Month: November 2022

12507 San Fernando Road (Loopnet, Getty) A San Fernando Valley developer is planning a five-story, Transit Oriented Communities project in Sylmar. The application comes from developer Albert Gonzalez, who filed through an entity created for the project. The application reached planning department records in late October. The mixed-use project is slated for the 12500 block…

YIMBY Law’s Sonja Trauss (YIMBY Law, Getty) If San Francisco’s Housing Element is not approved by the state on Jan. 31, the city should expect to see hundreds of builder’s remedy applications come in starting on Feb. 1, according to Sonja Trauss, executive director of YIMBY Law. The Yes in My Back Yard group is…

Kylie Jenner and Travis Scott with 1317 Delresto Drive (Getty, Zillow) Rapper Travis Scott and reality TV star and cosmetics tycoon Kylie Jenner have listed a 9,700-square-foot mansion in Beverly Crest for $21.9 million. The power duo listed the seven-bedroom, 10-bathroom home at 1317 Delresto Drive, within Beverly Hills’ 91020 zip code, Dirt.com reported. The…

A photo illustration of Colony Capital founder Tom Barrack (Getty) Colony Capital founder Tom Barrack was acquitted on all counts Friday afternoon. After two days of deliberation, a jury ruled in favor of Barrack, who was accused of acting as an unregistered agent of the United Arab Emirates. Matthew Grimes, an aide accused of illegal…

A photo illustration of Mauricio Umansky and the Beverly Hills headquarters of real estate brokerage The Agency (Getty, Photo/Andrew Asch for The Real Deal) Netflix’s “Buying Beverly Hills” reality television show will make its debut Nov. 4, and the stars of the series held a cast party the previous night at one of their sets;…

7771 Beverly Blvd (Planning LA City, Getty) Uncommon Developers has proposed to build a five-story, 53-unit apartment complex in West Hollywood. Plans for the site, with the address of 7771 Beverly Boulevard, call for the construction of a 42,700-square-foot structure with 1,700 square feet of ground floor commercial space, according to a permit application filed…

Governor Gavin Newsom (Illustration by The Real Deal with Getty) Gov. Gavin Newsom has told California cities that until they “do better” to address homelessness, he’ll hold back $1 billion in state funds. With winter approaching, the governor said he would halt $1 billion for cities and counties until they could prove they have aggressive…

Irvine Company’s Donald Bren with rendering of UCI Research Park near MacArthur Boulevard and University Drive (Irvine Company, Getty) The Irvine Company wants to build a 532,000-square-foot life science office complex next to the UC Irvine campus. The Orange County real estate giant based in Newport Beach plans to construct four office and research buildings…

Terran Orbital’s Marc Bell and 15330 Barranca Parkway, Irvine (Linkedin, Google Maps) Satellite maker Terran Orbital has widened its real estate footprint in Orange County because of a $100 million injection from Lockheed Martin. The Florida-based manufacturer of communications and imaging satellites for the U.S. government once planned to boost operations in Florida, but added…

Hudson Pacific Properties’ Victor Coleman (Hudson Pacific Properties, Getty) Hudson Pacific Properties feels the impacts of a slow office market. “It’s a time of pause, slowness and maybe even reversing path and giving up space,” particularly for technology tenants, the company’s President Mark Lammas said during an earnings call on Thursday. The Los Angeles-based REIT…