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Author: The Real Deal

Brixton Capital drops $100M for San Gabriel Valley retail center

Another Los Angeles-area retail center traded hands.  Brixton Capital acquired The Quad at Whittier for $100 million, the Los Angeles Business Journal reported. The Solana Beach-based real estate investor and operator bought the ...

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  • 24 Feb
  • The Real Deal
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Multifamily buyers buoy LA investment sales despite flat rents

Multifamily anchored a rebound in investment sales in Los Angeles last year, as industrial fundamentals wobbled and office pricing splintered by submarket. Overall deal activity across the city rose 11.1 percent last year, while dollar ...

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  • 24 Feb
  • The Real Deal
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Buchanan Street Partners continues on $1B self-storage spree

Buchanan Street Partners is doubling down on self-storage in coastal California with a nearly 100,000-square-foot facility north of Santa Cruz.  The Newport Beach-based firm has broken ground on a 99,500-square-foot facility in Scotts ...

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  • 24 Feb
  • The Real Deal
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Another resi-retail combo pitched for Pico corridor in Rancho Park 

Another developer is looking to build a residential and retail property along the Pico Boulevard corridor in Rancho Park.  On Feb. 19, Ely Khakshouri of Avenue of the Stars Imports filed an application with the Los Angeles Department ...

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  • 24 Feb
  • The Real Deal
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Another bidder in picture for Oceanwide Plaza

Southern California hospital operator and hotelier Dr. Kali P. Chaudhuri’s KPC Development is looking to join with Lendlease in a bid for downtown Los Angeles’ stalled, mega-development Oceanwide Plaza, federal bankruptcy court ...

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  • 23 Feb
  • The Real Deal
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Douglas Emmett’s Ken Panzer scores $40M for his Brentwood estate

A mystery buyer walked away with a deal on Douglas Emmett President and COO Ken Panzer’s Brentwood estate. The home at 12833 Chalon Road, located in the ultra-exclusive Brentwood Country Estates community, traded this month for $40 ...

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  • 23 Feb
  • The Real Deal
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Sumitomo Forestry gets California regulatory chops in $5B deal for Tri Pointe Homes

Japanese construction giant Sumitomo Forestry is making its biggest U.S. homebuilding bet yet, placing a premium on experience with Caliifornia’s notoriously difficult regulations. Tokyo-based Sumitomo Forestry will acquire ...

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  • 23 Feb
  • The Real Deal
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Brookfield pays $1B for El Segundo industrial REIT

Peakstone Realty Trust is going private.  New York-based Brookfield Asset Management is set to purchase the El Segundo-based industrial real estate investment trust in a roughly $1.2 billion all-cash deal, the Los Angeles Business ...

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  • 23 Feb
  • The Real Deal
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Soundstage development keeps rolling despite high vacancy

Investors and developers are plowing ahead with soundstage construction plans as productions flee Los Angeles in droves.  East End Studios recently opened its $230 million Mission Campus in the Arts District, a 255,000-square-foot ...

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  • 23 Feb
  • The Real Deal
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Gubernatorial candidate Tom Steyer wants to revisit Prop 13 for commercial landlords

Billionaire gubernatorial candidate Tom Steyer has signaled support for a referendum to reverse parts of Prop 13. Steyer has not solidified any plans, but early reports are that he’s supportive of a “split-roll” strategy, which would ...

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  • 23 Feb
  • The Real Deal
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