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Month: July 2025

Rexford Industrial reports 42% jump in profits

Rexford Industrial Realty reported around $113 million in net income in the second quarter of the year, an about 42 percent increase from the same period last year.  The Los Angeles-based industrial real estate investment trust’s ...

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  • 17 Jul
  • The Real Deal
  • Uncategorized
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Developer sells multifamily complex along Marina Del Ray waterfront for $62M

The developer and operator of a 50-year-old luxury waterfront apartment complex in Marina Del Ray sold the property for $62 million, a source familiar with the deal said.  Irvine-based Far West Management offloaded Villa Del Mar to an ...

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  • 17 Jul
  • The Real Deal
  • Uncategorized
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Unibail-Rodamco-Westfield nears $925M refi deal for Westfield Century City mall

The owner of Westfield Century City mall is securing a nearly $1 billion financing windfall for the second time in two years, returning more equity to the owner.  Unibail-Rodamco-Westfield is nearing a refinancing deal for the ...

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  • 17 Jul
  • The Real Deal
  • Uncategorized
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Resi developer gets $50M for Point Dume manse that originally asked $65M

A local residential developer may not have gotten what it originally hoped for in the sale of its Malibu residence, but still walks away with more than double what it paid for the property in 2022. TriWest Development, a Hermosa ...

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  • 17 Jul
  • The Real Deal
  • Uncategorized
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Jonathan Rose Companies picks up Tustin senior apartment complex for $83M

A mixed-income housing complex for senior citizens in Orange County has exchanged hands for more than $80 million.  New York-based Jonathan Rose Companies bought Coventry Court, a 240-unit mix of market-rate and affordable apartments ...

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  • 17 Jul
  • The Real Deal
  • Uncategorized
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Trump accuses Schiff of mortgage fraud in latest attacks

President Donald Trump and Sen. Adam Schiff are in a war of words online over the senator’s real estate holdings.  On Tuesday, the president accused the California senator of committing mortgage fraud by intentionally misleading ...

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  • 16 Jul
  • The Real Deal
  • Uncategorized
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Santa Monica seeks developers to build on city-owned properties 

Santa Monica is seeking developers to develop three city-owned properties.  The coastal city is hoping to attract developers looking to build affordable housing as the city works to comply with California’s Surplus Land Act, Urbanize ...

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  • 16 Jul
  • The Real Deal
  • Uncategorized
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Los Angeles proptech market well-positioned amid SF, NY domination

Many people might think of San Francisco or New York City when it comes to proptech, but Los Angeles is poised to become a notable player in the space.  Proptech founders, such as Propvetter’s Eric Migicovsky, have been making ...

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  • 15 Jul
  • The Real Deal
  • Uncategorized
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No, CEQA’s not “dead,” so who wins and loses with the latest exemptions?

After new legislation passed defanging parts of the California Environmental Quality Act, Holland & Knight partner Daniel Golub received an email from someone proclaiming, “CEQA is dead.” It’s not. Still, the passage of budget ...

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  • 15 Jul
  • The Real Deal
  • Uncategorized
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Shopoff Realty gets green light for 18-acre housing project in Orange County

Shopoff Realty is making another housing play in Orange County.  The Irvine-based developer has secured approvals to develop an 18-acre plot of land in Fountain Valley into mixed-income housing, Urbanize Los Angeles reported. The ...

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  • 15 Jul
  • The Real Deal
  • Uncategorized
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