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Month: October 2022

New British PM Rishi Sunak owns Santa Monica penthouse

British Prime Minister Rishi Sunak and The Waverly at 1705 Ocean Avenue (Getty, Compass) Rishi Sunak may rank among the world’s most famous tenants — with a new residence at 10 Downing Street — but for years the just-installed British ...

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  • 27 Oct
  • The Real Deal
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Russell Westbrook buys Petra Ecclestone’s mansion

Russell Westbrook with 565 N. Tigertail Rd (Getty, Redfin) While there’s talk in the air of the Lakers trading Russell Westbrook, the star point guard has put his feet on firm ground with the purchase of a $37 million mansion in Los ...

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  • 27 Oct
  • The Real Deal
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Ventus Group revamps plans for housing near USC

Ventus’ Scott Galewith rendering of 3900 South Figueroa Street (Ventus Group, Ankrom Moisan Architects) Ventus Group has twice gone back to the drawing board for its block-long student housing development near USC – and now expects a ...

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  • 27 Oct
  • The Real Deal
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Builder’s remedy could allow thousands of new homes in California

Santa Monica Councilmember Phil Brock (Linkedin, Getty) Home developers stymied by regulations in California are roaring through a legal loophole known as the builder’s remedy – with cities and slow-growth groups preparing to push ...

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  • 27 Oct
  • The Real Deal
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Pustilnikov strikes again with ‘builder’s remedy’ in Beverly Hills

Beverly Hills City mayor Lili Bosse and 125 Linden Drive (Google Maps, City of Beverly Hills/Public domain/Wikimedia Commons) UPDATED, Oct. 26, 2022, 3:13 p.m.: The builder’s remedy debacle has landed in the elite city of Beverly ...

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  • 26 Oct
  • The Real Deal
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Robert Flaxman, LA developer embroiled in college admissions scandal, dies at 66

Robert Flaxman (Getty) Robert Flaxman, a prominent Los Angeles-based commercial developer known for his involvement in the 2019 college admissions scandal, died at his Malibu residence last week. He was 66 years old. The L.A. County ...

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  • 26 Oct
  • The Real Deal
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Condo once owned by Matthew Perry for sale with 30% markup

Actor Matthew Perry and Penthouse 40 at 1 West Century Drive in Los Angeles (Getty, Zillow) A pricey condo once owned by sitcom star Matthew Perry has come on the market, with a big price increase since the last time it sold barely a ...

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  • 26 Oct
  • The Real Deal
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Judge halts construction at self-storage site in Long Beach

Judge Mitchell Beckloff with rendering of 3701 North Pacific Place (LevittQuinn, InSite) A state judge has halted construction of a self-storage facility by the Los Angeles River in North Long Beach after a challenge by environmental ...

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  • 26 Oct
  • The Real Deal
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Azusa Pacific University sells apartments for $81M

CBRE’s Greg Nassir with 1000, 1130, 1150, 1160,1170 Alosta Avenue (CBRE) Azusa Pacific University has cashed out of a three-building San Gabriel Valley residential portfolio near its main campus in an $81 million deal. The properties, ...

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  • 26 Oct
  • The Real Deal
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Tesla signs up for 60K sf warehouse in Costa Mesa

Tesla founder Elon Musk and 3565 Cadillac Avenue, Costa Mesa (Loopnet, Getty) Tesla has leased a 59,500-square-foot warehouse in Costa Mesa, its largest footprint in Orange County to date. The Austin, Texas-based EV carmaker leased the ...

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  • 26 Oct
  • The Real Deal
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