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Madison Realty unveils proposed apartment highrise in Santa Monica

Madison Realty Capital has unveiled a proposed 18-story apartment building in Santa Monica on an approved site once filed as a builder’s remedy project by Neil Shekhter. The New York-based private equity firm plans to build the ...

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  • 23 Oct
  • The Real Deal
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Hines buys massive self-storage facility in Cerritos for $91M 

Hines has bought a 2,460-unit self-storage facility in Cerritos for $91 million. The Texas-based developer bought the 260,300-square-foot Extra Space Storage at 17900 Crusader Avenue, next to the 605 Freeway, the Orange County Business ...

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  • 22 Oct
  • The Real Deal
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Bel-Air home with private vineyard tops LA County contracts

 A 1920s Bel-Air estate asking $46 million helped boost Los Angeles County’s signed contracts last week, but it wasn’t enough to offset an overall slowdown in deal-making. Total signed contracts fell to 16 for the week ended Oct. 20, ...

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  • 22 Oct
  • The Real Deal
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Oscar Engelbert and Jens Grede Buy Beverly Hills Offices for $61M

Swedish luxury developer Oscar Engelbert planted another flag in Los Angeles as his once mighty Scandinavian business, Oscar Properties, founders in debt, The Real Deal has learned. Engelbert teamed up with fashion entrepreneur Jens ...

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  • 22 Oct
  • The Real Deal
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Faring pitches 315 townhomes and apartments along the 405 in Carson

Faring Capital has pitched a plan to build 315 townhomes and apartments in Carson. An affiliate of the West Hollywood-based developer led by Jason Illoulian has filed plans to build the homes on a triangular site at 21212 Avalon ...

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  • 22 Oct
  • The Real Deal
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Fletcher Jones plans to occupy 136K spec warehouse in Irvine

UPDATED OCT. 21 at 4:45 p.m.: Fletcher Jones Management Group plans to occupy a 136,000-square-foot warehouse and office building in Irvine. The Las Vegas-based owner of the largest collection of Mercedes-Benz dealerships in the U.S. ...

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  • 21 Oct
  • The Real Deal
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Teen obsession turns into career for two LA luxury home brokers

As teenagers, The Beverly Hills Estates’ Jack Harris and Michael Fahimian argued over the best luxury residential streets, talked through negotiations and analyzed deals. They were 13 when they met at a tennis tournament and later ...

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  • 21 Oct
  • The Real Deal
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Sagard sells five-building office campus in Tustin for $28M

Sagard Real Estate has sold a five-building office campus in Tustin for $27.5 million. The unit of Denver-based Sagard led by Rick Stone sold the 185,000-square-foot Tustin Financial Plaza at 17772, 17782, 17822, 17852 and 17862 East ...

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  • 21 Oct
  • The Real Deal
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Pinelux to convert landmark Long Beach bank building into homes

Pinelux Associates wants to turn a 118-year-old landmark office building known for its corner clocktower in Downtown Long Beach into 70 apartments. The locally based investor led by Christopher Mata has filed plans to convert the ...

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  • 21 Oct
  • The Real Deal
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Residential deals drive Measure ULA revenues, report finds

Measure ULA proponents may have justification for the nickname “mansion tax.” Single-family residential transactions account for the largest bucket of money generated so far by the property transfer tax. Revenue from the residential ...

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  • 18 Oct
  • The Real Deal
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