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Month: April 2024

Realtor-backed group challenges City of Orange housing plan

The Realtor-backed Californians for Homeownership has challenged a state-approved housing plan from the City of Orange that includes thousands of homes in areas off-limits to residential development. The Los Angeles-based nonprofit ...

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  • 26 Apr
  • The Real Deal
  • Uncategorized
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State names four Southern California jurisdictions as “prohousing”

Gov. Gavin Newsom has named four jurisdictions in Southern California as “prohousing,” including Los Angeles County, West Hollywood, Brea and Rancho Cucamonga. The state credited the four SoCal governments, plus six cities in Northern ...

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  • 26 Apr
  • The Real Deal
  • Uncategorized
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Swig finds new bottom with DTLA office sale at $94 a sf

The Swig Company has created a new benchmark for Downtown L.A. office sales — $94 a square foot, The Real Deal has learned.  The firm sold 617 West 7th Street, formerly the headquarters for Union Oil, for $20.5 million, or roughly 47 ...

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  • 26 Apr
  • The Real Deal
  • Uncategorized
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CIM Group tries again to sell office-condo project in LA’s Hancock Park

CIM Group, the Los Angeles-based developer and landlord, is once again seeking to sell its eight-story condominium and office project in Hancock Park. Located at 4680 Wilshire Boulevard, the project is fully entitled to convert some ...

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  • 26 Apr
  • The Real Deal
  • Uncategorized
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Spec home developer lists Beverly Hills PO manse for $29.5M

A spec home in Beverly Hills Post Office has hit the market for $29.5 million, more than eight years after the developer, Yosef Dangor, bought the property.  Josh Flagg at Compass is listing the home at 9705 Oak Pass Road for sale, ...

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  • 25 Apr
  • The Real Deal
  • Uncategorized
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Neutrogena to move headquarters from LA to the Garden State

Neutrogena, maker of Beach Defense sunscreen and cosmetics, will move its headquarters from Los Angeles to New Jersey. New Jersey? The Westchester-based unit of New Jersey-based Kenvue is closing its corporate headquarters at 6080 West ...

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  • 25 Apr
  • The Real Deal
  • Uncategorized
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Abacus Capital pays $73M for Sherman Oaks apartment complex

Investment firm Abacus Capital Group has completed a large multifamily acquisition in Sherman Oaks, The Real Deal has learned.  Abacus, which is based in New York City, acquired 4735 Sepulveda Boulevard, a 236-unit residential complex ...

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  • 25 Apr
  • The Real Deal
  • Uncategorized
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Lori Loughlin puts Hidden Hills mansion up for sale at $18M

Lori Loughlin and Mossimo Giannulli have put their 11,800-square-foot mansion in Hidden Hills up for sale for $17.5 million, nearly twice what they paid for it four years ago. The “Full House” actress and the fashion designer have ...

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  • 25 Apr
  • The Real Deal
  • Uncategorized
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Fogel Real Estate plans resi, retail project in Venice Beach

Fogel Real Estate, run by Steven Fogel, is planning to build a 36-unit apartment building, spanning 36,700 square feet, in Venice, according to a filing with the Los Angeles Planning Commission on April 16.  The plans for 825 South ...

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  • 24 Apr
  • The Real Deal
  • Uncategorized
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Industrious lease expands coworking presence in Century City

Industrious has signed a lease for 19,000 square feet of offices in Century City, weeks after the coworking company expanded its offices in Westwood and Santa Monica. The New York-based flex workspace firm led by Jamie Hodari and ...

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  • 24 Apr
  • The Real Deal
  • Uncategorized
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