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Month: March 2024

Ross Perot Jr.’s Hillwood and CBRE clinch $756M debt for IE logistics campus

Hillwood Investment Properties and CBRE Investment Management have scored $756 million in construction loans to build 6.6 million square feet of warehouses on a former stock car racetrack near Fontana. The Dallas-based developer led by ...

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  • 22 Mar
  • The Real Deal
  • Uncategorized
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LA wants to demolish SRO hotel rooms for the homeless

Two decades ago, the City of Los Angeles passed a law to preserve Skid Row’s historic single-room occupancy hotels. Now it wants to tear them down. The office of Mayor Karen Bass, nonprofit landlords and some service providers want to ...

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  • 22 Mar
  • The Real Deal
  • Uncategorized
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Greg May, western region leader at Newmark, parts ways with firm

Another Southern California commercial real estate veteran, Greg May, has stepped into the void. The executive vice president for Newmark in charge of 12 company offices, including Los Angeles, Las Vegas and Phoenix, was let go by the ...

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  • 21 Mar
  • The Real Deal
  • Uncategorized
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Greenlaw, Walton Street lose Orange office tower to TPG after $64M default

Walton Street Capital and Greenlaw Partners have lost a 350,000-square-foot office tower in Orange, after defaulting on $64 million in debt, The Real Deal has learned.  The firms signed a deed-in-lieu of foreclosure, transferring over ...

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  • 21 Mar
  • The Real Deal
  • Uncategorized
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Healthcare businessman plans 100-unit apartment complex in NoHo

Al Leibovic of Yaya Case LLC aims to replace a car repair shop in North Hollywood with a 100-unit apartment building, according to an application filed with the Los Angeles City Planning Department on March 15. The property, located at ...

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  • 21 Mar
  • The Real Deal
  • Uncategorized
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Malibu mansion sells for $38.5M in priciest LA deal this year

Investors Mark Cirlin and Man Li-Yeh have parted with a Malibu estate for $38.45 million, marking the priciest home sale in Los Angeles County so far this year.  The property, at 33740 Pacific Coast Highway, is a Cape Cod-style house ...

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  • 20 Mar
  • The Real Deal
  • Uncategorized
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Newport Beach estate lists as short-term rental for $250K a month

Wanted: renter willing to shell out $250,000 a month for a 13,000-square-foot mansion in Newport Beach’s Newport Coast. Baja Washington, a locally based limited liability company, has listed the never-before-lived-in-house at 7 Clear ...

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  • 20 Mar
  • The Real Deal
  • Uncategorized
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XLD Group’s $130M loan for LAX Marriott hotel goes on watchlist

XLD Group has hit a snag on a $130 million loan linked to the Los Angeles Airport Marriott hotel next to LAX. The loan to the Pasadena-based unit of Sichuan Xinglida Group Enterprises, based in China, was put on a servicer’s watchlist ...

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  • 20 Mar
  • The Real Deal
  • Uncategorized
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LA leads the world in commercial property deals

Over the last three years, Los Angeles has led the world in commercial property deals, despite a slowdown in global spending. More than $96 billion of commercial property deals of $5 million or more, not including land and entity-level ...

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  • 20 Mar
  • The Real Deal
  • Uncategorized
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Madison Realty supersizes Beverly Grove multifamily after acquisition

Just months after taking over more than 20 properties across the Westside Los Angeles market from Neil Shekhter, Madison Realty Capital wasted no time planning its own developments on the sites.  New York-based Madison has filed plans ...

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  • 20 Mar
  • The Real Deal
  • Uncategorized
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