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Month: February 2025

USC buys Hebrew Union College campus for $35M

University of Southern California has bought a Hebrew Union College – Jewish Institute of Religion building next to its Exposition Park campus for $34.6 million in a buy-leaseback deal that requires the school to downsize and foot the ...

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  • 28 Feb
  • The Real Deal
  • Uncategorized
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Seminole Tribe fund buys 144-unit Miracle Mile asset for $68.4M

Seminole Real Estate Fund, an investment firm with links to the Seminole Tribe of Florida, has acquired the Vinz on Fairfax for $68.4 million, a 144-unit apartment complex in the Miracle Mile, The Real Deal has learned.  The property, ...

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  • 28 Feb
  • The Real Deal
  • Uncategorized
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LA wildfires could inflict $9B in economic damage to region

The Los Angeles County wildfires that torched more than 16,000 homes, businesses and other buildings last month could burn a $9 billion hole in the region’s economy, according to a study. The Los Angeles County Economic Development ...

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  • 28 Feb
  • The Real Deal
  • Uncategorized
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$40M Encino manse to set new listing record

A new record will be set in Encino with the planned listing next week of a nearly $40 million estate as some agents see more interest in the San Fernando Valley neighborhood from Westside residents. No other Encino listing on the ...

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  • 28 Feb
  • The Real Deal
  • Uncategorized
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Ohr Haemet eyes 150-unit affordable complex in LA’s Mid-City

Ohr Haemet plans to build a 150-unit affordable apartment complex in Mid-City. The Pico-Robertson-based nonprofit developer led by Rabbi David Akhamzadeh, filed plans to build the six-story building at 2600 South Robertson Boulevard, ...

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  • 27 Feb
  • The Real Deal
  • Uncategorized
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Ashford Hospitality scores $580M refi for 16 hotels

Ashford Hospitality Trust has snagged a $580 million loan to refinance 16 hotels in Florida and California, including one in Beverly Hills. The Dallas-based real estate investment trust secured the loan backed by the hotels, including ...

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  • 27 Feb
  • The Real Deal
  • Uncategorized
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Bolour kills hotel proposal, sells Hermosa Beach site for $33.5M

Beverly Hills-based Bolour Associates traded a 1-acre beachfront retail and short-term rental portfolio where it had been planning to develop a three-story hotel along The Strand in Hermosa Beach for $33.5 million, the company ...

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  • 27 Feb
  • The Real Deal
  • Uncategorized
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Funds flow in LA wildfire zones, but will it be enough? 

Carolwood Estates agent Nichole Shanfeld’s sister lost her homes in the Pacific Palisades and Malibu during January’s fires. Insurance will come up short for the property in Malibu — which saw about one-third of the city destroyed from ...

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  • 27 Feb
  • The Real Deal
  • Uncategorized
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State Farm faces more than $600M in losses from LA wildfires

State Farm General faces $612 million in losses from the wildfires that burned through thousands of homes in Los Angeles County last month. The state’s largest insurer, a unit of Illinois-based State Farm Mutual Automobile Insurance, ...

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  • 26 Feb
  • The Real Deal
  • Uncategorized
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Hudson Pacific to sell up to $150M in offices to pay debt

Hudson Pacific Properties is selling four office buildings for up to $150 million as it struggles with hundreds of millions in financial losses from low-performing office and studio properties. The Brentwood-based investor is shedding ...

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  • 26 Feb
  • The Real Deal
  • Uncategorized
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