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Month: January 2023

Hawkins Way, Värde buy defunct Marriott East Side hotel

From left: Värde Partners’ IIfryn Carstairs and Hawkins Way Capital’s Ross Walker along with 525 Lexington (Getty, Värde Partners, Hawkins Way Capital, Google Maps) Hawkins Way Capital has picked up another shuttered hotel on ...

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  • 31 Jan
  • The Real Deal
  • Uncategorized
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IE warehouse boom generates call for building moratorium

Susan Phillips, a professor of environmental analysis and director of Pitzer College’s Robert Redford Conservancy for Southern California Sustainability and San Bernardino County Supervisor Curt Hagman with warehouses in San Bernardino ...

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  • 31 Jan
  • The Real Deal
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Long Beach’s Golden Shore megaproject goes on sale

Michael Anthony Group’s Michael Biller with the Golden Shore project (LinkedIn, City of Long Beach) One of Long Beach’s biggest development sites has hit the market. Golden Shore, a roughly 6-acre, four-parcel waterfront site where a ...

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  • 31 Jan
  • The Real Deal
  • Uncategorized
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Movers: John Stanaland joins Douglas Elliman, de la Garza joins Coldwell Banker, Oppenheim Group to open San Diego office

Douglas Elliman’s John Stanaland, Coldwell Banker’s Teri Anderson, Oppenheim Group’sJason Oppenheim, Coldwell Banker’s Roddy de la Garza and The Keystone Group’s Evan McFadden (Coldwell Banker, Douglas Elliman, Oppenheim Group, The ...

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  • 31 Jan
  • The Real Deal
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Consortium OK’d for 900-unit revamp of CityPlace Long Beach

Turnbridge Equities’ Andrew Joblon, Waterford’s John Drachman and Sean Rawson and Monument Square Investment’s Zac Leichtman-Levine with Mosaic housing development (Turnbridge Equities, LinkedIn, Waterford Property Company, Monument ...

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  • 31 Jan
  • The Real Deal
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LA passes “just cause” eviction protection

Los Angeles Councilwoman Nithya Raman and Mayor Karen Bass (Getty, Nithya Rama/Public domain/via Wikimedia Commons) Los Angeles has passed a tenant protection package, including “just cause” eviction protections and a timeline for ...

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  • 31 Jan
  • The Real Deal
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Coretrust loses DTLA tower to Oaktree in foreclosure

Oaktree’s Howard Marks with 444 S. Flower Street (Oaktree, Getty) Coretrust Capital Partners lost control of its prized 48-story Downtown Los Angeles office tower in foreclosure to Oaktree, according to a source familiar with the ...

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  • 30 Jan
  • The Real Deal
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LA, OC see $30B in CMBS loans due this year

2121 Avenue of the Stars and 555 West 5th Street (Brookfield Properties, Irvine Company) If you thought the roughly $10 billion in maturing CMBS debt tied to properties in Los Angeles and Orange counties last year was hefty, consider ...

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  • 30 Jan
  • The Real Deal
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Lennar project may qualify for builder’s remedy in La Habra

Lennar’s co-CEOs Rick Beckwitt and Jon Jaffe with Westridge Golf Club at 1400 South La Habra Hills Drive (Lennar, Westridge Golf Club) La Habra looms as the next battleground for the so-called “builder’s remedy” strategy, with a plan ...

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  • 30 Jan
  • The Real Deal
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Lawsuit to overturn permits tied to Huizar appealed to state Supreme Court

AIDS Healthcare Foundation’s Jonathan Eisenberg (NBCLA, Getty, Works Progress Architecture) A legal challenge at the state’s highest court could imperil construction projects tied to former Los Angeles councilman Jose Huizar, who has ...

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  • 30 Jan
  • The Real Deal
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