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Month: February 2024

George Smith acquires Clearwater Capital for C-PACE expertise

George Smith Partners has acquired Clearwater Capital Management to expand its business into Commercial Property Assessed Clean Energy lending. The Century City-based commercial real estate financing firm bought the New York-based ...

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  • 24 Feb
  • The Real Deal
  • Uncategorized
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William Walters cashes out of Anaheim multifamily complex for $79M

William Walters Company, a partnership of investors, has sold Chateau de Ville, a 254-unit multifamily property in Anaheim for $79 million to Chateau De Ville Investment LP, a local investment firm. The complex, located at 2020 West ...

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  • 23 Feb
  • The Real Deal
  • Uncategorized
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Reliable Properties CEO is buyer in $36M Beverly Hills mansion deal

Jack Nourafshan, CEO of Los Angeles-based Reliable Properties, is the buyer that took home a $36 million mansion in Beverly Hills from the daughter of a former Uzbekistan president, The Real Deal has learned.  Chelsea View, a limited ...

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  • 23 Feb
  • The Real Deal
  • Uncategorized
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Fox moves forward on studio lot redevelopment in Century City

Rupert Murdoch’s Fox is pressing ahead with plans to redevelop its 50-acre Fox Studio Lot in Century City. The New York-based entertainment giant run by Rupert’s son Lachlan Murdoch has applied for state environmental approvals to add ...

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  • 23 Feb
  • The Real Deal
  • Uncategorized
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Rainstorms hasten ground movement, erosion beneath SoCal houses

Mansions perched on the edge of oceanfront cliffs in Dana Point. Homes red-tagged across shifting soil in Rancho Palos Verdes. Mudslides hurling debris into homes in Studio City. The river of storms sending buckets of rain across ...

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  • 22 Feb
  • The Real Deal
  • Uncategorized
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Pendry West Hollywood faces debt crisis for owners AECOM, Combined

When AECOM Capital and Combined Properties opened the Pendry West Hollywood — a 149-key hotel with an attached condo project — the project was appraised at nearly $526 million. That was in 2021, after the duo had spent more than $500 ...

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  • 22 Feb
  • The Real Deal
  • Uncategorized
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Tishbees wins approval for hotel-apartment complex in DTLA

Tishbees has received the go-ahead to build an 11-story hotel and apartment complex in Downtown Los Angeles. The Boyle Heights-based developer led by Elliot Tishbi was approved by the City Council to construct the 100-room hotel with ...

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  • 22 Feb
  • The Real Deal
  • Uncategorized
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Newport Real Estate Partners pays $34M for senior apartments in OC

Priya Living, a chain of senior living facilities, sold Cypress Village Apartments in northwestern Orange County to Newport Real Estate Partners on Feb. 4, according to a deed reviewed by TRD. The buyer paid $34.4 million for the Buena ...

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  • 22 Feb
  • The Real Deal
  • Uncategorized
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Real estate fraud leads to murder in South LA, prosecutors say

“You know what could happen if he talks.” That was the alleged warning made by David Nelson, on trial this week for a murder-for-hire plot linked to a $375,000 real estate fraud, the Los Angeles Times reported. Nelson, 50, of Fontana, ...

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  • 21 Feb
  • The Real Deal
  • Uncategorized
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California homeowners squeeze into smaller lots compared to other states

Californians can make do with less — especially when it comes to the size of their yards. A typical California homeowner in the Golden State lives on a third less land than the average U.S. resident, the Los Angeles Daily News ...

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  • 21 Feb
  • The Real Deal
  • Uncategorized
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