Month: May 2026

Pebblebrook just announced that it sold another WeHo hotel, but left the buyer a mystery.  My kneejerk reaction: Is it Daniel Negari, again? I recently profiled Negari for TRD’s monthly magazine — a piece you can read here — and this sounded like his kind of deal. So I asked him, and my kneejerk reaction…

Beverly Hills continues to rack up big-money listings and sales, a trend the wealthy enclave likely owes in part to being beyond the reach of Measure ULA. On the sale side, a more than 10,000-square-foot manse at 703 North Arden Drive traded for $24 million, or $2,345 per square foot, on May 27 after just…

A small residential building between the Beverly Center and the heart of Beverly Hills could be demolished in favor of a taller multifamily structure.  The Beverly Hills Planning Commission is reviewing a project from Oakhurst Development Group LLC to erect a seven-story building at 349 North Oakhurst Avenue in Beverly Hills, Urbanize Los Angeles reported.…

If the chair of the Los Angeles City Council’s committee on Measure ULA has her way about the future of the so-called mansion tax, the real estate industry should brace itself. Los Angeles City Council Member Ysabel Jurado, who represents the city’s 14th District and chairs the ad hoc committee on ULA, kicked off the…

With modular housing proving to be a well-timed option for Palisades and Eaton fire victims, Los Angeles officials and SoLa Impact are looking to bring production of those units closer to the city.  The Los Angeles City Council voted to enter into an exclusive negotiating agreement with locally based developer SoLa Impact to explore the…

Walmart doesn’t seem to be fazed by the Inland Empire’s shaky industrial market fundamentals.  The Arkansas-based retail giant has purchased its distribution facility in Riverside for $223 million, L.A. Business First reported. The company’s real estate arm acquired the 507,000-square-foot cold storage facility from State Street Corporation.  Walmart has been leasing the site at 1001…

Nuveen has offloaded a five-building apartment complex in Van Nuys to a locally based real estate firm.  Beverly Hills-based Post Investment Group purchased the 390-unit San Regis apartments at 15454 Sherman Way in Van Nuys for roughly $69 million, or $176,923 per unit, Hoodline reported. The property sale ranks among the priciest multifamily transactions in…

Westside Estate Agency nabbed the priciest resi contract in Los Angeles County last week with a manse asking $25 million. The home at 703 North Arden Drive in the coveted Beverly Hills’ 90210 zip code, which spans more than 10,000 square feet, went into contract last week, topping all other local contracts — based on…

Two low-slung residential buildings in Culver City are poised to be demolished for a taller multifamily structure.  An application filed with the city calls for the construction of a six-story residential building at 4076-4080 Lafayette Place outside downtown Culver City, Urbanize Los Angeles reported. The proposal comes from Lafayette Place Apartments LLC, an entity managed…

Hackman Capital Partners is suing Erewhon over unpaid rent — claiming its luxe Culver Steps tenant owes more than $275,000, in a breach-of-contract complaint dated May 21.  Their lease agreement was made in June 2021, began June 2023 and isn’t set to expire until May 2038, per the complaint. Per the lease, Erewhon would pay…