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Author: The Real Deal

Kimora Lee Simmons fights to stay in $25M Beverly Hills estate owned by Reuben brothers

An ongoing lawsuit and a federal prison sentence for her estranged husband isn’t keeping Kimora Lee Simmons out of the fab lane.  The “Kimora: Life in the Fab Lane” star has been living in a $25 million Beverly Hills mansion that ...

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  • 12 Feb
  • The Real Deal
  • Uncategorized
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SF rents up 13% as LA prices fall: report

Rent price changes in San Francisco and Los Angeles over the past year tell a tale of two very different cities. San Francisco rents in January were up 13 percent from a year before, while the median rent in Los Angeles fell 1.8 ...

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  • 12 Feb
  • The Real Deal
  • Uncategorized
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If hundreds of LA landlords gouged rents post-wildfires, where are the lawsuits?

The extent to which landlords took advantage of the wildfire tragedy last year is the subject of a report attempting to quantify the narrative, as early threats from lawmakers haven’t resulted in much action a year later. When the ...

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  • 12 Feb
  • The Real Deal
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Downtown Long Beach hotel trades at steep discount

A Westin-branded hotel on downtown Long Beach’s Ocean Boulevard traded hands for about half its prior price tag.  The Westin, at 333 East Ocean Boulevard and near the water, sold for about $42 million, according to records dated late ...

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  • 12 Feb
  • The Real Deal
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Casa Encantada cuts price by $20M as possible foreclosure looms

The famous Casa Encantada estate in Bel Air is back on the market for nearly $100 million below its initial listing price as it remains at the center of an ongoing legal dispute.  Casa Encantada at 10644 Bellagio Road is now for sale ...

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  • 12 Feb
  • The Real Deal
  • Uncategorized
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Former Kings player Phillip Danault in contract to sell Manhattan Beach home

It didn’t take long for a former Los Angeles Kings forward to find a buyer for his Manhattan Beach home. The pending sale of Phillip Danault and his wife Marie-Pierre Fortin’s home at 620 12th Street in the South Bay city came in a ...

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  • 11 Feb
  • The Real Deal
  • Uncategorized
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Will Oceanwide Plaza creditors take a shot or pass on downtown eyesore?

Now that a federal bankruptcy judge approved an intramural battle between lenders on Oceanwide Plaza, creditors are facing a decision: Make their own or joint credit bids and try to finish the project or sell it off in hopes of ...

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  • 11 Feb
  • The Real Deal
  • Uncategorized
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Pirian brothers accused of illegal rent increases, withheld deposits

Landlords Benny Pirian and Piaman Nisan Pirian are facing a new lawsuit from the Los Angeles City Attorney.  City Attorney Hydee Feldstein Soto filed a civil enforcement lawsuit against the Pirians and several business entities they ...

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  • 11 Feb
  • The Real Deal
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Cityview scores $96M refi from Fortress for Historic South Central apartments

Multifamily developer Cityview scored nearly $100 million in refinancing for a Class A multifamily property south of downtown Los Angeles.  The Century City-based firm landed $96 million in refinancing debt tied to Jasper, a 296-unit ...

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  • 11 Feb
  • The Real Deal
  • Uncategorized
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Steve Katz quietly departs Hilton & Hyland, Felix Pena named new broker manager

Hilton & Hyland Chair Lori Hyland turned the page in 2025 with a new office and, more recently, a fresh face to serve as the Beverly Hills firm’s broker manager, The Real Deal has learned. The appointment of Felix Pena, who has ...

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  • 11 Feb
  • The Real Deal
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  • Recent Posts

    • Kimora Lee Simmons fights to stay in $25M Beverly Hills estate owned by Reuben brothers February 12, 2026
    • SF rents up 13% as LA prices fall: report February 12, 2026
    • If hundreds of LA landlords gouged rents post-wildfires, where are the lawsuits? February 12, 2026
    • Downtown Long Beach hotel trades at steep discount February 12, 2026
    • Casa Encantada cuts price by $20M as possible foreclosure looms February 12, 2026
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