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Author: The Real Deal

Measure ULA revenue passes $1B mark as three-year anniversary approaches

Los Angeles’ Measure ULA transfer tax has crossed a significant revenue threshold.  Nearly three years after being implemented, proceeds from so-called “mansion tax” have exceeded $1 billion, Commercial Observer reported. Under the ...

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  • 13 Jan
  • The Real Deal
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Pustilnikov, Santa Monica residents, pols battle over vacant buildings

A pre-Thanksgiving move-in led by Pacific Coast Healthcare at a vacant building on Ocean Avenue in Santa Monica has reignited tensions between Santa Monica officials, affluent neighbors and prominent Los Angeles developer Leo ...

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  • 13 Jan
  • The Real Deal
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Prominent LA eviction attorney Dennis Block hit with state bar charges

The State Bar of California has filed disciplinary charges against a career eviction attorney in Burbank for alleged legal misconduct in real estate deals.  Dennis Block, who has made his name working for Southern California landlords ...

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  • 13 Jan
  • The Real Deal
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LA stays steady with $77M in signed contracts

A newly built home in Manhattan Beach’s Hill Section neighborhood found a buyer last week to make for Los Angeles County’s top residential property to go into contract. Built in the trendy modern farmhouse style, the six-bed, ...

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  • 13 Jan
  • The Real Deal
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Alon Abady gifts 300K sf office building next to Fox Studios to Chabad

Investor Alon Abady has made his latest real estate play, this time in the form of a 300,000-square-foot office campus donation to West Coast Chabad. The 16-story office building in Pico-Robertson, with a 1,200-vehicle parking ...

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  • 13 Jan
  • The Real Deal
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Northridge industrial, office campus scores $113M Rialto financing

Pendulum Property Partners and Affinius Capital have received a funding boost for an industrial and office campus in the San Fernando Valley.  The owners secured $113 million in financing from Rialto Capital Management for The Mix, a ...

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  • 12 Jan
  • The Real Deal
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Price revealed in Ben Ashkenazy’s Beverly Hills, Saks Global deal

Ben Ashkenazy’s recent Beverly Hills buy that made him one of the largest retail landlords in the city’s glitzy shopping district came out to $50 million, records reveal.  In late December, his New York City-based Ashkenazy Acquisition ...

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  • 12 Jan
  • The Real Deal
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Inland Empire warehouse sells for $57M

An industrial and office building in the Inland Empire has traded hands for $57 million.  Santa Fe Springs-based investment and management firm Orden Company bought the nearly 257,000-square-foot warehouse and office property at 875 ...

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  • 12 Jan
  • The Real Deal
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Tony Pritzker’s LA mansion gets $40M price cut

The sprawling Pritzker Estate in Beverly Glen has taken a sizable price cut.  The hilltop mansion at 1261 Angelo Drive owned by billionaire Tony Pritzker, brother of Illinois Gov. J.B. Pritzker, is now on the market for $135 million, ...

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  • 12 Jan
  • The Real Deal
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Focus on TRD Data: $6M February deal tops Agoura Hills single-family sales list

A $6.1 million deal in February notched the No. 1 spot on Agoura Hills’ single-family house sales list in the first three quarters of 2025, according to Los Angeles County tax assessor data. The home, at 28888 Lake Vista Drive, sold on ...

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  • 12 Jan
  • The Real Deal
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