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Author: The Real Deal

North Hollywood poised to receive new 100% affordable building

North Hollywood is positioned to get a new four-story building consisting entirely of affordable housing.  An affiliate of Los Angeles-based Avenue Homes has filed an application with the Los Angeles Department of City Planning for 49 ...

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  • 10 Jun
  • The Real Deal
  • Uncategorized
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Sunset Boulevard French country manse asking $30M finds buyer

Old world design meets modern with a Sunset Boulevard estate that nabbed a buyer and went into contract. The French country-inspired property at 9966 Sunset Boulevard is listed for $29.9 million and sat at the top of Los Angeles County ...

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  • 10 Jun
  • The Real Deal
  • Uncategorized
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West Los Angeles commercial building to get affordable housing transformation

Southern California Affordable Housing is planning to redevelop an abandoned commercial building in West Los Angeles into a 100-percent affordable building.  On May 28, SCAH-LA filed an application with the Los Angeles Department of ...

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  • 10 Jun
  • The Real Deal
  • Uncategorized
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Anaheim Ducks owners drop $72M for new office tower 

The owners of the Anaheim Ducks just bought an office tower next to the team’s home rink.  Henry and Susan Samueli paid CBRE Investment Management and CalSTRS $72.1 million for Stadium Tower, a 12-story office building at 2400 East ...

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  • 10 Jun
  • The Real Deal
  • Uncategorized
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Costco grows Orange County footprint with new store, fuel center

Costco Wholesale Corporation is growing its presence in Orange County.  The nationwide chain acquired two sites in Mission Viejo and Lake Forest in two separate deals to build new Costco outposts to serve customers, the Los Angeles ...

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  • 10 Jun
  • The Real Deal
  • Uncategorized
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Bass, other LA officials warn Trump tariffs to hit consumers soon

Angelenos could feel the squeeze from President Trump’s tariffs as soon as the next few weeks.  That’s what Mayor Karen Bass and other city officials are warning as the Port of Los Angeles sees activity decrease in the wake of the ...

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  • 10 Jun
  • The Real Deal
  • Uncategorized
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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
  • Uncategorized
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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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