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Month: June 2024

R.D. Olson wins Coastal Commission OK for hotels in Dana Point Harbor

R.D. Olson Development has received a nod from the California Coastal Commission to build two hotels in Dana Point Harbor, now undergoing a $600 million renovation. The Newport Beach-based developer led by Bob Olson can now move ...

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  • 29 Jun
  • The Real Deal
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Mitsui Fudosan America gets nod for 50-story DTLA apartment tower 

Mitsui Fudosan America has won approval to build a 50-story apartment tower in Downtown Los Angeles.  The Los Angeles City Council voted to let the unit of Tokyo-based Mitsui Fudosan build a 580-unit highrise at 754 South Hope Street, ...

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  • 28 Jun
  • The Real Deal
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Former Warner Bros. CEO scoops up Santa Monica home

Former Warner Bros. CEO Cameron Strang has nabbed a Santa Monica home for $17.5 million, the city’s second-priciest deal so far this year. Records show the music chief bought the property at 835 San Vicente Boulevard from Richard ...

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  • 28 Jun
  • The Real Deal
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Faring scores $50M to refinance Iron Mountain-leased warehouse

West Hollywood-based developer Faring, in partnership with a third-party logistics company, has scored a $50 million loan to refinance and help stabilize a warehouse in San Bernardino County. A10 Capital provided the bridge loan on the ...

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  • 28 Jun
  • The Real Deal
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Rose Equities and Garden Communities to build apartments in Torrance

Rose Equities and Garden Communities have gained approval to build 272 apartments in Torrance. The Beverly Hills- and San Diego-based developers got the nod from the Torrance City Council to build a four-building complex at 2325 ...

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  • 28 Jun
  • The Real Deal
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Serial entrepreneur acquires Bel-Air manse with country club views

A serial entrepreneur in the industries of design, events and media paid $23 million for a Bel-Air mansion touting privacy and country club views. Records show Jonathan Gray bought the home at 657 Perugia Way from a trust tied to ...

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  • 28 Jun
  • The Real Deal
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Summer slowdown affects tally of LA luxury houses in contract

Megamansions and eye-watering price tags didn’t dominate last week’s roundup of Los Angeles County signed contracts as activity continued to slow. A dozen contracts were signed last week for total sales of $101.8 million, according to ...

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  • 27 Jun
  • The Real Deal
  • Uncategorized
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California AG looks to revive law allowing single-family lot splits

California Attorney General Rob Bonta is fighting for Senate Bill 9, a state law that allows single-family lots to be split for the development of duplexes. The attorney general has appealed a decision from the California Superior ...

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  • 27 Jun
  • The Real Deal
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OC’s price gains for homes leads the nation, with surge in luxury

Prices for homes in Orange County are rising faster than anywhere in the country, led by a surge in the luxury market. The typical home in OC rose 10.5 percent in the 12 months through May, driven by a 12.3 percent gain in luxury ...

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  • 27 Jun
  • The Real Deal
  • Uncategorized
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Tarsadia Investments refinances Anaheim Marriott with $125M loan

Tarsadia Investments, run by Orange County hotelier Tushar Patel, has refinanced its 1,030-key Anaheim Marriott hotel.  The firm scored a $125 million loan from Bank of America on the hotel, located at 700 West Convention Way, adjacent ...

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  • 27 Jun
  • The Real Deal
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