Month: August 2024

Fashion Nova founder and CEO Richard Saghian just paid $118 million for a new Beverly Hills headquarters as he bets big on the local office market. The 175,000-square-foot building at 407 North Maple Drive, bought off market from Tishman Speyer, pencils out to about $675 per square foot. It places the online fashion company’s future…

A Pacific Palisades estate listed at $48.9 million, complete with basketball court and panoramic views, could set a new record for the tony neighborhood. The six-bed, 10-bath home at 16058 Anoka Drive sits on nearly an acre lot.  The property is listed by The Agency’s Joey Ben-Zvi and Brandon Piller of the BZP Group. A…

Bidders for a federal office building known as the Ziggurat in Laguna Niguel have driven the price to nearly $152 million, more than twice the auction’s starting price. The bidding war has extended the auction by the General Services Administration of the seven-story, 1 million-square-foot Chet Holifield Federal Building at 24000 Avila Road, the Orange…

The family of real estate broker Walter Marks has moved forward with plans to redevelop vintage buildings on the Miracle Mile with a 42-story Art Deco-inspired housing tower. Walter N. Marks Inc., run by Walter Marks III, has had an environmental study published for its 448-unit tower at 5411 Wilshire Boulevard, in Mid-Wilshire, Urbanize Los…

Lendistry, a non-bank lender for small businesses, has expanded into home mortgages. The Downtown Los Angeles-based lender has launched Lendistry Home Loans, a division to provide home loans to underserved communities in California, Georgia, Illinois, Maryland, Pennsylvania and Texas, the Los Angeles Business Journal reported. Within the next year, it estimates it will have provided…

Malibu luxury home sales aren’t letting off the gas, with last week’s top two homes under contract coming from the beachside city. At the top of the Eklund Weekly Luxury Report LA’s list is the carbon neutral Zero One estate at 11865 Ellice Street, listed for just under $26 million. The report, from Douglas Elliman’s…

A Bird Streets home apt for a car collector has landed a new owner for $21 million. The Mid-Century-inspired home at 9211 Nightingale Drive originally hit the market for $24.5 million about a year ago before turning into a rental. The buyer is an LLC with a Marina del Rey-based registered agent, according to property…

RV Dev’s controversial plan to build 360 homes on a golf course in Rowland Heights has received a boost from state Sen. Bob Archuleta. Archuleta, D-Norwalk, endorsed the proposal by the Irvine-based developer controlled by an LLC run by George Peterson to redevelop the Rowland Heights half of the closed Royal Vista Golf Club at…

Goldfin Ventures wants to replace a shuttered church in Historic South-Central with a 92-unit affordable housing complex. The Saratoga-based developer led by Vinu Krishnamurthy has filed plans to build the five-story complex at 665 East Adams Boulevard, Urbanize Los Angeles reported. The 74-year-old church building that once served as the home of Spiritual Fellowship Church…

Gov. Gavin Newsom has put Beverly Hills on notice for violating state housing law in rejecting a 19-story apartment tower proposed by developer Leo Pustilnikov. The governor and state housing regulators urged Beverly Hills to approve the 200-foot residential and hotel tower at 125-129 South Linden Drive, Politico’s Playbook reported. It would replace a parking…