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Month: December 2022

Movers: WEA names partners, Carolwood recruits agents

From left: Kamal Shaik, Lissa Ress, Cooper Mount, Max Shapiro, Drew Meyers, and Benjamin Kahle (Getty, Compass, The Society Group, Carolwood, LinkedIn) Beverly Hills boutique brokerage Westside Estate Agency has named two new partners, ...

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  • 05 Dec
  • The Real Deal
  • Uncategorized
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Gaw Capital to build apartments and storage complex in Cypress Park

Gaw Capital’s Goodwin, Kenneth and Christina Gaw with rendering of 3200 North Figueroa Street (Gaw Capital, DFH Architects) Hong Kong firm Gaw Capital plans to build a 227,000-square-foot residential and self-storage complex in Cypress ...

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  • 05 Dec
  • The Real Deal
  • Uncategorized
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Vape billionaire Riaz Valani buys $31M Malibu estate

Vape billionaire Riaz Valani and 33608 Pacific Coast Hwy, Malibu (The Org, Zillow, Getty) Vape billionaire Riaz Valani has bought a mid-century Malibu beach home for $31 million. Valani, the first person to invest in electronic ...

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  • 05 Dec
  • The Real Deal
  • Uncategorized
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Salt Development eyes 500 apartments in Anaheim Hills

Salt Development’s Brian Hobbs and rendering in Deer Canyon, Anaheim Hills (Linkedin, Getty, Salt Development) A Utah developer wants to give nearly 50 acres to an Anaheim wilderness preserve in exchange for city approval to build more ...

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  • 05 Dec
  • The Real Deal
  • Uncategorized
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Mortgage buy-downs surge as interest rates climb

From left: Total Quality Lending’s Ivan Oberon, Delaware Pacific’s Waleed Delawari, Agent Zane Widdes and Agent Derek Reilly In a residential market slowdown sparked by rising interest rates, agents and lenders look to sweeten deals ...

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  • 02 Dec
  • The Real Deal
  • Uncategorized
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Chinese developer finds buyer for unfinished Oceanwide Plaza project

Oceanwide’s Liu Guosheng with Oceanwide Plaza (Getty, Oceanwide) Oceanwide may soon be free of its $2 billion unfinished project on the Downtown L.A. skyline. The Beijing-based developer has signed a letter of intent to sell Oceanwide ...

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  • 02 Dec
  • The Real Deal
  • Uncategorized
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Former LA Ram Clay Matthews sells Calabasas home for $20M

Former L.A. Rams linebacker Clay Matthews and 25314 Prado De La Felicidad in Calabasas (Getty, Zillow) Former L.A. Rams linebacker Clay Matthews has sold his 14,000-square-foot mansion in Calabasas for $20 million – or $10 million less ...

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  • 02 Dec
  • The Real Deal
  • Uncategorized
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DJM plans upgrade at Torrance retail center with $75M loan

DJM’s Lindsay Parton and 21221 Hawthorne Boulevard (DJM Capital, Google Maps) DJM Capital plans to renovate a Torrance shopping center with a new $75 million loan. The firm scored the loan from Deutsche Bank last month on the ...

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  • 02 Dec
  • The Real Deal
  • Uncategorized
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California hovers near bottom on home ownership

(Illustration by Priyanka Modi for The Real Deal with Getty) Slightly more than half of Californians own a home, the third-lowest rate of ownership in the nation. The share of Californians living in a house they own didn’t budge during ...

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  • 02 Dec
  • The Real Deal
  • Uncategorized
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TRD’s December issue is live for subscribers!

The Real Deal‘s December 2022 issue is live for subscribers, and it’s a doozy. This month, we dive into Builder’s Remedy , a formerly obscure provision that California developers have now invoked to unleash a building bonanza. We also ...

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  • 02 Dec
  • The Real Deal
  • Uncategorized
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