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Month: January 2023

Exodus out of California has slowed, per moving van data

(Getty) The exodus out of California to other states has tapped the brakes. The number of outbound moving vans fell nearly 4 percent last year from 2021, but was still 55.7 percent of all trips, according to a study by the Orange ...

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  • 12 Jan
  • The Real Deal
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Med-style mansion in OC’s Newport Beach sells for $31M

Compass’ Michael Franco with 1 Pelican Crest Drive (Google Maps, Compass) Orange County marked the New Year with the sale of a $30.6 million mansion in Newport Beach, or $14.4 million less than its original asking price. The ...

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  • 11 Jan
  • The Real Deal
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Kroenke’s Woodland Hills mall deal financed with $244M Deutsche Bank loan

Deutsche Bank’s Christian Sewing and Stan Kroenke with 6220 North Topanga Canyon Boulevard (Getty, Google Maps) Stan Kroenke’s purchase of The Village in Woodland Hills last month was funded by a $244 million acquisition loan from ...

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  • 11 Jan
  • The Real Deal
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Archeon Group to join 180 apartments and grocery store in South LA

A photo illustration of 9402 South Broadway (Getty, Morphosis) Archeon Group is poised to buy a city-owned lot in South Los Angeles to build 180 apartments tied to a grocery store. 94B, an affiliate of the Koreatown-based development ...

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  • 11 Jan
  • The Real Deal
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Dean Factor lists Malibu home for $40M

23816 Malibu Road in Malibu with Dean Factor (Google Maps, Getty) Dean Factor, a great-grandson of Hollywood cosmetics mogul Max Factor, has placed his home for sale with an asking price of $40 million. The main house and a detached ...

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  • 11 Jan
  • The Real Deal
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MGR Real Estate buys office building in Ontario for $39M

MGR Real Estate’s Michael G. Rademaker with 855 East Guasti Road (MGR, Getty) MGR Real Estate has bought a 147,700-square-foot office building in Ontario for $38.5 million. MGR, based in the city, bought the Ontario Airport Tower, a ...

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  • 11 Jan
  • The Real Deal
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EBS Realty, Penwood snag Irvine industrial campus for $24M

19 Hughes Avenue, Irvine (Google Maps) EBS Realty Partners and a Connecticut investor have bought the former manufacturing campus for Teva Pharmaceuticals Industries in Irvine for $24 million. The Newport Beach-based commercial ...

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  • 10 Jan
  • The Real Deal
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LA rents dip in December, still higher than pre-pandemic

ApartmentList’s Rob Warnock (ApartmentList, Getty) The cost to rent a Los Angeles apartment dipped 1 percent in December, but that does not mean it’s becoming a cheaper city to live in, according to a research report from Apartment ...

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  • 10 Jan
  • The Real Deal
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USC expands Boyle Heights health campus with new building

USC President Carol Folt and a rendering of the expansion plans for the Boyle Heights health campus (LA City Planning, Twitter/@PresidentFolt) The University of Southern California is adding to its health sciences campus development ...

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  • 10 Jan
  • The Real Deal
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Ratkovich, JPMorgan land $41M loan on Culver City development

JPMorgan’s Jamie Dimon and Ratkovich Company’s Brian Saenger with 5950 Bowcroft Street (JPMorgan, LinkedIn, Google Maps, Getty) Cheap debt might be impossible to score, but companies are still managing to push through financing deals ...

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  • 10 Jan
  • The Real Deal
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