month: September 2022

El Segundo investor Welcome Group buys LAX hotel for $49M

Washington Holdings’ Craig Wrench, Welcome Group’s Amar Shokeen and the hotel at 750 North Nash Street (LinkedIn, Welcome Group, JLL) Another hotel near LAX has sold, marking at least the fifth deal in the last 18 months. Washington ...

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  • 27 Sep
  • The Real Deal
  • Uncategorized
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In Pasadena, houses of worship can build affordable housing

(Illustration by The Real Deal with Getty) Housing in Pasadena can now be planted in “God’s backyard.” The City Council has voted to allow churches, synagogues and mosques to develop affordable housing under a new zoning amendment, the ...

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  • 27 Sep
  • The Real Deal
  • Uncategorized
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SoCal real estate funders back Abbott, O’Rourke

Billionaire Ed Roski playing puppeteer for Texas gubernatorial candidates Beto O’Rourke (left) and Greg Abbott (right) (Photo Illustration by Steven Dilakian for The Real Deal with Getty Images) California is sending more than ...

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  • 27 Sep
  • The Real Deal
  • Uncategorized
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Irwindale Speedway site to transform into industrial park

IDS Real Estate Group’s co-CEOs David Mgrublian and Murad Siam with Irwindale Speedway at 500 Speedway Drive in Irwindale (Irwindale Event Center, IDS Real Estate, Getty) A Los Angeles investor has bought the 63-acre Irwindale Speedway ...

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  • 26 Sep
  • The Real Deal
  • Uncategorized
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Industrious adds apartment sites to coworking footprint

From left: 185 South State College Boulevard, 821 South Myrtle Avenue, Industrious’ Jamie Hodari and AvalonBay Communities’ Timothy Naughton (Google Maps, Industrious, AvalonBay Communities) Industrious wants to come to your apartment. ...

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  • 26 Sep
  • The Real Deal
  • Uncategorized
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Fashionista Allen Schwartz takes $16M for Brentwood house

Allen B. Schwartz with 2383 Mandeville Canyon Road (Getty, Compass) Fashion executive Allen Schwartz, who manufactures dresses under the ABS Collection brand, sold his Brentwood area mansion at a discount for $16 million, or $4,468 per ...

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  • 26 Sep
  • The Real Deal
  • Uncategorized
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Large landowners in OC could pay more property taxes, critics say

(Getty) Large landowners in Orange County paid some fat property tax checks last year – but they’d be much bigger if it wasn’t for Prop 13. Firms such as the Irvine Co. and Walt Disney Parks & Resorts paid tens of millions in ...

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  • 26 Sep
  • The Real Deal
  • Uncategorized
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Hiring slows for real estate jobs across SoCal market

(Illustration by The Real Deal with Getty) Rising mortgage rates have reduced hiring in real estate-related jobs across Southern California. Hiring in construction, real estate and finance businesses across the Southland added 600 jobs ...

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  • 26 Sep
  • The Real Deal
  • Uncategorized
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Target to open store at multifamily development in Koreatown

Target’s Brian Cornell and Grubb Properties’ Clay Grubb with 1000 South Vermont Avenue(Target, Clay Grubb, Google Maps) Koreatown is getting a new Target. Target signed a 15-year lease to take up a commercial portion of Grubb ...

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  • 26 Sep
  • The Real Deal
  • Uncategorized
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Collectibles outfit backed Mets’ owner Cohen, Nets’ star Durant adds 102K sf at Santa Ana campus

Drawbridge Realty’s Mark Whiting and Pacific Center office park at 1600-1610 Saint Andrew Place (Loopnet, Drawbridge Realty, Getty) The baseball card business has been a home run for Collectors Holdings, which just completed its third ...

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  • 23 Sep
  • The Real Deal
  • Uncategorized
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