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Author: The Real Deal

Blackstone unloads Torrance hotel in $54M deal

Blackstone has sold an extended-stay, Marriott-branded hotel in Torrance, near Redondo Beach for about $54 million, or roughly $218,000 per key, according to property and business records.  Blackstone’s Matt Vizza, a managing director ...

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  • 08 Jan
  • The Real Deal
  • Uncategorized
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Newsom pledges $107M in state funds for affordable housing prioritizing wildfire victims

Gov. Gavin Newsom is allocating more than $100 million in state funds to build affordable homes for victims of the Palisades and Eaton fires.  On Tuesday, the day before Los Angeles marked the one-year anniversary of the deadly ...

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  • 08 Jan
  • The Real Deal
  • Uncategorized
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John Stanaland says buh-bye to Elliman in move to The Agency

Changes are afoot in coastal Orange County, with The Agency making big moves for its Corona del Mar office to kick off the year. The Mauricio Umansky-led brokerage said it brought on luxury O.C. veteran John Stanaland and his ...

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  • 08 Jan
  • The Real Deal
  • Uncategorized
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LWK, Cypress, Sabal JV spends $30M for workforce housing portfolio in LA

Cypress Equity Investments, LWK Partners and Sabal Investment Holdings have made their first purchase under a new joint venture.  The firms bought a 75-unit workforce housing portfolio in Los Angeles for $30 million, Commercial ...

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  • 08 Jan
  • The Real Deal
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“They let us burn”: Palisades rally blasts local, state pols for wildfire handling

Residents and business owners gathered Wednesday in the Pacific Palisades as they pointed the finger at local and state officials for bungling the recovery and prevention of last year’s deadly wildfires. Called the “They let us burn” ...

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  • 07 Jan
  • The Real Deal
  • Uncategorized
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Total home value loss in Pacific Palisades, Altadena revealed

A year after the deadly Pacific Palisades and Eaton fires, the damage tally is in — more than $8 billion in home values wiped out across the Palisades and Altadena. The total value of destroyed homes in the Pacific Palisades and ...

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  • 07 Jan
  • The Real Deal
  • Uncategorized
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Bel-Air Tudor Revival tops LA luxury contracts’ quiet start to 2026

A 1920s-built, Bel-Air estate designed by the same architect behind the Beverly Hills Hotel led the pack of last week’s signed contracts kicking off the new year. The home at 259 Saint Pierre Road sat in the top spot on the Eklund ...

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  • 07 Jan
  • The Real Deal
  • Uncategorized
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One year later: Here’s what’s happening with Palisades, Eaton fires rebuild

It’s Thursday: Caravan day for agents in Altadena and Southern California’s broader Foothills. Agents, who were out for a day of new listing previews, chatted over coffee at a cul-de-sac where a nearly finished home, expected to be the ...

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  • 07 Jan
  • The Real Deal
  • Uncategorized
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Bank OZK offloads $265M loan tied to vacant SoCal life sciences campus

Bank OZK has found a buyer for a nine-figure construction loan backing a mostly empty life sciences campus in Southern California.  The lender sold a $265 million loan tied to Pacific Center, a 500,000-square-foot property at 9955 ...

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  • 07 Jan
  • The Real Deal
  • Uncategorized
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DJM Capital sells Torrance retail center for $109M 

A shopping center in Torrance has sold in the largest retail sale of last year in the South Bay market.  DJM Capital Group sold Village del Amo at 21201-21327 Hawthorne Boulevard to an undisclosed buyer for $108.5 million, the Los ...

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  • 07 Jan
  • The Real Deal
  • Uncategorized
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