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Irvine Company unloads more offices in San Diego at basement prices

Irvine Company has taken a bath in San Diego by selling a 24-story office tower for $40 million — more than $108 million less than it paid for it 11 years ago. The Newport Beach-based developer sold the 488,000-square-foot Wells Fargo ...

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  • 16 Apr
  • The Real Deal
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Countywide listing price volume of signed contracts fell to $110M last week

Asking dollar volume of signed contracts in Los Angeles County continued its slide to mark the third-straight weekly decline. Douglas Elliman’s Eklund Gomes team reported 19 contracts, equating to $109.7 million in asking dollar volume ...

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  • 16 Apr
  • The Real Deal
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National Real Estate Advisors moves ahead with 53-story resi tower in DTLA

National Real Estate Advisors has moved forward with a plan to erect a 41-story apartment tower above a parking garage in Downtown Los Angeles. The Washington, D.C.-based developer was approved by the Los Angeles City Planning ...

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  • 15 Apr
  • The Real Deal
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Tesla puts finishing touches on Hollywood charge-n-diner

Tesla has almost finished building its diner, EV charging and drive-in movie mecca in Hollywood.  The Austin, Texas-based carmaker owned by Elon Musk is putting the final condiments on its national diner prototype at 7001 West Santa ...

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  • 15 Apr
  • The Real Deal
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Summer blockbuster? Caruso leaves door open for political run

Pacific Palisades residents sought advice and clarity from Rick Caruso during an hour-long community rebuild meeting Monday evening.     While the developer offered crisp critiques of what he painted to be the city of Los Angeles’ ...

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  • 15 Apr
  • The Real Deal
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DTLA’s Wedbush Center to special servicer as namesake tenant relocates to Pasadena

Cerberus Capital Management has blown its deadline to pay off a $128 million loan backed by a 21-story office building in Downtown Los Angeles, shuttling it into special servicing. The New York-based investor led by Frank Bruno failed ...

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  • 15 Apr
  • The Real Deal
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Paul Salazar leaves Hilton & Hyland for Compass

Los Angeles agent Paul Salazar capped a 16-year career with Hilton & Hyland as he and his team made the jump over to Compass this month, The Real Deal has learned. Salazar said he brought three agents along with an operations ...

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  • 15 Apr
  • The Real Deal
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Small businesses face uphill battle rebuilding in Altadena, Pacific Palisades

Three months after wildfires ripped through Altadena and the Pacific Palisades, small business owners still struggle to clear away debris and start rebuilding.  While federal and county resources have helped residents clean up ...

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  • 14 Apr
  • The Real Deal
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Nevada brokerage IS Luxury throws open doors to Newport Beach office

In Los Angeles’ ultra-competitive high-end residential market, a new contender wants to be the next boutique upstart. Nevada-based IS Luxury has opened the doors to a Newport Beach office in the coastal city’s tony Fashion Island ...

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  • 14 Apr
  • The Real Deal
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Robert Herscu sells WeHo office building for $31M

Robert Herscu’s HQ Development handed off the former West Hollywood Planned Parenthood building to a mysterious new owner after just two years, The Real Deal has learned. Triangle Ventures, a shell company tied to Margaret “Megan” ...

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  • 14 Apr
  • The Real Deal
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  • Recent Posts

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