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Month: December 2023

Southern California home prices shoot up 7% in November

Housing prices were high and sales volumes low across Southern California as 2023 approached its end. In November, home prices reached all-time highs in four of Southern California’s six counties, according to CoreLogic data released ...

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  • 24 Dec
  • The Real Deal
  • Uncategorized
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Jeff Worthe plays the long game in LA office

Jeff Worthe still believes in office. But he knows it’s tough to persuade lenders and institutional partners to think the same.  “When they’ve sworn off a product type, it doesn’t matter what I can present or what I can commit, because ...

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  • 24 Dec
  • The Real Deal
  • Uncategorized
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Developer sues “lifelong family friends” over failed Coachella hotel

For one developer, a lifetime of friendship did not preclude a legal mess.  Stuart Rubin has filed a countersuit against a group of business partners and lenders, including people he described as “lifelong family friends,” over a ...

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  • 23 Dec
  • The Real Deal
  • Uncategorized
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DCW leases 116K sf logistics warehouse in Rancho Dominguez 

DCW has leased a 115,700-square-foot warehouse in Rancho Dominguez in a deal valued at $10.1 million. The Torrance-based logistics firm leased the single-story building at 3040 East Ana Street, in the unincorporated pocket between ...

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  • 23 Dec
  • The Real Deal
  • Uncategorized
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Former tenants sue Irvine Company for alleged mold in Newport Beach

Former renters at a luxury apartment complex in Newport Beach are suing the Irvine Company over alleged exposure of toxic mold. Seventeen former tenants of the Newport Bluffs have filed a lawsuit against the locally based development ...

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  • 22 Dec
  • The Real Deal
  • Uncategorized
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Onni’s decision: Office or apartment towers in Hollywood?

Onni Group has beat back two appeals and received a preliminary nod for plans to build either office or apartment highrises in Hollywood. The Vancouver-based developer was approved by the Los Angeles Planning Commission to build either ...

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  • 22 Dec
  • The Real Deal
  • Uncategorized
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SITE Centers sells Buena Park mall for $53M

SITE Centers closed its $53 million sale of Buena Park Place, a roughly 209,000-square-foot grocery-anchored retail center, adjacent to the Knott’s Berry Farm theme park in Buena Park, JLL Capital Markets announced earlier this week.  ...

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  • 22 Dec
  • The Real Deal
  • Uncategorized
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LA city returns to negotiating table for Gas Company Tower lease

The City of Los Angeles is, once again, interested in the Gas Company Tower, the 54-story building that Brookfield lost to a receivership earlier this year, after a previous lease deal fell through.  The city’s Department of General ...

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  • 22 Dec
  • The Real Deal
  • Uncategorized
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Kanye West lists gutted beachfront home in Malibu for $53M

Two years ago, Kanye West bought a beachfront house in Malibu for $57.25 million, then tore out the windows, doors and wiring. Now he has listed the gutted home for $53 million. The rapper and designer is selling the 4,000-square-foot ...

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  • 22 Dec
  • The Real Deal
  • Uncategorized
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“Million Dollar Listing” agent accused of flooding WeHo condo

Matt Isbell, a Compass agent who appeared on “Million Dollar Listing,” is accused of trashing a West Hollywood condominium, wreaking $200,000 in flood damages. Condo owners Aaron Schwid and Youngkey Chung had hired Isbell, saying they ...

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  • 22 Dec
  • The Real Deal
  • Uncategorized
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