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Month: January 2023

RAND report finds 18% rise in homelessness at LA hot spots

(Illustration by The Real Deal with Getty) Thousands of volunteers fanned out across Los Angeles County this week for a 2023 homeless count. A new RAND survey casts doubt on the separate “point-in-time” tally. While last year’s ...

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  • 27 Jan
  • The Real Deal
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Charles Cohen’s Pacific Design Center scores $265M refi

Charles Cohen with 8687 Melrose Avenue (MiamiFilmFestival CC BY-SA 2.0 via Wikimedia Commons, Google Maps, Getty) Billionaire developer Charles Cohen has scored a $265 million refinancing package on two buildings at his West Hollywood ...

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  • 27 Jan
  • The Real Deal
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LA’s active resi agent pool shrinks 27% as market slows

(Illustration by Kevin Cifuentes for The Real Deal with Getty Images) Los Angeles’ corps of real estate agents is declining — by hundreds of agents — as the market heads into a slowdown. The number of active agents in the Los Angeles ...

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  • 27 Jan
  • The Real Deal
  • Uncategorized
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Famous movie stilt house in East LA hits market for $1.6M

Danny Trejo and 1219 Dodds Circle in Los Angeles (Google Maps, Getty) A midcentury house on stilts in East Los Angeles that starred in “Heat” is listed for a cool $1.6 million. The movie home of Danny Trejo’s Gilbert, the longtime ...

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  • 27 Jan
  • The Real Deal
  • Uncategorized
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SoCal home sales drop by half, prices fall 1% in 2022

(Illustration by The Real Deal with Getty) Rising home mortgage rates have poured sand into the tank of Southern California home prices and sales. Total home sales dropped 47 percent last year across the six-county region, with the ...

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  • 27 Jan
  • The Real Deal
  • Uncategorized
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Tova Capital buys 35K sf shopping center in Long Beach for $6.2M

Tova Capital’s Zach Boren along with 205-233 East Anaheim Street in Long Beach (Getty, Tova Capital, Google Maps) Tova Capital has bought a 34,500-square-foot shopping center in North Long Beach for $6.2 million. The Brentwood-based ...

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  • 26 Jan
  • The Real Deal
  • Uncategorized
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High-density West Adams to get more apartments

Amir Ohebsion and West Adams apartments rendering (Getty, Linkedin, John Kaliski Architects) Development firm Haroni Investments has filed plans for a five-story, 90-unit apartment building in West Adams. The plans add yet another ...

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  • 26 Jan
  • The Real Deal
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Japan-inspired mansion in San Fernando Valley fetches $18M

Buyer Annah Bach and 16041 Woodvale Road in Encino (Google Maps, Instagram/@annahbach) Onin, an Encino mansion by architect Eran Gispan that has gained attention from glossy magazines such as Architectural Digest for its ...

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  • 26 Jan
  • The Real Deal
  • Uncategorized
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LA County homeless agency picks new CEO

Los Angeles Homeless Services Authority’s Va Lecia Adams Kellum (Housing California, Getty) The Los Angeles Homeless Services Authority has hired a new czar on homelessness. Her starting pay: $430,000 a year. The joint powers agency in ...

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  • 26 Jan
  • The Real Deal
  • Uncategorized
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Manhattan Beach OKs complex after denying it months ago

Highrose El Porto’s Frank Buckley with rendering of 401 Rosecrans and 3770 Highland Avenues (LinkedIn, Withee Malcolm Architects, Getty) Bowing to state housing regulators, the City of Manhattan Beach has given a green light to a ...

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  • 26 Jan
  • The Real Deal
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