Month: June 2025

Jessica Alba has found a buyer for her Oak Pass Road estate. The actress and Honest Company co-founder’s home at 9540 Oak Pass Road in Beverly Hills Post Office went into contract last week with an asking price of just under $19 million.  Westside Estate Agency’s Kurt Rappaport holds the listing, which went on the…

Nordstrom is shuttering its Santa Monica location amid a company-wide refocus on alternative retail experiences.  On Aug. 26, the department store will permanently close its outpost in the Santa Monica Place mall at 220 Broadway, the Santa Monica Daily Press reported. The three-level, 122,000-square-foot property opened in 2010.  “We believe we’ll be best able to…

Centurion Real Estate Partners fancies itself the turnaround specialist of the condominium world.  In Los Angeles it’s looking to turn a page and jumpstart sales for its Mandarin Oriental Residences in Beverly Hills and The Harland in West Hollywood. “We’re kind of regarded as the fixer for institutionally held condominium projects that might have some…

As rebuilding efforts continue in Altadena after January’s deadly wildfires, some business owners expect they’ll be left out in the cold.  The commercial property owners have had mixed success navigating the web of the insurance process in California, Bisnow reported. Some said that they’ve learned the limits of just how much insurance will cover, and…

As Gov. Gavin Newsom aims to streamline housing construction as part of the state’s budget, California legislators are wrestling with a new proposal that could tie up negotiations at the last minute. In the latest iteration of a budget bill introduced June 24, lawmakers proposed a new set of minimum wages for housing construction workers…

CGI+ Real Estate Strategies, the multifamily investment firm founded by Gidi Cohen, has sold a fully entitled Los Angeles development site to JPI for $40 million, The Real Deal has learned. The 4.9-acre, shovel-ready property, at 22107-22127 Vermont Avenue, is adjacent to The Harbor-UCLA Medical Center at South Vermont Avenue near 220th Street in Torrance.…

An old idea just got a new life as architects and builders think about how to best — and quickly — rebuild Altadena, Pacific Palisades and Malibu after January’s wildfires. Los Angeles land use firm Crest Real Estate assembled over 40 architects for a reboot of the post-World War II Case Study program, which they’ve…

Los Angeles might be known for entertainment and technology, but over the past year, those industries have given way to other types of companies when it comes to taking office space.  Since last year, office absorption in L.A. has mostly been from so-called “traditional” office users like law firms and financial companies, L.A. Business First…

JRK Property Holdings is adding a Sherman Oaks apartment complex to its portfolio as part of a more than $300 million deal.  The Los Angeles-based investment firm spent a combined $315 million on the Chase Knolls apartments in Sherman Oaks and the WestEnd25 residential high-rise in Washington, D.C., Commercial Observer reported. JRK did not disclose…

Tinder co-founder Justin Mateen is growing his retail holdings in Los Angeles with a new acquisition on the Hollywood Walk of Fame.  Justin Mateen, along with his brother Tyler Mateen, bought the Hollywood Galaxy shopping center and the historic Petersen Building next door from Federal Realty Investment Trust for $69 million, the Los Angeles Times…