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Author: The Real Deal

Beverly Hills cites anti-segregation laws in rejecting Crescent Heights’ builder’s remedy proposal

The City of Beverly Hills has rejected a proposed builder’s remedy project after allowing other projects in the enclave to proceed, citing concerns over socioeconomic segregation as a factor. The Beverly Hills Planning Commission ...

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  • 06 Nov
  • The Real Deal
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AEG sets stage for mixed-use tower near LA Live

Entertainment giant AEG Worldwide pulled back the curtain on the latest plans for a mixed-use tower on a surface parking lot in Downtown Los Angeles. The company, also known as Anschutz Entertainment Group, submitted an application to ...

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  • 06 Nov
  • The Real Deal
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Babyface’s Hollywood studio with upstairs residence hits market for $7M

Name a recording artist and they’ve probably been holed up in the Hollywood studio of Kenneth “Babyface” Edmonds at some point in their careers. That industry history is now up for sale, with the award-winning artist and producer ...

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  • 06 Nov
  • The Real Deal
  • Uncategorized
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Tracy Tutor, Hudson Advisory among latest investors in Josh Flagg’s Estate Media

The real estate entertainment and media platform co-founded by “Million Dollar Listing Los Angeles” star Josh Flagg landed a new capital infusion. Estate Media closed on a $1 million seed round, bringing its total raised to date to ...

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  • 06 Nov
  • The Real Deal
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Venice motel-to-housing conversion moves ahead after years on back burner

Work has finally begun on a city-funded project to convert a decommissioned Venice hotel into permanent housing for formerly homeless individuals.  Redevelopment of the former Ramada Inn at 3130 West Washington Boulevard into housing ...

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  • 05 Nov
  • The Real Deal
  • Uncategorized
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Lincoln, Artemis joint venture strikes again with $65M OC industrial buy

Lincoln Property Company and Artemis Real Estate Partners have joined forces to buy an Orange County industrial facility.  Paper Mart, a family-owned packaging supply company with a century-long history, sold its 250,000-square-foot ...

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  • 05 Nov
  • The Real Deal
  • Uncategorized
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Hudson Pacific posts $136M loss amid film studio pain 

More losses at Hudson Pacific Properties.  The Los Angeles-based real estate investment trust reported a loss of $136.5 million in the third quarter compared to $97.9 million a year earlier. That put losses for the nine months ending ...

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  • 05 Nov
  • The Real Deal
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CIM beefs up Mid-Wilshire mixed-use hub with more resi units

CIM Group is adding more units to its planned housing project at the former Farmers Insurance campus in Mid-Wilshire.  The local firm is calling for the construction of a two-story building with 50 apartments and parking for 51 ...

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  • 05 Nov
  • The Real Deal
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Irvine office park in line for resi conversion

Cityview is looking to turn an office complex in Irvine into housing.  The Los Angeles-based firm has filed plans for a 422-unit residential building at the two-building Newport Summit office park at 19600 and 19700 Fairchild Road, the ...

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  • 04 Nov
  • The Real Deal
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Lincoln drops $70M on Manhattan Beach office for resi redev

Lincoln Property Company purchased a five-story Manhattan Beach office building on the Rosecrans Avenue corridor with multifamily redevelopment plans. The Dallas-based firm paid $70 million, or $569 per square foot for the ...

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  • 04 Nov
  • The Real Deal
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