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Month: August 2024

SCAH-LA pitches 100% affordable apartment complex in Westlake

Southern California Affordable Housing wants to build a 148-unit complex in Westlake, across from MacArthur Park. The Rancho Cucamonga-based nonprofit developer, doing business as SCAH-LA, has filed plans to build the eight-story ...

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  • 14 Aug
  • The Real Deal
  • Uncategorized
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Hospitality startup pays $80M for Mid-Century hotel in Laguna Beach

Dune Drifter, a new hospitality firm with ties to the Marriott family, has bought the Pacific Edge Hotel in Laguna Beach for $80 million. The Century City-based firm led by Cramer Williams bought the 125-room, beachfront hotel at 647 ...

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  • 14 Aug
  • The Real Deal
  • Uncategorized
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Watson Salari Group exits Official for Beverly Hills Estates

Official, the two-year-old brokerage thrown into chaos after claims of rape and sexual assault against two of its co-founders, has lost the last agents from its Los Angeles and broader Southern California footprint.  The Watson Salari ...

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  • 14 Aug
  • The Real Deal
  • Uncategorized
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Silicon2 buys office-industrial buildings in Buena Park for $53M

Silicon2 has picked up two office and industrial buildings in Buena Park for $53.3 million, or $12.3 million more than they traded for two years ago. The South Korea-based distributor of K-Beauty cosmetics with a West Coast hub in ...

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  • 14 Aug
  • The Real Deal
  • Uncategorized
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Malibu Cove Colony home tops list of LA luxe resi contracts

A Malibu Cove Colony property tops last week’s list of the largest residential contracts signed in Los Angeles County. That’s the word from the Eklund Weekly Luxury Report LA, which tallied contracts signed on listings above $4 million ...

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  • 13 Aug
  • The Real Deal
  • Uncategorized
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Financiers James Kohlberg and Mark Attanasio fight over sand in Malibu

James Kohlberg, chairman of KKR, has drawn a line in the sand across Malibu’s Broad Beach against its alleged theft by neighbor Mark Attanasio, owner of the Milwaukee Brewers. Kohlberg, son of the late private equity firm co-founder ...

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  • 13 Aug
  • The Real Deal
  • Uncategorized
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State bill would limit homebuyer agent’s contracts to 90 days

A California legislator has proposed a law that would limit contracts between homebuyers and their brokers to about 90 days. Assemblywoman Stephanie Nguyen, D-Elk Grove, has introduced a bill to limit homebuyer-agent contracts required ...

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  • 13 Aug
  • The Real Deal
  • Uncategorized
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Hudson Pacific losses balloon 50% as office revenues dip

The losses at Hudson Pacific Properties are adding up.  The Los Angeles-based office and studio investor reported a loss of $47 million in the second quarter, marking its 13th quarter of consecutive net losses, according to financial ...

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  • 12 Aug
  • The Real Deal
  • Uncategorized
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SCS Development drops $87M on Monrovia apartments

A housing developer from the San Francisco Bay Area has spent $87.3 million for an apartment complex in Monrovia.  SCS Development bought the Paragon at Old Town apartments in a deal that closed late last month, according to property ...

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  • 12 Aug
  • The Real Deal
  • Uncategorized
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Related California eager for OK on retail village in Santa Ana

Related California has moved forward with plans to replace a shopping center in Santa Ana with an urban retail village with nearly 4,000 homes north of South Coast Plaza. The Santa Ana Planning Commission will consider plans by the ...

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  • 12 Aug
  • The Real Deal
  • Uncategorized
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