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Month: July 2024

Inside Onni Group’s refi of LA, Long Beach apartments

Onni Group has refinanced three properties across Los Angeles County as part of a $1 billion debt deal on eight complexes across the county and Chicago.  The Vancouver-based firm scored $297.5 million on two apartment buildings — Onni ...

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  • 08 Jul
  • The Real Deal
  • Uncategorized
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OC assessor demands rent tax from developers of workforce housing

Orange Assessor Claude Parrish has launched a battle over taxes with developers of workforce housing, which risks killing subsidized rents for the “missing middle.” Parrish contends developers, known as “project administrators” in ...

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  • 05 Jul
  • The Real Deal
  • Uncategorized
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MetLife forecloses on Starwood, Artisan building in El Segundo

MetLife Investment Management foreclosed on an El Segundo office building owned by Starwood Capital and Artisan Ventures, The Real Deal has learned.  MetLife paid $72.8 million for 1960 East Grand Avenue through a non-judicial ...

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  • 05 Jul
  • The Real Deal
  • Uncategorized
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Patrick Carroll charged with gun possession and evasion of LA police

Multifamily investor Patrick Carroll arrived at Los Angeles court Friday appearing to hold himself accountable for the actions that led to his arrest earlier this week by Los Angeles police. Carroll, who was released from jail late ...

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  • 05 Jul
  • The Real Deal
  • Uncategorized
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Fariborz Moshfegh resubmits plan for 10-story hotel in Hollywood

Developer Fariborz Moshfegh has revisited a controversial plan to raze a 100-year-old apartment complex in Hollywood and replace it with a 10-story hotel. The head of Whitley Apartments, a limited liability company based in Palms, has ...

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  • 05 Jul
  • The Real Deal
  • Uncategorized
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Soft leasing in second quarter signals “bifurcated” LA office market

Office leases have slowed and rents have fallen across greater Los Angeles, with distress in the market sector expected to rise through the year. Some 2.7 million square feet of office leasing deals closed across Los Angeles County in ...

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  • 05 Jul
  • The Real Deal
  • Uncategorized
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Patrick Carroll released from police custody following LA arrest

Multifamily mogul Patrick Carroll was released from police custody in Los Angeles late Wednesday, after being arrested earlier this week, The Real Deal has learned. The investor was released on his own recognizance, meaning he was not ...

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  • 03 Jul
  • The Real Deal
  • Uncategorized
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Shopoff looks to build 250 homes and hotel in Huntington Beach 

Shopoff Realty Investments has moved forward with a plan to build 250 homes and a 215-room boutique hotel atop a former oil tank farm in Huntington Beach. The Irvine-based developer led by Bill Shopoff has scheduled a hearing with the ...

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  • 03 Jul
  • The Real Deal
  • Uncategorized
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Beverly Hills condo contract leads LA luxury market

The Los Angeles luxury residential market’s top deal to go under contract last week was a  condo at the Rosewood Residences Beverly Hills. The unit is one of 16 signed contracts counted last week by the Eklund Weekly Luxury Report for ...

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  • 03 Jul
  • The Real Deal
  • Uncategorized
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Linkhome plans IPO to raise $12M for AI house-buying platform

Linkhome Holdings wants artificial intelligence to help buyers find and buy homes, and plans to raise $12.1 million in an initial public offering to help them do it. The Irvine-based startup led by Bill Qin registered with the ...

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  • 03 Jul
  • The Real Deal
  • Uncategorized
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