Month: January 2023

Hilton & Hyland’s David Kramer, Lori Hyland, Billy Jack Carter (Photo by Anthony Barcelo/Barcelo Photography) David Kramer, a top producing agent at Hilton & Hyland, was named president of the Beverly Hills residential firm on Jan. 19. Kramer will succeed Jeff Hyland, the popular and influential co-founder of the firm which bears his name. Hyland…

Sen. Scott Wiener (Illustration by The Real Deal with Getty) It was the state law that was supposed to end single-family zoning and remake California’s housing industry. But one year after the implementation of SB 9, the signature state housing law that allows homeowners to split their lots and build duplexes, “the impact … has…

Unibail Rodamco-Westfield’s Jean-Marie Tritant and 24201 West Valencia Blvd in Valencia (Unibail Rodamco-Westfield, Getty) Unibail-Rodamco-Westfield has missed its deadline to pay off a $195 million loan connected to the Valencia Town Center mall in Santa Clarita. The CMBS loan — provided by UBS and Barclays — was due this month, after entering into special servicing…

MetLife’s Robert Merck, Chase bank property (Loopnet, Getty, MetLife) J.P. Morgan Chase has acquired a 22-property California portfolio that it previously leased from MetLife, The Real Deal has learned. The package, which totals 252,000 square feet, changed hands in a $138 million deal, according to a source with knowledge of the transaction. The portfolio includes…

Tal and Oren Alexander, Tyrone McKillen (Side, Getty, Pulse Development Group) The Alexander brothers are coming to Los Angeles, and they’ve tapped a top local Compass broker to kick things off. Tyrone McKillen will be bringing his team to Official, the Side-backed residential brokerage Tal and Oren Alexander launched over the summer, The Real Deal…

Brad Pitt with 5769 Briarcliff Road (Getty, Google Maps) Brad Pitt is leaving his historic Craftsman home of nearly three decades in Los Feliz. He seeks $40 million. The “Babylon” star and producer has quietly listed the 6,700-square-foot home at 5769 Briarcliff Road, People reported, citing an unidentified real estate source. Pitt, a noted architecture…

Ares Management’s Michael Arougheti and 1800 Avenue of the Stars (LinkedIn, Montalba Architects) Ares Management is moving its marbles down the block in Century City. The Los Angeles-based investment management firm has signed a 12-year lease at 1800 Avenue of the Stars, Bloomberg reported. The deal includes naming rights to the building. The lease includes…

From left: Bob Rubenstein, Desiree Walker, Brent Watson, Morgan Trent, Susan and Drew Gitlin, Marco Salari, and Michelle Montany (Watson Salari, Coldwell Banker, Morgan Trent Luxury, Eklund|Gomes, Douglas Elliman, Getty) Marco Salari has worked at Coldwell Banker for five years. He was recently named partner in the Beverly Hills-based boutique firm helmed by Brent Watson.…

WS Communities’ Scott Walter and NMS Properties’ Neil Shekhter with rendering of 3030 Nebraska Avenue (WS Communities, Kevin Scanlon, Getty) WS Communities, an affiliate of Neil Shekhter’s NMS Properties, is planning to list its largest and most controversial builder’s remedy project in Santa Monica, The Real Deal has learned. The firm, headed by CEO Scott…

Townscape Partners’ Tyler Siegel and John Irwin with rendering of 8150 Sunset Boulevard and demolished Lytton Savings Bank (Getty, Gehry Partners LLP) Townscape Partners, a developer that demolished a midcentury bank in Hollywood to make way for a Frank Gehry-designed apartment building, has put the 2.5-acre property up for sale. The West Hollywood company has…