Month: January 2023

Sylvester Stallone with 24304 Hidden Valley Road (Getty, Google Maps) Sylvester Stallone is going to fly from his 10,500-square-foot pad in Hidden Hills. The ask: $22.5 million. Eleven months after he bought it, the beefy actor known for his “Rocky” and “Rambo” series has listed his west San Fernando Valley mansion at 24304 Hidden Valley…

Geoff Palmer, 1000 West Temple Street in L.A. and Goldman Sachs CEO David Solomon (Getty, Goldman Sachs, Google Maps) Geoff Palmer rang in the new year with a brand new $260 million loan on his largest multifamily complex in Los Angeles. The developer and landlord, who runs G.H. Palmer Associates, secured the financing on 1000…

Cypress Equity Investments’ Michael Sorochinsky and 2225 Sunset Boulevard (Cypress Equity Investments, Ottinger Architects) Cypress Equity Investments has been cleared to build a 176-unit apartment complex in Echo Park. The Brentwood-based developer has received a construction permit to build the seven-story building at 2225 Sunset Boulevard, just west of Alvarado Street, Urbanize Los Angeles reported. …

From left: Unibail Rodamco Westfield’s Jean-Marie Tritant and Stan Kroenke with Westfield Santa Anita (Getty, Saiful Bouquet) As interest rates rose and optimism dipped, Greater L.A.’s commercial real estate market hit slumped in 2022. But despite the headwinds, it was a banner year for major retail sales as investors looked to capitalize on the post-pandemic…

Kilroy Realty’s Tyler Rose with 384 Oyster Point Blvd (Kilroy Reality, Getty) Tyler Rose, president of Kilroy Realty, has called it quits after a quarter century of major projects. The president and secretary of the Los Angeles-based real estate investment trust will step down March 1, the San Francisco Business Times reported, citing a regulatory…

From left: Stephen Kotler and Zane Widdes ( Zane Widdes, Stephen Kotler) The number of new house listings has slid downward in Los Angeles County for months, but there was a marked decrease in the last month of the year. In December, there were 1,151 new residential listings in Los Angeles County, compared to 1,794…

Buchanan Street Partners’ Timothy Ballard with 24422 Avenida de la Carlota (Loopnet, Getty, Buchanan Street Partners) Buchanan Street Partners has picked up a 120,300-square-foot office building in Laguna Niguel for $28.1 million. The Newport Beach-based real estate investor bought the four-story Oakbrook Plaza at 24422 Avenida de la Carlota with plans to convert it into…

LA Housing Authority building at 2600 Wilshire Blvd. Los Angeles (Google Maps, Illustration by Priyanka Modi for The Real Deal with Getty) A ransomware gang is threatening to publish a large volume of data it stole from the Housing Authority of the City of Los Angeles unless a ransom is paid, the Los Angeles Times…

AAGLA’s Dan Yukelson, L.A. Times’ Terry Tang and ACT-LA’s Laura Raymond (AAGLA, L.A. Times, Alliance for Community Transit-Los Angeles, Getty) Days after the Southern California News Group, the newspaper chain whose titles include the Los Angeles Daily News and Orange County Register, published an op-ed blasting the City of L.A.’s controversial new transfer tax, the…

Edward H. Hamm Jr. and 28060 Sea Lane Drive, Malibu (Daniel Tacconelli/Sotheby’s International Realty, Getty) The buyer of a $91 million manse in Malibu last month has been hamming it up in Paradise Cove. Edward Hamm Jr., a movie producer and heir to the Hamm’s Beer fortune, was revealed as the buyer of the 17,000-square-foot…