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Month: December 2023

Sheppard Mullin to relocate headquarters in Downtown LA

International law firm Sheppard Mullin will march nearly 500 lawyers and staff across the street to a new headquarters in Downtown Los Angeles, countering a “flight to quality” by other firms. The Downtown-based practice has inked a ...

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  • 22 Dec
  • The Real Deal
  • Uncategorized
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Large apartment complexes account for 28% of California rental market

Large apartment complexes house about a quarter of renters across California, with the bulk of the state’s tenants living in small buildings owned by mom-and-pops. The largest California rental complexes, those with 20 or more units, ...

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  • 21 Dec
  • The Real Deal
  • Uncategorized
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Designer Saffron Case Sells Remodel on Malibu’s Carbon Beach for $29M

Interior designer and developer Saffron Case and her husband Timothy unloaded a 4,000-square-foot home on Malibu’s Carbon Beach for about $29 million earlier this month. They purchased the home for about $22 million in 2021. Nicknamed ...

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  • 21 Dec
  • The Real Deal
  • Uncategorized
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Jamison’s loan on Encino office complex lands in special servicing 

Jamison Properties’ loan on an office complex in Encino has been sent to special servicing, after the landlord disclosed it would need more time to figure out a way to refinance it, The Real Deal has learned.  The $21.5 million loan on ...

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  • 20 Dec
  • The Real Deal
  • Uncategorized
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Value of Brookfield’s trouble EY Plaza in Los Angeles falls 53%

The value of a 41-story office building owned by Brookfield in Downtown Los Angeles has plunged by more than half, with its landlord sliding into default. EY Plaza, a 920,300-square-foot tower at 725 South Figueroa Street, is now worth ...

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  • 19 Dec
  • The Real Deal
  • Uncategorized
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Beverly Hills mansion sells for $24.2M, among priciest deals of 2023

A mansion at 802 Foothill Road in the Beverly Hills Flats traded for $24.2 million on Dec. 15., according to listing sites. The 17,000-square-foot home on more than half an acre ranked among the top four priciest trades in Beverly ...

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  • 19 Dec
  • The Real Deal
  • Uncategorized
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Shangri-La’s Project Homekey motel in Salinas heads to receivership

One of Shangri-La Industries’ Project Homekey developments is headed to receivership after the firm defaulted on loans tied to the Salinas site earlier this year.  A Monterey County Superior Court judge last week ruled to appoint a ...

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  • 19 Dec
  • The Real Deal
  • Uncategorized
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Golden Kest wins appeal for 129-unit apartment complex in Studio City

Goldrich Kest has beat back an appeal by a labor group trying to block its 129-unit apartment complex in Studio City. The Los Angeles City Council voted to back the Culver City-based developer’s plans to build the six-story building at ...

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  • 19 Dec
  • The Real Deal
  • Uncategorized
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Sidley Austin to sign lease at JMB’s $300M tower in Century City

JMB Realty is poised to sign its third tenant to a 37-story office tower in Century City, before the first floor has risen off the ground. The Chicago-based investor is close to an agreement with law firm Sidley Austin to pre-lease ...

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  • 18 Dec
  • The Real Deal
  • Uncategorized
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Movers: AI selects Brendan Brown as future top agent at Official

Official, the boutique brokerage co-founded by Oren and Tal Alexander, recently unveiled the acquisition of a mentoring program called Prodigy. A statement from West Hollywood-based Official describes Prodigy as an artificial ...

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  • 18 Dec
  • The Real Deal
  • Uncategorized
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