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Abacus Capital pays $73M for Sherman Oaks apartment complex

Investment firm Abacus Capital Group has completed a large multifamily acquisition in Sherman Oaks, The Real Deal has learned.  Abacus, which is based in New York City, acquired 4735 Sepulveda Boulevard, a 236-unit residential complex ...

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  • 25 Apr
  • The Real Deal
  • Uncategorized
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Neutrogena to move headquarters from LA to the Garden State

Neutrogena, maker of Beach Defense sunscreen and cosmetics, will move its headquarters from Los Angeles to New Jersey. New Jersey? The Westchester-based unit of New Jersey-based Kenvue is closing its corporate headquarters at 6080 West ...

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  • 25 Apr
  • The Real Deal
  • Uncategorized
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Fogel Real Estate plans resi, retail project in Venice Beach

Fogel Real Estate, run by Steven Fogel, is planning to build a 36-unit apartment building, spanning 36,700 square feet, in Venice, according to a filing with the Los Angeles Planning Commission on April 16.  The plans for 825 South ...

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  • 24 Apr
  • The Real Deal
  • Uncategorized
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Industrious lease expands coworking presence in Century City

Industrious has signed a lease for 19,000 square feet of offices in Century City, weeks after the coworking company expanded its offices in Westwood and Santa Monica. The New York-based flex workspace firm led by Jamie Hodari and ...

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  • 24 Apr
  • The Real Deal
  • Uncategorized
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Rancho Palos Verdes OKs state-mandated housing plan two years late

Rancho Palos Verdes has approved a new draft of its state-required housing plan, more than two years after the city blew its deadline. The upscale South Bay city approved a plan to build 647 homes by 2029, despite pushback from ...

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  • 22 Apr
  • The Real Deal
  • Uncategorized
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Santa Clarita looks to Irvine model for redeveloped Valencia Town Center

Valencia Town Center could become a great destination for families to live, play and work, not unlike Irvine Spectrum Center in Orange County. The Irvine mall developed by the Irvine Company could serve as a model for Santa Clarita, ...

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  • 22 Apr
  • The Real Deal
  • Uncategorized
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Redcar plans three-story mass timber office building in Santa Monica

Redcar Properties has upgraded plans for a 47,300-square-foot office building in Santa Monica. The locally based developer led by Jim Jacobsen unveiled a new look before the city Architectural Review Board for the three-story building ...

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  • 21 Apr
  • The Real Deal
  • Uncategorized
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Bank of Southern California puts Neil Shekhter portfolio up for sale

Bank of Southern California has listed three apartment complexes in Santa Monica for sale — properties formerly owned by developer Neil Shekhter, The Real Deal has learned.  NMS Properties’ Neil Shekhter The bank foreclosed on the ...

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  • 21 Apr
  • The Real Deal
  • Uncategorized
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Rommy Shy sues lender to undo foreclosure sale of Beverly Hills home

Investor Rommy Shy has sued lender Wilmington Savings Fund Society and several loan servicers over what he describes as the “wrongful foreclosure” of his Beverly Hills mansion, The Real Deal has learned.  The property, a 2-acre estate ...

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  • 20 Apr
  • The Real Deal
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Bird Streets spec home sells for $63M — priciest LA deal this year

A spec home in the Bird Streets has sold for $62.8 million — the most expensive residential sale in Los Angeles County so far this year.  Spec developers Brandon and Deborah Shainfeld sold the 23,000-square-foot estate in a deal that ...

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  • 20 Apr
  • The Real Deal
  • Uncategorized
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  • Recent Posts

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