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Month: July 2024

Musk to move headquarters for SpaceX and X to Texas

It’s not clear what building rockets in Hawthorne or a social media platform in San Francisco have to do with student privacy for transexual teens. But Elon Musk, CEO of SpaceX and owner of Twitter, has decided to move the headquarters ...

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  • 16 Jul
  • The Real Deal
  • Uncategorized
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Advocates accuse LA of stalling homeless housing complex in Venice

Advocates for a controversial homeless housing complex approved in Venice accuse Los Angeles of stonewalling its development. LA Forward Institute, a nonprofit based in Sawtelle, has filed a lawsuit that accuses the City of Los Angeles ...

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  • 16 Jul
  • The Real Deal
  • Uncategorized
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Buyer pays $30M for former St. John Knits exec’s Newport mansion

The $30 million sale of former St. John Knits president Michael Gray’s Newport Beach estate marks one of Orange County’s priciest deals so far this year.  Gray and his wife, Lori Gray, sold their 8,800-square-foot estate at 309 Via ...

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  • 16 Jul
  • The Real Deal
  • Uncategorized
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Aragon Properties gets green light for 327-unit complex in Echo Park

Aragon Properties has moved forward with plans to build a 327-unit apartment complex in Echo Park. The Vancouver-based developer led by Lenny Moy was approved by the Los Angeles City Planning Commission to build the seven-story complex ...

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  • 15 Jul
  • The Real Deal
  • Uncategorized
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J.Lo and Ben Affleck list their Beverly Crest estate for $68M

With their marriage apparently headed toward the rocks, Jennifer Lopez and Ben Affleck have decided to formally list their 38,000-square-foot mansion in Beverly Crest for $68 million. The estranged A-list couple, who bought the estate ...

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  • 15 Jul
  • The Real Deal
  • Uncategorized
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Worthe buys back Burbank Studios from Warner Bros. for $375M 

Worthe Real Estate has bought back Warner Bros. Discovery’s Burbank Studios, about a year after selling the sprawling 27-acre studio campus to the entertainment giant.  Worthe, QuadReal Property Group and Stockbridge Capital Group paid ...

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  • 15 Jul
  • The Real Deal
  • Uncategorized
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OC billionaire shovels $100M into building workforce housing in OC

Philanthropist Ron Simon has kicked in $100 million to help build affordable workforce housing for nurses, firefighters and teachers in Orange County, where a typical home tops $1.2 million. The veteran executive of RSI Equity Partners ...

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  • 12 Jul
  • The Real Deal
  • Uncategorized
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Mike Barry OK’d for hotel and apartments in K-town

A Koreatown property owner has pushed through plans to build a seven-story hotel and apartment complex, despite some local pushback. The Los Angeles City Planning Commission has approved plans by Mike Barry to build a 60-room hotel ...

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  • 12 Jul
  • The Real Deal
  • Uncategorized
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Brookfield’s $400M DTLA office loan taken over by special servicer

Brookfield Asset Management is once again in hot water with a lender for a big downtown Los Angeles office tower. The alternative investment giant’s lender for its 1.4 million-square-foot Bank of America Plaza office tower at 333 South ...

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  • 12 Jul
  • The Real Deal
  • Uncategorized
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Proptech real estate startup aims to streamline brokers’ business

A Redondo Beach real estate broker has launched a new proptech platform that aims to streamline services for other brokers and agents. StackWrap, a startup based in Redondo Beach founded by Max Fitzgerald, launched its platform in May ...

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  • 11 Jul
  • The Real Deal
  • Uncategorized
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