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Month: March 2024

J.J. Abraham moves ahead on luxury apartments in LA’s Beverly Grove

Developer J.J. Abraham has moved forward with plans to replace a two-story strip mall in Beverly Grove with an eight-story apartment building. An affiliate led by Abraham, founder of the Newport Beach-based Abraham Companies, won ...

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  • 17 Mar
  • The Real Deal
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Renter advocate Nithya Raman wins second term on LA City Council

Progressive L.A. City Councilwoman Nithya Raman has beat self-proclaimed realist candidate Eric Weaver to win back her District 4 seat, avoiding a November runoff. The advocate for renters rights and homeless residents took 50.64 ...

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  • 17 Mar
  • The Real Deal
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Apartment rents in LA tick up this year, reversing four-month decline

Los Angeles apartment rents, which fell for four months at the end of last year, have rebounded. Average asking rents in Los Angeles rose 0.4 percent on a per-square-foot basis in February, following 0.2 percent growth in January, ...

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  • 17 Mar
  • The Real Deal
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Pacific Equity scores $135M refi on Malibu retail-office project

Pacific Equity Partners has scored a $135 million loan to refinance Cross Creek Ranch, a large Malibu retail and office development slated to open this year.  Torchlight Investors provided the five-year loan, according to property ...

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  • 17 Mar
  • The Real Deal
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In Downtown LA, back-to-office decision involves retail attractions

In Downtown Los Angeles, one out of four offices sits empty. But landlords have come up with a sweetener to help draw tenants back to their cubicles: ground-floor retail. Downtown property owners and leasing experts at Bisnow’s ...

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  • 17 Mar
  • The Real Deal
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Slugger Albert Pujols sells house in Irvine’s Shady Canyon for $8.8M

Albert Pujols has sold his 9,200-square-foot mansion in Irvine’s Shady Canyon for $8.8 million, after initially asking $9.98 million. The retired first baseman and 11-time MLB All-Star sold the Mediterranean-style villa at 25 Cactus, ...

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  • 16 Mar
  • The Real Deal
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State Lawmaker Miguel Santiago looks to adaptive reuse for LA housing

State lawmaker Miguel Santiago wants to revive adaptive reuse to house Angelenos.  Santiago, who represents the California Assembly’s 54th District that includes Los Angeles, Commerce, Montebello and Vernon, has recently introduced the ...

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  • 16 Mar
  • The Real Deal
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Altman Brothers dominate state awards at Douglas Elliman bash

The Beverly Hills-based Altman Brothers Team was dubbed Douglas Elliman’s top large team for sales volume and gross commission income in the nation, according to a press release from the residential brokerage. The team was also named ...

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  • 16 Mar
  • The Real Deal
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Rihanna to flip Century City penthouse once owned by Matthew Perry

A year after Rihanna paid $21 million for a 40th-floor penthouse in Century City, the pop star has put it on the market for $24.95 million. The billionaire businesswoman, born Robyn Rihanna Fenty in Barbados, listed the ...

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  • 16 Mar
  • The Real Deal
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Gemdale Lists Calabasas office campus for $82M

Gemdale USA, the domestic arm of China-based investment firm Gemdale Corporation, is looking to offload an office campus in Calabasas for just $3 million more than it bought it for in 2021. The firm has listed Park Calabasas, located ...

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  • 16 Mar
  • The Real Deal
  • Uncategorized
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