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Month: December 2024

JLL finds data center developers interested in SoCal suburbs

Southern California developers see a ripe opportunity in building data centers, with a vacancy rate in the Los Angeles market at 4 percent in the first half of the year, according to a JLL report.  While greater Los Angeles has lagged ...

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  • 13 Dec
  • The Real Deal
  • Uncategorized
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MW Investment looks to build 169 townhomes in Duarte

MW Investment Group wants to build 169 townhomes on a former school site in Duarte. Crestfield Townhomes, an affiliate of the Laguna Beach-based developer led by Matthew Waken, has filed plans to build the three-story complex at 1433 ...

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  • 13 Dec
  • The Real Deal
  • Uncategorized
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Netflix debuts murder mystery series about LA real estate

There’s a new TV show about L.A. real estate — only it’s meant to tickle your funnybone. “No Good Deed,” produced by comedian, actress and producer Liz Feldman, is a real estate black comedy set in one of the country’s “most annoying” ...

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  • 12 Dec
  • The Real Deal
  • Uncategorized
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Home repair costs rise 40% across California in five years

California homeowners are seeing sticker shock on the price of home repairs. The cost of repairing a single-family home has jumped 40 percent since 2019, compared to a 16 percent rise in the previous five years, the Orange County ...

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  • 12 Dec
  • The Real Deal
  • Uncategorized
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CBRE’s Laurie Lustig-Bower and Tim Bower to retire as a couple from brokerage

CBRE’s Laurie Lustig-Bower and Tim Bower have enjoyed a long journey through L.A. commercial real estate, but the trip is coming to an end. The married couple will retire together this month from CBRE’s Century City office where they ...

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  • 06 Dec
  • The Real Deal
  • Uncategorized
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Report pulls Jason Oppenheim into Douglas Elliman lawsuit

Jason Oppenheim waived off a report that ties him to a Douglas Elliman lawsuit accusing a former top escrow executive of engaging in a kickback scheme. The “Selling Sunset” star was cited in a report from Inman on Friday that alleges ...

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  • 06 Dec
  • The Real Deal
  • Uncategorized
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Home buying across SoCal increases, despite near record prices

Despite higher prices, a growing number of home buyers across Southern California are signing deals. Home sales across the six-county region rose 10 percent in October to 14,662 deals, compared to the prior month, with prices at a ...

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  • 06 Dec
  • The Real Deal
  • Uncategorized
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1784 Holdings nabs $41M loan for self-storage facility in San Gabriel

1784 Holdings has snagged a $41.3 million loan to build a 132,200-square-foot self-storage building in San Gabriel. The Scottsdale-based developer led by Shane Albers secured the bridge loan from lender Extra Space Storage for the ...

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  • 06 Dec
  • The Real Deal
  • Uncategorized
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Bel-Air spec mansion with parking for 50-plus cars asks $40M

In Southern California’s car culture, a Bel-Air spec mansion listed for just under $40 million might be an aficionado’s dream house. The 20,000-square-foot home at 677 Nimes Road went on the market touting parking to accommodate more ...

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  • 05 Dec
  • The Real Deal
  • Uncategorized
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Thrive expects 15% savings with modular apartments in Chinatown

Thrive Living is building a prefabricated apartment building in Chinatown, where it expects the prefab method will cut 15 percent from the construction budget. Thrive, a Los Angeles-based unit of Magnum Real Estate Group of New York, ...

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  • 05 Dec
  • The Real Deal
  • Uncategorized
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