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Month: September 2024

$26M Brentwood listing to test LA luxe market’s “pent-up demand”

Developer Phillip Braunstein and Bond Street Partners’ David Parnes walked through the recently completed property at 1104 Tigertail Road last week. It took a little over five years to get to that point. The home, which lists Monday ...

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  • 23 Sep
  • The Real Deal
  • Uncategorized
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Worthe Real Estate hires investment veteran to run inaugural fund

Worthe Real Estate Group has hired a chief investment officer to run its first real estate fund. The Santa Monica-based developer has named Chris Graham to run the firm’s inaugural fund, dubbed Worthe Fund 1, which will buy, reposition ...

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  • 23 Sep
  • The Real Deal
  • Uncategorized
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Newsom signs package of laws to spur housing development

Gov. Gavin Newsom has signed a stack of housing bills aimed at boosting housing production and lowering homelessness across California.  The governor put his Hancock on seven of 32 bills intended to increase housing affordability, ...

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  • 23 Sep
  • The Real Deal
  • Uncategorized
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Washington Prime’s Westminster Mall inches toward sale

A sale of Washington Prime Group’s struggling Westminster Mall is expected to move forward. The deal could close in the next 45 to 60 days, according to an update from Morningstar Credit Analytics. That’s after an $85 million loan on ...

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  • 20 Sep
  • The Real Deal
  • Uncategorized
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Shopoff to build homes and hotel on tank farm in Huntington Beach

Shopoff Realty Investments got the nod 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 was approved by the City Council to construct the ...

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  • 20 Sep
  • The Real Deal
  • Uncategorized
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MLC Holdings to replace OC’s Trinity Broadcasting campus with homes

The former campus of the Trinity Broadcasting Network may not achieve everlasting life. MLC Holdings, a unit of Scottsdale-based Meritage Homes, has filed plans to replace the former Christian television facility with 126 townhomes and ...

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  • 20 Sep
  • The Real Deal
  • Uncategorized
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Kurt Rappaport pads his portfolio with $23M Malibu deal

If anyone would know a good deal, it’s Los Angeles power agent Kurt Rappaport. The home broker — who has worked with the likes of Tom Brady, Brad Pitt and Ellen DeGeneres among other high-profile clients — just expanded his personal ...

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  • 20 Sep
  • The Real Deal
  • Uncategorized
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Developer occupies Calabasas site in protest to block tax auction

Los Angeles County officials are said to have scheduled an auction for a 27-acre site atop the Calabasas hills. However, the owner of the site is refusing to budge, occupying the property in protest while accusing local officials of ...

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  • 19 Sep
  • The Real Deal
  • Uncategorized
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Clippers guard Terance Mann puts Tarzana farmhouse on the market

Los Angeles Clipper Terance Mann has just placed his modern farmhouse-style home in Tarzana on the market. The Clippers guard is asking $5.6 million for the six-bedroom, seven-bath home at 5124 Calvin Avenue. Mann wasn’t at the ...

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  • 19 Sep
  • The Real Deal
  • Uncategorized
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18% of California households live mortgage free, lowest of any state

Fewer than one in five California households have paid off their homes, the lowest of any state in the U.S. But their numbers are rising. Some 18 percent of the state’s 13.7 million households live in a house they own without a ...

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  • 19 Sep
  • The Real Deal
  • Uncategorized
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