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Ed Niles-designed glass house in Beverly Hills has $35M price tag

An ultra-modern glass house in Beverly Hills, designed by architect Ed Niles, has hit the market for just under $35 million. An option to lease the 7,500-square-foot mansion at 1169 Loma Linda Drive is also available for $59,000 a ...

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  • 07 Jun
  • The Real Deal
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Co-owner of Newport Beach investment firm gets probation for $14M real estate scam

The co-owner of a Newport Beach-based investment firm who bilked investors out of nearly $14 million through bogus real estate deals will walk free without a day in prison. Louis Zimmerle, 64, a co-owner of BNZ Capital, was sentenced ...

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  • 07 Jun
  • The Real Deal
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Mystery buyer of Rihanna’s LA condo tied to former Mark Wahlberg pad

The buyer of Rihanna’s Century City penthouse appears to be on a shopping spree, assembling celebrity-owned properties into a growing portfolio.  The LLC buyer of the billionaire businesswoman and pop star’s former condo lists 71 ...

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  • 07 Jun
  • The Real Deal
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Advantage Mailing scoops up industrial building in Anaheim for $27M

Advantage Mailing has purchased a 95,700-square-foot industrial building in Anaheim for $26.8 million, the largest OC owner-user deal in five years. The locally based printing and distribution company led by Tom Ling bought the ...

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  • 07 Jun
  • The Real Deal
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Saman Kerendian’s Kian Investment lands $24M loan for 136 affordable units in Koreatown

Kian Investment has scored $24.4 million in financing to build a 136-unit affordable housing complex in Koreatown. The entity controlled by West Los Angeles-based Keren Management and led by Saman Kerendian landed the loan to build the ...

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  • 06 Jun
  • The Real Deal
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Fancy grocer Erewhon spends $12M on Glendale lot for new store

Glendale is getting an Erewhon, the luxury grocer famous for $20 smoothies and a hefty celebrity presence.  Erewhon bought a 24,000-square-foot building at 520 North Glendale Avenue and an adjacent parking lot for $12.4 million earlier ...

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  • 06 Jun
  • The Real Deal
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Prime Residential picks up 156-unit apartment complex in North Hollywood for $62M

Prime Residential has acquired a 156-unit apartment complex in North Hollywood for $62.1 million — $10 million less than what it traded for eight years ago. The San Francisco-based investor bought the five-story, mixed-use building at ...

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  • 06 Jun
  • The Real Deal
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Investor couple behind Sugarfina price their Bel-Air mansion at $115M

Financiers and Sugarfina board directors Paul Kessler and Diana Derycz-Kessler are listing their Bel-Air estate — named Villa Del Amor — for $115 million. The Kessler’s listing marks one of the priciest so far this year for the ...

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  • 06 Jun
  • The Real Deal
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Judge approves emergency loan to fix erosion at bankrupt Mohamed Hadid property

364 Capital LLC, a Naples, Florida-based firm specializing in bankruptcy restructuring and DIP financing run by Renzo Renzi, has offered a $1.1 million loan to a Hadid-controlled entity called Tree Lane LLC to help address slope ...

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  • 05 Jun
  • The Real Deal
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Simon and Macerich halt Carson mall project, slam city for “wasting” $100M

Simon Property Group and Macerich have halted their outlet mall project in the city of Carson, slamming the city “wasting” $100 million and failing to come to a solution to move the project out of litigation.  The publicly traded ...

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  • 05 Jun
  • The Real Deal
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