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Month: April 2025

Same old, same old for California when it comes to American Dream

Stop me if you’ve heard this one: The Golden State barely inches past the Empire State when it comes to the relative lack of home owners. The rate of homeownership in California was 55 percent from 2022 through 2024, beating out only ...

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  • 28 Apr
  • The Real Deal
  • Uncategorized
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Almquist lands first SoCal location of Asian grocer to anchor Great Park retail center

An Orange County developer with a budding reputation for spicing up retail centers with unique mixes of tenants has landed a key main ingredient for his latest curation at Great Park Neighborhoods in Irvine. Dan Almquist has landed ...

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  • 28 Apr
  • The Real Deal
  • Uncategorized
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LA tests streamlined permitting process in Pacific Palisades

This was a week to stay on top of the headlines if you’re a Los Angeles developer. On Friday, L.A. Mayor Karen Bass issued an emergency executive order aimed at accelerating rebuilding in the Pacific Palisades by doing away with permit ...

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  • 26 Apr
  • The Real Deal
  • Uncategorized
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Fires, tariffs ripple through LA office market

The Los Angeles office leasing market is currently heavily skewed in favor of tenants, as the region grapples with record-high vacancy rates.  At the start of 2025, countywide office vacancy hit 24.2 percent, according to the Los ...

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  • 25 Apr
  • The Real Deal
  • Uncategorized
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Orange County malls retool for mixed-use future

Multiple malls in Orange County are getting new lives with their empty retail spaces being replaced with housing and entertainment.  MainPlace Mall in Santa Ana exemplifies this shift, evolving into a mixed-use destination where people ...

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  • 25 Apr
  • The Real Deal
  • Uncategorized
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Lionext signs lease worth $22M for Santa Fe Springs warehouse

Lionext, a third-party logistics provider, has signed a 10-year lease for a 106,000-square-foot distribution center at 11650 Burke Street in Santa Fe Springs. The lease, with a total value of more than $22 million, covers a Class A ...

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  • 25 Apr
  • The Real Deal
  • Uncategorized
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Agents like to talk up luxe condo living. Is LA ready for it?

The Four Seasons Private Residences in Beverly Grove offers residents an IMAX theater for private screenings, 24-hour concierge, security and, of course, life in a property bearing one of the most storied brands in hospitality. As The ...

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  • 25 Apr
  • The Real Deal
  • Uncategorized
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Celebrity agent Carl Gambino eyes growth after over $400M year

Singer-songwriter Patti Smith offered a view into New York City’s always-evolving world of real estate when celebrity agent Carl Gambino was growing up. “I would sit on her [townhome’s] stoop, and she would sometimes talk about real ...

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  • 25 Apr
  • The Real Deal
  • Uncategorized
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Onni reconfigures LA’s Arts District project for apartments

Onni Group is moving forward with a residential-focused mixed-use development in the Arts District on the edge of Downtown Los Angeles.  The Vancouver-based developer submitted a new application to the City of Los Angeles, according to ...

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  • 24 Apr
  • The Real Deal
  • Uncategorized
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CPP buys Westlake workforce housing for $48M with eye on upgrades

Community Preservation Partners has acquired the Witmer Manor workforce housing complex in Los Angeles for $48.4 million. The complex at 1501 Miramar Street in the Westlake neighborhood consists of 142 studios and 96 one-bedroom units, ...

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  • 24 Apr
  • The Real Deal
  • Uncategorized
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