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Month: November 2022

Water Garden asking price: $1.4B

J.P. Morgan’s Mary Callahan Erdoes and Water Garden at 1620 26th Street in Santa Monica (Getty, Water Garden LA) Flagging office market? Not according to JPMorgan, now hoping to sell a 1.4 million-square-foot office property in Santa ...

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  • 23 Nov
  • The Real Deal
  • Uncategorized
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Harridge suit alleges unpaid work at Highpark project

A photo illustration of Harridge Development Group CEO David Schwartzman and Highpark development in Palos Verdes (Getty, Harridge Development Group) Harridge Development has allegedly missed payment on a few invoices for its 62-acre ...

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  • 22 Nov
  • The Real Deal
  • Uncategorized
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Resi agent Richard Ehrlich, a WEA partner, joins Carolwood

Richard Ehrlich (Richard Ehrlich, Getty) Richard Ehrlich, a partner at prominent boutique firm Westside Estate Agency, has joined Carolwood, a startup firm which officially launched business this month, The Real Deal has learned. ...

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  • 22 Nov
  • The Real Deal
  • Uncategorized
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Veterans sue for homeless housing in West LA

(Getty, Hyung5kim at the English-language Wikipedia/GFDL/via Wikimedia Commons) A new lawsuit seeks to repurpose part of the 388-acre Veterans Affairs campus in West L.A. into housing for homeless vets. The suit, earlier reported on by ...

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  • 22 Nov
  • The Real Deal
  • Uncategorized
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Rize Irvine apartment complex trades for $190M

CBRE’s Dean Zander and CBRE’s Stuart Weston with a rendering of Rize Irvine (LinkedIn, CBRE, Zillow) Rize Irvine, a 363-unit compound in Orange County, has sold for $190 million, according to CBRE, which brokered the transaction. The ...

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  • 22 Nov
  • The Real Deal
  • Uncategorized
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Developer sentenced to 20 years in prison for Coachella hotel scheme

Ruixue “Serena” Shi and City of Coachella (Getty) A developer who coerced more than $26 million in down payments from individuals who thought they were buying new condos at a Coachella resort was sentenced on Monday to 20 years in ...

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  • 22 Nov
  • The Real Deal
  • Uncategorized
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California dominates list of country’s priciest zip codes

(Illustration by The Real Deal with Getty) Rising interest rates and price drops shook up the real estate business in 2022, but some things don’t change. California remains a leader in surveys of the priciest zip codes, according to a ...

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  • 22 Nov
  • The Real Deal
  • Uncategorized
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Shammas family plans New Ford dealership in DTLA

Diane Shammas and rendering of proposed Ford dealership (Pitzer College, Felix Chevrolet, Getty) A scion of the Shammas family filed plans for a car dealership on Los Angeles’ Figueroa Corridor, which family patriarch Nickolas Shammas ...

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  • 21 Nov
  • The Real Deal
  • Uncategorized
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Brokers tell clients to sell before transfer tax deadline

Newmark’s Kevin Shannon, Marcus & Millichap’s Jordan Asheghian and Tony Azzi, Stepp Commercial’s Travis Traweek and Waterford’s John Drachman (Newmark, Marcus & Millichap, Stepp Commercial, Waterford Property Company) ...

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  • 21 Nov
  • The Real Deal
  • Uncategorized
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Kimco Realty eyes urban village at San Gabriel Valley mall

Kimco Realty’s Conor Flynn and an aerial of 15466 Whittier Boulevard (LinkedIn, Google Maps) Kimco Realty aims to transform a partially redeveloped mall in Whittier into an urban village with 1,200 homes, a hotel and retail. The New ...

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  • 21 Nov
  • The Real Deal
  • Uncategorized
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