Ares Management Corporation has offloaded an industrial facility in the San Gabriel Valley four years after purchasing the property with hardly any price appreciation. The Los Angeles-based investment firm sold a 173,100-square-foot ...
A Billionaire’s Row home in the Hollywood Hills led the pack among signed contracts in L.A. last week. The Bird Streets residence, at 1457 Blue Jay Way, priced at just under $16 million, or $1,632 per square foot, topped a weekly ...
William “Bill” Witte is stepping back from day-to-day duties at Related California, where the other shoes are now set to drop on Jan. 1. Yes, shoes — plural — based on the math laid out behind yesterday’s news that Witte will exit his ...
Los Angeles’ Executive Directive 1 has made all-affordable housing the most competitive development play in the city. Developers are increasingly opting to build 100 percent affordable apartments as a way of getting projects through ...
Tensions over the lack of transparency in “who’s calling the shots” on the fire recovery boiled over this week as a contractor sought approval of $8 million for rebuilding work. “We’ve had a lot of false starts from the beginning of ...
The former Costa Mesa headquarters of Trinity Broadcasting Network is on the road to resi redevelopment. Meritage Homes bought the 6-acre property at 3150 Bear Street in Costa Mesa for $44.5 million, the Orange County Business Journal ...
The University of California, Los Angeles is adding another high-rise dorm building next to its campus in Westwood. UCLA is planning to build a 19-story, 310,000-square-foot building with 148 units at 901 Levering Avenue, Urbanize Los ...
After more than 35 years at the helm, William “Bill” Witte is stepping down as chairman and CEO of Related California, The Real Deal has learned. Effective Jan. 1, Witte, 74, will become chairman emeritus of the Irvine-based firm. Gino ...
A proposal to temporarily pause the mansion tax for property owners in the Pacific Palisades has new legs a month after Mayor Karen Bass first floated the idea in a letter to the city council. On Monday, the Ad Hoc Committee for LA ...
Los Angeles has emerged as one of the nation’s hottest hubs for adaptive reuse, with 5,640 apartments in the pipeline — second only to Manhattan’s 11,000, according to a recent analysis. Office buildings comprise 50 percent of the main ...