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Palisades manse with waterfall and $13M ask tops contract list

The number of signed contracts for luxury houses remains robust in Los Angeles County, with a Pacific Palisades home leading the way last week.   The home at 500 Toyopa Drive with a nearly $13 million ask topped the county’s list of ...

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  • 15 Oct
  • The Real Deal
  • Uncategorized
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Gortikov Capital pays $120M for Santa Monica multifamily portfolio

Bryan Gortikov is poised to overtake Neil Shekhter as the new affordable housing maven of Santa Monica. His Gortikov Capital bought a 399-unit income-restricted multifamily portfolio in the beachside city west of Los Angeles from ...

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  • 15 Oct
  • The Real Deal
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Caruso’s Corinne Verdery wants more residential with Rick’s retail

Rick Caruso’s eponymous firm, Caruso, looks to grow beyond the Golden State and shopping malls. The Fairfax-based retail developer plans to greatly expand its residential projects and build outside California, according to the Los ...

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  • 15 Oct
  • The Real Deal
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KPC breaks ground on $300M hotel in Kroenke’s Hollywood Park

KPC Development has broken ground on a $300 million hotel in Inglewood, the only lodge inside Stan Kroenke’s Hollywood Park and SoFi Stadium development. The unit of Corona-based KPC Group led by Dr. Kali Chaudhuri is building the ...

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  • 15 Oct
  • The Real Deal
  • Uncategorized
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Hollywood’s Jeff Sagansky and Elie Samaha duel to buy Dolby Theatre

Hollywood executive Jeff Sagansky and producer Elie Samaha are in a red carpet tug-of-war over the purchase of the Hollywood’s Dolby Theatre, host of the annual Academy Awards show. Both Sagansky and Samanha have talked to the owner to ...

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  • 14 Oct
  • The Real Deal
  • Uncategorized
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Irvine rezones land by John Wayne despite airport commission concerns

The City of Irvine has rezoned a business district next to John Wayne Airport for 15,000 homes, overriding airport commission concerns about aircraft noise, safety and land use incompatibility. The City Council, pressured by a state ...

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  • 14 Oct
  • The Real Deal
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Westside Estate Agency recruits luxe broker Stuart Vetterick

Westside Estate Agency has wooed Stuart Vetterick from Hilton & Hyland, The Real Deal has learned. The star agent had worked with the brokerage since 2018. Since then, co-founders Jeff Hyland passed away and Rick Hilton left to ...

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  • 14 Oct
  • The Real Deal
  • Uncategorized
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UCLA benefactors’ Beverly Park manse makes market debut at $27M

UCLA sports benefactors Nahum and Alice Lainer have listed their Beverly Park estate for $26.5 million, marking the first time the property has gone up for sale. The Lainers built the roughly 8,000-square-foot home at 28 Beverly Park ...

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  • 11 Oct
  • The Real Deal
  • Uncategorized
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More than half of California renters challenged by housing costs

More than half of California tenants strain to pay their rent, while more than a third of homeowners are burdened by housing costs. Last year, 56 percent of statewide renters spent 30 percent or more of their income on housing, the ...

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  • 11 Oct
  • The Real Deal
  • Uncategorized
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Commercial property sales in LA County spiral down 18%

Commercial property sales across greater Los Angeles have hit the bottom of the bucket, with office and industrial sales falling through the hole. Commercial sales in Los Angeles County are down 18.4 percent since January, compared to ...

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  • 10 Oct
  • The Real Deal
  • Uncategorized
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  • Recent Posts

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