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Month: October 2024

Faring pitches 315 townhomes and apartments along the 405 in Carson

Faring Capital has pitched a plan to build 315 townhomes and apartments in Carson. An affiliate of the West Hollywood-based developer led by Jason Illoulian has filed plans to build the homes on a triangular site at 21212 Avalon ...

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  • 22 Oct
  • The Real Deal
  • Uncategorized
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Fletcher Jones plans to occupy 136K spec warehouse in Irvine

UPDATED OCT. 21 at 4:45 p.m.: Fletcher Jones Management Group plans to occupy a 136,000-square-foot warehouse and office building in Irvine. The Las Vegas-based owner of the largest collection of Mercedes-Benz dealerships in the U.S. ...

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  • 21 Oct
  • The Real Deal
  • Uncategorized
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Teen obsession turns into career for two LA luxury home brokers

As teenagers, The Beverly Hills Estates’ Jack Harris and Michael Fahimian argued over the best luxury residential streets, talked through negotiations and analyzed deals. They were 13 when they met at a tennis tournament and later ...

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  • 21 Oct
  • The Real Deal
  • Uncategorized
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Sagard sells five-building office campus in Tustin for $28M

Sagard Real Estate has sold a five-building office campus in Tustin for $27.5 million. The unit of Denver-based Sagard led by Rick Stone sold the 185,000-square-foot Tustin Financial Plaza at 17772, 17782, 17822, 17852 and 17862 East ...

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  • 21 Oct
  • The Real Deal
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Pinelux to convert landmark Long Beach bank building into homes

Pinelux Associates wants to turn a 118-year-old landmark office building known for its corner clocktower in Downtown Long Beach into 70 apartments. The locally based investor led by Christopher Mata has filed plans to convert the ...

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  • 21 Oct
  • The Real Deal
  • Uncategorized
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Residential deals drive Measure ULA revenues, report finds

Measure ULA proponents may have justification for the nickname “mansion tax.” Single-family residential transactions account for the largest bucket of money generated so far by the property transfer tax. Revenue from the residential ...

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  • 18 Oct
  • The Real Deal
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LA County DA candidate Nathan Hochman visits luxury home brokers

Los Angeles County District Attorney candidate Nathan Hochman made the rounds this week to luxury brokerages, receiving warm welcomes from The Beverly Hills Estates and The Oppenheim Group. Monday evening saw a crowd of about 175 ...

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  • 18 Oct
  • The Real Deal
  • Uncategorized
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Sumitomo to renovate InterContinental Century City for $98M

Four years ago, Sumitomo Realty & Development quietly closed its InterContinental Century City hotel at the dawn of the pandemic. Now it wants to revamp it for $98 million The Tokyo-based investor has filed plans to renovate the ...

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  • 18 Oct
  • The Real Deal
  • Uncategorized
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Phillips 66’s closure of South Bayrefineries opens 650 acres for development

Phillips 66 will close a pair of century-old refineries in Wilmington and Carson, opening hundreds of acres at the industrial sites for development. The Houston-based energy firm announced it would shut down the 659-acre facility ...

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  • 17 Oct
  • The Real Deal
  • Uncategorized
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LA luxury agents reach for optimism in a turbulent market

Where’s the L.A. luxury residential market headed? Depends on whom you ask and where they’re closing. Brokers enter the final quarter of a year marked by plenty of turbulence: the presidential election, dwindling options for home ...

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  • 17 Oct
  • The Real Deal
  • Uncategorized
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