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Author: The Real Deal

No, CEQA’s not “dead,” so who wins and loses with the latest exemptions?

After new legislation passed defanging parts of the California Environmental Quality Act, Holland & Knight partner Daniel Golub received an email from someone proclaiming, “CEQA is dead.” It’s not. Still, the passage of budget ...

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  • 15 Jul
  • The Real Deal
  • Uncategorized
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Shopoff Realty gets green light for 18-acre housing project in Orange County

Shopoff Realty is making another housing play in Orange County.  The Irvine-based developer has secured approvals to develop an 18-acre plot of land in Fountain Valley into mixed-income housing, Urbanize Los Angeles reported. The ...

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  • 15 Jul
  • The Real Deal
  • Uncategorized
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Los Angeles County retail vacancy rate reaches dizzying “historic” peak

Vacancies in Los Angeles County’s retail market have reached a concerning new high.  L.A. County has more than 19 million square feet of empty retail space, accounting for an 8.4 percent year-over-year increase in empty space, L.A. ...

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  • 15 Jul
  • The Real Deal
  • Uncategorized
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LA signed resi contracts volume jumps over 300% as “Entourage House” finds buyer

The hillside estate of “Entourage”’s fictional movie star Vincent Chase has found a buyer. Nestled in the Bird Streets neighborhood, the estate at 9050 Oriole Way neighbors Leonardo DiCaprio’s home and is listed for nearly $25 million. ...

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  • 14 Jul
  • The Real Deal
  • Uncategorized
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California to create new housing agency to meet shortage crisis

California is poised to get a new state agency focused exclusively on housing issues.  Legislators in the Golden State, which has become the nation’s housing shortage hotbed over the years, had until July 4 to veto Gov. Gavin Newsom’s ...

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  • 14 Jul
  • The Real Deal
  • Uncategorized
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Irvine voters could strike down Irvine Company’s golf course conversion

Irvine Company’s planned project to turn a golf course site in Irvine into housing could come before voters at some point in the future.  Irvine City Council members are currently considering putting the redevelopment of Oak Creek Golf ...

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  • 14 Jul
  • The Real Deal
  • Uncategorized
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Crescent Heights plans LA’s biggest condo conversion project in 52 years

Los Angeles could be poised to see its biggest condominium conversion project in decades if Crescent Heights gets its way.  The Miami-based developer has filed an application with the city of Los Angeles to convert Ten Thousand, a ...

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  • 14 Jul
  • The Real Deal
  • Uncategorized
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Pasadena Office Tower loses more than half its value in a decade, worth less than debt tied to it

There was lots of distress throughout Los Angeles this week.    Let’s start with the Pasadena Office Tower. The nine-story tower at 150 South Los Robles Avenue was reappraised at $23 million, a 59 percent decrease from its appraisal a ...

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  • 12 Jul
  • The Real Deal
  • Uncategorized
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Newsom: Eaton Fire utility lawsuits could stretch already “stressed” California Wildfire Fund

Any anniversary is a good time for reflection. California Gov. Gavin Newsom was in Pasadena on July 7, along with Los Angeles County Supervisor Kathryn Barger, U.S. Senator Alex Padilla and other state and local leaders. They were ...

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  • 12 Jul
  • The Real Deal
  • Uncategorized
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DTLA’s One California Plaza value plummets 74%, lands in foreclosure

After landing in special servicing due to imminent monetary default last year, Rising Realty Partners’ One California Plaza in Downtown Los Angeles is in foreclosure, according to Trepp. The Class A office property’s appraised value ...

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  • 11 Jul
  • The Real Deal
  • Uncategorized
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