Month: May 2025

Heidi Montag and Spencer Pratt will likely not be able to afford rebuilding their 2,300-square-foot dream home torched by this year’s firestorm in the Pacific Palisades. The reality TV couple who starred in “Laguna Beach” and “The Hills” may not have the scratch to put their home back together at 1420 Chautauqua Boulevard, the Independent…

Los Angeles’ historic Fairfax Theatre is looking for a buyer after partial demolitions cleared the way for a new development.  The 29,000-square-foot lot, once home to the Art Deco venue at 7901-09 Beverly Boulevard, is on the market for $45 million, L.A. Business First reported. The building dates back to 1930 and closed in 2010…

The city of Beverly Hills is facing additional lawsuits from developers over builder’s remedy applications that they claim were unfairly denied.  Real estate limited partnerships 8800 Wilshire Associates, LP, and 8820 Wilshire Associates, LP filed complaints on March 27 in Los Angeles Superior Court alleging that Beverly Hills violated California’s Housing Accountability Act and Permit…

“There’s a lot of traffic,” a Las Vegas cab driver muttered as his foot tap danced on the brake Monday morning. About half an hour after the exhibition floor opened for the International Council of Shopping Centers’ annual ICSC Las Vegas confab at the Las Vegas Convention Center gridlock choked the streets surrounding the facility…

Landlords just can’t quit food and beverage tenants as upscale restaurants become the new anchor of luxury hotels.  That’s according to findings from JLL’s research team, which were presented Monday morning from the exhibitor floor at the Las Vegas Convention Center for the International Council of Shopping Center’s annual ICSC Las Vegas trade show and…

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 reveal the news Sunday during a panel at the International Council of Shopping…

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 post-wildfires, Malka mentioned the individuals and families displaced by the devastation that occurred in January. He…

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 building on Colorado Avenue.   Daum Commercial Real Estate Services Brokers Michael Collins and Dustin Hullinger represented the…

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 9,400 structures destroyed by the fire, Pasadena Now reported.  “We continue…

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 market-rate complex at 200 Mesnager Street in Chinatown, while Seattle-based Housing Diversity opened a 230-unit affordable complex at 1411 South Flower Street…