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Month: December 2023

Bolour eyes conversion of Hollywood landmark

Bolour Associates wants to turn the top floor of a century-old commercial landmark in Hollywood into live-work flats. The Beverly Hills-based developer has filed plans to convert the second floor of the two-story building at 6464 West ...

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  • 31 Dec
  • The Real Deal
  • Uncategorized
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State Farm raising California homeowner policies by 20% in 2024

Having a good neighbor as an insurer in California is about to cost a lot more. Illinois-based insurance giant State Farm is expected to increase its average rate for homeowner insurance policies in California by 20 percent next year, ...

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  • 31 Dec
  • The Real Deal
  • Uncategorized
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Ex-LA councilman Huizar faces 13 years for development-centered corruption

Federal prosecutors want more than a decade in the slammer for former L.A. councilman José Huizar, who admitted to leading a pay-to-play corruption scheme tied to real estate developers. Prosecutors urged a 13-year prison term and more ...

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  • 31 Dec
  • The Real Deal
  • Uncategorized
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Advanced Real Estate pays $234M for Costa Mesa apartment complex

Advanced Real Estate has paid $234 million to acquire a 714-unit apartment complex in Costa Mesa. For context, this single transaction eclipsed the money involved in all multifamily deals in Orange County between January and August ...

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  • 31 Dec
  • The Real Deal
  • Uncategorized
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Herbalife lists Torrance office for sale with industrial pitch

For years, drivers traveling through the intersection of the 405 and 110 freeways in Torrance passed by a four-story office building bearing the logo of multi-level-marketing firm Herbalife International of America.  The dietary ...

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  • 30 Dec
  • The Real Deal
  • Uncategorized
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Resident task force for Irvine’s $1B Great Park calls it quits

A resident task force representing Irvine’s Great Park Neighborhoods has ended after completing its mission to guide the city’s $1 billion effort to establish one of the world’s largest municipal parks. The city dissolved the Great ...

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  • 30 Dec
  • The Real Deal
  • Uncategorized
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Lender Cam XV Trust wins Sunset Strip mansion in foreclosure auction

A mansion perched above the Sunset Strip has sold at a foreclosure auction for $15.9 million, The Real Deal has learned.  The 10,400-square-foot home, located at 1871 North Stanley Avenue, changed hands in a public auction on Oct. 27.  ...

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  • 30 Dec
  • The Real Deal
  • Uncategorized
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Rams’ Matt Stafford scores another mansion in Hidden Hills for $28M

Los Angeles Rams quarterback Matt Stafford has bought a 15,000-square-foot hilltop mansion in Hidden Hills for $28 million, a local record. The NFL Super Bowl winner and his wife, Kelly, purchased the new spec home at 25067 Jim Bridger ...

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  • 29 Dec
  • The Real Deal
  • Uncategorized
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USC appeals apartment project that could block LA Coliseum sign

USC has mounted a Trojan defense against an approved five-story building it says would block the sign for the 100-year-old Memorial Coliseum. The university has appealed the City of Los Angeles’ OK for a wedge-shaped apartment complex ...

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  • 29 Dec
  • The Real Deal
  • Uncategorized
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In rough year for office, LA manages to generate a few mega-leases

Tenants drastically cut back on leases for huge swaths of office space in Los Angeles this year, although a few bit the bullet and signed huge deals in 2023.  And the largest were signed at office buildings in Century City, which took ...

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  • 29 Dec
  • The Real Deal
  • Uncategorized
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