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Oaktree Capital lands $24M in C-PACE finance for DTLA office tower

Oaktree Capital Management has scored $24 million in C-PACE financing to renovate a 48-story office tower it seized two years ago in a foreclosure in Downtown Los Angeles. The locally based investor secured the retroactive Commercial ...

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  • 21 Jan
  • The Real Deal
  • Uncategorized
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Brentwood estate asking $35M tops LA home contracts

Signed contracts for luxury homes in Los Angeles County resumed as the holidays fade from memory and rebuilding efforts begin in fire-torn areas. The Eklund Weekly Luxury Report Los Angeles counted 26 new signed contracts in the County ...

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  • 21 Jan
  • The Real Deal
  • Uncategorized
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Bass appoints developer Steve Soboroff to rebuild LA from the ashes

One leading Los Angeles developer has been tasked with leading the rebuilding of Pacific Palisades and surrounding areas after the L.A. wildfires: Steve Soboroff. Mayor Karen Bass named the managing director of Soboroff Partners and ...

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  • 20 Jan
  • The Real Deal
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Owner wants to stuff granny flats under landmark LA apartments

The owner of a historic apartment building in L.A.’s Windsor Square wants to add eight granny flats to its basement. Allen Gross has filed plans to add the accessory dwelling units beneath the Los Altos Apartments at 4121 Wilshire ...

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  • 20 Jan
  • The Real Deal
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LA brokers find rentals for fire victims through pocket listings

It’s not just about location. It’s about who you know. In the aftermath of the massive Los Angeles area wildfires that torched at least 12,000 structures, real estate agents are placing refugees in homes through pocket listings, also ...

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  • 20 Jan
  • The Real Deal
  • Uncategorized
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Peebles, MacFarlane sue city for thwarting $1.6B Angels Landing project

Developer Don Peebles and partner Victor MacFarlane have sued the City of Los Angeles for allegedly unlawfully terminating their contract to build the $1.6 billion Angels Landing project Downtown, which would have been among the ...

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  • 17 Jan
  • The Real Deal
  • Uncategorized
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Palisades broker describes “wave of emotions” from LA fires

Amalfi Estates founder Anthony Marguleas and his family lost their Pacific Palisades home last week in the fire. His boutique brokerage’s office in the Palisades — left with significant smoke damage and blown out windows — is not safe ...

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  • 17 Jan
  • The Real Deal
  • Uncategorized
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Irvine to consider tougher regulations for warehouse development

Many cities would welcome industrial warehouses of 500,000 square feet, but not Irvine, which is considering tougher rules or a complete ban. The Orange County city is looking to reject a proposal from an affiliate of IRA Capital to ...

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  • 17 Jan
  • The Real Deal
  • Uncategorized
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Needle for estimated LA fire damages swings from $50B to $275B

The estimated cost of economic damage from L.A. County firestorms last week ranged from $36 billion to $275 billion — in other words, all over the fire destruction map. While some forecasters say it’s too early to peg the damages from ...

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  • 16 Jan
  • The Real Deal
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Amid claims of price gouging, agents say not all are “bad apples”

On the fifth day of the Los Angeles wildfires, “Selling Sunset” star Jason Oppenheim told the BBC that landlords were illegally hiking rents as displaced Angelenos stoked demand. “This isn’t the time to be taking advantage,” Oppenheim ...

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  • 16 Jan
  • The Real Deal
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