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Month: September 2025

Burbank hotel gets $55M recap financing boost from Peachtree Group

A boutique hotel in Burbank is headed for a makeover after securing crucial funds.  Nimes Real Estate will receive $55 million of bridge financing to recapitalize the Hotel Amarano Burbank-Hollywood, Commercial Observer reported. ...

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  • 22 Sep
  • The Real Deal
  • Uncategorized
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Azusa Pacific University apartments trade hands for $91.8M

Legacy Partners purchased an apartment community located in Azusa for $91.8 million. Azusa Pacific University sold the vacant apartments to the privately owned real estate company, per property records recorded earlier this month.  The ...

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  • 22 Sep
  • The Real Deal
  • Uncategorized
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Will Magic Castle lease disappear?

The Magic Castle might have a new trick up its sleeve. Owner Randy Pitchford has proposed a wide-reaching reorganization of the business that would take operational control and most revenue streams for the property from the Academy of ...

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  • 22 Sep
  • The Real Deal
  • Uncategorized
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CIM Group’s West Adams development spree taps density bonus

Los Angeles-based developer CIM Group is looking to erect another mixed-use apartment complex in West Adams.  The firm, headquartered in Mid-Wilshire, submitted an application to the Los Angeles Department of City Planning seeking ...

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  • 22 Sep
  • The Real Deal
  • Uncategorized
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Focus on TRDData: Legendary Silicon Valley outfit comes south for top multifamily deal in Glendale

The biggest multifamily sale in Glendale over the last quarter was 600 North Central Avenue, which The Sobrato Organization nabbed for $126 million, according to Los Angeles County tax assessor records, a whopping price that topped the ...

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  • 22 Sep
  • The Real Deal
  • Uncategorized
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“So much misinformation” as Palisades reconstruction accelerates

It goes without saying, but pictures or social media posts aren’t always worth 1,000 words. That rang particularly true this past week on a ride through parts of the Palisades with local brokerage owner Anthony Marguleas, founder of ...

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  • 21 Sep
  • The Real Deal
  • Uncategorized
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Mall melee: San Francisco Centre versus Westfield Century City

The desolate and distressed San Francisco Centre, once a Westfield mall before its owners handed back the keys, stands in stark contrast to Unibail-Rodamco-Westfield’s outdoor shopping center in Century City.  The San Francisco mall, ...

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  • 20 Sep
  • The Real Deal
  • Uncategorized
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Milwaukee Brewers minority owner scores $44M on Brentwood home sale

Financier and Milwaukee Brewers minority owner Robert Beyer and his wife struck a deal to sell their Brentwood estate for $44 million. When factoring in off-market deals, the trade is the largest in Brentwood since the December 2021 ...

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  • 19 Sep
  • The Real Deal
  • Uncategorized
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Newsom implored to veto transit-adjacent upzoning

With Senate Bill 79 on its way to Gov. Gavin Newsom’s desk, homeowners — as well as one of Newsom’s key allies in state politics — are hoping he’ll throw it in the trash.  Members of homeowners associations across Los Angeles are ...

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  • 19 Sep
  • The Real Deal
  • Uncategorized
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Airbnb spinoff expects ADU boom as wildfire rebuilding ramps up

The state’s push for housing density, along with the need for new homes post-wildfires is driving demand for Airbnb spinoff Samara’s prefab homes, which landed a $34 million investment this week. The company was started by Airbnb ...

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  • 19 Sep
  • The Real Deal
  • Uncategorized
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  • Recent Posts

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