Month: June 2026

A billionaire beverage mogul is slimming down his real estate holdings in Los Angeles and across the Western United States in a nine-figure bet on the next wave of tech wealth.  Russ Savage, founder of Rockstar Energy and longtime luxury home investor, is listing five properties across Los Angeles, Aspen and Park City for a…

Angeleno Investments is pursuing more affordable housing in the San Fernando Valley.  An Angeleno affiliate filed an application with the Los Angeles Department of City Planning to construct a six-story building with nearly 100 units at 5139 North Colfax Avenue in Valley Village, Urbanize Los Angeles reported. Nearly a decade ago, the parcel was slated…

Developers secure the go-ahead from the Los Angeles City Planning Commission for an apartment complex in Silver Lake despite local pushback.  The commission gave the green light to a proposal from co-applicants Fang Qian Morgan and Seth James Morgan to redevelop parts of the property at 2413 North Silver Lake Boulevard with 76 one-bedroom apartments,…

The first wave of TDR Development’s new collection of mansions have hit the market in one of Los Angeles’ most exclusive, A-list neighborhoods: Hidden Hills. Tucked in west San Fernando Valley, Hidden Hills is a gated 2-square-mile city where the ultra wealthy flock for privacy, including Kim and Khloe Kardashian, Tristan Thompson, Dwayne Michael Carter…

Former Douglas Elliman broker and “Rich Kids of Beverly Hills” star Brendan Fitzpatrick is accused of running a more than $80 million Ponzi scheme.  Fitzpatrick, now based in Palm Beach, has been named in a series of lawsuits tied to Carbonatik, his company that marketed itself as a mining and commodities business with interests in…

A historic mansion in Pasadena is ready for its close-up, hitting the market for 56 percent more than its 2025 sale price.  The Tudor-revival home at 380 South San Rafael Avenue is for sale for $32 million, Mansion Global reported. The 1928-built home last traded a year ago for $20.5 million.  The property has more…

Belwood Investments’ last-ditch effort to skirt foreclosure on a Malibu property came up short, according to a court ruling that put the property into the hands of the lender.  It all started with an ultra-luxury fix-and-flip project gone south, after which the Newport Beach-based firm landed in hot water with lenders and attempted to hide…

A developer wants to build a four-story apartment building near West Hollywood’s city limits.  Property owner Dariush Lamy submitted plans to the West Hollywood Planning Commission’s Design Review Subcommittee for a four-story building with nine units at 1280 North Sweetzer Avenue, Urbanize Los Angeles reported. The vacant lot spans 6,800 square feet.  The developer is…

Onni Group has gotten the green light from Los Angeles city planners for a mixed-use project in the Arts District. The Los Angeles City Planning Commission approved a proposal from the developer for twin residential towers at 2143 East Violet Street, Urbanize Los Angeles reported. The buildings would include 474 units across roughly 569,000-square feet.…

Abraham Assil’s persistence is closer to paying off. His firm Westland Development Group’s Beverly Hills development site that spent more than a decade in the entitlement pipeline is moving into construction after an $85 million funding injection. Mar Vista-based Westland Development Group scored construction financing for the 140-unit mixed-use project at 55 North La Cienega…