Month: November 2022

Michael Mahon (Corcoran, Getty) Corcoran Global Living is on the market. The Corcoran Group is shopping its inaugural — and biggest — franchise less than three years after its formation, according to an internal senior executive. The executive said Corcoran will execute a direct deal if it can’t find an outside buyer. News of the…

Kennedy Wilson’s William McMorrow along with 400 North Brand Boulevard (left) and 450 North Brand Boulevard (right) in Glendale (Getty, Kennedy Wilson, LoopNet) Kennedy Wilson is ready to say goodbye to Glendale. The Beverly Hills investment firm has listed two buildings at 400 and 450 North Brand Boulevard for sale, according to marketing materials obtained…

Quintin Primo, Joel Schreiber and Broadway Trade Center (Linkedin, Getty, OMGIVING) Joel Schreiber’s plan to sell the Broadway Trade Center in Downtown L.A. to a group led by Capri Investment Group’s Quintin Primo is off, according to the building’s lender, Starwood Capital. “There is no viable sale with respect to this specific purchaser,” Starwood’s attorney…

(Google Maps) A Beverly Hills mansion, which had been recently donated to charity by billionaire philanthropist MacKenzie Scott, sold last week for $37 million, Mansion Global reported. The 12,000-square-foot mansion, which sits on 2 acres, is one of two properties worth a total $55 million that Scott donated to the seller, Los Angeles nonprofit California Community…

U.S. Rep. Karen Bass has taken the lead over real estate developer Rick Caruso in the Los Angeles mayoral  race after Friday’s totals. Bass had a razor-thin 4,384-vote lead – 50.38 percent to 49.62 percent – her first since early Wednesday morning, the Los Angeles Times reported. With about 300,000 votes still to be counted,…

Joel Schreiber and KBS Realty Advisors’ Charles Schreiber with 445 South Figueroa Street (Shir Stein, LinkedIn, Union Bank Plaza, Getty) UPDATED, Nov. 11, 2022, 3:51 p.m.: KBS can’t guarantee that it will be able to sell its Union Bank Plaza to Waterbridge Capital, a firm run by embattled investor Joel Schreiber. “There can be no…

From left: Council Member Jose F. Moreno and Arte Moreno with 2000 Gene Autry Way (Major League Baseball, Getty, Anaheim) A potential sale of the Angels could come with a large added cost. The city of Anaheim could mull if the Major League Baseball team should pick up the tab for as much as $300…

Bedrosians’ Ed Bedrosian and Crane Worldwide Logistics’ Jim Crane with 1515 East Winston Road (Bedrosians, Crane Worldwide Logistics, Google Maps) The owner of a 378,000-square-foot distribution warehouse in Anaheim has moved out and leased it to Crane Worldwide Logistics. Bedrosians Tile & Stone leased 1515 East Winston Road to the logistics firm for an undisclosed…

7800 W Sunset BLvd. in LA (Google Maps, Getty) A Manhattan Beach developer who years ago garnered attention for a major coastal land deal is looking to make a mark on Hollywood by replacing a bank with a large apartment complex. Brian Sweeney, through his Beach Cities-based company Retail Branches, filed plans for the five-story…

Biko’s Timeka Drew (Illustration by The Real Deal with Biko and Getty) Disadvantaged cannabis shops in Los Angeles are now barred from packing up their pot and moving to better digs across town. But that could change with a new rule proposed by the city’s Department of Cannabis Regulation to allow “social equity” cannabis companies…