Month: July 2024

TTM Real Estate Capital bought a nearly 250,000-square-foot outdoor shopping mall last year in West Los Angeles for $80 million — and now plans to spend nearly twice as much to fix it up. The unit of Westwood-based Cannon Commercial led by Tyler Mateen announced a $150 million plan to revamp the HHLA Entertainment Center…

Tesla has hit the go-pedal on plans to turn the defunct Winnetka Pacific Theatres in Chatsworth into a showroom and pick-up spot for its electric cars.  The Austin, Texas-based electric vehicle maker led by Elon Musk pitched its latest plan before the L.A. Planning Commission to redevelop the 118,800-square-foot multiplex into a car showroom and…

UPDATED JULY 1 at 3:45 p.m.: Businesses and neighbors of a $1.25 billion plan by Hackman Capital Partners to redevelop Television City in the Fairfax Historic District want to turn the dial. Nine businesses and community groups have appealed the TVC 2050 plan by the Culver City-based investor to revamp the 25-acre landmark production complex…

Kevin’s Garnett’s $16 million Malibu home sale has turned out to be anything but a slam dunk. Three years since the NBA Hall of Famer reached an agreement to sell the property to Hacopian Design & Development, the deal is mired in legal scuffles over payments and blame for the soured trade.    The property at…

Multifamily syndicator Patrick Carroll was arrested in Hollywood late Monday and booked on a felony charge, The Real Deal has learned. Records show the arrest occurred at 9:30 p.m. on July 1, with Carroll officially booked in the early morning hours Tuesday by the Hollywood Division of the Los Angeles Police Department. Carroll remains in…

Leo Pustilnikov has run into a labyrinth of red tape put up by Beverly Hills to stave off a builder’s remedy project with apartments and a hotel that defies the city’s zoning rules. The locally based developer and pioneer in employing the state housing provision to bypass zoning has been thwarted by a city government…

A mystery buyer snapped up The Park at Cross Creek in Malibu, taking control of a fully leased retail center anchored by Whole Foods Market. The purchase price of the 39,350-square-foot property at 23401 Civic Center Waywas not disclosed. Newmark’s Bill Bauman and Kyle Miller represented the buyer, in addition to sellers the Gerschel family…

Developer Shahram “Sean” Mousavi plans to replace a Boyle Heights bank that was destroyed by fire with a seven-story, 123-unit apartment complex.   The property, located at 1308-1322 South Soto Street at the northeast corner of Soto Street and Hostetter Street, contained a vacant, single-story structure when a fire broke out in November 2022. According to…