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Month: June 2024

Spec mansion to test Palisades market with $34M listing

Developer JNY Investments is hitting the market with another spec mansion, this one in Pacific Palisades with a $34 million list price. The spec home at 538 Chautauqua Boulevard debuts in a buyers’ market. Median sale prices of homes ...

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  • 12 Jun
  • The Real Deal
  • Uncategorized
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Bardas and Bain land $300M construction loan for Hollywood studios

Bardas Investment Group and Bain Capital have scored a $300 million construction loan for their Echelon Studios project in Hollywood, The Real Deal has learned.  Blue Sky Servicing, registered in Delaware, provided the three-year loan, ...

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  • 12 Jun
  • The Real Deal
  • Uncategorized
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Measure ULA gets another day in court

A group fighting Measure ULA has another chance to strike down the City of Los Angeles’ real estate transfer tax, after a court agreed to review a case challenging the measure.  The U.S. Court of Appeals for the Ninth Circuit will hear ...

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  • 12 Jun
  • The Real Deal
  • Uncategorized
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J.Lo and Ben Affleck list newlywed home in Beverly Crest for $65M

With their newlywed spark snuffed, Jennifer Lopez and Ben Affleck have decided to list their long-sought, 38,000-square-foot mansion in Beverly Crest for $65 million. The A-list couple, who bought the home a year ago after touring 80 ...

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  • 12 Jun
  • The Real Deal
  • Uncategorized
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Beverly Hills brokerage looks to get ahead of NAR settlement rules

Michael Nourmand isn’t tossing and turning over new rules stemming from the National Association of Realtors’ lawsuit settlement. Still, the president of the family-owned Beverly Hills brokerage Nourmand & Associates made a big ...

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  • 11 Jun
  • The Real Deal
  • Uncategorized
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L&R pays $249 a square foot for Downtown LA parking lot 

A piece of land with a parking lot in Downtown Los Angeles has traded for more than some office buildings in the market on a per-square-foot basis. L&R Group of Companies, a parking operator, bought the 2-acre block of land in ...

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  • 11 Jun
  • The Real Deal
  • Uncategorized
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Fisker founder lists Hollywood Hills mansion for $35M

After he drove his EV startup Fisker into a ditch, founder Henrick Fisker has put his Hollywood Hills West mansion up for sale for $35 million. With his company’s stock price hovering between 4 and 5 cents, Fisker has listed his ...

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  • 11 Jun
  • The Real Deal
  • Uncategorized
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Former Fox lawyer Viet Dinh negotiates $25M deal for Palisades home

Former Fox executive Viet Dinh didn’t have to travel far to get to his new Pacific Palisades home. The property at 14330 West Sunset Boulevard is about two miles from the Brentwood mansion Dinh and his wife reportedly sold to rapper ...

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  • 10 Jun
  • The Real Deal
  • Uncategorized
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Decron Properties Acquires San Diego Shopping Center for $99M

Los Angeles-based Decron Properties has expanded its San Diego portfolio with the $99 million acquisition of Mira Mesa Market West Shopping Center from Stockbridge Capital Group, Decron said on June 6. The 238,747-square-foot retail ...

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  • 10 Jun
  • The Real Deal
  • Uncategorized
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Longtime owners of Pacific Palisades lot fight to claw back property from foreclosure

The longtime owners of a Pacific Palisades residential site are trying to claw back the property, after their lender foreclosed on the asset, marking another chapter in decade-long litigation over the two-acre site.  Shlomy and Revital ...

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  • 10 Jun
  • The Real Deal
  • Uncategorized
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