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Month: April 2025

Joe Wen’s Formosa buys twin office towers in Newport

Joe Wen loves big buildings. Seven months after buying a 34-story office tower in San Diego, the owner of the biggest house in Orange County bought two 10-story towers in Newport Beach. The owner of Taiwan-based conglomerate Formosa ...

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  • 11 Apr
  • The Real Deal
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Corona del Mar resi market sees another record: “people pay for perfect”

Another residential record hit the Corona del Mar market Friday. That’s when 1615 Bayadere Terrace in Corona del Mar sold for just under $20 million. The deal marks the Irvine Terrace community’s priciest-ever sale, according to ...

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  • 11 Apr
  • The Real Deal
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Industrious adds coworking office on Rodeo Drive in deal withDouglas Emmett

Industrious is betting workers want to share offices in Beverly Hills. The New York-based coworking firm just acquired by CBRE will occupy 16,000 square feet of offices at 150 South Rodeo Drive, south of the Golden Triangle, the ...

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  • 11 Apr
  • The Real Deal
  • Uncategorized
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LA offers $20K for illegal squatters to leave El Sereno houses

Squatters who settled into vacant homes owned by the state in El Sereno five years ago face eviction while being offered $20,000 each in public funds to pack up and leave. Los Angeles County judges have ruled against several members of ...

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  • 11 Apr
  • The Real Deal
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How 2 real estate agents built high-end business thru Instagram DMs

Agents Weston Littlefield and Alex Howe didn’t grow up in L.A. Making inroads into the high-end residential market came one Instagram direct message at a time. How agents are using social media to generate leads and close deals isn’t ...

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  • 11 Apr
  • The Real Deal
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LA Convention Center overhaul moves forward — with $2.2B tab

A plan to revamp the Los Angeles Convention Center has moved forward — at a cost of $2.2 billion, more than four times its price tag three years ago. The Los Angeles City Council voted to spend $27.7 million on design and engineering ...

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  • 10 Apr
  • The Real Deal
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Federal cleanup of Altadena to be completed ahead of schedule

Federal crews sweeping away tons of ash and debris in Altadena are ahead of schedule after the firestorm early this year that burned down 9,000 mostly single-family homes. The U.S. Army Corps of Engineers has removed the wreckage from ...

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  • 10 Apr
  • The Real Deal
  • Uncategorized
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LA industrial stable for now, braces for more Trump tariff trauma

Industrial landlords across Los Angeles County are hanging on to their hats — bracing for stiff winds from President Donald Trump’s trade tariffs after the first dip in the vacancy rate in two years. Industrial vacancy fell 0.1 percent ...

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  • 10 Apr
  • The Real Deal
  • Uncategorized
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Rents rise 5 times faster near LA burn areas than year ago

Landlords of apartments surrounding the tens of thousands of homes burned in the Los Angeles County fires early this year have jacked up rents five times faster than a year ago. Rents in 16 communities in Los Angeles and Ventura ...

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  • 09 Apr
  • The Real Deal
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Appeals panel questions order to build housing at VA campus

A federal judge may have overstepped his bounds in ordering the U.S. Department of Veterans Affairs to build housing at its West Los Angeles campus. That was suggested by a three-judge panel of the 9th Circuit Court of Appeals, which ...

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  • 09 Apr
  • The Real Deal
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  • Recent Posts

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