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Month: June 2024

Simon and Macerich halt Carson mall project, slam city for “wasting” $100M

Simon Property Group and Macerich have halted their outlet mall project in the city of Carson, slamming the city “wasting” $100 million and failing to come to a solution to move the project out of litigation.  The publicly traded ...

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  • 05 Jun
  • The Real Deal
  • Uncategorized
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Sherlock Holmes editor sues in case of the missing property deal

A dispute over the closing of a Brentwood home sale sounds like a case fit for Sherlock Holmes. An LLC managed by California lawyer and crime and horror literary editor Leslie Klinger is suing the owners of a Brentwood home under ...

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  • 05 Jun
  • The Real Deal
  • Uncategorized
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Venice “beautifier” plans to replace DMV in Pacoima with apartments

Developer J. Kevin Brunk, the “unofficial beautifier” of Venice, has set his sights on replacing a defunct DMV in Pacoima with 246 apartments atop a grocery store. The head of Marina del Rey-based 118 LP has filed plans to tear down ...

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  • 04 Jun
  • The Real Deal
  • Uncategorized
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Rubio’s shutters 48 California restaurants, blames business climate 

The bankrupt Rubio’s Coastal Grill has closed dozens of restaurants across the Golden State, mostly in Southern California.  The Carlsbad-based chain known for its fish tacos said it shuttered 48 grills by the end of last month, ...

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  • 04 Jun
  • The Real Deal
  • Uncategorized
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Former Dodger Jimmy Rollins trades Encino mansion for $9M

Former Phillies and Dodgers shortstop Jimmy Rollins found a buyer for his modern Encino mansion.  An undisclosed party paid $9 million for the property at 4111 Valley Meadow Road in Encino’s Royal Oaks gated community in L.A.’s San ...

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  • 03 Jun
  • The Real Deal
  • Uncategorized
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Office-home conversions lead adaptive reuse projects in California

Office-to-home conversions now dominate adaptive reuse projects across the Golden State, with Los Angeles poised to become the nation’s top commercial-to-residential conversion hotspot. Of the state’s nearly 14,000 ...

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  • 03 Jun
  • The Real Deal
  • Uncategorized
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Gwyneth Paltrow puts Brentwood home up for sale at $30M

Gwyneth Paltrow is selling her 8,000-square-foot home in Brentwood’s Lower Mandeville Canyon for $29.99 million. The Academy Award-winning actress in “Shakespeare in Love” and “The Talented Mr. Ripley” has listed the single-story house ...

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  • 03 Jun
  • The Real Deal
  • Uncategorized
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WeHo City Council’s critique of builder’s remedy puzzles developers

Officials representing the City of West Hollywood, which has six pending builder’s remedy cases, spoke out against the legal loophole May 20, raising questions among developers who have pending applications there. That same week, the ...

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  • 03 Jun
  • The Real Deal
  • Uncategorized
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AMCAL Housing scores $101M refi for Woodland Hills apartments

AMCAL Housing has scored a $101 million loan to refinance a 335-unit apartment complex in Woodland Hills.  A KKR opportunistic real estate credit fund provided the debt on the property, which is located at 22121 Clarendon Street, ...

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  • 03 Jun
  • The Real Deal
  • Uncategorized
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Trader Joe’s to open two dozen U.S. stores, including nine in SoCal

Trader Joe’s is set to open nine new grocery stores between Santa Clarita and San Diego County. The Monrovia-based firm plans to open two dozen stores across the U.S., including Santa Clarita, Northridge, Sherman Oaks, South Pasadena, ...

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  • 01 Jun
  • The Real Deal
  • Uncategorized
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