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Bass dissents as Newsom signs SB 79 into law

Senate Bill 79, the landmark legislation allowing for transit-oriented upzoning across the state, is now officially on the law books. But not all officials are happy.  Despite Gov. Gavin Newsom’s signature of the bill last week, Los ...

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  • 13 Oct
  • The Real Deal
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$2B Powerball winner drops $10M on lots in fire-scarred Altadena  

A Powerball winner is using his winnings to help rebuild his hometown of Altadena.  Edwin Castro, who bought a record $2 billion Powerball lottery ticket at a gas station in 2022, is one of the biggest buyers of lots in Altadena after ...

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  • 13 Oct
  • The Real Deal
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Frank McCourt leads Homeboy Industries’ DTLA development fundraising

Homeboy Industries is hoping to expand in downtown Los Angeles with 200 apartments and a 35,000-square-foot mental health facility, and it has fundraising support from a billionaire.  The nonprofit focusing on youth programs and ...

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  • 13 Oct
  • The Real Deal
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Focus on TRD Data: Luka Dončić’s out of luck on psf comparison in Manhattan Beach

The top Manhattan Beach single-family sale in the first half of the year fetched $4,719 per square foot — nearly $2,000 above the city’s record deal, according to Los Angeles County tax assessor data covering the period. The ...

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  • 13 Oct
  • The Real Deal
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Longshot gubernatorial candidate Penner makes case to commercial real estate execs

Commercial real estate professionals shuffled through a film set and gathered at stages five and six at the Lot at Formosa Wednesday morning — and after chatting over coffee and some very-L.A. breakfast burritos, they heard from Ethan ...

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  • 11 Oct
  • The Real Deal
  • Uncategorized
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Vroman’s bookstore sells for $15.5M

Vroman’s, an independent bookstore with more than a century of history on Pasadena’s famed Colorado Boulevard, has sold for $15.5 million, new owner GD Realty told The Real Deal.  The bookstore is the oldest in Southern California, ...

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  • 10 Oct
  • The Real Deal
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Apartments to replace Van Nuys office as state housing deadline looms

Apartments are poised to replace a low-slung commercial building in Van Nuys. Frank Melkonian, the CEO of Closet World, submitted an application to the Los Angeles Department of City Planning via Victory View LLC, Urbanize Los Angeles ...

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  • 10 Oct
  • The Real Deal
  • Uncategorized
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Drawbridge pays $78M for Costa Mesa offices, leases 190K sf to Palmer Luckey’s  Anduril for 190K sf lease

Drawbridge Realty just made some notable moves at a three-building office campus in Orange County.  The San Francisco-based firm just closed on the acquisition of The Hive office complex in Costa Mesa for $77.9 million, Commercial ...

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  • 10 Oct
  • The Real Deal
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Caruso: LA resi development market “redlined now”

Los Angeles-based developer Caruso hasn’t built in its hometown for years–and that’s intentional. Rick Caruso, who runs his namesake company, revealed that strategy on Thursday when he took the stage during Bloomberg’s Screentime ...

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  • 10 Oct
  • The Real Deal
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$2B DTLA project gets nod from Planning Commission 

Continuum Partners’ Fourth & Central in Downtown Los Angeles got the green light from the Planning Commission Thursday, inching the $2 billion project closer to final approval. Plans for the 7.6-acre site at 4th Street and Central ...

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  • 10 Oct
  • The Real Deal
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  • Recent Posts

    • Bass dissents as Newsom signs SB 79 into law October 13, 2025
    • $2B Powerball winner drops $10M on lots in fire-scarred Altadena   October 13, 2025
    • Frank McCourt leads Homeboy Industries’ DTLA development fundraising October 13, 2025
    • Focus on TRD Data: Luka Dončić’s out of luck on psf comparison in Manhattan Beach October 13, 2025
    • Longshot gubernatorial candidate Penner makes case to commercial real estate execs October 11, 2025
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