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Month: June 2024

Faring secures $35M loan for hotel-office project in West Hollywood

Faring has landed $35 million in refinancing for a 400,000-square-foot hotel and office building project in West Hollywood. The locally based developer led by Jason Illoulian secured the loan to build the 123-room luxury hotel and ...

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  • 27 Jun
  • The Real Deal
  • Uncategorized
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Mezzanine lender on Gas Company Tower wants a say in receivership

A mezzanine lender on the Gas Company Tower wants a say on the future of the 52-story building, which is owned by Brookfield Properties in a receivership.  Meritz Alternative Investment Management, based in South Korea, has asked to ...

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  • 27 Jun
  • The Real Deal
  • Uncategorized
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Former Warriors GM makes priciest Santa Monica home buy this year

Bob Myers, former general manager of the Golden State Warriors, has closed the priciest home sale in Santa Monica this year, The Real Deal has learned.  Myers, through a limited liability company called Bridgeview Investors, paid $19.2 ...

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  • 26 Jun
  • The Real Deal
  • Uncategorized
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Orion Housing looks to build affordable complex in Jefferson Park

Orion Housing wants to build a six-story affordable housing complex in Jefferson Park, overshadowing a 112-year-old city landmark next door. The Pico-Union-based student housing developer founded by Henry Fan and Charles Kim has filed ...

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  • 26 Jun
  • The Real Deal
  • Uncategorized
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Church puts Pasadena’s Ambassador Auditorium up for sale

If you’ve ever wanted to own a concert hall, this might be your chance.  Pasasdena’s Ambassador Auditorium, a 1,200-concert hall and performing arts venue, will soon be up for grabs for $45 million, according to an announcement from ...

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  • 26 Jun
  • The Real Deal
  • Uncategorized
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Toll Brothers beats appeal against apartment complex in Dana Point

Toll Brothers Apartment Living has beat back a union-led appeal against a 306-unit apartment complex on school district land in Dana Point. The unit of Pennsylvania-based Toll Brothers was approved for the 5.5-acre complex after the ...

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  • 26 Jun
  • The Real Deal
  • Uncategorized
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MGR pays $54M for Irvine office building, OC’s top price this year

MGR Real Estate has picked up a 271,100-square-foot office tower in Irvine for $53.7 million, nearly a quarter less than it was traded for nearly a quarter century ago but still the highest price paid for an OC office property this ...

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  • 26 Jun
  • The Real Deal
  • Uncategorized
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Movers: Compass nabs Frontgate as Hidden Hills team eyes expansion

Call it a brokerage within a brokerage, but one of Compass’ largest teams — Frontgate Real Estate — is back. The 27-person team has returned to Compass larger than ever as it looks to solidify its footprint in the tony submarkets of ...

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  • 26 Jun
  • The Real Deal
  • Uncategorized
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Malibu home of Martin Luther King Jr.’s son listed for sale

A Malibu home owned by the youngest son of Martin Luther King Jr. and Coretta Scott King has been listed for sale. Dexter Scott King, who passed away in January after a battle with prostate cancer, served as chair of the Atlanta ...

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  • 23 Jun
  • The Real Deal
  • Uncategorized
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Beverly Hills home designed by “megamansion king” sells for $37M

A Beverly Hills estate designed by famed architect Richard Landry — often referred to as the “king of the megamansions” — traded this month for $37.1 million. A trust associated with Fred and Susan Kunik bought the five-bedroom, ...

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  • 23 Jun
  • The Real Deal
  • Uncategorized
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