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Month: January 2023

Gensler pushes carbon-neutral offices, starting in SF

Gensler’s Randy Howder and Mills building (The Swig Company, Getty, Oksana Kovneva) As the world’s largest architectural firm, Gensler had plenty of options for the relocation of its San Francisco hub, especially with the high ...

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  • 23 Jan
  • The Real Deal
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Private equity developer offers low-cost alternative to house homeless in LA

Deborah La Franchi and render of 10400 S. San Pedro (Tim Berger c/o SDS Capital, Getty) Los Angeles Mayor Karen Bass has declared a state of emergency on homelessness, and Deborah La Franchi of SDS Capital Group thinks private equity ...

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  • 23 Jan
  • The Real Deal
  • Uncategorized
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LA expands renter protections before eviction moratorium ends

Los Angeles Mayor Karen Bass (Getty) Los Angeles has greatly expanded protections for renters, heading off a potential wave of evictions. The L.A. City Council voted to enact permanent tenant protections 11 days before a policy expires ...

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  • 23 Jan
  • The Real Deal
  • Uncategorized
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Scenic Expressions leases 300K sf warehouse in Santa Clarita

25530-25765 Springbrook Avenue, Santa Clarita (Google Maps, Getty) Scenic Expressions has inked a lease for a nearly 300,000-square-foot warehouse to store movie and TV props and sets in Santa Clarita. The North Hollywood-based ...

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  • 23 Jan
  • The Real Deal
  • Uncategorized
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Regal Cinemas to close 39 U.S. theaters following bankruptcy

A photo illustration of Cineworld’s CEO Mooky “Moshe” Greidinger (Getty) The silver screens at dozens of Regal Cinemas across the nation will go dark soon. The Tennessee-based movie chain, the second largest in the U.S., will close 39 ...

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  • 20 Jan
  • The Real Deal
  • Uncategorized
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Long Beach woos landlords with bonuses to accept rental vouchers

Long Beach Mayor Rex Richardson (Getty, Rex Richardson for Long Beach Mayor) Long Beach landlords can get bonuses for accepting city rental vouchers from low-income residents. The City of Long Beach is now offering financial incentives ...

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  • 20 Jan
  • The Real Deal
  • Uncategorized
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LA City Council poised to enact tenant protection package

Los Angeles Councilmembers Bob Blumenfield and Nithya Raman (Getty) Los Angeles is poised to enact permanent tenant protections after a policy expires that prevents landlords from evicting tenants who claimed COVID-19-related ...

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  • 20 Jan
  • The Real Deal
  • Uncategorized
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Developers pays $18M for Garden Grove lot in apartment play

10115 Garden Grove Blvd (Google Maps) Kam Sang bought a 5.5-acre lot in Garden Grove for $18 million, with plans to build a 460-unit apartment complex. The Arcadia-based developer bought the city-owned lot at 10115 Garden Grove ...

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  • 20 Jan
  • The Real Deal
  • Uncategorized
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Sizing up LA’s new transfer tax

(Photo-illustration by Kevin Rebong/The Real Deal) When the U.S. subsidiary of Chinese developer Greenland sold one of its trophy assets in Downtown Los Angeles for $504 million in November, the firm paid $554,400 in county transfer ...

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  • 20 Jan
  • The Real Deal
  • Uncategorized
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Former LA city councilman José Huizar to plead guilty to bribery and tax evasion

Jose Huizar (Getty) Former L.A. city councilman José Huizar has agreed to plead guilty in a widespread bribery case that rattled city government and embroiled a number of real estate developers. Huizar admitted to extorting at least ...

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  • 19 Jan
  • The Real Deal
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