Mall owner Macerich is on the ropes, and may have to sell or surrender properties to tackle its debt. The Santa Monica-based real estate investment trust, owner of 47 million square feet strip and indoor malls across the U.S., posted a ...
Grandview Partners is se lling a portfolio of four “suite-living” apartment projects in Mar Vista, Westchester and East Hollywood, according to an offering memorandum compiled by their brokers at Kidder Mathews. The not-yet-constructed ...
Ilan Kenig, the CEO behind FMB Development, has lost his home in Pacific Palisades to his lender — and allegedly owes more than $500,000 in unpaid credit card debt. Kenig signed a deed-in-lieu of foreclosure, handing over the nearly ...
Mohamed Hadid, the Los Angeles-based developer and reality TV personality, filed for bankruptcy last week on 2451 Summitridge Drive, his four-acre vacant lot in Beverly Hills — after incurring millions in IOUs. Tree Lane LLC, the ...
Home prices across Southern California have ratcheted up to a record $753,000 as sales plunge. The price of a typical home in March rose 1.8 percent from the previous month, and 8 percent in a year, beating an April 2022 record by ...
Brookfield Properties has pushed out the maturity of a $250 million loan tied to its Figueroa at Wilshire tower in Downtown Los Angeles, The Real Deal has learned. The loan on the 52-story tower at 601 South Figueroa Street was set to ...
Six months after he paid Sylvester Stallone $17.2 million for a 2.3-acre estate in Hidden Hills, John Fogerty wants to flip it for $21.5 million. The former frontman for Creedence Clearwater Revival behind such hits as “Proud Mary” and ...
MicroVention Terumo has bought an office building in Aliso Viejo for $44 million, or 45 percent less than its asking price. The locally based medical device maker picked up the nine-story, 242,700-square-foot building at 45 Enterprise, ...
TPG’s Angelo Gordon has sold a penthouse at its 8899 Beverly Boulevard condo project in West Hollywood for $24 million, marking the most expensive condo sale across Los Angeles in the last year. The deal for the 6,500-square-foot ...
When Megan Watson, who runs development in Los Angeles for Grubb Properties, started planning an apartment project in Santa Monica, she prepared for a challenging road ahead. The city had a history of giving developers a hard time. ...