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Author: The Real Deal

Empty lot in heart of Lakewood to be transformed into 4-acre public plaza

An empty lot south of Lakewood City Hall is set to receive a new life as a public plaza.  The parcel at 4900 Clark Avenue, south of City Hall and the Angelo M. Iacoboni Library, has been envisioned by city officials as a new 4.3-acre ...

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  • 23 Jan
  • The Real Deal
  • Uncategorized
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Surf’s up for Speedo: Sportswear giant relocates HQ to Long Beach ahead of Olympics

The Los Angeles Olympics are more than two years away, but one of the world’s biggest sportswear companies is already looking to get ahead of the wave — no pun intended.  Pentland Brands, the parent company of Speedo, plans to move its ...

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  • 23 Jan
  • The Real Deal
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Deal for Brookfield-owned DTLA office tower in works at $180M: sources

Eastdil Secured has zeroed in on 601W as a buyer for a distressed, Brookfield-owned office tower on Bunker Hill in downtown Los Angeles. The New York City-based investment company is in talks to purchase the mortgage loan on 333 South ...

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  • 22 Jan
  • The Real Deal
  • Uncategorized
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Veterans oppose VA plan for tiny homes on West LA campus

The U.S. Department of Veterans Affairs is facing backlash from veterans over a plan to build up to 800 tiny homes this year on its West Los Angeles campus.  The proposal, which surfaced this week during a federal court hearing, calls ...

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  • 22 Jan
  • The Real Deal
  • Uncategorized
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Amoroso, Arselle launch joint multifamily platform after $90M buying spree last year

Arselle Investments and Amoroso Companies are making their partnership official after a string of joint deals last year.  The Los Angeles- and Calabasas-based firms announced the formation of a new multifamily platform to acquire up to ...

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  • 22 Jan
  • The Real Deal
  • Uncategorized
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Bel Air manse tests more “pragmatic luxury” appetite with sub-$100M tag

Is this the final cut for the Bel Air speculative mansion known as La Fin? The party property at 1200 Bel Air Road, with a nightclub and screening rooms, is back on the market this month with a new price tag of just under $100 million. ...

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  • 22 Jan
  • The Real Deal
  • Uncategorized
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Fenton’s Carolwood Estates goes international with Knight Frank tie-up

Looks like Carolwood Estates found a way to go international minus the overhead of opening new offices. The Beverly Hills-based boutique brokerage struck a partnership with London property consultancy Knight Frank, further expanding ...

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  • 22 Jan
  • The Real Deal
  • Uncategorized
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Koreatown single-family home to become six-story multifamily building

For the second time this decade, a single-family home in Koreatown appears poised to become a new multifamily building.  Project applicant Jafar Shahbaz has filed plans with the Los Angeles Department of City Planning for the ...

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  • 22 Jan
  • The Real Deal
  • Uncategorized
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OC-based firms sell LA-area retail properties totaling $76M

Two retail centers in the Los Angeles area were sold by separate Orange County-based firms.  In Orange County, San Jose-based DJM Capital Group sold Gateway Center in Mission Viejo to an unnamed institutional investor in a $51 million ...

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  • 21 Jan
  • The Real Deal
  • Uncategorized
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Link Logistics sells Torrance industrial property in $123M off-market deal

Industrial facilities in Torrance continue to trade hands as more firms seek locations to plant flags in the South Bay.  Link Logistics sold a 265,418-square-foot industrial building at 588 Crenshaw Boulevard in an off-market deal for ...

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  • 21 Jan
  • The Real Deal
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