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Month: September 2022

Foreclosure looms for 444 South Flower in Downtown LA

444 South Flower Street in L.A. with Oaktree’s Howard Marks and Coretrust Capital Partners’ John Sischo (LinkedIn, OakTree, Google Maps) Oaktree Capital initiated a foreclosure on a 48-story tower in Downtown L.A., a possible sign of ...

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  • 21 Sep
  • The Real Deal
  • Uncategorized
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Toyota of Hollywood could turn into a retail village

Mike Sullivan and rendering for 6000 W. Hollywood Blvd (The Sullivan Family, Getty Images) The nation’s oldest Toyota dealership may clear its Hollywood lot for hundreds of apartments, offices, townhomes, shops and restaurants. An ...

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  • 21 Sep
  • The Real Deal
  • Uncategorized
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Beverly Hills City Council approves Rodeo Drive hotel

LVMH’s Bernard Arnault, Beverly Hills mayor Lili Bosse and rendering of Cheval Blanc (Lili Bosse, LVHM, Peter Marino Architect, Getty) Developer LVMH has nearly reached the finish line after the Beverly Hills City Council on Tuesday ...

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  • 21 Sep
  • The Real Deal
  • Uncategorized
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Fed interest rate hike will continue “softening” of market

Steve Clark, Derek Reilly, Eric Finnigan, and Jordan Levine ( Steve Clark, Derek Reilly, Jordan Levine, John Burns, Getty) The Federal Reserve announced an interest rate uptick of 0.75 percent Wednesday, its third increase this year in ...

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  • 21 Sep
  • The Real Deal
  • Uncategorized
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Trammell Crow buys land for tallest building in Long Beach

Crow Holdings development CEO Ken Valach and rendering of Westside Gateway (Studio 11, Crow Holdings) In the summer of 2019, the City of Long Beach published an environmental report that detailed plans for a multifamily project by ...

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  • 21 Sep
  • The Real Deal
  • Uncategorized
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August home sales rose 8% in SoCal, despite summer slowdown

(Illustration by Priyanka Modi for The Real Deal with Getty) Despite a summer cooling trend in Southern California’s housing market, home sales ticked up nearly 8 percent in August thanks to a one-month dip in mortgage rates. Home ...

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  • 21 Sep
  • The Real Deal
  • Uncategorized
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Texas traders strike $44M deal for La Quinta LAX

Highgate’s Arash Azarbarzin, Cerberus’ Steve Feinberg and NewcrestImage’s Mehul Patel with 5249 West Century Boulevard (Highgate, Cerberus Capital Management, NewcrestImage, Google Maps) The La Quinta Inn & Suites near LAX has ...

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  • 21 Sep
  • The Real Deal
  • Uncategorized
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Kim Kardashian buys former Cindy Crawford home in Malibu for $70M

From left: Kim Kardashian and Cindy Crawford with 33128 Pacific Coast Highway (Getty, Redfin) Reality TV billionaire Kim Kardashian can now escape the hot San Fernando Valley for a beachside estate in Malibu. The price for cool: $70.4 ...

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  • 20 Sep
  • The Real Deal
  • Uncategorized
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Sale pending on Ben Affleck’s Pacific Palisades mansion

Ben Affleck with 1172 Napoli Drive (Getty, Redfin) After about a month on the market, the Pacific Palisades mansion where Ben Affleck lived after his split with ex- wife actor Jennifer Garner has a buyer. There’s a pending sale for ...

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  • 20 Sep
  • The Real Deal
  • Uncategorized
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The Closing: Kevin Shannon

Kevin Shannon (Photos by Kevin Scalon) UPDATED Sept. 8, 2022, 12:45 p.m.: Whether it’s Amazon’s headquarters in Seattle, Meta’s campus in the Bay Area or a 30-story office and data center in Downtown L.A., Kevin Shannon has sold it ...

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  • 20 Sep
  • The Real Deal
  • Uncategorized
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