Month: January 2023

Ellen Bronfman Hauptman, Andrew Hauptman and 8905 Devlin Place, Los Angeles (The Charles Bronfman Prize, Luxury House, Getty) The mystery buyer of a $28.3 million mansion in the Hollywood Hills designed by Paul McClean was a Canadian heir to the Seagram liquor fortune. Bronfman family scion Ellen Bronfman Hauptman and her husband, businessman Andrew Hauptman,…

Michael B. Jordan and 4565 Encino Avenue (Google Maps, Getty) Michael B. Jordan, star of “Creed” and “Black Panther,” is looking to sell his Los Angeles mansion for almost $13 million. Andrew Mortaza and Bryan Castaneda of The Agency are the listing agents for the 12,300-square-foot home at 4565 Encino Avenue in Encino, the Wall…

Michael Rosenfeld, Doug Frye, Glorya Kaufman, Harvey Bookstein and 2050 Avenue of the Stars (Getty, Linkedin, Google Maps, USC Glorya Kaufman School of Dance) UPDATED Jan. 13, 2023, 3:31 p.m. Doug Frye, former CEO of Colliers. Harvey Bookstein, a former partner at Armanino, the auditor behind collapsed cryptocurrency firm FTX. Glorya Kaufman, the widow of…

Daylight Community Development’s Greg Comanor, Decro Corp’s Ted M. Handel and 1043 South Harvard Boulevard (Studio One Eleven, Linkedin, Decro Corp, Getty) Daylight Community Development and Decro have completed 47 apartments for homeless seniors in Harvard Heights. The West Hollywood-based Daylight and the Culver City-based nonprofit Decro built the modular complex at 1043 South Harvard…

Stefanie Pollack and Dennis Chernov (Getty, Chernov Team, LinkedIn) Dennis Chernov, a top San Fernando Valley broker, squeezed a fellow broker out of a development site deal and pocketed the proceeds, a lawsuit the broker filed alleges. Stefanie Pollack is asking for damages of $650,000 or higher from Chernov, alleging that she was cut out…

Ben Shaoul with rendering of 5035 West Coliseum Street (Getty, AO) Thrive Living aims to go large in Baldwin Hills. Thrive, a Los Angeles-based unit of Magnum Real Estate Group of New York, has announced plans to build a six-story building with a Costco store and 800 apartments at 5035 West Coliseum Street in Baldwin…

Anaheim Mayor Ashleigh Aitken and the Covered Wagon Motel at 823 South Beach Boulevard in Anaheim (Anaheim.net, Loopnet) The City of Anaheim has bought and bulldozed a crime-ridden motel as part of a campaign to redevelop Beach Boulevard. Last month, the city paid $6.6 million to buy the red-tagged Covered Wagon Motel at 823 South…

Attorney General Merrick Garland and City National Bank president Kelly Coffey (Getty) In a landmark redlining settlement, the Department of Justice announced Thursday that City National Bank has agreed to pay $31 million related to claims that the bank systematically discriminated against Black and Hispanic Angelenos who sought mortgages. “This settlement is historic, marking the…

Rendering of 8899 Beverly (8899 Beverly, Getty) The sale of six condos, with a combined price of $53 million, in ultra luxury building 8899 Beverly was made public last week. Townscape Partners, owner of the building at 8899 Beverly Boulevard in the West Hollywood area, declined to confirm how many residences have been sold at…

Long Beach Mayor Rex Richardson (Getty, Rex Richardson) First came Los Angeles. Then Los Angeles County. And now Long Beach has declared a state of emergency on homelessness. The Long Beach City Council unanimously approved an emergency declaration on homelessness, joining L.A. and the county in their latest attempt to thwart the crisis, the Long…