Month: September 2025

Things just keep getting worse for Norman Kravetz. The Realty Bancorp Equities principal defaulted this summer on the commercial mortgage-backed securities debt connected to a five-office-property portfolio, and now faces calls to cede control to a court-appointed receiver.  The calls are coming via a Wells Fargo Bank unit on behalf of the commercial mortgage-backed securities…

Want a hot take on Compass’ $1.6 billion deal for Anywhere Real Estate that you haven’t already heard? Let’s start from the top and work our way down. An industry veteran in L.A.’s high end jumped a few steps forward to conjecture about the end game. No, that doesn’t mean market share and stamping out…

As malls and retail spaces across Greater Los Angeles face increasing vacancies, an eyebrow-raising — or rather, barbell raising — alternative has emerged to fill those voids.  Gym operators like Equinox and Royal Personal Training have signed some of the largest retail leases this year in the L.A. area, CoStar reported.  Royal Personal Training is growing…

A planned Louis Vuitton outpost in Beverly Hills is inching closer to construction.  The Beverly Hills Planning Commission gave unanimous approval to a three-story LV flagship store, rooftop restaurant and exhibition space, the Beverly Hills Courier reported.  The Frank Gehry-designed development on Rodeo Drive is slated to span a block of South Santa Monica Boulevard…

One Beverly Hills is still in its early construction phases, but developer Cain International secured some notable tenants for its retail portion.  Fashion giant Dolce & Gabbana, Italian restaurant Casa Tua and Mexican-Japanese fusion restaurant Los Mochis have signed lease deals for space at One Beverly Hills, Commercial Observer reported.  One Beverly Hills’ retail component…

The Los Angeles City Council did more than greenlight a towering addition to one of Downtown Los Angeles’ best-known commercial centers last week — it also put a spotlight on a faraway firm and the one-time Peace Corp volunteer who runs it. The 15-member council approved National Real Estate Advisors’ residential highrise project at The…

The owners of a nine-story building known as Pasadena Office Tower face foreclosure in the wake of a notice of default on $40 million debt and election to sell that was recorded earlier this month. The commercial mortgage-backed securities loan connected to the office building at 150 South Los Robles Avenue earlier landed in special…

Brookfield Properties has offloaded part of another shopping mall in California.  The Toronto-based investment management firm sold The Shoppes at Carlsbad in a $71.5 million transaction, Commercial Observer reported. A joint venture between Los Angeles-based Steerpoint Capital and San Mateo-based Steelwave bought the 727,000-square-foot main portion of the property.  The mall at 2525 El Camino…

Meta Housing Corporation is looking to build another affordable housing complex in Canoga Park’s Warner Center area.  The Los Angeles-based firm submitted an application to build affordable apartments for senior citizens at 21010 Vanowen Street, Urbanize Los Angeles reported.  The firm would demolish a one-story office building and accompanying parking lot to make way for…

Compass’ $1.6 billion deal to buy Anywhere Real Estate set off market-share talk across the industry, but boutiques on the high end of the Los Angeles market aren’t sweating it. Carolwood’s Drew Fenton, CEO and co-founder of Los Angeles County’s fastest-growing boutique brokerage, offered a bullish take via text: “The merger is 110 percent beneficial…