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Month: May 2025

Skid Row housing org failure could spell doom for other nonprofits

The 2023 collapse of the Skid Row Housing Trust — which provided permanent single-room occupancy housing services to low-income people in the Skid Row area in Los Angeles — is under the magnifying glass in a damning new consultant ...

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  • 21 May
  • The Real Deal
  • Uncategorized
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Delayed evacuation, Edison failures under scrutiny in wake of deadly Altadena wildfire

Nearly five months after the Eaton fire killed 18 people — 17 of them in west Altadena — investigations continue into what went wrong. Mounting evidence suggests that human error, rather than a technical malfunction, was at the heart ...

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  • 21 May
  • The Real Deal
  • Uncategorized
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State Farm seeks 30% home insurance rate hike in California

It wasn’t enough for State Farm General to win approval to hike homeowner rates by 17 percent this month. Now the insurer wants to jack up rates by another 13 percent. The unit of Illinois-based State Farm Mutual Automobile Insurance ...

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  • 21 May
  • The Real Deal
  • Uncategorized
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Diddy’s mansion lingers on LA market for 250 days at $62M

Luxury broker Kurt Rappaport has for more than 250 days tried to convince buyers to pay $61.5 million for the Holmby Hills mansion owned by Sean “Diddy” Combs, on trial for sex trafficking.  But the co-founder of Westside Estate Agency ...

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  • 21 May
  • The Real Deal
  • Uncategorized
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At ICSC, retail smiles through headache of macro uncertainties

“Parties tell you the story,” said NewMark Merrill Companies founder and CEO Sandy Sigal as he held court at his event Monday night on the Las Vegas Strip. “Forget all the statistics and everything else. People are out to have fun and ...

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  • 21 May
  • The Real Deal
  • Uncategorized
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SoCal commercial real estate market buffered by economic turbulence

The Southern California commercial real estate market faces growing uncertainty because of tariffs, high interest rates and surging construction costs made worse by recent wildfires. The economic challenges have unsettled a market ...

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  • 21 May
  • The Real Deal
  • Uncategorized
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Planned Viper Room redevelopment site in WeHo goes into foreclosure

A massive mixed-use redevelopment project for a strip of West Hollywood that includes The Viper Room is up in the air as the property heads to foreclosure.  Silver Creek Development’s 8850 Sunset project, which received final approval ...

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  • 21 May
  • The Real Deal
  • Uncategorized
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Stream Realty OK’d for 100K sf warehouse in Cudahy 

Stream Realty Partners has been approved to build a 100,000-square-foot speculative warehouse in Cudahy. The Dallas-based developer secured entitlements from Gateway City to build the two-story  industrial building at 4900 Cecilia ...

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  • 20 May
  • The Real Deal
  • Uncategorized
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Ruins of Mohamed Hadid’s failed Bel-Air mansion up for auction

Bel-Air’s most famous unfinished acropolis is up for auction once again, The Real Deal has learned. Paul Ventura’s Sahara Construction is selling the 1.2-acre site of Mohamed Hadid’s failed spec mansion at 901 Strada Vecchia Road in a ...

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  • 20 May
  • The Real Deal
  • Uncategorized
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Airline seatmaker leases 280K sf warehouse in Huntington Beach

Elevate Aircraft Seating has signed a deal for a 280,500-square-foot warehouse in Huntington Beach. The airline seat manufacturer based near Seattle has signed a lease for the two-story office and warehouse at the McDonnell Center ...

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  • 20 May
  • The Real Deal
  • Uncategorized
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  • Recent Posts

    • Skid Row housing org failure could spell doom for other nonprofits May 21, 2025
    • Delayed evacuation, Edison failures under scrutiny in wake of deadly Altadena wildfire May 21, 2025
    • State Farm seeks 30% home insurance rate hike in California May 21, 2025
    • Diddy’s mansion lingers on LA market for 250 days at $62M May 21, 2025
    • At ICSC, retail smiles through headache of macro uncertainties May 21, 2025
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