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Month: February 2023

Long Beach to add new tiny homes, Project Homekey housing

Long Beach Mayor Rex Richardson and 5950 Long Beach Boulevard (Getty, Loopnet, Rex Richardson for Mayor) The city of Long Beach is set to get new modular homes and a new Project Homekey hotel-to-housing conversion as part of an effort ...

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  • 11 Feb
  • The Real Deal
  • Uncategorized
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Hudson Pacific betting on “next Amazon or next Google” to spur office market

Hudson Pacific Properties CEO Victor Coleman and 3400 Hillview Avenue in Palo Alto (Hudson Pacific Properties, CoStar) Don’t worry if Google or Amazon are cutting down on leasing. Think about the “next Google or the next Amazon” ...

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  • 10 Feb
  • The Real Deal
  • Uncategorized
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City of LA’s price to hike rent by more than 10% on 2-bedroom place: $8,400

Council members Nithya Raman and John Lee (Getty, Bernie Sanders, LA City Council) A progressive bloc in the Los Angeles City Council is claiming a win with the 15-set body set to make landlords who want to hike rents by more than 10 ...

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  • 10 Feb
  • The Real Deal
  • Uncategorized
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Inland Empire development icon dies after mountain summit

A photo illustration of the late John Magness (Getty, LinkedIn/John Magness) John Magness, a development executive who helped transform the Inland Empire into a national logistics epicenter, died on Saturday after summiting a mountain ...

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  • 10 Feb
  • The Real Deal
  • Uncategorized
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Brentwood Park trophy home listed for $30M

221 S. Cliffwood Ave; Andrew and Ellen Bronfman Hauptman (Getty, Google Maps) Seagram heiress Ellen Bronfman Hauptman and her husband Andrew Hauptman are making a name with their Los Angeles trophy home collection. Along with being a ...

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  • 10 Feb
  • The Real Deal
  • Uncategorized
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Nelson Rising, whose projects helped shape today’s California, dies

Nelson Rising (Rising Realty Partners) Nelson Rising, a developer who mastered the art of political relationships and the science of skyscraper building, spearheading megaprojects such as Downtown Los Angeles’ U.S. Bank Tower, the ...

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  • 10 Feb
  • The Real Deal
  • Uncategorized
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Redondo Beach nixes builder’s remedy plan for 35 apartments

SLH Investments’ Leo Pustilnikov, rendering of 1021 North Harbor Drive (Getty, City of Redondo Beach, Kevin Scanlon) The city of Redondo Beach has thrown a punch at developer Leo Pustilnikov, who plans to redevelop a local power plant ...

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  • 10 Feb
  • The Real Deal
  • Uncategorized
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Transfer tax dries up multifamily financing in LA

Cityview’s Damian Gancman with LaTerra Development’s Chris Tourtellotte (Cityview, LinkedIn, Getty) Lenders have pulled back from making construction loans on ground-up multifamily projects in the city of Los Angeles since voters ...

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  • 10 Feb
  • The Real Deal
  • Uncategorized
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Builder’s remedy filings call for 576 homes in Orange

TRC Retail’s Scott Grady (left), Stonefield Development’s Bob Pack, 1500 East Village Way (TRC Retail, Getty, LinkedIn, Stonefield Development) Developers seeking automatic housing approvals under the state builder’s remedy have swept ...

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  • 09 Feb
  • The Real Deal
  • Uncategorized
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LAC supervisor to landlords: “You all have been left out”

Apartment Association of Daniel Yukelson; L.A. County Supervisor Kathryn Barger (Linkedin, County of Los Angeles, Getty) A county-run relief fund for small landlords should be operational within weeks, L.A. County Supervisor Kathryn ...

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  • 09 Feb
  • The Real Deal
  • Uncategorized
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  • Recent Posts

    • Long Beach to add new tiny homes, Project Homekey housing February 11, 2023
    • Hudson Pacific betting on “next Amazon or next Google” to spur office market February 10, 2023
    • City of LA’s price to hike rent by more than 10% on 2-bedroom place: $8,400 February 10, 2023
    • Inland Empire development icon dies after mountain summit February 10, 2023
    • Brentwood Park trophy home listed for $30M February 10, 2023
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