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Month: February 2025

Former CBRE, Cushman CEO Brett White asks $16M for Thousand Oaks estate

Brett White’s Lake Sherwood estate offers the kind of exclusivity and resort qualities associated with the properties operated by the development firm he helms. Now CEO of Discovery Land Company after six years as Cushman & ...

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  • 24 Feb
  • The Real Deal
  • Uncategorized
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LA’s affordable housing push hits roadblock in the San Fernando Valley

Mayor Karen Bass has collided with major resistance from homeowners and drawn legal challenges from developers over plans to build nearly 2,400 affordable apartments in the San Fernando Valley to address L.A.’s housing shortage. ...

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  • 21 Feb
  • The Real Deal
  • Uncategorized
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Mike Barry gets nod for seven-story hotel in Koreatown

Koreatown landlord Mike Barry has gotten a green light to build a six-story hotel, with an extra seventh floor featuring apartments on top, a reversal from a previous plan to go all-in on the lodging aspect. Owner Mike Barry was ...

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  • 21 Feb
  • The Real Deal
  • Uncategorized
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From bungalows to mansions, wildfire damage projected to reach $30B

The tally is in for the firestorms that swept through half of Altadena and the Pacific Palisades: up to $30 billion in real estate losses. The Eaton and Palisades fires last month torched 9,700 single-family homes and condominiums, ...

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  • 21 Feb
  • The Real Deal
  • Uncategorized
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Palisades land listings projected to sore. But how will wildfires impact pricing?

A raft of Pacific Palisades land listings has flooded the market, drawing big interest from buyers. Nineteen land listings are up for sale, with many of those properties hitting the MLS in the past two weeks, according to data provided ...

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  • 21 Feb
  • The Real Deal
  • Uncategorized
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Son of billionaire lists WeHo manse, Bel-Air lot for $102M

The son of a Colombian banking billionaire has listed a 13,900-square-foot hillside mansion in West Hollywood for $63 million, along with a 1.3-acre lot in Bel-Air for $39 million. Josh Gilinski, a son of banker Jaime Gilinski Bacal, ...

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  • 21 Feb
  • The Real Deal
  • Uncategorized
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Caruso nonprofit to provide free pre-fab homes in LA County

A foundation set up by billionaire developer Rick Caruso has planted a stake to rebuild single-family homes within Los Angeles burn zones, rather than change the housing makeup by erecting apartments. Steadfast LA, the nonprofit ...

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  • 20 Feb
  • The Real Deal
  • Uncategorized
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$100M debt tied to Ron Burkle’s The Line LA in default

Lender Corten Real Estate Partners is threatening to show Ron Burkle the door at Soho House & Co.’s swanky The Line LA hotel in Koreatown, The Real Deal has learned. RECP Sydell Wilshire — a Delaware shell company tied to the ...

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  • 20 Feb
  • The Real Deal
  • Uncategorized
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Is LA’s luxe resi barreling toward a buyer’s market?

Los Angeles’ luxury inventory is creeping up. Demand is a different story. The supply-demand imbalance, reflected in the latest Eklund Weekly Luxury Report Los Angeles, offers signs of a possible slide to a buyer’s market with 114 new ...

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  • 19 Feb
  • The Real Deal
  • Uncategorized
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LA Planners greenlight Cityview’s 500-unit Westchester apartment plan

Cityview’s plans for a nearly 500-unit apartment building on a block in Westchester received the OK from the Los Angeles City Planning Commission. The commission’s vote earlier this month now paves the way for Cityview to redevelop the ...

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  • 19 Feb
  • The Real Deal
  • Uncategorized
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