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Month: December 2024

Real estate investors scramble for gold in the Mojave Desert

California, founded on a lust for gold, has a new yellow metal rush in the Mojave desert. In the Mojave town of Johannesburg, 140 miles north of Los Angeles, a stampede for gold has sparked a real estate boom, the Los Angeles Times ...

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  • 05 Dec
  • The Real Deal
  • Uncategorized
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Aaron Kirman stresses independence after Compass acquisition

Aaron Kirman took a major stand on his independence Tuesday, saying his brokerage, Christie’s International Real Estate Southern California, remains unchanged in ownership and leadership following Compass’ $444 million acquisition of ...

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  • 04 Dec
  • The Real Deal
  • Uncategorized
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Bonanni scores $108M in financing for apartment complex in Stanton

Bonanni Development has landed $108.4 million in financing for a new 300-unit apartment complex in Stanton.  The Huntington Beach-based developer landed the loans for VRV, a five-story mixed-use complex at 12736 Beach Boulevard, the ...

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  • 04 Dec
  • The Real Deal
  • Uncategorized
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Former AbbVie boss sells Hidden Hills estate for $22M

Former AbbVie CEO Richard Gonzalez sold his Hidden Hills home for $21.7 million in the pharma executive’s latest real estate move this year. The closing had been expected after the six-bed, 10-bath home at 24200 Hidden Ridge Road ...

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  • 04 Dec
  • The Real Deal
  • Uncategorized
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Consortium scores $473M bond financing for senior complex in Irvine 

A consortium of developers has landed $473 million in bond financing for a 350-unit luxury senior housing complex in Irvine, a record for single-site senior living bonds, according to JLL. Harbert South Bay Partners, Lamb Properties, ...

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  • 04 Dec
  • The Real Deal
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Max Nobel lists former Beverly Hills home of Kiss rocker Gene Simmons for $34M

Developer Max Nobel has chopped a third off the listing price of a Beverly Hills mansion once owned by Kiss rocker Gene Simmons. The new asking price: $34 million. The head of Nobel Architecture and Interior Design, based in Calabasas, ...

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  • 03 Dec
  • The Real Deal
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Fashionista’s Bel-Air manse listed at $43M caps LA contracts

A fashion designer’s 1920s Spanish-style home capped L.A. County signed contract activity during the short Thanksgiving holiday week. That’s according to the Eklund Weekly Luxury Report Los Angeles, which counts homes listed at $4 ...

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  • 03 Dec
  • The Real Deal
  • Uncategorized
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Diico Properties plans hotel-apartment complex in Santa Monica

Diico Properties has unveiled the look of a builder’s remedy hotel-apartment project in Santa Monica. The Beverly Hills-based developer led by Ely Dromy has revealed renderings of the eight-story building at 1420 20th Street, in ...

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  • 02 Dec
  • The Real Deal
  • Uncategorized
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Newmark hires two multifamily debt experts in Orange County 

Newmark expects to pile on the multifamily debt in Orange County. The New York-based brokerage and services firm is expanding its debt advisory platform in Southern California with two new multifamily advisors at its Irvine office, the ...

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  • 02 Dec
  • The Real Deal
  • Uncategorized
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Norwalk gives nod to 32-acre transit housing village

The City of Norwalk has greenlighted a plan to turn a former state youth jail into a 32-acre retail village. The Gateway City approved a specific plan to redevelop the former California Youth Authority prison into Norwalk Transit ...

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  • 02 Dec
  • The Real Deal
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