Month: January 2023

(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 official homeless count found decreasing homelessness in Skid Row, Hollywood and Venice, the Santa Monica-based think tank discovered…

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 trophy asset, the Pacific Design Center, The Real Deal has learned. Cohen Brothers Realty’s new loan from Goldman Sachs replaces a…

(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 market in the fourth quarter of 2022 was down by 27 percent from…

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 getaway driver for the thief played by Robert De Niro in the 1995 action…

(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 median price falling 1 percent, the Orange County Register reported, citing CoreLogic figures. Home sales fell to…

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 real estate investor acquired the nearly 1-acre site at 205-233 East Anaheim Street, at Locust Avenue, the Los Angeles Business…

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 project to what has become one of L.A.’s hottest neighborhoods for both commercial and residential development. The South L.A. neighborhood has long…

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 Japanese-inspired style, recently sold for $18 million. Located at 16041 Woodvale Road, the mansion was initially listed for $26 million in September…

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 charge of conducting the regional homeless count appointed Va Lecia Adams Kellum as CEO, the Los Angeles Daily News…

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 79-unit apartment complex fought by neighbors. Three months after initially denying plans by developer Frank Buckley, the upscale South…