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Month: June 2024

Reuben Brothers upheld in EB-5 lender case over Century Plaza debt

The Reuben brothers nabbed another win after an appellate court ruled Thursday it would not reverse a decision made against an EB-5 lender group related to the $2.5 billion Century Plaza project. This week’s order upholds a New York ...

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  • 30 Jun
  • The Real Deal
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OC family office picks up two Marriott hotels in Thousand Oaks

Marwaha Group has acquired two side-by-side Marriott hotels in Thousand Oaks for an undisclosed price. The Anaheim-based family office led by Raghu and Rohit Marwaha bought the Courtyard Thousand Oaks Ventura County at 1710 Newbury ...

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  • 30 Jun
  • The Real Deal
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State Farm seeks steep home insurance hikes in California

State Farm seeks to hike California homeowners insurance by a third or more to avoid going broke. State Farm General, a California unit of the Illinois-based insurance giant, asked the state Department of Insurance to allow the firm to ...

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  • 30 Jun
  • The Real Deal
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Brookfield Properties scores $265M refi on Rancho Cucamonga mall

Brookfield Properties and the Queensland Investment Corporation are on the brink of refinancing part of the sprawling Victoria Gardens mall in the Inland Empire, a 92-percent leased bright spot across its retail portfolio.  Brookfield ...

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  • 30 Jun
  • The Real Deal
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Machine, Taconic score $90M in C-PACE financing for two Hollywood hotels

Machine Investment Group and Taconic Capital Advisors scored $90.4 million in Commercial Property Assessed Clean Energy financing for two Hyatt hotels in Hollywood, about a year after acquiring the properties through foreclosure.  The ...

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  • 30 Jun
  • The Real Deal
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Rose Equities moves forward on 1,100-unit apartment complex in Costa Mesa

Rose Equities has moved ahead with plans to build a 1,057-unit apartment complex in Costa Mesa, the first big multifamily project there in years. The Costa Mesa City Council amended its development agreement with the Beverly ...

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  • 29 Jun
  • The Real Deal
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Real estate-related hiring spikes across Southern California

Wanted: workers across Southern California that can help build and sell real estate. Employers across Los Angeles, Orange, Riverside and San Bernardino counties added 5,600 jobs tied to the real estate industry in May to 837,800 — at a ...

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  • 29 Jun
  • The Real Deal
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Sam Nazarian’s SBE takes 15K sf of retail Reuben Brothers’ Century Plaza

Move over Botox med spa, a life longevity spa is here.  Hotelier and restaurant mogul Sam Nazarian’s SBE Entertainment has leased 13,000 square feet at the Reuben Brothers’ Century Plaza development in Century City to open a medical ...

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  • 29 Jun
  • The Real Deal
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LA declares Marilyn Monroe home a landmark, saving it from the bulldozer

The city of Los Angeles has weighed in favor of saving the small Spanish-Colonial house where Marilyn Monroe met her fate more than six decades ago in Brentwood. The City Council voted 12-0 to designate the last home of the star of ...

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  • 29 Jun
  • The Real Deal
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Law firm Hanson Bridgett expands to 15K sf at Rising Realty’s CalEdison tower

Law firm Hanson Bridgett has expanded to 15,000 square feet at Rising Realty’s CalEdison tower in Downtown Los Angeles, marking one of the few new leases in the office hub over the last few months.  The firm is adding about 6,800 ...

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  • 29 Jun
  • The Real Deal
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