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Month: July 2024

LA sues Airbnb guru over allegedly illegal short-term rental listings

Vlad Yurov built an online following by teaching people how to get into the short-term rental business. He touted himself as a “seven-figure Airbnb host” who could help others quit their day jobs and get into the industry.  “Real ...

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  • 18 Jul
  • The Real Deal
  • Uncategorized
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LA County approves legal aid for tenants facing eviction

Some Los Angeles County tenants will get free lawyers to help them fight pending evictions. The Board of Supervisors unanimously approved free legal aid for residents facing evictions in unincorporated areas, the Los Angeles Daily News ...

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  • 18 Jul
  • The Real Deal
  • Uncategorized
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Pacific Retail to reposition indoor mall in Palm Desert

Indoor malls have been dying for years, but Pacific Retail Capital Partners is plucking two zombies in Palm Desert and New Jersey from the dust. The Century City-based investor led by Steve Plenge will soon revamp The Shops at Palm ...

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  • 18 Jul
  • The Real Deal
  • Uncategorized
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LA’s industrial vacancy ticks up as rents fall

Los Angeles’ industrial market isn’t as hot as it once was because of people pulling back from shopping. At the end of the second quarter, 3.7 percent of all industrial space was available, marking a 14.5-year high, according to a ...

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  • 17 Jul
  • The Real Deal
  • Uncategorized
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Minskoff Equities defaults on Playa Vista office with $271M debt

Edward J. Minskoff Equities has defaulted on an office complex in Playa Vista, owing $271 million in unpaid debt, The Real Deal has learned. EJM Equities defaulted on a $250 million loan tied to The Bluffs from Morgan Stanley, which ...

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  • 17 Jul
  • The Real Deal
  • Uncategorized
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Top LA broker Tyrone McKillen out from Official

Top broker Tyrone McKillen is parting ways with Official, less than two years after establishing the brokerage in Los Angeles.  McKillen is making arrangements to leave the firm, and taking his eight-person Plus Real Estate Group team ...

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  • 17 Jul
  • The Real Deal
  • Uncategorized
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Filmmaker Brett Drogmund to convert warehouse to pickleball in El Segundo

Adman and film producer Brett Drogmund has inked a deal for a 25,300-square-foot industrial building in El Segundo to open a club for schmoozing over the pops of pickleball. Drogmund, founder of California Smash Pickleball and Social ...

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  • 17 Jul
  • The Real Deal
  • Uncategorized
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Four questions with Steve Soboroff

Picking up trash at The Park at Cross Creek in Malibu was like a reflex for Steve Soboroff. But the managing director of shopping center developer and leasing firm Soboroff Partners isn’t so sure he’ll do that anymore, given the ...

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  • 17 Jul
  • The Real Deal
  • Uncategorized
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Bando Dela beats appeal on 153-unit apartment complex in Koreatown

Bando Dela has beat back a union-supported appeal trying to block a 153-unit apartment complex in Koreatown. The Koreatown-based developer led by Dong Chul Shin was approved by the Los Angeles City Planning Commission, which denied the ...

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  • 17 Jul
  • The Real Deal
  • Uncategorized
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LA’s luxury residential market takes summer vacation

Los Angeles’ luxury residential market went on summer vacation last week.   Signed contracts between July 8 and July 14 plummeted to nine, halved from the previous week’s total, according to a report from Eklund-Gomes. The report ...

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  • 17 Jul
  • The Real Deal
  • Uncategorized
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