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Month: May 2025

Mayor Karen Bass blasts everyone but herself for wildfire mishandling

Mayor Karen Bass foisted blame for the city’s mishandling of January’s deadly Los Angeles wildfires and their aftermath on everyone but herself. Bass called out the LA Department of Water and Power, the Los Angeles Fire Department and ...

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  • 07 May
  • The Real Deal
  • Uncategorized
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WEA, Beverly Hills Estates cut deal on $27M Malibu Colony home

A Cape Cod-style home in Malibu Colony sold this month for $26.8 million, making it the priciest on-market residential deal so far this year in the ritzy coastal city. The six-bed, five-bath home at 23736 Malibu Colony Road hit the ...

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  • 07 May
  • The Real Deal
  • Uncategorized
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Oil firm eyes homes, hotel near Bolsa Chica wetlands in Huntington Beach

California Resources Corporation wants to develop 92 acres of Huntington Beach’s pristine coast with an 800-unit hotel-retail village. The Long Beach-based energy company has filed plans to build the mixed-use development on industrial ...

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  • 07 May
  • The Real Deal
  • Uncategorized
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Bankrupt Rite Aid to market 1.3K stores, including dozens in LA County

After filing for its second Chapter 11 bankruptcy in two years, Rite Aid shoved 1,245 drug stores into the market, including 59 in Los Angeles County. The Philadelphia-based pharmacy chain is marketing its leased and owned stores after ...

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  • 07 May
  • The Real Deal
  • Uncategorized
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Carolwood flexes with new LA pocket listings portal, boasting $1B+ in inventory

Nick Segal’s sitting in the conference room of Carolwood Estates’ Beverly Hills headquarters, moving from his laptop screen to cell phone. He’s showing off the Carolwood Private Portal, which its agents have been quietly using for a ...

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  • 07 May
  • The Real Deal
  • Uncategorized
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Tracy Anderson’s Brentwood home asking $10M goes into contract

A Brentwood home doubling as a wellness retreat from seller and celebrity trainer Tracy Anderson is among last week’s top homes that went into contract. The Brentwood contemporary at 13162 Boca De Canon was last week’s second-biggest ...

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  • 07 May
  • The Real Deal
  • Uncategorized
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Qatar royals allegedly behind “lawless” Beverly Hills hotel plot

An Irish hotel investor has accused members of the royal family in Qatar of failing to pay him for work done for the The Maybourne Beverly Hills hotel. Businessman Patrick McKillen filed a federal lawsuit against the Qatari royals and ...

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  • 06 May
  • The Real Deal
  • Uncategorized
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Washington Prime Group’s Westminster Mall sale could stymie its immediate redevelopment

A decision by Washington Prime Group to sell its stake in the Westminster Mall in Orange County could put the kibosh on its immediate redevelopment. The Ohio-based investor has listed its share of the 1.2-million-square-foot indoor ...

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  • 06 May
  • The Real Deal
  • Uncategorized
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FEMA declines to lease apartments for LA wildfire survivors: report

After natural disasters, the Federal Emergency Management Agency often leases apartment buildings for survivors — but not in Los Angeles County, where wildfires torched 13,000 homes. Federal and state disaster officials didn’t ...

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  • 06 May
  • The Real Deal
  • Uncategorized
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Done deal: Carolwood, Westside Estate Agency close $110M Bel-Air deal

It’s a done deal. Former Crown Resorts chair James Packer’s $110 million purchase of a Bel-Air estate on Nimes Road has officially closed, The Real Deal has learned, making it Los Angeles County’s priciest deal so far this year by a ...

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  • 06 May
  • The Real Deal
  • Uncategorized
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