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Month: November 2024

Retail chain to shutter about 70 stores in SoCal

An auto parts chain struggling with logistics will add to the challenges of California’s commercial real estate market, shuttering 139 retail locations throughout the state along with four West Coast distribution centers. Raleigh, ...

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  • 25 Nov
  • The Real Deal
  • Uncategorized
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Fullerton drags feet on state housing mandate, despite high stakes

An Orange County municipality isn’t fighting over housing mandates imposed by the State of California, but it seems tempted to simply live with Sacramento’s wrath. The Fullerton City Council is facing a Jan. 31 deadline to approve a ...

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  • 22 Nov
  • The Real Deal
  • Uncategorized
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Dickies brand to move HQ from Texas to Orange County

Costa Mesa will get a new headquarters of an apparel behemoth and score a win for California when the Dickies brand leaves 65,000 square feet in Fort Worth for new coastal digs. It’s not clear whether the addition involves a new lease ...

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  • 22 Nov
  • The Real Deal
  • Uncategorized
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LA considers pouring $100M from mansion tax into “social housing”

Do Los Angeles voters know the meaning of “social housing”? They should, because the city is considering a plan to spend a major chunk of its Measure ULA mansion tax toward funding “social housing” programs that push tenants to ...

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  • 22 Nov
  • The Real Deal
  • Uncategorized
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Lin He aspires to flip Corona del Mar mansion for $50M

Call it the ultimate luxury home flip. Builder and broker Lin He has listed a four-story, 11,600-square-foot oceanfront mansion at 77 Shorecliff Road in Corona del Mar for $49.5 million — or $28.9 million more than he paid two years ...

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  • 22 Nov
  • The Real Deal
  • Uncategorized
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AfterPay co-founder sells $36M Bel-Air home to Chinese billionaire

A Bel-Air mansion has changed hands with billionaires on both sides of the deal.  Lapro Property Trust, an entity tied to Australian billionaire Nick Molnar, flipped a Richard Manion-designed property that he bought two years ago, The ...

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  • 21 Nov
  • The Real Deal
  • Uncategorized
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Prime opens 243K sf data center in Vernon leased to two AI firms

Prime Data Center has opened a 242,500-square-foot data center in Vernon, the heart of industrial Los Angeles. The Dallas-based firm launched Prime Los Angeles, a three-story computing facility at 4701 South Santa Fe Avenue, Data ...

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  • 21 Nov
  • The Real Deal
  • Uncategorized
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Leo Pustilnikov working to fix loan default on Santa Monica storefronts

Beverly Hills developer Leo Pustilnikov said he’s working with the lender on a loan maturity default tied to retail storefronts he owns on Santa Monica’s 3rd Street Promenade. UBS Real Estate filed a notice of default with Los Angeles ...

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  • 21 Nov
  • The Real Deal
  • Uncategorized
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Fisch unveils 12-story builder’s remedy project in Beverly Hills

Fisch Properties has unveiled the look of a 12-story apartment building in Beverly Hills, its second builder’s remedy project in the upscale city. The locally based developer led by Bill Fisch filed plans this year to build the 65-unit ...

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  • 20 Nov
  • The Real Deal
  • Uncategorized
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Cape Cod-style Palisades manse with $17M ask tops LA contracts

A home in Pacific Palisades topped last week’s list of signed contracts as overall velocity slowed in Los Angeles County’s luxury market coming off the elections. The home is located at 532 Spoleto Drive with an asking price of nearly ...

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  • 20 Nov
  • The Real Deal
  • Uncategorized
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