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Month: January 2023

One San Pedro moves forward with nearly 1,600 homes near LA port

Richman Group’s Richard Richman, National CORE’s Steve PonTell, Century Housing’s Ronald M. Griffith; One San Pedro (One San Pedro, Getty, Richman Group, National CORE, Century Housing) One San Pedro Collaborative is poised to ...

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  • 25 Jan
  • The Real Deal
  • Uncategorized
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Oaktree Capital co-founder sells Holmby Hills mansion

Oaktree Capital’s Howard Marks and 219 South Mapleton Drive in Holmby Hills (Getty, Oaktree Capital, Hilton & Hyland) Billionaire Oaktree Capital co-founder Howard Marks has left Mapleton Drive in Holmby Hills, the same street ...

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  • 25 Jan
  • The Real Deal
  • Uncategorized
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Apartment rents in OC fall 2.5% since September

(Illustration by Priyanka Modi for The Real Deal with Getty) Double-digit rent increases in Orange County have hit the wall. Rent hikes as steep as 30 percent in OC since 2020 have plateaued, with average apartment rents sliding 2.5 ...

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  • 25 Jan
  • The Real Deal
  • Uncategorized
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Family office pays $38M for West Covina apartments

HFH’s William Allen; 217 S Barranca St, West Covina (Loopnet, HFH, Getty) HFH Limited, a family office linked to the descendants of one of the founders of Cedars-Sinai Medical Center, bought the South Hill Apartments in West Covina for ...

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  • 25 Jan
  • The Real Deal
  • Uncategorized
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Relocation money, just-cause evictions: LA’s new rent laws

LA Mayor Karen Bass (Getty) UPDATED, Jan. 24, 2023, 5:04 p.m.: The Los Angeles City Council passed a new set of renter protections last week, requiring landlords to pay moving assistance fees for evicted persons in some cases, and ...

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  • 24 Jan
  • The Real Deal
  • Uncategorized
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Long Beach loans developers $6.1M for affordable apartments

Holos Communities’ Cristian Ahumada, Jamboree Housing’s Laura Archuleta (Holos Communities, Jamboree Housing, Getty) The City of Long Beach has loaned a combined $6.1 million to two developers to build separate affordable housing ...

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  • 24 Jan
  • The Real Deal
  • Uncategorized
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Pacific Palisades mansion sells for $1M below previous price

14180 Rustic Lane, Pacific Palisades (Google Maps, Getty) Once listed for $37.5 million, a 3,600-square-foot Pacific Palisades house with a bomb shelter that was converted into a wine cellar recently sold for $24.5 million. On the ...

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  • 24 Jan
  • The Real Deal
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263-acre Bel-Air canyon up for auction with $39M starting bid

Compass’ Scott Tamkin with Senderos Canyon (USC Annenberg, Senderos Canyon, Getty) A 263-acre undeveloped canyon in Bel-Air has listed for a minimum bid of $39 million, or 70 percent off its original asking price. An unidentified ...

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  • 24 Jan
  • The Real Deal
  • Uncategorized
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RBM buys film company HQ in Sawtelle for undisclosed price

RBM’s Hiro Kobayashi with 11264 La Grange Avenue (LinkedIn, Google Maps, Getty) Whitewater Films has sold its nearly 22,000-square-foot office headquarters in West Los Angeles for an undisclosed price. The Sawtelle-based entertainment ...

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  • 24 Jan
  • The Real Deal
  • Uncategorized
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LA County office vacancy rises to 16.5%, study finds

LA Offices vs LA Warehouses (Illustration by Priyanka Modi for The Real Deal with Getty) Los Angeles office cubicles struggle to find occupants, while the market’s warehouses are crammed with e-commerce goods. The vacancy rate for L.A. ...

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  • 23 Jan
  • The Real Deal
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