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Month: January 2023

Developer owes $6M to contractor for Hollywood apartment project: lawsuit

ELK’s Evan Kasper with 1410 North Highland Avenue (ELK Development, Google Maps, Getty) The general contractor on a project in Hollywood has sued ELK Development, claiming the company has failed to pay about a quarter the $23 million ...

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  • 17 Jan
  • The Real Deal
  • Uncategorized
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Rexford picks up Fox Racing HQ site in Irvine for $40M

Rexford’s Howard Schwimmer and Michael Frankel, 16752 Armstrong Avenue (Getty, Rexford Industrial, Clive Wilkinson Architects) Rexford Industrial Realty has bought the 81,600-square-foot headquarters for Fox Racing in Irvine for $40 ...

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  • 17 Jan
  • The Real Deal
  • Uncategorized
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Pasadena’s Deasy Penner Podley/DPP splits with Side

From left: Side’s Guy Gal and DPP’s Mike Deasy and George Penner (Getty, DPP, Side) After an 18-month union with Side, luxury boutique firm Deasy Penner Podley/DPP has cut ties with the San Francisco-based white-label brokerage. DPP ...

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  • 17 Jan
  • The Real Deal
  • Uncategorized
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Study: IE has the state’s wildest home-price swings

(Getty) The market with the biggest seesaw for home prices in California is the Inland Empire. The region making up Riverside and San Bernardino counties is home to the state’s largest swings in home values, according to an Orange ...

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  • 17 Jan
  • The Real Deal
  • Uncategorized
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Artist Guild Hotels restores motor court motel in Dana Point

Artist Guild Hotels’ Daniel Hyde and 34862 Pacific Coast Highway, Dana Point (Google Maps, LinkedIn) A bedraggled World War II-era motel overlooking Doheny State Beach in Dana Point is getting an end-to-end makeover. The 30-room ...

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  • 17 Jan
  • The Real Deal
  • Uncategorized
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Montana Avenue Capital pays $37M for Burbank entertainment complex

Montana Avenue Capital Partners Jeremy Rogers with 2777 North Ontario Street (Montana Avenue Capital Partners, Google Maps, Getty) Montana Avenue Capital Partners has bought a 127,100-square-foot entertainment campus in Burbank for $37 ...

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  • 16 Jan
  • The Real Deal
  • Uncategorized
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Newsom’s proposed budget cuts $350M from housing programs

Gov. Gavin Newsom (Illustration by The Real Deal with Getty) After years of record budget surpluses, California now faces a projected $22.5 billion budget deficit, Gov. Gavin Newsom announced last week. The governor nevertheless struck ...

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  • 16 Jan
  • The Real Deal
  • Uncategorized
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Spelling Manor cuts ask to $155M

Aaron Spelling with Spelling Manor (Getty, Atwater Village Newbie CC BY 2.0 via Wikimedia Commons) Spelling Manor’s claim to the Los Angeles market’s priciest listing continues to slip. The palatial Holmby Hills estate, located at 594 ...

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  • 16 Jan
  • The Real Deal
  • Uncategorized
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Unions at UC campuses demand schools divest $4B from Blackstone

From left: UC Regents’ Jagdeep Singh Bachher and Blackstone’s Stephen A. Schwarzman with UCLA and UC Berkeley (Getty, Blackstone, University of Waterloo) Unions representing 110,000 workers at 10 University of California campuses have ...

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  • 16 Jan
  • The Real Deal
  • Uncategorized
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Swickard Auto buys Inland Empire Toyota dealer for $40M

Swickard Auto Group’s Jeff Swickard with 1201 Kettering Drive (Swickard, Getty) Swickard Auto Group has bought a nearly 23-acre Toyota dealership in the Inland Empire for $40 million. The Oregon-based auto group bought John Elway’s ...

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  • 16 Jan
  • The Real Deal
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