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Author: The Real Deal

Rumblings of a deal for EY Plaza — but will it stick?

EY Plaza might have found a buyer.  Morningstar Credit thinks so, the receiver says there’s no contract in place, and the brokerage is keeping its mouth shut. This follows earlier reports by The Real Deal that Colliers — which replaced ...

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  • 22 Dec
  • The Real Deal
  • Uncategorized
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Pimco, Witkoff firm in default on $400M loan tied to Santa Monica apartments

Pacific Investment Management Company and the Witkoff firm have defaulted on a loan of more than $400 million tied to a luxury apartment complex in Santa Monica.  The delinquent loan is connected to The Park Santa Monica, a 249-unit ...

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  • 19 Dec
  • The Real Deal
  • Uncategorized
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John Aaroe, luxury brokerage owner and agent to the stars, dead at 74

John Aaroe, who was part of the first wave of Los Angeles’ luxury brokerages and a mentor to many of the market’s top talent, died Tuesday. He was 74. A spokesperson for family and friends confirmed Aaroe died in his Rancho Mirage ...

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  • 19 Dec
  • The Real Deal
  • Uncategorized
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Top OC law firm leaves Santa Ana HQ for new Irvine digs

An Orange County-based law office is relocating its headquarters from Santa Ana to Irvine.  Trial and litigation firm Callahan & Blaine is moving to the top two floors of Newport Gateway, a 12-acre office campus at 19800 and 19900 ...

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  • 19 Dec
  • The Real Deal
  • Uncategorized
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Pasadena tenants say Hines pulling amenity bait-and-switch

Hines is facing criticism from tenants in Pasadena less than a year after it became the owner of an 140-unit apartment complex.  On Wednesday, members of the Pasadena Gateway Villas Tenants Association said they have faced multiple ...

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  • 19 Dec
  • The Real Deal
  • Uncategorized
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Douglas Elliman, Newport Beach manager settle legal blows

A legal row brought by Douglas Elliman’s former Newport Beach sales manager against the brokerage and one of its former executives is coming to a close. An attorney for former Newport Beach office Executive Manager of Sales Christina ...

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  • 19 Dec
  • The Real Deal
  • Uncategorized
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LA Metro drives into Arts District offices with $45M purchase from SteelWave

The latest office building sale in downtown Los Angeles is a bright spot in one of the country’s hardest-hit commercial real estate markets in the post-pandemic years.  L.A. Metro bought the 106,004-square-foot office building at 500 ...

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  • 18 Dec
  • The Real Deal
  • Uncategorized
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Amidi lands $125M Oaktree loan for Glendale apartments

Amidi Real Estate Group has secured $125 million in financing for a newly built residential building in downtown Glendale.  Oaktree Capital Management provided the financing for the 228-unit TenTen Campus at 414 North Orange Street, ...

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  • 18 Dec
  • The Real Deal
  • Uncategorized
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Ardie Tavangarian’s Villa Siena heads back to market for $135M

A haircut may be just what Ardie Tavangarian’s Villa Siena mansion needs to turn the heads of prospective buyers. The Bel-Air mansion at 607 Siena Way, with a $135 million ask, came in as last week’s priciest addition to Los Angeles ...

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  • 18 Dec
  • The Real Deal
  • Uncategorized
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Jamison turns away Section 8 housing applicants: investigation

One of Los Angeles’ biggest landlords is largely shutting its doors to Section 8 renters, according to a new investigation.  Jamison routinely rejected tenants using federal housing vouchers at many of its buildings, Capital & ...

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  • 18 Dec
  • The Real Deal
  • Uncategorized
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