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Newsom joins Trump in targeting big investors buying homes

Gov. Gavin Newsom is taking aim at institutional investors making purchases in the residential market.  Following a similar announcement by President Donald Trump, Newsom is planning to work with local legislators to prevent private ...

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  • 09 Jan
  • The Real Deal
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Billionaires flee California as 5% wealth tax ballot measure looms

Billionaires are leaving California in droves in the face of a ballot initiative seeking to place a 5 percent tax on their wealth.  At least six dozen billionaires left the Golden State before the new year and more than a dozen others ...

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  • 09 Jan
  • The Real Deal
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59 townhomes plotted for empty lot in Pomona

Several dozen townhomes are slated to rise on an empty lot in Pomona.  G3 Urban is seeking approval for its Foothill Place plan, which calls for the construction of 59 attached condominium units at 700 East Foothill Boulevard, Urbanize ...

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  • 09 Jan
  • The Real Deal
  • Uncategorized
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California Department of Real Estate settles case with real estate exam training company

The California Department of Real Estate is settling its case against Real Estate Trainers  Inc. and its former president, Lance McHarg.  Under the agreement, McHarg and Real Estate Trainers Incorporated, founded in 1972 by Bob Morris ...

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  • 09 Jan
  • The Real Deal
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JRK grabs Equity Residential apartments in LA, Seattle, NJ

JRK Property Holdings ended 2025 with a three-property multifamily portfolio purchase that brought its annual spending to a new record for the firm.  Los Angeles-based JRK Property Holdings paid $400 million for residential ...

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  • 08 Jan
  • The Real Deal
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Blackstone unloads Torrance hotel in $54M deal

Blackstone has sold an extended-stay, Marriott-branded hotel in Torrance, near Redondo Beach for about $54 million, or roughly $218,000 per key, according to property and business records.  Blackstone’s Matt Vizza, a managing director ...

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  • 08 Jan
  • The Real Deal
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Newsom pledges $107M in state funds for affordable housing prioritizing wildfire victims

Gov. Gavin Newsom is allocating more than $100 million in state funds to build affordable homes for victims of the Palisades and Eaton fires.  On Tuesday, the day before Los Angeles marked the one-year anniversary of the deadly ...

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  • 08 Jan
  • The Real Deal
  • Uncategorized
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John Stanaland says buh-bye to Elliman in move to The Agency

Changes are afoot in coastal Orange County, with The Agency making big moves for its Corona del Mar office to kick off the year. The Mauricio Umansky-led brokerage said it brought on luxury O.C. veteran John Stanaland and his ...

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  • 08 Jan
  • The Real Deal
  • Uncategorized
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LWK, Cypress, Sabal JV spends $30M for workforce housing portfolio in LA

Cypress Equity Investments, LWK Partners and Sabal Investment Holdings have made their first purchase under a new joint venture.  The firms bought a 75-unit workforce housing portfolio in Los Angeles for $30 million, Commercial ...

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  • 08 Jan
  • The Real Deal
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“They let us burn”: Palisades rally blasts local, state pols for wildfire handling

Residents and business owners gathered Wednesday in the Pacific Palisades as they pointed the finger at local and state officials for bungling the recovery and prevention of last year’s deadly wildfires. Called the “They let us burn” ...

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  • 07 Jan
  • The Real Deal
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  • Recent Posts

    • Newsom joins Trump in targeting big investors buying homes January 9, 2026
    • Billionaires flee California as 5% wealth tax ballot measure looms January 9, 2026
    • 59 townhomes plotted for empty lot in Pomona January 9, 2026
    • California Department of Real Estate settles case with real estate exam training company January 9, 2026
    • JRK grabs Equity Residential apartments in LA, Seattle, NJ January 8, 2026
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