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Month: January 2025

Five banks offer mortgage reprieve to LA’s fire-ravaged residents

Some of the nation’s largest banks are offering mortgage relief for homeowners across fire-ravaged neighborhoods in Los Angeles County. Bank of America, Citi, JPMorgan Chase, U.S. Bank and Wells Fargo will have a streamlined process, ...

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  • 23 Jan
  • The Real Deal
  • Uncategorized
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Entity tied to Hankey Capital pays $29M for Malibu mansion

An entity tied to Hankey Capital has bought a beachside Malibu mansion for $29 million, The Real Deal has learned.  The property at 28034 Sea Lane Drive is a 4,300-square-foot beachfront home just south of Paradise Cove, a wealthy ...

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  • 22 Jan
  • The Real Deal
  • Uncategorized
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Industrial slump pushes Southern California vacancy up to 5.1%

Vacancy within the vast warehouses and manufacturing buildings blanketing Southern California has hit 5.1 percent, as occupancy has diminished for the last three years. The end of last year marked the 11th consecutive quarter of rising ...

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  • 22 Jan
  • The Real Deal
  • Uncategorized
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Typical house payment reaches $7,700 in Orange County

Would-be home buyers in Orange County encounter an extremely steep hill to find an affordable house, with mortgage payments more than doubling in five years. A typical OC buyer in November had a monthly payment of $7,700, assuming a 20 ...

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  • 22 Jan
  • The Real Deal
  • Uncategorized
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Homes & Hope eye affordable housing near Hollywood Burbank Airport

Homes & Hope wants to build a 60-unit affordable housing complex in Burbank. The Ventura-based affordable housing developer has filed plans for the three- and four-story complex at 2321-2335 North Fairview Street, east of ...

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  • 21 Jan
  • The Real Deal
  • Uncategorized
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Oaktree Capital lands $24M in C-PACE finance for DTLA office tower

Oaktree Capital Management has scored $24 million in C-PACE financing to renovate a 48-story office tower it seized two years ago in a foreclosure in Downtown Los Angeles. The locally based investor secured the retroactive Commercial ...

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  • 21 Jan
  • The Real Deal
  • Uncategorized
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Brentwood estate asking $35M tops LA home contracts

Signed contracts for luxury homes in Los Angeles County resumed as the holidays fade from memory and rebuilding efforts begin in fire-torn areas. The Eklund Weekly Luxury Report Los Angeles counted 26 new signed contracts in the County ...

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  • 21 Jan
  • The Real Deal
  • Uncategorized
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Bass appoints developer Steve Soboroff to rebuild LA from the ashes

One leading Los Angeles developer has been tasked with leading the rebuilding of Pacific Palisades and surrounding areas after the L.A. wildfires: Steve Soboroff. Mayor Karen Bass named the managing director of Soboroff Partners and ...

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  • 20 Jan
  • The Real Deal
  • Uncategorized
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Owner wants to stuff granny flats under landmark LA apartments

The owner of a historic apartment building in L.A.’s Windsor Square wants to add eight granny flats to its basement. Allen Gross has filed plans to add the accessory dwelling units beneath the Los Altos Apartments at 4121 Wilshire ...

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  • 20 Jan
  • The Real Deal
  • Uncategorized
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LA brokers find rentals for fire victims through pocket listings

It’s not just about location. It’s about who you know. In the aftermath of the massive Los Angeles area wildfires that torched at least 12,000 structures, real estate agents are placing refugees in homes through pocket listings, also ...

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  • 20 Jan
  • The Real Deal
  • Uncategorized
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