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Gaines pays $42M for office building with 16 stories in Irvine

Gaines Investment Trust has bought a 16-story office building in Irvine for $42 million. The La Jolla-based investor purchased the 311,000-square-foot property at 2600 Michelson Drive, the Orange County Business Journal reported. The ...

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  • 13 Jan
  • The Real Deal
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Miramar buys Inland Empire manufacturing campus for $86M

Miramar Capital has bought a 332,700-square-foot industrial campus in the Inland Empire for $86 million. The Sawtelle-based investor purchased the three-building Serrano Industrial Park at 4350, 4388 and 4420 Serrano Drive, in Jurupa ...

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  • 13 Jan
  • The Real Deal
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Norges Bank invests $1.1B for a stake in 40 SoCal warehouses

A Norwegian Bank has bought a stake in 40 logistics warehouses across Los Angeles County, Orange County and the Inland Empire. Norges Bank Investment Management, a sovereign wealth fund for Norway’s government pensioners, paid $1.07 ...

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  • 13 Jan
  • The Real Deal
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Man sues Common after rooming with alleged serial killer 

A Common tenant had a rather uncommon — and frightening — experience with the company, prompting a lawsuit. William Castagna filed a lawsuit against the co-living company in Los Angeles Superior Court on Wednesday, Business Insider ...

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  • 11 Jan
  • The Real Deal
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Supply-demand imbalance from fires stokes LA rent price-gouging

L.A.’s high-end rental market has brought out the best and worst in people as dwindling supply and bidding wars fuel inflation. “It’s incredible. This is where we really see true colors in people,” Pardee Properties CEO Tami Pardee ...

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  • 10 Jan
  • The Real Deal
  • Uncategorized
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“Disaster capitalism”: As LA fires rage, vultures circle the ashes

The Palisades Fire was still careening up the California coast when a Miami broker took to X to sound the alarm: the vultures were circling.  The agent, Hugo Cardona, said his good friend had lost his Pacific Palisades home to the ...

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  • 10 Jan
  • The Real Deal
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Orange County home prices jump 7.7%, highest gains in the nation

The price of homes in Orange County has shot up faster than anywhere in the nation. The overall cost of a single-family home jumped 7.7 percent over the past year, as OC led the nation in gains among the top 30 metropolitan areas, ...

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  • 10 Jan
  • The Real Deal
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“Revolt and protest”: Grant Cardone calls for lawsuits over LA fires

Just hours after Grant Cardone called on Gov. Gavin Newsom to resign over his handling of the Los Angeles wildfires, the litigious head of Cardone Capital rallied his followers on social media to take legal action against the governor, ...

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  • 10 Jan
  • The Real Deal
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Historic Thelma Todd building survives fury of the Palisades Fire

The nearly century-old location of the former Thelma Todd’s Sidewalk Café has defeated the odds and is still standing at 17575 Pacific Coast Highway in Pacific Palisades, surrounded by homes reduced to ash, according to landlord Robert ...

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  • 10 Jan
  • The Real Deal
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Commercial properties exposed to LA wildfires worth at least $2.6B

The Los Angeles wildfires have laid waste to celebrities’ Malibu mansions and Pacific Palisades homes in the thousands.  But there are also $2.6 billion worth of commercial properties in the path of destruction, according to an ...

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  • 10 Jan
  • The Real Deal
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