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Author: The Real Deal

Former Four Points by Sheraton hotel near LAX to become affordable housing

A shut-down hotel near Los Angeles International Airport is set to transform into affordable housing.  The Los Angeles Department of Building and Safety has issued a permit for a proposal to build housing at the former Four Points by ...

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  • 29 Jul
  • The Real Deal
  • Uncategorized
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Seaview Investors gets $55M refi deal for West LA hotel

Seaview Investors has received a $55 million injection to refinance a hotel in West Los Angeles.  Los Angeles-based Mesa West Capital provided an affiliate of Seaview with the five-year, first-mortgage debt tied to the 186-room Burton ...

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  • 28 Jul
  • The Real Deal
  • Uncategorized
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Kilroy Realty sells Santa Monica office building for $40M

Kilroy Realty sold a Santa Monica office building for $40 million, the company reported in its latest earnings release Monday. The June buyer is Washington Capital Management, property records indicate. The real estate investment trust ...

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  • 28 Jul
  • The Real Deal
  • Uncategorized
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Colburn School’s $335M DTLA concert hall expansion tops out

The Colburn School just marked a major construction landmark for its new performing arts complex in Downtown Los Angeles.  The music school has topped out the Colburn Center, a Frank Gehry-designed music venue and rehearsal facility at ...

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  • 28 Jul
  • The Real Deal
  • Uncategorized
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Dedeaux Properties secures logistics tenant for new Fontana industrial property

Dedeaux Properties has secured a tenant for its recently completed industrial project in the Inland Empire.  The Santa Monica-based firm cemented a deal with an undisclosed global third-party logistics company to lease 165,000 square ...

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  • 28 Jul
  • The Real Deal
  • Uncategorized
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Regency Centers scoops up five retail properties in Orange County for $357M

Regency Centers has made a nine-figure retail investment in Orange County.  The Jacksonville, Florida-based real estate investment trust has spent $357 million on a five-property portfolio at the Rancho Mission Viejo master-planned ...

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  • 28 Jul
  • The Real Deal
  • Uncategorized
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Escrow’s big kickbacks problem

Escrow is up to its neck in regulations. Yet, kickbacks within the industry are common and enforcement is difficult. The California Department of Financial Protection & Innovation’s Escrow Advisory Committee has said as much.   ...

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  • 26 Jul
  • The Real Deal
  • Uncategorized
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Ben Ashkenazy’s Beverly Connection catches a break 

Ben Ashkenazy extended a loan backing his Beverly Connection by two years after the debt tied to the Los Angeles power center was stuck in special servicing due to delinquency.  The shopping center was reappraised in December at $193 ...

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  • 26 Jul
  • The Real Deal
  • Uncategorized
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University of Michigan to open business school campus in DTLA

The University of Michigan is setting up shop in Downtown Los Angeles.  The Ann Arbor-based institution is moving its West Coast campus for its Ross School of Business to The Grand LA at 100 South Grand Avenue, L.A. Business First ...

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  • 25 Jul
  • The Real Deal
  • Uncategorized
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Leadership shakeups hit Coldwell Banker Realty, Beverly Hills Estates

Big leadership changes are afoot in Los Angeles’ high-end residential industry as long-time Coldwell Banker Realty Managing Broker Tom Dunlap prepares to step away from the top spot, The Real Deal has learned. Dunlap will be succeeded ...

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  • 25 Jul
  • The Real Deal
  • Uncategorized
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