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Month: May 2025

Tech firm backed by Kimco, Nuveen looks to shatter “one-size-fits-all” leasing

New York tech firm Bonside nabbed equity investments from Kimco and Nuveen as it looks to place a new underwriting tool in the hands of more retail landlords, The Real Deal has learned. Bonside founder and CEO Neha Govindraj is set to ...

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  • 18 May
  • The Real Deal
  • Uncategorized
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CA Insurance Commissioner: “nothing is off the table” in resolving statewide crisis

Dan Malka of Engel & Völkers Beverly Hills made a comment this past week that stood out amid California’s worsening insurance crisis. In chatting with The Real Deal about his Santa Monica rental listing and the market in general ...

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  • 17 May
  • The Real Deal
  • Uncategorized
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Elon Musk’s Tesla re-ups Santa Monica industrial lease

The richest man in the world may have moved Tesla’s headquarters out of California, but the electric carmaker’s presence in the Golden State lives on. Tesla renewed its Santa Monica lease for a two-story, 82,000 square-foot industrial ...

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  • 17 May
  • The Real Deal
  • Uncategorized
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Army Corps’ Altadena home debris removal nearly half complete

Almost half of all ash and debris from homes in Altadena destroyed by the Eaton fire has been removed with the help of the U.S. Army Corps of Engineers.  Col. Sonny Avichal said the Corps has eliminated ash and debris from 4,250 of the ...

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  • 16 May
  • The Real Deal
  • Uncategorized
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DTLA adds 500 apartments, brings resi occupancy to 91%

Developers have just opened two apartment buildings with more than 500 combined units in Downtown Los Angeles, where residential occupancy rose to nearly 91 percent. Last quarter, Portland-based NBP Capital completed a 280-unit ...

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  • 16 May
  • The Real Deal
  • Uncategorized
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“Gross”: Tracy Tutor hits back at Leonard Steinberg on reality TV

Tracy Tutor has entered the ring in the public match over the intersection of real estate and reality television.  Last week, Compass’ Leonard Steinberg and Eleonora Srugo, a luxury broker at Douglas Elliman and star of Netflix’s ...

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  • 16 May
  • The Real Deal
  • Uncategorized
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Landlords ink two industrial leases for combined 200K sf in South LA, Harbor City

Two industrial landlords have sealed two leases for a combined 204,000 square feet in South Los Angeles and Harbor City in a growth market. Newport Beach-based Hager Pacific Properties closed a 108,000-square-foot distribution ...

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  • 16 May
  • The Real Deal
  • Uncategorized
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Hilton Universal City developer drops 18-story expansion plan after City Council approves wage hike

Sun Hill Properties is putting the kibosh on the planned 18-story expansion of the Hilton Los Angeles/Universal City complex in the face of rising hospitality wages.  The Studio City-based hotel developer pulled out after the Los ...

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  • 16 May
  • The Real Deal
  • Uncategorized
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Caltech plans 94K sf state-of-the-art lab in Pasadena

Pasadena could see a new 94,000-square-foot lab building spring up near the California Institute of Technology.  Trammell Crow Company submitted plans to erect a new academic facility for Caltech at 1364 East Green Street on land owned ...

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  • 16 May
  • The Real Deal
  • Uncategorized
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Newport Coast manse trades for $42M in OC’s priciest deal this year

An estate in Newport Coast’s tony Pelican Crest neighborhood was in the midst of massive construction when it sold this week for $42 million in what is Orange County’s priciest deal so far this year. The property at 1 Pelican Crest ...

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

    • Resi occupancy soars above pre-pandemic levels in Downtown LA May 22, 2025
    • Hines gets key approval on Arts District office project May 22, 2025
    • Construction doesn’t scare off buyer of $32M Bel-Air manse May 22, 2025
    • Damavandi’s Santa Monica resi plan gains weight May 22, 2025
    • Los Angeles hotel executives warn distress to follow wage hike May 22, 2025
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