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Month: March 2025

Bascom pays $500K per unit for Palos Verdes multifamily

The Bascom Group has picked up a 257-unit apartment complex in Rancho Palos Verdes for $127 million, with plans to renovate its 53-year-old interiors. The Irvine-based private equity firm bought the Highridge Apartments at 28125 ...

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  • 06 Mar
  • The Real Deal
  • Uncategorized
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Consortium to bring mixed-use project to South LA, with 4-acre park

A consortium of developers has updated plans to build hundreds of homes in a mixed-use village in South Los Angeles, with fewer units and a larger park than initially envisioned.   The joint venture led by the locally based Bakewell ...

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  • 06 Mar
  • The Real Deal
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“Unprecedented building boom” in fire rebuild areas to bring permitting pains

Architect Marija Volkman said she and her peers are sifting through pictures and homeowner memories to piece together enough intel to draft a sketch as the nascent stages of rebuilding begin post-wildfires.  “Our job as architects is ...

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  • 06 Mar
  • The Real Deal
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Emile Haddad reenters with Bulgari on $1B resort in Exumas

Emile Haddad, founding CEO of Irvine-based FivePoint Holdings, has made a $1 billion bounceback from retirement — on a 220-acre island in the Bahamas. The 66-year-old developer has launched a venture to build a Bulgari luxury resort on ...

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  • 06 Mar
  • The Real Deal
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DOGE axes 125K sq of federal offices in DTLA, Sawtelle

The federal government is backing out of half a million square feet of leases in California in the name of efficiency, according to a “wall of receipts” posted on DOGE’s website Monday. Los Angeles landlords Oaktree Capital Management, ...

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  • 06 Mar
  • The Real Deal
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LA planners OK 300+ apartments in place of single-family home in Valley

An affiliate of JZA Architecture has beat back an appeal trying to block a 332-unit affordable senior apartment building in West Hills. JZ Development, based at the Culver City-based architecture firm led by Jeff Zbikowski, won support ...

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  • 05 Mar
  • The Real Deal
  • Uncategorized
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LA County hotel development balks at inflation, interest rates

While hotel development across the state has stalled, Los Angeles leads in new hotel openings and lodging under construction ahead of the 2026 FIFA World Cup and 2028 Olympics. Los Angeles County had the highest number of new hotels ...

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  • 05 Mar
  • The Real Deal
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Newsom orders 4-day RTO for state workers, union calls him “reckless”

First President Donald Trump ordered federal workers back to the office. Now Gov. Gavin Newsom has called most of the state’s workers back to their desks nearly full time.   Newsom issued an executive order directing state workers to ...

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  • 05 Mar
  • The Real Deal
  • Uncategorized
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Bass recall effort fueled by discontent over wildfires, housing, safety

The recall effort to oust Los Angeles Mayor Karen Bass is heating up, with “major funding” coming from Nicole Shanahan, Robert F. Kennedy Jr.’s former running mate and ex-wife of Google co-founder Sergey Brin. Shanahan’s involvement ...

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  • 05 Mar
  • The Real Deal
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Rick Caruso to Altadena: you’ll be home before Palisades residents

Some Altadena residents impacted by the Eaton wildfire could return home in six months, billionaire businessman Rick Caruso said at a technology investment conference Tuesday. That’s likely far sooner than people can go back to the ...

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  • 05 Mar
  • The Real Deal
  • Uncategorized
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  • Recent Posts

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    • LA County greenlights self-certification for Altadena rebuilding May 8, 2025
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