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Month: June 2024

Ed Niles-designed glass house in Beverly Hills has $35M price tag

An ultra-modern glass house in Beverly Hills, designed by architect Ed Niles, has hit the market for just under $35 million. An option to lease the 7,500-square-foot mansion at 1169 Loma Linda Drive is also available for $59,000 a ...

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  • 07 Jun
  • The Real Deal
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LA County wants to cap rent hikes at 3% for 52K units in unincorporated areas

Landlords across unincorporated areas of Los Angeles County may be subject to new rent caps. The Los Angeles County Board of Supervisors voted 3-to-2 this week to rewrite rent stabilization rules to bar many landlords from raising ...

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  • 07 Jun
  • The Real Deal
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Starwood and Artisan face foreclosure on El Segundo office building

An office building in El Segundo owned by Starwood Capital and Artisan Ventures is headed to foreclosure.  MetLife Investment Management has initiated a foreclosure on 1960 East Grand Avenue, a 257,000-square-foot office building, with ...

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  • 07 Jun
  • The Real Deal
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Advantage Mailing scoops up industrial building in Anaheim for $27M

Advantage Mailing has purchased a 95,700-square-foot industrial building in Anaheim for $26.8 million, the largest OC owner-user deal in five years. The locally based printing and distribution company led by Tom Ling bought the ...

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  • 07 Jun
  • The Real Deal
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Mystery buyer of Rihanna’s LA condo tied to former Mark Wahlberg pad

The buyer of Rihanna’s Century City penthouse appears to be on a shopping spree, assembling celebrity-owned properties into a growing portfolio.  The LLC buyer of the billionaire businesswoman and pop star’s former condo lists 71 ...

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  • 07 Jun
  • The Real Deal
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Saman Kerendian’s Kian Investment lands $24M loan for 136 affordable units in Koreatown

Kian Investment has scored $24.4 million in financing to build a 136-unit affordable housing complex in Koreatown. The entity controlled by West Los Angeles-based Keren Management and led by Saman Kerendian landed the loan to build the ...

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  • 06 Jun
  • The Real Deal
  • Uncategorized
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Fancy grocer Erewhon spends $12M on Glendale lot for new store

Glendale is getting an Erewhon, the luxury grocer famous for $20 smoothies and a hefty celebrity presence.  Erewhon bought a 24,000-square-foot building at 520 North Glendale Avenue and an adjacent parking lot for $12.4 million earlier ...

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  • 06 Jun
  • The Real Deal
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Investor couple behind Sugarfina price their Bel-Air mansion at $115M

Financiers and Sugarfina board directors Paul Kessler and Diana Derycz-Kessler are listing their Bel-Air estate — named Villa Del Amor — for $115 million. The Kessler’s listing marks one of the priciest so far this year for the ...

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  • 06 Jun
  • The Real Deal
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Prime Residential picks up 156-unit apartment complex in North Hollywood for $62M

Prime Residential has acquired a 156-unit apartment complex in North Hollywood for $62.1 million — $10 million less than what it traded for eight years ago. The San Francisco-based investor bought the five-story, mixed-use building at ...

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  • 06 Jun
  • The Real Deal
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Judge approves emergency loan to fix erosion at bankrupt Mohamed Hadid property

364 Capital LLC, a Naples, Florida-based firm specializing in bankruptcy restructuring and DIP financing run by Renzo Renzi, has offered a $1.1 million loan to a Hadid-controlled entity called Tree Lane LLC to help address slope ...

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  • 05 Jun
  • The Real Deal
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