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Month: June 2024

LA delays vote on landmark status for Marilyn Monroe’s Brentwood home

Will the City of Los Angeles designate Marilyn Monroe’s former home in Brentwood a landmark, staving off the wrecking ball? Its owners and the public won’t know for weeks. The L.A. City Council has put off a vote on whether to name the ...

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  • 15 Jun
  • The Real Deal
  • Uncategorized
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EGC Real Estate scores $22M bridge loan for Koreatown apartments

EGC Real Estate has scored a $22 million bridge loan from Beverly Hills-based lender Bolour to help recapitalize a 67-unit apartment complex in Koreatown. Priority Capital Advisory, run by Zachary Streit, arranged the financing for ...

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  • 15 Jun
  • The Real Deal
  • Uncategorized
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Brookfield beats appeal aiming to block 27-story condo tower in DTLA

Brookfield has beat back an appeal seeking to block construction of a 27-story apartment highrise in Downtown Los Angeles. The Toronto-based real estate giant won support of the Central Area Planning Commission, which voted to reject ...

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  • 14 Jun
  • The Real Deal
  • Uncategorized
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Ace Hotel in DTLA to reopen under short-term rental brand Stile

The Ace Hotel in Downtown Los Angeles is reopening — with a new name.  Aju Continuum, the U.S. branch of the South Korean firm that owns the 182-key hotel, has tapped short-term rental startup Kasa Living to operate and manage the ...

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  • 14 Jun
  • The Real Deal
  • Uncategorized
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Laurene Powell Jobs spends $94 to buy fourth Malibu estate

Laurene Powell Jobs can’t stop buying real estate in Malibu, having just picked up a 1950s ranch house in prestigious Paradise Cove for $94 million. The widow of Apple co-founder Steve Jobs bought the four-bedroom, four-bathroom ...

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  • 14 Jun
  • The Real Deal
  • Uncategorized
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Shopoff Realty buys 55 acres in Desert Hot Springs for warehouse

Shopoff Realty Investments has bought 55 acres in Desert Hot Springs for a sprawling industrial development.  The firm plans to build a 1.1 million-square-foot warehouse and distribution center on the site, which is located near the 10 ...

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  • 14 Jun
  • The Real Deal
  • Uncategorized
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LA leaves out 72% of the city in plan to build 457K homes by 2029

Los Angeles plans to update its state-mandated plan on the location of nearly 457,000 new homes. The catch: it wants to squeeze them into just a quarter of the 469-square-mile city. The city’s new Housing Element update leaves out 72 ...

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  • 13 Jun
  • The Real Deal
  • Uncategorized
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Mansion built for Cold War CIA director in San Marino sells for $30M

An estate built for former CIA Director John McCone in San Marino has sold for $30 million, the priciest sale ever in a city of regal residences. An unidentified buyer paid $7.5 million above the asking price for the 13,700-square-foot ...

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  • 13 Jun
  • The Real Deal
  • Uncategorized
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Nonprofits get $83M in federal money to build 400 homes in LA County

A state housing department has awarded $83 million in federal funds to six nonprofit developers to build more than 400 affordable apartments in Los Angeles County. The funding by the California Department of Housing and Community ...

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  • 13 Jun
  • The Real Deal
  • Uncategorized
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Jamie Duran leaves Christie’s AKG after three-month tenure

Jamie Duran has left Christie’s International Real Estate AKG, just three months after joining the brokerage, The Real Deal has learned.  “Jamie Duran is such a force in real estate, but ultimately, our visions did not coincide,” Aaron ...

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  • 13 Jun
  • The Real Deal
  • Uncategorized
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