Month: February 2023

A Community of Friends CEO Dora Leong Gallo and renderings of the Liberty Lane housing complex at Texas Street and Lugonia Avenue (A Community of Friends, Getty) Homeless residents in Redlands may soon have a place to call home, despite a legal pushback from neighbors. A Community of Friends is expected to break ground this…

(Illustration by The Real Deal with Getty) A Calabasas-based developer — who has allegedly moonlighted as an abusive porn director — has pleaded guilty to faking tax returns and failing to disclose false income on a bankruptcy petition. Mark Handel, 68, agreed to plead guilty to two charges, one for filing a false statement during…

Leo Pustilnikov (Photos by Kevin Scanlon) Even from a half mile away, the property was arresting. It was a sunny November morning in Redondo Beach, and the sweeping downhill view of the Pacific coastline was crowded out by towering white smokestacks and an imposing wall of steel. The sight was jarring, as if a block-wide…

Elijahu Shapira and 7 Strand Beach Drive in Dana Point (Google Maps, LinkedIn) A Dana Point beachside home has listed for a Malibu-like price of $55 million. The 9,600-square-foot house overlooking Monarch Beach is for sale at 7 Strand Beach Drive, the Orange County Register reported. If it can fetch its asking price, it would be…

Josh Altman and Jade Mills along with 1035 Stradella Road in Bel-Air (Getty, Compass Real Estate/The Fridman Group, Jade Mills Estates) With about 53 days until the Measure ULA “mansion tax” takes effect in the city of Los Angeles, some sellers are scrambling to unload luxe listings before having to pay hefty amounts on homes…

From left: Related California’s Gino Canori and William Witte with 710 Broadway (710 Broadway, Getty, Related) Related California secured the financing necessary to start building its 280-unit, mixed-use development in Downtown Santa Monica. The firm, run by William Witte, scored $375 million to start construction on 710 Broadway, according to a Monday announcement. Related is…

Jim Carrey with 615 North Tigertail Road in Los Angeles (Google Maps, Getty) Funnyman Jim Carrey has listed his Brentwood ranch house of three decades for $28.9 million. The actor-artist whose roles span from “Cable Guy” to “Sonic the Hedgehog” is selling his 12,700-square-foot home at 615 North Tigertail Road because he no longer spends…

Onni Group’s Rossano De Cotiis and Wilshire Courtyard at 5700-5750 Wilshire Boulevard in Los Angeles (Google Maps, Getty) Onni Group has inked a lease with Sony Pictures for 225,000 square feet of offices in Mid-Wilshire. The Vancouver-based real estate investor signed the long-term, multi-floor lease with Sony at its two-building Wilshire Courtyard at 5700 and…

Optimus Properties’ Kamyar Shabani and K. Joseph Shabani with 8825 Washington Blvd., Pico Rivera (Optimus Properties, Google Maps) Optimus Properties has won approval to build a 255-unit apartment complex in Pico Rivera. The Century City-based developer has received a conditional use permit, a zone reclassification and a general plan amendment needed to construct the mixed-use…

25 Cactus, Irvine, CA and Albert Pujols (Google Maps, Getty) Known for his prodigious power on the field, former Major League Baseball player Albert Pujols is looking to flex his muscles on the real estate market. The future Hall of Famer has listed his Irvine mansion for nearly $10 million, the Los Angeles Times reported.…