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Month: April 2024

Centurion Partners to end capital lease with $100 sale of Orange offices

Centurion Partners is poised to sell five office buildings in Santa Ana at the end of a decades-long, capital-lease deal for $100. The Newport Beach-based developer led by Scot Matteson will close its deal with the County of Orange ...

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  • 19 Apr
  • The Real Deal
  • Uncategorized
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Decron pumps cash from LA sales into $69M multifamily buy in Phoenix

Decron Properties cashed out of Los Angeles and into Phoenix.  After selling two apartment complexes in Thousand Oaks, Decron has bought a 266-unit complex in Glendale, Arizona, for $69 million, the firm announced Wednesday.  Decron ...

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  • 19 Apr
  • The Real Deal
  • Uncategorized
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Panot Capital snags $51M loan for vintage apartment buildings in LA

Panot Capital has scored a $50.8 million loan to refinance 10 century-old apartment buildings in Hollywood and other parts of Los Angeles. The Houston-based investor led by Aaron Iskowitz and Zain Sayed secured the loan for the vintage ...

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  • 18 Apr
  • The Real Deal
  • Uncategorized
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Kanye West drops price of gutted beachfront home in Malibu to $39M

Kanye West has knocked $14 million off the price of a beachfront house in Malibu he has stripped of any windows, doors and wiring.  The rapper and designer has relisted his gutted, 4,000-square-foot concrete house designed by Japanese ...

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  • 18 Apr
  • The Real Deal
  • Uncategorized
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Mayor Bass wants wealthy Angelenos to pay for homeless housing

Los Angeles voters were asked to back a “mansion tax” to raise money for homeless housing after passing a $1.2 billion bond measure to build the same. Now Mayor Karen Bass wants rich residents and businesses to pitch in more money. ...

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  • 18 Apr
  • The Real Deal
  • Uncategorized
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LA Real Estate Forum

The Real Deal’s LA Real Estate Forum is back bigger and better than ever! Join us on September 12, 2024, at the Beverly Wilshire for a day of networking with 800 fellow real estate professionals. The post LA Real Estate Forum appeared ...

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  • 18 Apr
  • The Real Deal
  • Uncategorized
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Industrious expands into LA’s Westwood and Santa Monica

Industrious is expanding its coworking offices around Los Angeles with new locations in Westwood and Santa Monica. The New York-based coworking firm led by Jamie Hodari and Justin Stewart has opened a 20,800-square-foot office at 1100 ...

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  • 17 Apr
  • The Real Deal
  • Uncategorized
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WeWork keeps North Hollywood location, sees LA as “key market”

WeWork, the embattled New York-based coworking firm, said on Monday it filed a motion to keep its leases at two Los Angeles locations.  The company included both as a part of the five lease assumptions it disclosed on April 15 as part ...

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  • 17 Apr
  • The Real Deal
  • Uncategorized
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Lincoln Property defaults on Newport Beach office loan

When Lincoln Property Company bought 1500 Quail Street in Newport Beach in 2018, the company lauded the office building as a “trophy asset,” a “rare opportunity” and a property with “very stable cash flow.”  Circumstances have ...

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  • 17 Apr
  • The Real Deal
  • Uncategorized
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“Million-dollar cities” in California now include working-class towns

Million-dollar listings were once confined to such cities as Beverly Hills, Palos Verdes Estates and Newport Beach. The Million Dollar Club now includes working-class bergs from San Gabriel to Tustin. As home values rise across the ...

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  • 17 Apr
  • The Real Deal
  • Uncategorized
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