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Author: The Real Deal

Hoteliers sound the alarm on looming distress 

The Los Angeles City Council voted in favor of increasing the minimum wage for hotel workers to $30 an hour by 2028. Now it heads to Mayor Karen Bass. If she signs, more distress could follow.  Los Angeles’ hotels suffered throughout ...

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  • 24 May
  • The Real Deal
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Growth markets see retail boom even with tariff uncertainty

Retail’s working with a mixed bag. Nowhere was that clearer than this past week when the industry descended in Las Vegas for the International Council of Shopping Centers’ annual confab. ICSC estimated more than 20,000 attendees were ...

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  • 24 May
  • The Real Deal
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Westchester resi project gets city OK after union drops objection

Cityview has gotten the green light from the Los Angeles City Council to begin construction on its latest mixed-use apartment complex in Westchester. The approval comes after the project faced an appeal from the Supporters Alliance for ...

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  • 23 May
  • The Real Deal
  • Uncategorized
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WATCH: ‘Father of CMBS’ Ethan Penner to run for governor of California

Ethan Penner, the pioneer of commercial mortgage-backed securities, has all but declared he was running for governor of the Golden State. The nonpartisan CEO of Calabasas-based Mosaic Real Estate Investments took aim at Gov. Gavin ...

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  • 23 May
  • The Real Deal
  • Uncategorized
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Fashion Island office fetches $756 psf

A low-rise office building next to Newport Beach’s swanky Fashion Island mall just sold for $11.5 million, fetching $756 per square foot. A local private partnership offloaded Olen Pacific Plaza, located at 1303 Avocado Avenue, with ...

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  • 23 May
  • The Real Deal
  • Uncategorized
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Resi occupancy soars above pre-pandemic levels in Downtown LA

As offices empty out in Downtown Los Angeles, renters have filled up Downtown apartments and put upward pressure on rents. Multifamily occupancy rose to 90.8 percent in the first quarter ending in March, from 90.1 percent a year ...

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  • 22 May
  • The Real Deal
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Hines gets key approval on Arts District office project

Hines has beat back a second appeal trying to block a 13-story office building, winning a final go-ahead in Downtown Los Angeles. The Houston-based developer was approved by the City Council, which denied a labor-backed appeal against ...

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  • 22 May
  • The Real Deal
  • Uncategorized
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Construction doesn’t scare off buyer of $32M Bel-Air manse

Unfinished construction didn’t deter a buyer from going into contract on a $31.5 million Bel-Air estate that’s expected to be valued for millions more once work is completed. The property at 1341 Linda Flora Drive marked last week’s ...

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  • 22 May
  • The Real Deal
  • Uncategorized
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Damavandi’s Santa Monica resi plan gains weight

Damavandi Capital is going bigger than originally planned for its latest multifamily development in Santa Monica.  The West Hollywood-based firm, formerly known as Dylan Investment Properties, has filed revised plans to boost the size ...

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  • 22 May
  • The Real Deal
  • Uncategorized
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Los Angeles hotel executives warn distress to follow wage hike

The Los Angeles City Council will hold a final vote on a proposal to increase minimum wage for hospitality workers to $30 an hour by 2028 on Friday, May 23. If it passes, which most expect it will, and Mayor Karen Bass signs it, ...

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  • 22 May
  • The Real Deal
  • Uncategorized
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  • Recent Posts

    • Hoteliers sound the alarm on looming distress  May 24, 2025
    • Growth markets see retail boom even with tariff uncertainty May 24, 2025
    • Westchester resi project gets city OK after union drops objection May 23, 2025
    • WATCH: ‘Father of CMBS’ Ethan Penner to run for governor of California May 23, 2025
    • Fashion Island office fetches $756 psf May 23, 2025
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