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Los Angeles issues fewer residential permits in first half of 2024

The City of Los Angeles has permitted far fewer homes this year, despite demand. From January through June, the city approved permits to build 5,208 homes, 18.9 percent fewer than the first half of last year, Urbanize Los Angeles ...

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  • 22 Jul
  • The Real Deal
  • Uncategorized
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Manhattan Beach property breaks city record again with $24.5M trade

South Bay broker Bryn Stroyke represented the seller this week in Manhattan Beach’s priciest home sale. It’s his third time selling the beachfront property. Ty Bergman, co-founder of the Bergman Properties team at Equity Union Real ...

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  • 22 Jul
  • The Real Deal
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KeyBank sued over derailed $122M deal for Skims-leased Hollywood offices

Kingsbarn Realty Capital has sued its lender over a derailed $121.8 million acquisition of a Hollywood office property that’s leased to Kim Kardashian’s Skims clothing brand, The Real Deal has learned.   Las Vegas-based Kingsbarn, ...

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  • 19 Jul
  • The Real Deal
  • Uncategorized
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Brookfield’s Gas Company Tower in DTLA heads to auction

Brookfield Properties’ Gas Company Tower in Downtown Los Angeles is officially up for grabs. Lenders on the 52-story tower have scheduled a foreclosure auction for the property on Aug. 16, according to a notice of trustees’ sale filed ...

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  • 19 Jul
  • The Real Deal
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Justice Department investigates California Realtors’ sales paperwork

Federal investigators will look into California Association of Realtors’ forms and contracts that a national consumer group calls “anti-consumer” and “unreadable.” The U.S. Justice Department has launched a “formal inquiry” into the ...

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  • 18 Jul
  • The Real Deal
  • Uncategorized
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LA sues Airbnb guru over allegedly illegal short-term rental listings

Vlad Yurov built an online following by teaching people how to get into the short-term rental business. He touted himself as a “seven-figure Airbnb host” who could help others quit their day jobs and get into the industry.  “Real ...

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  • 18 Jul
  • The Real Deal
  • Uncategorized
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LA County approves legal aid for tenants facing eviction

Some Los Angeles County tenants will get free lawyers to help them fight pending evictions. The Board of Supervisors unanimously approved free legal aid for residents facing evictions in unincorporated areas, the Los Angeles Daily News ...

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  • 18 Jul
  • The Real Deal
  • Uncategorized
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Pacific Retail to reposition indoor mall in Palm Desert

Indoor malls have been dying for years, but Pacific Retail Capital Partners is plucking two zombies in Palm Desert and New Jersey from the dust. The Century City-based investor led by Steve Plenge will soon revamp The Shops at Palm ...

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  • 18 Jul
  • The Real Deal
  • Uncategorized
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LA’s industrial vacancy ticks up as rents fall

Los Angeles’ industrial market isn’t as hot as it once was because of people pulling back from shopping. At the end of the second quarter, 3.7 percent of all industrial space was available, marking a 14.5-year high, according to a ...

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  • 17 Jul
  • The Real Deal
  • Uncategorized
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Minskoff Equities defaults on Playa Vista office with $271M debt

Edward J. Minskoff Equities has defaulted on an office complex in Playa Vista, owing $271 million in unpaid debt, The Real Deal has learned. EJM Equities defaulted on a $250 million loan tied to The Bluffs from Morgan Stanley, which ...

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  • 17 Jul
  • The Real Deal
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  • Recent Posts

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