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Surgeon prescribes medical building for Santa Monica market

An orthopedic surgeon wants to replace a shuttered pool hall in Santa Monica with a three-story medical office and surgery building. Dr. Babak Samimi has filed plans to build the 23,600-square-foot building at 1901 Wilshire Boulevard, ...

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  • 24 Sep
  • The Real Deal
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Creative Media converts top-floor offices to apartments in LA

Creative Media & Community Trust has turned the top floors of an office building in Mid-Wilshire into luxury apartments. The Dallas-based real estate investment trust, a publicly traded unit of CIM Group, converted the top two ...

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  • 23 Sep
  • The Real Deal
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$26M Brentwood listing to test LA luxe market’s “pent-up demand”

Developer Phillip Braunstein and Bond Street Partners’ David Parnes walked through the recently completed property at 1104 Tigertail Road last week. It took a little over five years to get to that point. The home, which lists Monday ...

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  • 23 Sep
  • The Real Deal
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Worthe Real Estate hires investment veteran to run inaugural fund

Worthe Real Estate Group has hired a chief investment officer to run its first real estate fund. The Santa Monica-based developer has named Chris Graham to run the firm’s inaugural fund, dubbed Worthe Fund 1, which will buy, reposition ...

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  • 23 Sep
  • The Real Deal
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Newsom signs package of laws to spur housing development

Gov. Gavin Newsom has signed a stack of housing bills aimed at boosting housing production and lowering homelessness across California.  The governor put his Hancock on seven of 32 bills intended to increase housing affordability, ...

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  • 23 Sep
  • The Real Deal
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Washington Prime’s Westminster Mall inches toward sale

A sale of Washington Prime Group’s struggling Westminster Mall is expected to move forward. The deal could close in the next 45 to 60 days, according to an update from Morningstar Credit Analytics. That’s after an $85 million loan on ...

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  • 20 Sep
  • The Real Deal
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Shopoff to build homes and hotel on tank farm in Huntington Beach

Shopoff Realty Investments got the nod to build 250 homes and a 215-room boutique hotel atop a former oil tank farm in Huntington Beach. The Irvine-based developer led by Bill Shopoff was approved by the City Council to construct the ...

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  • 20 Sep
  • The Real Deal
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MLC Holdings to replace OC’s Trinity Broadcasting campus with homes

The former campus of the Trinity Broadcasting Network may not achieve everlasting life. MLC Holdings, a unit of Scottsdale-based Meritage Homes, has filed plans to replace the former Christian television facility with 126 townhomes and ...

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  • 20 Sep
  • The Real Deal
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Kurt Rappaport pads his portfolio with $23M Malibu deal

If anyone would know a good deal, it’s Los Angeles power agent Kurt Rappaport. The home broker — who has worked with the likes of Tom Brady, Brad Pitt and Ellen DeGeneres among other high-profile clients — just expanded his personal ...

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  • 20 Sep
  • The Real Deal
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Developer occupies Calabasas site in protest to block tax auction

Los Angeles County officials are said to have scheduled an auction for a 27-acre site atop the Calabasas hills. However, the owner of the site is refusing to budge, occupying the property in protest while accusing local officials of ...

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  • 19 Sep
  • The Real Deal
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  • Recent Posts

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