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Month: January 2025

Douglas Emmett buys Murdock Plaza in $131M deed-in-lieu sale

Santa Monica-based real estate investment trust Douglas Emmett bought Murdock Plaza at 10900 Wilshire Boulevard from Tishman Speyer through a deed-in-lieu of foreclosure, The Real Deal has learned. The 17-story office tower at the ...

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  • 27 Jan
  • The Real Deal
  • Uncategorized
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SoCal agent hit with price gouging charge as law limits rents

Attorney General Rob Bonta has filed the first price-gouging charges related to the fires, accusing La Cañada-Flintridge real estate agent Mike Kobeissi of raising the monthly rent on a property by 38 percent, the Los Angeles Times ...

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  • 27 Jan
  • The Real Deal
  • Uncategorized
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DTLA to welcome federal workforce back to the office

Downtown Los Angeles could become livelier as federal workers return to more than 1 million square feet of offices across the city next month. The U.S. Office of Personnel Management gave federal agencies 30 days to comply with ...

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  • 27 Jan
  • The Real Deal
  • Uncategorized
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Trump enters LA’s decades-old development fray during fire tour

President Donald Trump ripped into state and local red tape in remarks about development during his visit to fire-ravaged Los Angeles, as he urged L.A. Mayor Karen Bass to move faster in helping residents who lost their homes to ...

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  • 27 Jan
  • The Real Deal
  • Uncategorized
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Jeremy Piven lists Mount Olympus home for $10M

Actor Jeremy Piven is looking to move from his perch high up in the Hollywood Hills neighborhood of Mount Olympus. Piven, known for playing Hollywood agent Ari Gold in the HBO series “Entourage,” put his home on the market Thursday, ...

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  • 24 Jan
  • The Real Deal
  • Uncategorized
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Trump seeks leverage with disaster aid ahead of LA visit

President Donald Trump has threatened to withhold federal aid for the thousands of Los Angeles-area residents who lost their homes in this month’s historic wildfires. The newly installed president, slated to appear in Los Angeles today ...

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  • 24 Jan
  • The Real Deal
  • Uncategorized
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What’s LA real estate’s role in fire rebuild efforts?

Some of Los Angeles real estate’s biggest names are hoping the industry can activate around fire rebuilding efforts. At stake is the fabric of communities in which many of them live and do business. “We have some of the brightest minds ...

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  • 24 Jan
  • The Real Deal
  • Uncategorized
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Hyundai America’s R&D unit leases 92K sf warehouse in Irvine

Hyundai America Technical Center has leased a 91,600-square-foot distribution warehouse about to open in Irvine. The unit of South Korea-based Hyundai Motor Group pre-leased the industrial building at the LogistiCenter at Irvine II at ...

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  • 24 Jan
  • The Real Deal
  • Uncategorized
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Bell Partners nabs $73M refinancing for Inglewood apartments

Bell Partners has snagged a $73 million loan to refinance a 216-unit apartment building in Inglewood. The North Carolina-based investor secured the loan secured by the six-story complex at 1622 Aviation Boulevard, southeast of Los ...

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  • 23 Jan
  • The Real Deal
  • Uncategorized
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Drake to rent 20-acre Beverly Crest estate for $250K per month

After two years of trying to sell his 20-acre Beverly Crest estate for $88 million, Drake has hung a “For Rent” sign. The asking: $250,000 a month. The Canadian rapper, whose full name is Aubrey Drake Graham, wants to rent out his ...

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  • 23 Jan
  • The Real Deal
  • Uncategorized
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