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Month: March 2024

Maggie Miracle reimagines her $1B office complex in Hollywood 

Chinese-born real estate investor Maggie Gong Miracle, who also goes by Yi Chang Gong, is the developer behind Hollywood’s latest $1-billion proposed development.  Her real estate development firm filed updated plans for a $1 billion ...

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  • 24 Mar
  • The Real Deal
  • Uncategorized
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Apollo offers $11B to buy Paramount studio lot in Hollywood

Apollo Global Management is waving an $11 billion check in front of Paramount Global’s film and TV studios in Hollywood. The New York-based private equity firm led by Marc Rowan has offered to buy the century-old Paramount Pictures ...

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  • 23 Mar
  • The Real Deal
  • Uncategorized
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Bankrupt WeWork wants to retain office lease in Century City 

A bankrupt WeWork aims to retain its uptown offices in Century City The New York-based co-working firm has filed a legal motion to assume its 87,000-square foot lease in Constellation Place at 10250 Constellation Boulevard, the ...

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  • 23 Mar
  • The Real Deal
  • Uncategorized
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Student housing overtakes Exposition Park around USC

A juggernaut of new student housing is transforming Exposition Park near USC. The building boom is turning the historic Black and Latino neighborhood into a village of students, unchecked by planning constraints enacted more than a ...

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  • 23 Mar
  • The Real Deal
  • Uncategorized
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TRC Retail pays $66M for La Cañada Town Center

Newport Beach-based mall landlord TRC Retail has closed a $66 million acquisition in upscale La Cañada Flintridge, The Real Deal has learned.  TRC bought the La Cañada Town Center, a 115,000-square-foot mall just off the 210 Freeway ...

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  • 23 Mar
  • The Real Deal
  • Uncategorized
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Housing Diversity lands $34M to finish micro apartments in DTLA

Housing Diversity has secured $34.2 million in financing for a nearly completed, 147-unit “micro apartment” complex in Downtown Los Angeles. The Seattle-based developer landed the loan to complete the eight-story Vida DTLA at 1317 ...

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  • 22 Mar
  • The Real Deal
  • Uncategorized
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Worthe and Stockbridge snag $475M loan for Warner Bros. HQ in Burbank

Worthe Real Estate Group and Stockbridge Capital Group have scored a $475 million mortgage tied to their 801,000-square-foot headquarters for Warner Bros. in Burbank. The Santa Monica-based developer and San Francisco-based investor ...

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  • 22 Mar
  • The Real Deal
  • Uncategorized
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Creditors for LA eyesore Oceanwide Plaza sue for new appraisal

How much are three abandoned, partially built luxury towers in Downtown Los Angeles worth? That’s the question raised by L.A. Downtown Investment, an EB-5 investment firm that sunk millions into the graffitied eyesore known as ...

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  • 22 Mar
  • The Real Deal
  • Uncategorized
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Demise of Cheval Blanc hotel project shrinks Beverly Hills budget 

The cancellation of LVMH’s Cheval Blanc Hotel project has delivered a blow to Beverly Hills’ budget, a recent session of the City Council showed, prompting a special committee to look into how the city could generate additional ...

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  • 22 Mar
  • The Real Deal
  • Uncategorized
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Gas Company Tower receiver seeks court OK for $375M lease with LA

The receiver on the Gas Company Tower, the 54-story Downtown L.A. office tower formerly owned by Brookfield Properties, has asked a court to approve a 308,000-square-foot lease with the City of Los Angeles.  Gregg Williams at Trident ...

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  • 22 Mar
  • The Real Deal
  • Uncategorized
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