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Month: October 2022

Investor Alon Abady sells Beverly Hills mansion for $23M

661 Doheny Rd (Zillow, Getty) Investor Alon Abady has flexed his residential real estate muscles. Abady is best known for work in commercial, multifamily and hotel development. In October 2021, he closed the $96 million purchase of ...

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  • 14 Oct
  • The Real Deal
  • Uncategorized
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There will be blood: Inside Compass’ wartime playbook

Compass CEO Robert Reffkin and SoftBank founder Masayoshi Son. Compass achieved unicorn status — a privately held startup valued at more than $1 billion. But after reaching $7 billion as a public company, it plummeted below the $1 ...

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  • 14 Oct
  • The Real Deal
  • Uncategorized
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Office subleases pile up in LA as tenants rethink needs

(Photo-illustration by Steven Dilakian) Two and a half years into the pandemic, Los Angeles leasing brokers say they have yet to see a meaningful shift in the city’s office market. Few if any large employers are requiring workers to ...

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  • 14 Oct
  • The Real Deal
  • Uncategorized
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Landlord donation in LA City Council race prompts debate

Los Angeles city council candidates Traci Park & Erin Darling; Barrington Plaza at 11740 Wilshire Blvd. (Facebook, Douglas Emmett Apartments, Getty) A Los Angeles City Council race for a Westside seat has been inflamed by a ...

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  • 14 Oct
  • The Real Deal
  • Uncategorized
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California home prices to rise in 2022, then fall in 2023

Kleinhenz Economics’ Robert Kleinhenz and Zillow’s Jeff Tucker (Central Coast Economics, Zillow, Getty) Expect a rise in home prices this year, followed by a price decline in 2023, says a forecast released this week by the California ...

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  • 13 Oct
  • The Real Deal
  • Uncategorized
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The Georgian Hotel poised for Art Deco-style makeover

BLVD’s Jonathan Blanchard and Nicolo Rusconi with The Georgian Hotel (BLVD Hospitality) A Depression-era hotel in Santa Monica that has hosted the likes of Charlie Chaplin, Clark Gable and Marilyn Monroe is poised for a major makeover. ...

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  • 13 Oct
  • The Real Deal
  • Uncategorized
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Santa Monica’s failed housing plan sparks building boom

From left: Mayor of Santa Monica Sue Himmelrich and Neil Shekhter (Getty, YouTube/City of Santa Monica) The failure last year to produce a housing plan acceptable to state authorities has set up the City of Santa Monica for an ...

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  • 13 Oct
  • The Real Deal
  • Uncategorized
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Malibu v. Palm Beach: Billionaire real estate smackdown

Photo illustration of Marc Andreessen and Larry Ellison (Illustration by The Real Deal with Getty) Some people collect baseball cards, some collect comic books. In a particular stratosphere of wealth, the collectible of choice is real ...

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  • 13 Oct
  • The Real Deal
  • Uncategorized
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Cher lists Italian-style Malibu estate for $85M

Cher and 25142 Pacific Coast Highway in Malibu (Douglas Friedman, Getty) Cher has listed her longtime Italian Renaissance-style estate in Malibu for $85 million. The singer and actress has decided to sell the 13,200-square-foot mansion ...

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  • 13 Oct
  • The Real Deal
  • Uncategorized
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LA’s racism scandal reverberates in real estate

Kevin De León, Gil Cedillo and Nury Martinez (Illustration by The Real Deal with Getty) UPATED: 2:45 P.M., OCT. 12: Tremors from the scandal in which Los Angeles City Council members made insulting comments about African-Americans, ...

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  • 12 Oct
  • The Real Deal
  • Uncategorized
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