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Author: The Real Deal

MW Investment Group plans 164 units near Metro stop in San Dimas 

A long-vacant patch of land in San Dimas is posed for a major housing project.  MW Investment Group has filed plans to build a 164-unit residential community just east of the city’s new Metro A Line station, Urbanize Los Angeles ...

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  • 10 Nov
  • The Real Deal
  • Uncategorized
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Malibu exception: Boutique hotel deal among priciest in California history

Luxury fashion brand Chrome Hearts, owned by Richard and Laurie Stark, purchased a small Malibu hotel called the Surfrider for $37.5 million to notch one of California’s priciest per-key deals ever, The Real Deal has learned, and the ...

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  • 10 Nov
  • The Real Deal
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Focus on TRD Data: Retired MLB star Joey Votto notches $14.4M for Hermosa Beach home

Former Cincinnati Reds first baseman Joey Votto has scored a couple of wins beyond the baseball diamond. The retired six-time All-Star notched the highest price for a single-family home sale in Hermosa Beach in the first nine months of ...

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  • 10 Nov
  • The Real Deal
  • Uncategorized
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Closure “name of the game” as agents continue work in fire recovery

For agents assisting clients in the burn zones, the past 10 months have stretched patience levels and service skills to the limit. Outside of the regular role of helping clients find homes, they’ve done so amid a backdrop of inventory ...

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  • 09 Nov
  • The Real Deal
  • Uncategorized
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Silent distress at OC office campus

You won’t hear a lot about office woes in Orange County, but nowhere is perfect.  The commercial mortgage-backed securities debt connected to an office park located in Westminster went to special servicing after the borrower defaulted ...

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  • 08 Nov
  • The Real Deal
  • Uncategorized
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Air taxi operator buying Hawthorne airport for $126M cash

An air taxi company hoping to transform travel in time for the 2028 Olympic Games in Los Angeles is poised to purchase a local airport.  Archer Aviation, based in San Jose, signed agreements to buy the Hawthorne Municipal Airport in a ...

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  • 07 Nov
  • The Real Deal
  • Uncategorized
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Toyota of Hollywood redevelopment revs up with Hines aboard

A mixed-use development on the site of a Toyota of Hollywood location is moving forward with the City of Los Angeles’ blessing.  The Los Angeles City Planning Commission voted to uphold the approval of a proposal to turn the Toyota of ...

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  • 07 Nov
  • The Real Deal
  • Uncategorized
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Rob Lowe closes sale of Beverly Hills contemporary for $4M after price cuts

Rob Lowe and his wife Sheryl Berkoff struck a deal to sell their Beverly Hills home this week after trying their hand with different listing agents and price points.   The “St. Elmo’s Fire” and “West Wing” actor, along with Berkoff, ...

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  • 07 Nov
  • The Real Deal
  • Uncategorized
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Digital Realty drops $9M per acre on Vernon data center site

A data center site in the Los Angeles area fetched nearly $50 million as developers race to meet demand for digital space. Real estate investment trust Digital Realty bought a 5.4-acre property in Vernon for $48.8 million with plans to ...

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  • 07 Nov
  • The Real Deal
  • Uncategorized
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Aflalo family looks to offload four entitled Beverly Hills sites 

The Aflalo family hopes to sell four parcels entitled for a combined 368 residential units in Beverly Hills, according to a new offering memorandum from Westmack Commercial Brokerage Company. The parcels, all builder’s remedy projects ...

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  • 06 Nov
  • The Real Deal
  • Uncategorized
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