Month: July 2024

This dataset ranks the most active residential brokerages in Los Angeles County.  The Real Deal analyzed closed, buy- and sell-side deals in Los Angeles County recorded in the multiple listing service between May 1, 2023 and May 1, 2024.  The data considers residential sales only. Off market deals were not considered. Because of the volume…

A local shopping center owner is behind the purchase of Malibu’s The Park at Cross Creek, which traded for $80 million earlier this summer. The retail center at 23401 Civic Center Way was developed by Steve Soboroff’s Soboroff Partners and the Gerschel family; it traded in late June to a then-undisclosed buyer. The 39,350-square-foot neighborhood…

Irvine Company boss Donald Bren leads a cadre of six real estate developers and investors who combine for $47 billion in personal net worth in Orange County. Bren remains the nation’s largest real estate developer and richest person in the Southern California enclave known for its extensive coastline and reality-TV persona — and lesser known…

The best hope of solving Southern California’s housing crunch is in the backyard, if current trends continue. That’s the takeaway from data that shows Los Angeles County leading the nation in “accessory dwelling units” — the backyard bungalows often referred to as “granny flats” — with 45,732 permits issued last year.  The data isn’t sufficient…

Florida multifamily syndicator Patrick Carroll was back in Los Angeles court on Tuesday as he faces a felony charge stemming from an incident with police earlier this month. Carroll was arrested July 1 and faces charges of evading a police officer and carrying a loaded firearm in public, according to court records. Tuesday’s hearing before…

Oops — they shouldn’t have done that at all. That’s the song pop star-turned-tabloid target Britney Spears is singing after an apparent hack of the MLS system in the Los Angeles area led to a false listing of her mansion in suburban Thousand Oaks, TMZ reported.  The listing went up with a price just under…

A publicity shy billionaire boss of a hedge fund has gone from steady buyer to opportunistic seller of office properties in the Orange County white-collar hub of Irvine. C. Frederick Taylor’s TGS Management got $60 million for a total of 165,000 or so square feet of vacant office space over two buildings at 1 and…

Ye, the rapper and music producer formerly known as Kanye West, has found a possible buyer for his unfinished Malibu home, making it last week’s top property under contract in the Los Angeles County luxury residential market. The beachfront home has been up for sale since January, when it was listed for $53 million. In…

$32 million, $40 million, $20 million. Those are some of the big closing prices on recent Westside deals, bucking the headwinds of higher interest rates and Los Angeles’ Measure ULA tax. In short, L.A.’s Westside is looking pretty good, according to Compass agent David Berg. The founding partner of the Smith & Berg Partners team…

Revel and developer Leo Pustilnikov want to build a 19,000-square-foot charging station for electric cars in Downtown Los Angeles. The Brooklyn-based developer of EV infrastructure has leased a parking lot for the future station at 1233 South Grand Avenue, in South Park, the Commercial Observer reported, citing property records.  The landlord of the lot is…