Month: February 2025

Beverly Hills-based Bolour announced it sold a four-story office building near Interstate 5 in Mission Viejo. Hua Yu’s Eagle Hua bought the 71,500-square-foot property known as Cerro at 27401 Los Altos for $23.9 million, according to property records filed with the Orange County clerk-recorder, according to the Orange County Business Journal. Bolour paid $21.5 million…

Beverly Hills mega mixed-use project One Beverly Hills landed $300 million in mezzanine financing from Vici Properties to help push the 17.5-acre luxury development forward. Vici is using cash and a draw-down of funds on an existing revolving credit facility for the funding in news first reported by Bloomberg. New York-based Vici owns multiple properties…

Mack Real Estate Development has moved forward with plans to build a 51-story apartment tower in Downtown Los Angeles. The New York developer got a green light from the Los Angeles City Planning Commission to build the 536-unit high rise at 1105-1123 South Olive Street, Urbanize Los Angeles reported. The towers are part of a…

State Insurance Commissioner Ricardo Lara has turned down a request by State Farm General to raise home insurance rates by an average of 22 percent because of the Los Angeles wildfires. Lara denied the increase to the unit of Illinois-based State Farm Mutual Automobile Insurance, saying the company failed to prove it was warranted, the…

East End Studios has moved forward with a plan to build a $1 billion film studio in L.A.’s Arts District. The unit of New York-based East End Capital was approved by the Los Angeles City Planning Commission to build the 720,400-square-foot studios at 1338 East 6th Street and 1321 Wholesale Street, in Downtown, Urbanize Los…

The California Municipal Finance Authority is claiming default on The Preserve at Woodland Hills, a 50-unit assisted living complex in Woodland Hills, The Real Deal has learned.  The agency filed a default notice on the 33,300-square-foot property, located at 6221 Fallbrook Avenue, on Jan. 21, property records show. The owner of the asset, an entity…

A multifamily investor tried his hand at single-family residential and has found a buyer willing to pay $22.3 million for the remodeled Brentwood estate. Sean Kia, co-founder and principal of multifamily investor Tides Equities, turned the home at 414 South Cliffwood Avenue less than four months after placing it on the market for $25.5 million,…

Putting a herd of goats on a hillside in Southern California is easier said than done. That’s what the Malibu City Council learned last week from Los Angeles County Assistant Fire Chief Andrew Smith, who has helped trot out hoofed herbivores around the 69 Bravo Helistop in Topanga and other parts of the Santa Monica…

Mayoral candidate Rick Caruso lambasted the California Environmental Quality Act, or CEQA, calling the environmental law a major obstacle to development across Los Angeles. Now The Grove, a Fairfax shopping center owned by the billionaire developer, has used the 55-year-old state law to try to block the $1.25 billion redevelopment of the Television City studios…

Mack Real Estate Development and AECOM have moved forward with plans to build a 51-story apartment tower in Downtown Los Angeles. The New York- and Dallas-based developers got a green light from the Los Angeles City Planning Commission to build the 536-unit highrise at 1105-1123 South Olive Street, Urbanize Los Angeles reported. The towers are…