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Month: February 2025

Recovery czar denies accusation Mayor Bass “lied” about pay

To lie or not to lie about $5,556-a-day in pay, that is the question between Los Angeles Mayor Karen Bass and Steve Soboroff, the city’s wildfire recovery czar. Soboroff, L.A.’s chief recovery officer, told a crowd at Harvard-Westlake ...

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  • 26 Feb
  • The Real Deal
  • Uncategorized
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Primestor closes $215M fund for mixed-income housing in LA

Culver City-based Primestor Development is getting ready to swing hammers in Los Angeles after raising $215 million to invest in new multifamily projects near public transit, The Real Deal has learned. Primestor closed its Urban Vision ...

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  • 26 Feb
  • The Real Deal
  • Uncategorized
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JH Real Estate buys Pico Rivera mall for $37.5M

Newport Beach-based firm JH Real Estate Partners bought Village Walk Center, a 133,000-square-foot mall in Pico Rivera, for $37.5 million, The Real Deal has learned. The deal for the property, with the addresses of 8500, 8540, 8580 ...

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  • 26 Feb
  • The Real Deal
  • Uncategorized
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Paul Tran pitches 222-unit apartment complex in Mid-Wilshire

A Lakewood developer wants to build a 222-unit apartment complex in Mid-Wilshire. A limited liability company led by Paul Tran has filed plans to build the eight-story building at 4201 West Pico Boulevard, Urbanize Los Angeles ...

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  • 25 Feb
  • The Real Deal
  • Uncategorized
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Forever 21 to shut HQ at Brookfield complex

Beleaguered Forever 21 may not be forever–and it definitely does plan to close its headquarters in Downtown Los Angeles. The apparel retailer will shutter its share of a fashion hub at the California Market Center at 110 East 9th ...

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  • 25 Feb
  • The Real Deal
  • Uncategorized
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LA luxe resi contracts tally $120M as absorption lags

More inventory is piling into Los Angeles County’s luxury market as dealmaking struggles to keep pace. Douglas Elliman’s Eklund Gomes team reported 100 new single-family listings added to the market last week as some industry watchers ...

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  • 25 Feb
  • The Real Deal
  • Uncategorized
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Blackstone gets 8 OC retail centers in REIT buy

Blackstone has nabbed 93 shopping centers across the West Coast, including eight in Southern California, by acquiring the Retail Opportunity Investment Corporation for $4 billion. The New York-based investor acquired the San ...

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  • 25 Feb
  • The Real Deal
  • Uncategorized
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New dev group launches with heavyweights from The Agency, Official, Elliman

A new development firm backed by $40 billion in combined career volume and a portfolio at launch of $4 billion in real estate has launched. Redeavor enters the market offering development sales, advisory and capital services with a ...

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  • 25 Feb
  • The Real Deal
  • Uncategorized
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Gov. Newsom seeks $40B in fire disaster aid from feds

Gov. Gavin Newsom wants Uncle Sam to shower Los Angeles County with another $39.7 billion in fire disaster relief, while allies to President Donald Trump want strings attached to the funds, including one who wants to deflate a public ...

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  • 24 Feb
  • The Real Deal
  • Uncategorized
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Remote work still the norm for LA city workers 

Snarled traffic and lunch at Mike’s Deli on First Street were once par for the course for some 48,000 municipal employees clustered around the Civic Center in Downtown Los Angeles. That all changed when the city went on lockdown five ...

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  • 24 Feb
  • The Real Deal
  • Uncategorized
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  • Recent Posts

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