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Month: May 2025

USC saves view of LA Coliseum sign after clash with developer, city

The University of Southern California and developer Hamid Razipour have settled a years-long battle over a five-story development that would have obstructed the iconic L.A. Memorial Coliseum sign. The school bought the triangular ...

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  • 15 May
  • The Real Deal
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Tesla re-ups lease of 82K sf Santa Monica service center

Elon Musk’s Tesla is doubling down on its 82,000-square-foot service center in Santa Monica.   The Austin-based electric vehicle carmaker renewed its lease for the two-story industrial building at 1100 Colorado Avenue, L.A. Business ...

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  • 15 May
  • The Real Deal
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Hotel designer asks $99K per month for Santa Monica beach pad

Kirk Lazarus, the designer behind ultra-luxe homes and resorts, is renting his Santa Monica home in what’s now one of the city’s priciest rental listings.   Lazarus, who is CEO and founder of Molori Design, is known for his high-end ...

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  • 15 May
  • The Real Deal
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Feds to sell landmark Spring Street Courthouse in DTLA

Uncle Sam wants to unload a landmark federal courthouse in Downtown Los Angeles in what appears to be a fire sale. The U.S. General Services Administration has listed the 17-story, 751,800-square-foot Spring Street Courthouse for ...

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  • 14 May
  • The Real Deal
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Rams owner Stan Kroenke eyes Olympics broadcast center, film studio in Inglewood

Billionaire Stan Kroenke wants to build a state-of-the-art film and TV studio at Hollywood Park in Inglewood, just in time for the upcoming Olympics. The owner of the Los Angeles Rams and SoFi Stadium has filed plans to build Hollywood ...

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  • 14 May
  • The Real Deal
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Eaton fire victims, others claim insurance adjuster stole repair money 

The California Department of Insurance has accused an Encino-based insurance adjuster of stealing insurance funds from Eaton fire victims and other residents looking to repair their homes.  The department has filed a lawsuit against ...

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  • 14 May
  • The Real Deal
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State Farm approved for 17% rate hike amid California “insurance crisis”

Homeowners will bear the brunt of responsibility in shoring up the financial gaps for State Farm General after the California insurance commissioner sided with an administrative law judge ruling to allow an emergency 17 percent rate ...

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  • 13 May
  • The Real Deal
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Optimus scores $22M refinancing for South LA shopping center

Optimus Properties has landed a $21.5 million loan to refinance a 77,100-square-foot shopping center in South Los Angeles for $292 per square foot — double what some Class A offices fetch in Downtown L.A. The Century City-based secured ...

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  • 13 May
  • The Real Deal
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Landmark, Stockbridge drop $100M for student housing properties near USC

Landmark Properties and Stockbridge Capital Group have joined forces on a $100 million deal to buy two student apartment complexes in University Park, near University of Southern California.  Georgia-based Landmark and San ...

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  • 13 May
  • The Real Deal
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Late philanthropist couple’s Bel-Air manse listed for $35M goes into contract

A Bel-Air estate owned by a trust tied to local philanthropists served as last week’s top home that went into contract, with a $34.8 million asking price.  That’s according to a report from Douglas Elliman’s Eklund Gomes team, which ...

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  • 13 May
  • The Real Deal
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  • Recent Posts

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    • 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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