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Month: September 2024

Pasadena school district dives into redevelopment business

A school district in the San Gabriel Valley plans to develop its own workforce housing with an education-to-residential conversion of a shuttered school. Members of the Pasadena Unified School District Board of Education recently voted ...

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  • 12 Sep
  • The Real Deal
  • Uncategorized
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Filmmaker Lyn Lear pays $24M for Hollywood Hills mansion

Emmy-nominated filmmaker Lyn Lear nabbed a secluded pad in Los Angeles’ Hollywood Hills, paying $24 million for the contemporary estate.   Property records show a trust tied to Lear, widow of the late screenwriter and television ...

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  • 11 Sep
  • The Real Deal
  • Uncategorized
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Newport Beach house sells at top of per-square-foot scale

The rich might be different, as the Great Gatsby tells us — but their real estate is really different. Take Orange County’s high-end market, which is generally gathered along the coast, with Dana Point, Laguna Beach and Newport Beach ...

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  • 11 Sep
  • The Real Deal
  • Uncategorized
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Anaheim ranks as most expensive SoCal market for “starter” homes

Prospective buyers in Anaheim looking to get a “starter home” with a 30-year mortgage at current rates need at least $251,000 in annual household income, the most of any city in Southern California. The data from Redfin shows Anaheim ...

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  • 11 Sep
  • The Real Deal
  • Uncategorized
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Bill to limit warehouse development draws industry response

A recently passed bill to restrict new warehouses throughout California is drawing opposition from both sides of the divide over one of the few hotspots in commercial real estate, with property owners’ trade group NAIOP among the odd ...

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  • 11 Sep
  • The Real Deal
  • Uncategorized
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Advanced Real Estate buys LA apartment complex for bargain $62M

A multifamily investor based in Orange County has picked up a bargain from a Chicago outfit that looks set to exit inner-city Los Angeles with a $30 million haircut. Advanced Real Estate in Irvine paid $62 million for the 210-unit ...

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  • 10 Sep
  • The Real Deal
  • Uncategorized
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Former Laker Spencer Dinwiddie asks $7.7M for Calabasas home

Spencer Dinwiddie will trade his Calabasas digs for something in Dallas as he readies for the start of the NBA season. The guard has placed his home in the San Fernando Valley at 26767 Mulholland Highway on the market for $7.7 million, ...

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  • 10 Sep
  • The Real Deal
  • Uncategorized
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Starwood surrenders another El Segundo office complex to lenders

A joint venture between Starwood Capital and Artisan Ventures has surrendered a 1.6 million-square-foot office complex in El Segundo to lenders after falling behind on nearly $500 million in debt, The Real Deal has learned.  Buyers ...

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  • 10 Sep
  • The Real Deal
  • Uncategorized
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Lack of hospitality: LA hotel sales drop $800M since last year

It pays to think small in the Los Angeles hotel market. At least, that’s how the market has worked so far this year. Los Angeles County saw a 6 percent drop in the overall number of hotel sales in the first half of this year while the ...

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  • 10 Sep
  • The Real Deal
  • Uncategorized
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Malibu manse near beach claims top spot on LA luxe contracts list

The Malibu luxury home market continues its tear, with a property there marking the largest contract among L.A. County deals last week. The home at 31654 Broad Beach Road, with a listing price of $12.5 million, was the top contract for ...

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  • 10 Sep
  • The Real Deal
  • Uncategorized
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