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Author: The Real Deal

Taxpayers on hook for Skid Row’s $1B trio of homeless housing towers

Three skyscrapers in downtown Los Angeles designed to house the homeless could end up costing federal taxpayers more than $1 billion.  Homeless services nonprofit Weingart Center Association is behind the three towers, which would ...

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  • 03 Oct
  • The Real Deal
  • Uncategorized
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Seedbed for industrial sector: Port of LA seeks developer on new terminal plan

The Port of Los Angeles is about to grow for the first time in decades.  A new marine container terminal will eventually rise at the Port of Los Angeles, the country’s largest port, L.A. Business First reported. Port officials are ...

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  • 03 Oct
  • The Real Deal
  • Uncategorized
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Laguna Hills reluctantly approves builder’s remedy project for seniors

An apartment complex for senior citizens is headed for construction thanks to builder’s remedy.  Laguna Hills City Council members voted to approve the project at the La Paz Village shopping center, Voice of OC reported. The project ...

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  • 03 Oct
  • The Real Deal
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L.A. “redlined” by multifamily investors despite demand, rent growth

Multifamily developers are slamming the brakes on projects across Los Angeles, despite high demand and some of the most-expensive rental rates in the country.  A roller-coaster of development regulations in the past five years has ...

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  • 02 Oct
  • The Real Deal
  • Uncategorized
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Buie Stoddard portfolio scores $54M refi amid retail heatwave

Buie Stoddard Group secured a refinancing package for five shopping centers in Southern California.  The Laguna Niguel-based investment firm secured a $54 million credit facility from Refinance Group of America and River City Bank, ...

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  • 02 Oct
  • The Real Deal
  • Uncategorized
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Pasadena to sell chunk of ‘Stub’  

A chunk of the vacant property in Pasadena owned by the California Department of Transportation will soon come under local government ownership.  The City of Pasadena is moving forward in its effort to acquire and sell 17 vacant ...

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  • 02 Oct
  • The Real Deal
  • Uncategorized
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Are Camp, North Complex fire recoveries road maps for Palisades, Altadena?

It’s been eight months since the deadly Palisades and Eaton fires ripped through the Greater Los Angeles region, and if other parts of California scarred by fires are any indication, the communities that will reemerge from the ashes ...

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  • 01 Oct
  • The Real Deal
  • Uncategorized
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LA City Council eyes wage hike on multifamily projects

Construction workers in the City of Los Angeles could see the floor for their wages get considerably higher. On Tuesday, Los Angeles City Councilmembers Curren Price and Hugo Soto-Martínez introduced a motion to commission a study on ...

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  • 01 Oct
  • The Real Deal
  • Uncategorized
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Bella Thorne pockets $600K with sale of Topanga Canyon estate

Bella Thorne didn’t have to wait too long to unload her Topanga Canyon home. She found a buyer for her former pad at 1650 Luse Tank Road, with the deal officially closing on Tuesday for $3.9 million, or $512 per square foot. The ...

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  • 01 Oct
  • The Real Deal
  • Uncategorized
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Rialto sues Rockwood alleging Santa Monica Clock Tower default

Rockwood Capital may be out of time. Special servicer Rialto Capital Advisors sued a company connected to Rockwood over a loan secured by the Santa Monica Clock Tower, once the city’s largest skyscraper.  Rockwood assumed $26.7 million ...

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  • 01 Oct
  • The Real Deal
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