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Author: The Real Deal

Progressive proposes 15-year exemption on Measure ULA

The latest bid to give developers a break on Los Angeles’ big, bad “mansion tax” comes from a Democratic Socialist, with the progressive president of the Los Angeles City Council seconding the motion. Fourth District Los Angeles City ...

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  • 26 Jan
  • The Real Deal
  • Uncategorized
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Focus on TRD Data: Post Investment Group’s $71M multifamily deal trounces Palmdale competition in 2025

Post Investment Group dropped $71 million on a rental complex in the desert city of Palmdale that dwarfed the top multifamily sales in the city combined last year, according to Los Angeles County tax assessor data and research by The ...

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  • 26 Jan
  • The Real Deal
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Caruso’s scorecard: Public, private and results post-wildfires

Last week, Rick Caruso said “no” to a political run. This week, the why became a bit clearer. As the developer shook hands and spoke to a crowd sitting by an empty residential lot on La Fiesta Avenue in Altadena on Thursday, he uttered ...

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  • 25 Jan
  • The Real Deal
  • Uncategorized
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Los Angeles office sector: Downtown vs Silicon Beach trades  

The Real Deal wrote about two deals this week that tell different but somewhat similar stories about Los Angeles’ office world: one downtown and another in Silicon Beach. The latter, a creative office building in Venice, occupied by ...

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  • 24 Jan
  • The Real Deal
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$87M loan tied to Blackstone building in Burbank heads to special servicing

In the latest sign of Los Angeles County’s office market’s slow post-pandemic recovery amid high vacancy and distress, a loan tied to a Blackstone property in Burbank has been transferred to special servicing.  An $87 million ...

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  • 23 Jan
  • The Real Deal
  • Uncategorized
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DTLA landlord faces city’s only criminal charges for harassing tenants

A Los Angeles landlord is under fire for much more than typical maintenance neglect.  Nela Petrusan, landlord of the 43-unit 1430 Wright Street building in downtown Los Angeles, is accused of physically assaulting tenants in addition ...

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  • 23 Jan
  • The Real Deal
  • Uncategorized
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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
  • Uncategorized
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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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