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Month: December 2022

Starwood takes Schreiber’s Broadway Trade Center following foreclosure

From left: Starwood Capital’s Barry Sternlicht and Joel Schreiber along with 801 South Broadway (Getty, LoopNet) There’s a new chapter in the ongoing saga of the Broadway Trade Center. After bankruptcy filings, a failed sale and a ...

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  • 21 Dec
  • The Real Deal
  • Uncategorized
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Once listed for $75M, The Glazer Estate trades for $40M

Dean Martin and Guilford Glazer with 601 Mountain Drive (Illustration by The Real Deal with Getty, Zillow) After years on and off the market, The Glazer Estate, located at 601 Mountain Drive in Beverly Hills, has a new owner. The ...

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  • 21 Dec
  • The Real Deal
  • Uncategorized
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Harbor home in Newport Beach sells for $23M

Patterson Custom Home’s Andrew Patterson with 2209 Bayside Drive (Compass, Patterson Custom Homes, Getty) Patterson Custom Homes has sold a new dockside house in Newport Beach for $23 million, or $3.9 million below its highest asking ...

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  • 21 Dec
  • The Real Deal
  • Uncategorized
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Developer sues Manhattan Beach for rejecting project

Highrose El Porto’s Frank Buckley with rendering of 401 Rosecrans and 3770 Highland Avenues (LinkedIn, Withee Malcolm Architects, Getty) A Sacramento developer has sued the city of Manhattan Beach, which ran afoul of state housing ...

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  • 20 Dec
  • The Real Deal
  • Uncategorized
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Top industrial deals prove sector’s resilience in 2022

2901 Fruitland Ave, 14001-14007 & 14014-14051 Rosecrans Avenue and 920 E Pacific Coast Highway (Loopnet, Getty) Investors continued to pour hundreds of millions of dollars into industrial properties this year in spite of rising ...

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  • 20 Dec
  • The Real Deal
  • Uncategorized
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Study finds California must spend nearly $100B by 2035 to end homeless crisis

California Governor Gavin Newsom (Getty) To provide shelter for its homeless residents, California would need to build more than 112,500 affordable apartments at a cost of $5.7 billion a year for a dozen years, according to a new ...

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  • 20 Dec
  • The Real Deal
  • Uncategorized
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SoCal’s wildest real estate lawsuits of 2022

Clockwise from left: Erewhon Studio City, The One, Nile Niami,  Chris Pearson, Erewhon CEO Tony Antoci and Midwood CEO John Usdan (Getty; Illustration by The Real Deal) In the SoCal real estate industry, 2022 was the year that The One, ...

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  • 20 Dec
  • The Real Deal
  • Uncategorized
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Integral Communities gets final OK for 226 homes along LA River in Long Beach

Integral Communities’ Eugene Rosenfeld with 12 Baker Street (Rosenfeld Family, City of Long Beach) Integral Communities received a final go-ahead to develop 226 homes along a polluted stretch of the Los Angeles River in North Long ...

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  • 20 Dec
  • The Real Deal
  • Uncategorized
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East Hollywood transit corridor draws developers

1136 North Vermont Avenue and Michel Pourmussa (Google Maps, Facebook) A rapidly transforming corridor of East Hollywood could see a new seven-story residential complex added to the mix. The plans, filed by property owner Michel ...

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  • 20 Dec
  • The Real Deal
  • Uncategorized
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Beverly Hills Post Office mansion sells at discount

1332 Laurel Way in Beverley Hills (The Laurel Way, Getty) A mansion in the Beverly Hills Post Office neighborhood sold for $18.2 million, or about 9 percent less than the most recent asking price, according to the Zillow listing site. ...

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  • 19 Dec
  • The Real Deal
  • Uncategorized
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