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Month: November 2022

Developer found guilty in LA City Hall bribery scheme

Former L.A. City Councilman Jose Huizar (Charlie Kaijo/CC BY 2.0/via Wikimedia Commons, Getty) Just two years after a federal grand jury indicted China-headquartered development firm Shen Zhen New World I for racketeering charges ...

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  • 11 Nov
  • The Real Deal
  • Uncategorized
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Pasadena rent control measure leads by 129 votes

Pasadena Councilwoman Jess Rivas & mayor Victor Gordo (Illustration by Kevin Cifuentes for The Real Deal with Getty Images, City of Pasadena) A rent control ballot measure in Pasadena was leading Thursday by 129 votes. Measure H, ...

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  • 10 Nov
  • The Real Deal
  • Uncategorized
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Drew Fenton officially debuts new brokerage Carolwood

Carolwood Executives (L-R) Drew Fenton, Ed Leyson, Nick Segal (Carolwood) Carolwood, a startup boutique residential firm staffed by many agents who previously worked at influential brokerage Hilton & Hyland, has officially ...

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  • 10 Nov
  • The Real Deal
  • Uncategorized
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DJM Capital and PGIM eye 300 apartments at Huntington Beach retail center

DJM Capital’s D. John Miller, PGIM’s David A. Hunt with a rendering of 7777 Edinger Avenue in Huntington Beach (DJM Capital, LinkedIn) DJM Capital and PGIM aim to plant a 300-unit apartment complex at a shopping center they own in ...

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  • 10 Nov
  • The Real Deal
  • Uncategorized
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“Borderline offensive”: Why Greenland lost $200M on its LA tower

Greenland Holdings’ Zhang Yuliang and Northland’s Matthew Gottesdiener with the THEA at Metropolis at 1000 W. 8th Street in Los Angeles (TheaDTLA, LinkedIn, Getty) A few months into the pandemic, Northland presented the Chinese ...

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  • 10 Nov
  • The Real Deal
  • Uncategorized
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KB Home to build state’s first “microgrid communities” in the IE

KB Home’s Jeffrey Mezger & KB Home’s Shadow Mountain in Menifee (KB Home, Linkedin, Getty, KB Home/CC BY-SA 4.0/via Wikimedia Commons) KB Home has big ambitions for tiny dwellings. The developer aims to build the state’s first ...

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  • 10 Nov
  • The Real Deal
  • Uncategorized
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Sue Gross exits Beverly Hills estate with $23M sale

Sue Gross with 960 N. Alpine Dr (Hoag Hospital, Altman Bros) Sue Gross made headlines a few years ago with her divorce from billionaire fund manager Bill Gross, who founded Pimco in Newport Beach. Since then, Sue Gross has ...

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  • 10 Nov
  • The Real Deal
  • Uncategorized
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Transfer tax in LA, Santa Monica on track to pass at polls

(Illustration by The Real Deal with Getty) With plenty of votes still uncounted, initial results show strong support for Measure ULA, a controversial transfer tax that could reverberate through the city of L.A.’s commercial and luxury ...

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  • 09 Nov
  • The Real Deal
  • Uncategorized
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Rick Caruso leads Karen Bass in votes for LA mayor

Karen Bass and Rick Caruso (Getty) Real estate developer Rick Caruso leads Rep. Karen Bass by a hair in a costly race for Los Angeles mayor, as incumbent Eric Garcetti steps down from office. The billionaire led with 51.25 percent of ...

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  • 09 Nov
  • The Real Deal
  • Uncategorized
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Kevin Chen’s TRJLA lists major Chinatown project

TRJLA’s Kevin Chen and rendering of major Chinatown project (Loopnet, Getty, Linkedin) Two years ago, a development firm led by the former fashion entrepreneur Kevin Chen filed plans for a major mixed-use project in Chinatown. Now, ...

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  • 09 Nov
  • The Real Deal
  • Uncategorized
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