Category: Uncategorized

Former Douglas Elliman broker and “Rich Kids of Beverly Hills” star Brendan Fitzpatrick is accused of running a more than $80 million Ponzi scheme.  Fitzpatrick, now based in Palm Beach, has been named in a series of lawsuits tied to Carbonatik, his company that marketed itself as a mining and commodities business with interests in…

A historic mansion in Pasadena is ready for its close-up, hitting the market for 56 percent more than its 2025 sale price.  The Tudor-revival home at 380 South San Rafael Avenue is for sale for $32 million, Mansion Global reported. The 1928-built home last traded a year ago for $20.5 million.  The property has more…

Belwood Investments’ last-ditch effort to skirt foreclosure on a Malibu property came up short, according to a court ruling that put the property into the hands of the lender.  It all started with an ultra-luxury fix-and-flip project gone south, after which the Newport Beach-based firm landed in hot water with lenders and attempted to hide…

A developer wants to build a four-story apartment building near West Hollywood’s city limits.  Property owner Dariush Lamy submitted plans to the West Hollywood Planning Commission’s Design Review Subcommittee for a four-story building with nine units at 1280 North Sweetzer Avenue, Urbanize Los Angeles reported. The vacant lot spans 6,800 square feet.  The developer is…

Onni Group has gotten the green light from Los Angeles city planners for a mixed-use project in the Arts District. The Los Angeles City Planning Commission approved a proposal from the developer for twin residential towers at 2143 East Violet Street, Urbanize Los Angeles reported. The buildings would include 474 units across roughly 569,000-square feet.…

Abraham Assil’s persistence is closer to paying off. His firm Westland Development Group’s Beverly Hills development site that spent more than a decade in the entitlement pipeline is moving into construction after an $85 million funding injection. Mar Vista-based Westland Development Group scored construction financing for the 140-unit mixed-use project at 55 North La Cienega…

Elk Development owes about $60 million on Hollywood apartments, according to two notices of default dated early June.  Acres Capital loaned Elk around $41 million via a construction note five years ago. The note was amended and increased to $44 million. The loan was later sold, and now the current noteholder, who claims Elk defaulted…

Meg Ryan’s former Montecito estate is back on the market a year after the actress flipped the property.  The oceanview compound at 857 Picacho Lane has returned to the market asking $19.9 million, roughly $3.1 million more than the $16.8 million the buyer paid for the property just over a year ago, Realtor.com reported. The…

HVN Development is doubling down in Westchester with latest affordable housing push. Irvine-based HVN filed an application with the City of Los Angeles to build a five-story, 77-unit affordable housing development at 8811 South Reading Avenue just northeast of Los Angeles International Airport in Westchester, Urbanize Los Angeles reported.  The plans call for a mix…

The priciest home to go into contract in Los Angeles County last week was at 917 Oxford Way in the famed Beverly Hills’ 90210 ZIP code, asking just under $15 million. The six-bedroom, six-bathroom home spanning more than 7,500 square feet topped luxury contracts in the area, based on a report compiled by Marcy Roth…