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Month: May 2024

OC hotelier Tushar Patel delinquent on loan tied to Anaheim Marriott

Tushar Patel, the Orange County hotelier who once ranked as the second-largest property owner in Anaheim behind Disney, has fallen behind on an $80 million loan tied to the Anaheim Marriott.  An entity controlled by Patel is more than ...

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  • 31 May
  • The Real Deal
  • Uncategorized
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Value of Gas Company Tower in DTLA drops another 21%

The Gas Company Tower, L.A.’s fifth tallest building, is worth one-fifth less than a year ago and two-thirds less than its value in 2021. The value of the 52-story tower, now on the market by a receiver after Toronto-based Brookfield ...

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  • 31 May
  • The Real Deal
  • Uncategorized
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Abington Emerson wins appeal to build 36 units in LA’s West Adams

Abington Emerson Investments has beat back an appeal seeking to block the construction of 36 apartments in West Adams. The Sawtelle-based developer was backed by the Los Angeles Planning Commission, which voted to uphold the approval ...

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  • 31 May
  • The Real Deal
  • Uncategorized
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Judge OKs settlement for Mohamed Hadid’s bankrupt Beverly Crest house

A Bankruptcy Court judge has given final approval to a lawsuit settlement between Mohamed Hadid and his lender, developer Zach Vella, in spite of objections raised by the City of Los Angeles, The Real Deal has learned.  The compromise ...

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  • 31 May
  • The Real Deal
  • Uncategorized
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LA private school pays $74M for two office buildings in Playa Vista

Westside Neighborhood School has picked up two office buildings in Playa Vista in two separate deals for a combined $74.3 million. The Los Angeles private school bought the two-story buildings at 5340 Alla Road and 12901 West Jefferson ...

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  • 30 May
  • The Real Deal
  • Uncategorized
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LaTerra beats appeal against apartment project in Marina Del Rey

The Los Angeles City Planning Commission has upheld the approval of a residential project in Marina Del Rey, despite facing an appeal from neighboring homeowners, as reported by Urbanize Los Angeles. LaTerra Development, a firm known ...

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  • 30 May
  • The Real Deal
  • Uncategorized
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Hackman’s $1.25B Television City project clears environmental hurdle

Hackman Capital Partners has cleared one of the tallest hurdles facing its $1.25 billion Television City project, clearing the way for the development’s full approval.  The City of Los Angeles has certified a key environmental review, ...

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  • 29 May
  • The Real Deal
  • Uncategorized
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California Assembly passes bill to cut confusion around builder’s remedy

Builder’s remedy, a provision that has opened up doors to easier development in California, is finally getting attention from lawmakers.  The California State Assembly passed a bill last week that aims to create more clarity and ...

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  • 29 May
  • The Real Deal
  • Uncategorized
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Jim Carrey cuts price for Brentwood mansion to $22M

The Brentwood estate owned by Jim Carrey is on to its third price cut since hitting the market last February. The latest haircut to $21.9 million came last week, Fox Business reported. That’s about a 24 percent decline from the ...

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  • 29 May
  • The Real Deal
  • Uncategorized
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Dollar Tree poised to buy most 99 Cents Only sites in California

From one discount store to another.  Dollar Tree has lined up to buy 93 closed 99 Cents Only stores across California, after the latter chain filed for bankruptcy and is now working to sell off assets, according to the Orange County ...

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  • 29 May
  • The Real Deal
  • Uncategorized
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