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Month: April 2025

California landlords: “Nice try” after rent control bill meets sudden death

A bill that would have tightened price controls on rental housing in California and expanded eviction protections died suddenly Tuesday after landlords and pro-housing allies mounted a furious attack in Sacramento. Assemblymember Ash ...

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  • 30 Apr
  • The Real Deal
  • Uncategorized
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Santa Monica launches debate over post-airport future

Should the 227-acre Santa Monica Airport be turned into a public park, hundreds of homes or both? That’s the debate being waged in the coastal city, which must determine the future of the controversial airport set to close in 2028 at ...

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  • 30 Apr
  • The Real Deal
  • Uncategorized
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Fenway Capital pays $130M for Entrada

Lincoln Property Company and its joint venture partner, Goldman Sachs affiliate Broad Street Principal Investments, have cashed in on the 11-story Entrada in Culver City, The Real Deal has learned. Fenway Capital Advisors paid $130 ...

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  • 30 Apr
  • The Real Deal
  • Uncategorized
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LA County retail vacancy rate rises to 6% amid growing trade war

A growing number of storekeepers are walking away from shops across Los Angeles County as the nation’s trade war with China deepens. The retail vacancy rose more than 2 percent last quarter to 6.1 percent from the prior period, and 10 ...

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  • 30 Apr
  • The Real Deal
  • Uncategorized
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S&P dents LA’s bond ratings as city faces $1B budget shortfall

S&P Global Ratings has dinged L.A.’s bond ratings as the city wrestles with a nearly $1 billion budget shortfall. The New York-based credit agency lowered Los Angeles’ long-term rating on its general obligation bonds to AA-, from ...

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  • 29 Apr
  • The Real Deal
  • Uncategorized
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Hidden Valley Ranch maker moving HQ to Irvine Company property

Ventura Foods is moving to larger offices in Irvine, more than doubling the size of its corporate headquarters. The Brea-based food manufacturer has leased a 60,000-square-foot office hub in the Irvine Company’s Spectrum Terrace at ...

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  • 29 Apr
  • The Real Deal
  • Uncategorized
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Los Angeles County leads nation in coworking offices

Greater Los Angeles has more coworking offices than any city in the nation — with more shared offices in the pipeline. The L.A. region had 304 coworking locations in the first quarter, up from 292 in the prior period, L.A. Business ...

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  • 29 Apr
  • The Real Deal
  • Uncategorized
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Aussie billionaire James Packer’s Beverly Hills manse sells for $60M

A Beverly Hills home once rented by Jennifer Lopez and Ben Affleck sold on Monday for $60 million, The Real Deal has learned. The purchase price of 1028 Ridgedale Drive is down from its original 2023 ask of $85 million, but is now the ...

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  • 28 Apr
  • The Real Deal
  • Uncategorized
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Kanye West’s former Malibu home with $39M ask officially goes into contract

The former Malibu home of Ye, previously known as Kanye West, topped last week’s list of signed contracts in Los Angeles County, with the Tadao Ando-designed property asking $39 million. That’s according to the Eklund Weekly Luxury ...

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  • 28 Apr
  • The Real Deal
  • Uncategorized
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Newport Beach investor hits $71M jackpot on land sale to Microsoft

A Newport Beach-based investor hit the jackpot on the data center trend, fetching $71 million from Microsoft for 300 open acres it carved off an industrial development in Nevada. Mark IV Capital, a commercial real estate-focused ...

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  • 28 Apr
  • The Real Deal
  • Uncategorized
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  • Recent Posts

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