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Month: July 2024

Leo Pustilnikov to acquire 17 Skid Row buildings in LA for $10M

Developer Leo Pustilnikov has agreed to buy 17 Skid Row buildings for formerly homeless residents in Downtown Los Angeles for $10 million. The owner of Beverly Hills-based SLH Investments has cut a deal to buy the portfolio of ...

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  • 29 Jul
  • The Real Deal
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Judge orders Huntington Beach to update housing plan in 12 months

A judge has given Huntington Beach a year to come up with a state-mandated plan to build more than 13,000 homes by 2030. San Diego Superior Court Judge Katherine Bacal found that Surf City had violated state housing laws by refusing to ...

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  • 29 Jul
  • The Real Deal
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Ben Affleck downsizes to $21M ranch in Brentwood

Ben Affleck is moving to an equestrian estate in Brentwood as rumors heat up that he and Jennifer Lopez are headed for a split. Affleck closed on the five-bed, six-bath home in the Sullivan Canyon neighborhood for $20.5 million, TMZ ...

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  • 29 Jul
  • The Real Deal
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Two Chatsworth industrial buildings trade for combined $63M

Two industrial buildings in the San Fernando Valley neighborhood of Chatsworth have traded in separate deals for a combined $62.5 million. Cosmetics maker Neutraderm, based in Chatsworth, paid $21 million for a 59,400-square-foot ...

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  • 29 Jul
  • The Real Deal
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LA County could buy Gas Company Tower ahead of foreclosure auction

The City of Los Angeles thought it had dibs on the troubled Gas Company Tower, and cut a deal for a 308,000-square foot lease. Now L.A. County wants to buy the building for up to $210 million. Six months after the city proposed a lease ...

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  • 29 Jul
  • The Real Deal
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Boutique broker explains new CAR forms for residential agents

After much ado, residential agents have some clarity about a sales process that complies with the National Association of Realtors court settlement. With the Aug. 17 deadline looming for the rollout of new rules resulting from NAR’s ...

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  • 29 Jul
  • The Real Deal
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R.W. Selby gets nod for makeover along Hollywood Walk of Fame

R.W. Selby could soon redevelop part of Hollywood’s Walk of Fame with 633 apartments, offices, shops and restaurants. An affiliate of the Brentwood-based developer led by Rick Selby was approved by the Los Angeles City Planning ...

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  • 26 Jul
  • The Real Deal
  • Uncategorized
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East End Studios updates plan for $1B film studio in DTLA

East End Studios has tweaked its plans for a $1 billion film studio in L.A.’s Arts District. The unit of New York-based East End Capital has filed revised plans to create a more “people-centered” studio project at 1338 East 6th Street ...

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  • 26 Jul
  • The Real Deal
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Spec mansion above Malibu’s Billionaire’s Beach goes for $32M

A spec mansion perched above Malibu’s Billionaire’s Beach has sold for $32 million, after initially testing the market with a nearly $50 million asking price. The estate was first listed in 2019 for $50 million, fully furnished. More ...

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  • 26 Jul
  • The Real Deal
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Voters in Dana Point could cut short-term rental units by half

Dana Point voters will decide in November whether to slash the number of short-term rentals by half. A neighborhood group has collected enough signatures to put an initiative on the ballot this fall that could revise the city’s policy ...

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  • 25 Jul
  • The Real Deal
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