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Author: The Real Deal

Nearly 1K Riverside County properties headed to auction for as little as $100

Nearly 1,000 tax-defaulted properties in Riverside County are heading to the auction block.  On Tuesday, the Riverside County Board of Supervisors approved placing 946 properties in default up for sale via open electronic bidding, My ...

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  • 15 Jan
  • The Real Deal
  • Uncategorized
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Goldman moves to acquire historic LA studio lot after $1.1B Hackman default 

Goldman Sachs Group is saying “action” to the acquisition of a historic Los Angeles studio lot.  The New York-based firm is leading a takeover of the Radford Studio Center at 4024 Radford Avenue in Studio City after owner Hackman ...

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  • 14 Jan
  • The Real Deal
  • Uncategorized
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Uncommon doubles height, ups unit count at proposed Hollywood resi project

Uncommon Developers is tweaking its plans for an apartment building in Hollywood.  The Chatsworth-based development firm has beefed up its proposal for apartments at 7441 Sunset Boulevard, Urbanize Los Angeles reported.  A new ...

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  • 14 Jan
  • The Real Deal
  • Uncategorized
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MetLife sells apartment tower downtown for $69M

An entity connected to MetLife sold an apartment tower in Downtown Los Angeles for $68.8 million, according to property records dated late December. The buyer is a company owned by APW Avenue Group, which received a $56.8 million loan ...

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  • 13 Jan
  • The Real Deal
  • Uncategorized
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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
  • Uncategorized
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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
  • Uncategorized
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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
  • Uncategorized
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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
  • Uncategorized
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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
  • Uncategorized
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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
  • Uncategorized
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