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Month: November 2024

Hankey overcomes appeal against Koreatown apartment highrise

Hankey Investment Company has beat back a labor union-backed appeal trying to block a 163-unit apartment building in Koreatown. The Los Angeles City Planning Commission sided with the Hancock Park-based developer led by billionaire Don ...

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  • 20 Nov
  • The Real Deal
  • Uncategorized
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Value of Brookfield office towers in DTLA falls by two-thirds 

The value of two office towers tied to Brookfield in Downtown Los Angeles has plummeted to the curb. New appraisals of the skyscrapers linked to the Toronto-based investor have cut their value by two-thirds at 725 South Figueroa Street ...

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  • 20 Nov
  • The Real Deal
  • Uncategorized
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Transformco signs newcomer Panda Mart to fill OC mall

As malls try to come back after the pandemic, new players have emerged to fill the retail void. Case in point: Eddie Lampert’s Transformco Properties has leased part of a former Sears in Orange to Panda Mart, a South African discount ...

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  • 20 Nov
  • The Real Deal
  • Uncategorized
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Branden and Rayni Williams “separate as a couple”

Beverly Hills Estates founders Rayni Williams and Branden Williams have separated, The Real Deal has learned. “After much thought and reflection, we have made the difficult decision to separate as a couple,” the two said in a joint ...

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  • 19 Nov
  • The Real Deal
  • Uncategorized
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Merlone Geier buys Ralphs-anchored Stevenson Ranch mall for $58M

Retail developer Merlone Geier has acquired Stevenson Ranch Plaza, an outdoor mall in the Santa Clarita Valley anchored by a Ralphs supermarket, for $57.8 million, The Real Deal has learned.  The property, with the addresses of 24917, ...

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  • 19 Nov
  • The Real Deal
  • Uncategorized
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LA rezoning fails to take feasibility into account, UCLA report finds

Home builders across Los Angeles are falling far short of a housing goal set by the state. A City Council committee is poised to consider a plan to rezone the city for 255,000 more homes by 2029, while developers aren’t able to keep ...

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  • 19 Nov
  • The Real Deal
  • Uncategorized
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Economics points Buchanan Street to self-storage project in the IE

One OC developer has decided to deal with current economics by focusing on one asset class: self-storage. Buchanan Street Partners has bought a medical office building in the Inland Empire with plans to replace it with a ...

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  • 19 Nov
  • The Real Deal
  • Uncategorized
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Del Mar beach house asks $75M in market’s priciest listing

A Del Mar beach house with superyacht design cues has hit the market for $75 million, marking the priciest listing in the seaside resort. The oceanfront property, less than two miles from the Del Mar racetrack, is at 2920 Camino Del ...

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  • 19 Nov
  • The Real Deal
  • Uncategorized
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With Prop. 34, California landlords notch last victory against AHF

California landlords may have just toppled their chief nemesis in a decadelong battle over local rent control ordinances. AIDS Healthcare Foundation President Michael Weinstein conceded in the fight against Proposition 34 Friday after ...

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  • 19 Nov
  • The Real Deal
  • Uncategorized
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Macerich sees value of Santa Monica Place fall to $255M as it seeks buyer

Santa Monica Place can’t seem to catch a break, with the specialty mall’s value taking another hit as its owner looks to clinch a sale of the property. The Macerich-owned shopping center’s value is down about 35 percent to $255 million ...

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  • 18 Nov
  • The Real Deal
  • Uncategorized
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