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Month: June 2026

Will Becerra, Hilton bring real estate backers to November runoff? 

The Los Angeles real estate industry’s top choice for California governor didn’t make it past election night — Matt Mahan conceded after earning just 4 percent of the vote — but another industry favorite made it to the November runoff: ...

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  • 09 Jun
  • The Real Deal
  • Uncategorized
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HACLA buys one of ED1’s first completed properties in Sawtelle for $17M

The City of Los Angeles has acquired one of the first affordable housing projects completed under its Executive Directive 1.  The Housing Authority of the City of Los Angeles purchased Sands Off Sawtelle, a 44-unit apartment building ...

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  • 09 Jun
  • The Real Deal
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Pacific Palisades manse asking $20M tops last week’s resi contracts

A roughly 9,200-square-foot mansion in Pacific Palisades listed for just shy of $20 million topped last week’s luxury home contracts in Los Angeles County. If the sale is finalized, it will be the first trade for the six-bedroom home ...

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  • 09 Jun
  • The Real Deal
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Vacant Walgreens in Reseda to be converted into 290 mixed-income apartments

A developer is looking to replace a shuttered Walgreens in Reseda with nearly 300 apartments.  Ariel Namvar of Park Sherman LLC has filed an application with the Los Angeles Department of City Planning to demolish the decommissioned ...

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  • 09 Jun
  • The Real Deal
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601W scoops up distressed DTLA offices from Brookfield with $132M loan

601W Companies has completed its acquisition of one of Brookfield’s distressed office towers in Downtown Los Angeles.  The New York-based firm purchased the 55-story Class A office building at 333 South Grand Avenue, known as the Wells ...

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  • 09 Jun
  • The Real Deal
  • Uncategorized
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South Pasadena lists batch of former Caltrans “Stub” homes for sale

Another batch of homes caught in one of Southern California’s longest-running infrastructure battles is heading to market. On Tuesday, the City of South Pasadena will list eight former Caltrans-owned properties for sale, marking the ...

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  • 08 Jun
  • The Real Deal
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Health care exec-turned-developer plots another multifamily project in the Valley

Developer Al Leibovic is planning a multifamily development for a parcel in North Hills next to one he built over the past decade.  The health care executive filed a new application with the Los Angeles Department of City Planning to ...

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  • 08 Jun
  • The Real Deal
  • Uncategorized
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Holy housing: developer snags OC church land for affordable housing project

A church in Orange County sold part of its property to a developer with plans for affordable housing.  Olson Urban Housing purchased the 1.9-acre parking lot at Messiah Lutheran Church at 4861 Liverpool Street in Yorba Linda for $8.1 ...

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  • 08 Jun
  • The Real Deal
  • Uncategorized
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Raman joins Bass in runoff, defeats Pratt, a real estate favorite

Nithya Raman has made a comeback and will now face Karen Bass in the November runoff for Los Angeles mayor.  After taking a narrow lead from the reality TV star — and a real estate favorite — Spencer Pratt on Sunday, Raman closed the ...

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  • 08 Jun
  • The Real Deal
  • Uncategorized
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Real estate-backed candidates see mixed success in LA, statewide votes

While final results for the California primary are still up in the air, preliminary numbers show a mixed bag for whether real estate-backed candidates enticed voters. In the Los Angeles mayoral race, incumbent Karen Bass held the lead, ...

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  • 07 Jun
  • The Real Deal
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  • Recent Posts

    • Insider-turned-outsider sells more shares of industrial REIT July 12, 2026
    • SoCal condo sales 25% below average amid broader economic woes July 12, 2026
    • LA County looks to give nonprofits edge in multifamily market, Orange aims for accountability July 11, 2026
    • Newport Beach mansion shoots for city record with $70M list price July 11, 2026
    • Eagle Partners buys back OC apartments in $133M affordable preservation deal July 10, 2026
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