Month: February 2023

Griffin Living’s Paul Griffin III and Griffin Plaza at 3885-3977 Cochran Street in Simi Valley (Google Maps, Griffin Living) Griffin Living has sold a 182,000-square-foot mixed-use shopping center in Simi Valley for $22.1 million. The Westlake Village-based senior living developer sold Griffin Plaza at 3885-3977 Cochran Street, the San Fernando Valley Business Journal reported. The…

A photo illustration of The Agency’s Rainy Austin and Mauricio Umansky (Getty, The Agency) The Agency is the latest residential brokerage resorting to layoffs. The California-based firm confirmed to The Real Deal it had let go of 15 people, or about 4 percent of its staff. “We are not immune to the economic environment that…

Simon Property Group’s David Simon, Brea Mall at 1065 Brea Mall (Getty, Google Maps, Simon Property Group) Simon Property Group aims to replace a former Sears complex at the Brea Mall with a 380-unit urban-retail village. The Indiana-based mall developer has filed plans to build a fitness center, 380 apartments and outdoor shops and restaurants…

Douglas Elliman’s Stephen Kotler and Hilton & Hyland’s Stuart Vetterick (Illustration by Kevin Cifuentes for The Real Deal with Getty Images, Douglas Elliman, Hilton & Hyland) In a market sector that is anxious over L.A.’s new mansion tax, there was an uptick in listings for luxury homes in January. Overall, the Los Angeles home market…

A photo illustration of Late night TV host James Corden and 300 North Cliffwood Avenue (Getty, Google Maps) Late night TV host James Corden, now packing his bags for a return to the United Kingdom, has listed his Brentwood estate for $22 million. The host of “The Late Late Show With James Corden” and his…

CBRE’s Stew Weston with rendering of 1011 North Sycamore Avenue (CBRE, RDC Collaborative, Getty) CIM Group plans to convert an old cement plant in West Hollywood into a seven-story office building. According to documents filed with the Los Angeles City Planning Department on Wednesday, the developer is looking to build a 207,700-square-foot structure on a…

Bed, Bath & Beyond’s Sue Gove with 14351 Hindry Avenue (Bed, Bath & Beyond, LoopNet, Getty) A beleaguered Bed Bath & Beyond is throwing seven Southern California stores out with the bathwater. The New Jersey-based home goods retailer, facing bankruptcy after announcing the closure of 150 stores nationwide, will shut seven more in Palm Desert,…

Brookfield Properties’ Brian Kingston, Shopoff Realty Investments’ Bill Shopoff, Artemis Real Estate Partners’ Deborah Harmon; 36500 Cherry Valley Blvd (Google Maps, Getty, Brookfield Properties, Shopoff Realty Investments, Artemis Real Estate Partners High interest rates and high inflation aren’t scaring Brookfield away from industrial properties. The alternative investment firm’s logistics unit bought a newly built 1.8-million-square-foot,…

From left: Stephen Shapiro and Jason Oppenheim (Oppenheim Group, WEA Homes, Getty) The clock is ticking for Measure ULA taxes on the sale of luxury homes to take effect in the city of Los Angeles — and it puts agents in a tough spot. They have advised their clients that, if possible, they should sell…

Skid Row Housing Trust Joanne Cordero and renderings of 800 W. 85th Street, Los Angeles (Gensler, Skid Row Housing Trust) Skid Row Housing Trust seeks to build a 90-unit complex for formerly homeless residents in South Los Angeles. The nonprofit developer, based in Downtown L.A., has filed plans to build the four-story building at 800…