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Month: December 2022

Christina Real Estate to bring 28 condos to Sunset Strip

Christina’s Lawrence Taylor with rendering of Larrabee project (Christina) Silver Creek Commercial Development and Malibu-headquartered Christina Real Estate Investors have acquired a $2.45 million apartment building, which will serve ...

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  • 09 Dec
  • The Real Deal
  • Uncategorized
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Los Angeles considers amnesty for owners of illegal ADUs

Councilwoman Monica Rodriguez (Getty, Facebook, Abodu) A Los Angeles councilwoman has pitched a plan to let owners of illegal granny flats off the hook in return for offering affordable rents. Councilwoman Monica Rodriguez has filed a ...

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  • 09 Dec
  • The Real Deal
  • Uncategorized
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CIM’s favorite customer: CIM

From left: CIM Group’s Shaul Kuba, Avi Shemesh, and Richard Ressler (Photo Illustration by Steven Dilakian for The Real Deal with Getty, CIM Group, and LoopNet) In 2018, Donald Trump granted real estate a boon: The ...

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  • 09 Dec
  • The Real Deal
  • Uncategorized
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Edgewood Realty to combine medical and senior living complex in Pasadena

Edgewood Realty Partners’ Pete Kutzer with 491-577 Arroyo Parkway (Edgewood Realty Partners, Getty, Adept) Edgewood Realty Partners can break ground on a 135,000-square-foot medical research building and senior apartment complex in ...

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  • 08 Dec
  • The Real Deal
  • Uncategorized
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LA ranks near bottom of 2023 residential market forecast

(Getty) With just weeks to go before the new year, Realtor.com on Thursday published its 2023 housing forecast for the country’s 100 largest metro areas — and L.A. ranks near the bottom. The website’s model incorporates data from local ...

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  • 08 Dec
  • The Real Deal
  • Uncategorized
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Ares pays $60M for IE industrial building in quick flip

Ares Management’s Michael Arougheti with 100 Walnut Avenue (Loopnet, Ares Management, Getty) Industrial is still hot — so much so that Ares Management was willing to pay $18 million more for a property than it last traded for four ...

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  • 08 Dec
  • The Real Deal
  • Uncategorized
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“Ziggurat” auction in Laguna Niguel to start bids at $70M

William Pereira and the Chet Holifield Federal Building at 24000 Avila Road (Getty) A federal building in Laguna Niguel known as the “Ziggurat” for resembling an ancient stepped pyramid will soon hit the auction block. The starting bid ...

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  • 08 Dec
  • The Real Deal
  • Uncategorized
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LA County and OC host nearly a quarter of top U.S. housing markets

(Getty) Los Angeles and Orange counties have almost a quarter of the nation’s priciest real estate ranked by zip codes. The SoCal counties are home to 23 of the nation’s 100 priciest zip codes for housing, the Orange County Register ...

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  • 08 Dec
  • The Real Deal
  • Uncategorized
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House listings drop 26% in LA County during November

Listings volume is down 26%, according to Douglas Elliman’s latest report   During November, the number of listings for single-family homes declined 26 percent in Los Angeles County, according to a new quarterly report from Douglas ...

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  • 07 Dec
  • The Real Deal
  • Uncategorized
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Trae Young ID’d as buyer of $20M Clay Matthews’ pad in Calabasas

A photo illustration of NBA star Trae Young and 25314 Prado De La Felicidad in Calabasas (Getty, Zillow) NBA basketball player Rayford “Trae” Young was revealed as the buyer who paid $20 million for a Calabasas mansion owned by former ...

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  • 07 Dec
  • The Real Deal
  • Uncategorized
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