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Month: November 2024

Security features send Hidden Hills house listed at $24M into contract

High-tech security proved a big selling point for Los Angeles County’s top home under contract last week. The home at 24200 Hidden Ridge Road in Hidden Hills, listed at $23.5 million, topped out last week’s contracts as tallied by ...

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  • 12 Nov
  • The Real Deal
  • Uncategorized
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Irvine Company looks to sell two more San Diego office buildings

The Irvine Company is bailing out of Downtown San Diego, with a listing for two more office towers as it shifts north around a University of California campus. The Newport Beach-based company led by Donald Bren has put two buildings on ...

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  • 12 Nov
  • The Real Deal
  • Uncategorized
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Bridge Investment pays $129M to buy 406-unit complex in Santa Ana 

Bridge Investment Group has bought a 406-unit apartment complex in Santa Ana for $129.2 million, while pledging to preserve half the units as affordable. The Salt Lake City, Utah-based investor purchased the two-story Horizon Apartment ...

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  • 12 Nov
  • The Real Deal
  • Uncategorized
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Stockdale ID’d as buyer of The Oaks mall from Macerich for $157M

Stockdale Capital Partners is rolling the dice on a 1.2 million-square-foot Ventura County shopping mall in need of renovation, The Real Deal has learned. The Los Angeles-based real estate investor is in contract with Macerich to buy ...

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  • 11 Nov
  • The Real Deal
  • Uncategorized
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Landlords feel relief as voters defeat rent control again

Do not mess with the Costa-Hawkins Act in California. That’s the message voters delivered on Nov. 5, when they sided with landlords — for the third time since 2018 — in rejecting Prop. 33 by a comfortable margin of 61.4 percent to 38.6 ...

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  • 11 Nov
  • The Real Deal
  • Uncategorized
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Relevant Group moves from Hollywood hotels to DTLA multifamily

Relevant Group, which sold the historic Morrison Hotel in Downtown Los Angeles late last year, now wants to build hundreds of homes next door. The Hollywood-based developer led by Grant King has filed plans to build a 531-unit ...

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  • 11 Nov
  • The Real Deal
  • Uncategorized
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Pacific Premier Bank renews headquarters lease in Irvine

The Orange County office market just got a boost from one of California’s biggest regional banks. Pacific Premier Bank renewed its 115,438-square-foot headquarters at John Hancock Real Estate’s 12-story Oracle Tower at 17901 Von Karman ...

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  • 08 Nov
  • The Real Deal
  • Uncategorized
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LAcarGuy to turn Toyota of Hollywood into retail village

The Sullivan family has moved forward with plans to knock down the nation’s oldest Toyota dealership in Hollywood and replace it with a 501,500-square-foot retail village. The owner of Hawthorne-based LAcarGuy is backed by a new ...

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  • 08 Nov
  • The Real Deal
  • Uncategorized
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Cabot buys back Inland Empire warehouses for $202M

Cabot Properties has bought back three warehouses that it had sold to Link Logistics in the Inland Empire, plus another one, for $202 million The Boston-based investor purchased the fully leased 670,000-square-foot portfolio of four ...

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  • 08 Nov
  • The Real Deal
  • Uncategorized
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Kanye West picks up 11-bedroom estate in Beverly Park for $35M

Will Kanye West, who gutted a Tadao Ando-designed home in Malibu, trash the 20,000-square-foot estate he just bought in Beverly Park for $35 million? The rapper and fashion designer who now goes by Ye bought the estate once owned by ...

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  • 08 Nov
  • The Real Deal
  • Uncategorized
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