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Month: October 2022

Vacant Bel Air land relists with price chop and new agents

The parcel of land at 10701 Levico Way in Bel Air with Huayi Brothers founders Wang Zhongjun and Wang Zhonglei (Zillow, Getty) A subsidiary of Chinese film studio Huayi Brothers is hoping to sell 8.8 acres of Bel Air land with a new ...

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  • 26 Oct
  • The Real Deal
  • Uncategorized
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Home listing scam sends Torrance man to prison for nine years

(Illustration by The Real Deal with Getty) A Torrance man who bilked would-be home buyers of $6 million after falsely listing homes for sale has been sentenced to nine years in federal prison. Adolfo Schoneke, 45, was sentenced this ...

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  • 25 Oct
  • The Real Deal
  • Uncategorized
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Caruso vs. Hackman: Questions over candidate’s stance on Television City development

Los Angeles mayoral candidate Rick Caruso and Hackman Capital Partners’ Zach Sokoloff (Getty, Capital Partners) At a Hollywood Chamber of Commerce event earlier this month, developer and mayoral candidate Rick Caruso was holding a ...

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  • 25 Oct
  • The Real Deal
  • Uncategorized
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The Derby restaurant in Arcadia to expand with 214 apartments

Elite Real Estate Holdings’ Dustin Nicolarsen and a rendering of 233 E. Huntington Drive in Arcadia (Arcadia Historical Society, City of Arcadia) The owner of The Derby restaurant in Arcadia wants to build more than 200 apartments ...

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  • 25 Oct
  • The Real Deal
  • Uncategorized
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LA County to buy closed courthouse for affordable housing

Los Angeles County supervisor Sheila Kuehl, AvalonBay Communities’ Timothy J Naughton and Old West Los Angeles Courthouse (SurveyLA, Getty, Los Angeles County Supervisor District 3, AvalonBay Communities) A long-closed Los Angeles ...

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  • 25 Oct
  • The Real Deal
  • Uncategorized
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WeWork to close Burbank location

WeWork’s Sandeep Mathrani and Worthe Real Estate’s Jeff Worthe with 3900 West Alameda Avenue (WeWork, Getty, The Tower) WeWork is closing another of its locations in the Los Angeles market. The coworking firm will shut its space at ...

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  • 25 Oct
  • The Real Deal
  • Uncategorized
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Mitsui Fudosan eyes 50-story apartment tower in DTLA

Mitsui Fudosan America’s John Westerfield with 8th Street, between Grand Avenue and Hope Street (LinkedIn, Gensler, Getty) Mitsui Fudosan America has set a new course to build a 50-story mixed-use apartment building in Downtown Los ...

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  • 24 Oct
  • The Real Deal
  • Uncategorized
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Onni purchases Pasadena shopping center in foreclosure

Netstreit CEO Mark Manheimer, Onni Group founder Inno De Cotiis and 280 East Colorado Boulevard (Netstreit, Onni Group, Google Maps) UPDATED, Oct. 24, 2022, 5:44 p.m.: Onni Group is taking advantage of distress, buying up a Pasadena ...

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  • 24 Oct
  • The Real Deal
  • Uncategorized
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Malibu home once owned by Brad Pitt and Ellen DeGeneres sells for $45M

Fashion moguls Jens and Emma Grede; Brad Pitt and Ellen DeGeneres; 32316 Pacific Coast Highway (Google Maps, Getty) A midcentury modern Malibu home previously owned by both Brad Pitt and Ellen DeGeneres has sold for $45 million. ...

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  • 24 Oct
  • The Real Deal
  • Uncategorized
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PPI Capital plans five-story apartment complex in Mar Vista

PPI Capital’s Bob Halavi and 12701-12707 West Washington Place, Los Angeles Loopnet, Linkedin) A developer wants to knock down a decades-old strip mall and build a five-story apartment complex in the Westside neighborhood of Mar Vista. ...

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  • 24 Oct
  • The Real Deal
  • Uncategorized
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