Category: Uncategorized

One of Bel Air’s most prominent family compounds has come to market.  Villa Cresta, the longtime home of late financier John Hotchkis and arts patron Joan Hartley Hotchkis, has been listed for $65 million. The more than 4-acre estate is being marketed by Compass’ David Kramer and Andrew Buss and is being sold through the…

The Samueli family’s multibillion-dollar OC development landed a tenant. The mixed-use district, backed by Anaheim Ducks owners and billionaires Henry and Susan Samueli, inked a deal with Kiln. Kiln, a coworking company, will rent the Weave offices that anchor the development called OCVibe in Anaheim. The timber office building is six stories and about 170,000…

As state and local races were called this past week following the June 2 primary, real estate money has fewer candidates to turn to.  For Los Angeles mayor, City Council member Nithya Raman took down reality TV star Spencer Pratt — who had notable real estate backers, including Westside Estate Agency’s Kurt Rappaport and billionaire…

It was a DTLA week — so, let’s take it from the top.  Northwind announced it made a $132 million first-mortgage acquisition note to back 601W’s purchase of Wells Fargo Center’s North Tower, distressed offices downtown owned by Brookfield.  The price tag on 333 South Grand Avenue wasn’t disclosed, but sources previously told The Real…

Los Angeles Rams quarterback Matthew Stafford trims his Hidden Hills holdings, unloading three luxury homes for $21.3 million in back-to-back deals in a matter of hours.  The sales comprise three homes at 5841 Round Meadow Road that became rapper Drake’s former “YOLO Estate,” Realtor.com reported. The properties had spent nearly two years on and off…

A mansion in Pasadena made famous by a 1980s television brawl just hit the market for an eye-popping sum.  The Arden Villa at 1145 Arden Road is up for sale for $45 million, Robb Report reported. The home served as the backdrop for the famous lily pond fight between Linda Evans and Joan Collins in…

A signature homelessness initiative championed by Mayor Karen Bass is facing mounting scrutiny after hundreds of taxpayer-funded apartments meant for homeless residents sat empty while public agencies continued paying rent. At the same time, federal authorities froze funding for the Los Angeles Homeless Services Authority alleging financial mismanagement. More than one-third of the units in…

Rockpoint is adding a nearly 100-unit apartment community in Westwood to its nationwide multifamily portfolio.  The Boston-based private equity firm acquired Wilshire Margot, a 97-unit mid-rise property at 10599 Wilshire Boulevard, from NMS Residential, L.A. Business First reported. Terms of the deal were not disclosed, though the property is valued at $61.5 million, according to…

An elusive mansion in Laguna Beach’s coveted Emerald Bay sold for $110 million, setting an all-time price record for Orange County, The Real Deal has learned.  The 2021 sale of an 18,000-square-foot home in Abalone Point held the previous record at $70 million. Public details about the home are miniscule, and insiders are bound by…

Wellpointe is moving forward with its affordable senior housing development in Warner Center.  The senior housing operator filed plans with the Los Angeles Department of City Planning for a four-tower, 100 percent affordable assisted living complex at 6400 Canoga Avenue in Woodland Hills, Urbanize Los Angeles reported. The proposal comes roughly six months after an…