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$20M refi back apartments-to-condos conversion in Koreatown

Jannone Development is preparing to turn an apartment complex in Koreatown into condominiums.  The Los Angeles-based developer secured a $20 million refinancing loan from JLL for The Secret, a 39-unit multifamily property built last ...

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  • 21 Aug
  • The Real Deal
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Norman Kravetz’s LA County office portfolio takes $54M haircut

More trouble hit the Norman Kravetz-helmed Realty Bancorp’s Los Angeles County office portfolio.  After the commercial mortgage-backed securities debt connected to the five-property portfolio landed in special servicing earlier this ...

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  • 20 Aug
  • The Real Deal
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NoHo’s derelict Valley Plaza complex heads for demolition

The long-blighted Valley Plaza complex in North Hollywood is finally set to come down.  On Tuesday, Los Angeles city commissioners voted to declare part of the once-thriving shopping center a public nuisance, the Los Angeles Times ...

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  • 20 Aug
  • The Real Deal
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Aon Center fills full floor with Indian Consulate

The Consulate General of India is growing its presence in California with its first outpost in Los Angeles.  The South Asian country’s diplomatic arm signed a full-floor lease at the Aon Center at 707 Wilshire Boulevard in downtown Los ...

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  • 20 Aug
  • The Real Deal
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Hackman, Affinius land $165M refi for Netflix-leased Hollywood studio

Lenders just closed a refinancing deal for one of Hollywood’s oldest continually running film studios.  Wells Fargo Bank and Barclays provided Hackman Capital Partners and Affinius Capital a three-year, $165 million financing package ...

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  • 20 Aug
  • The Real Deal
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Beverly Hills paves way to $550M in bonds for Cain project

Cain International and OKO Group got the green light from the Beverly Hills City Council in the wee hours of Wednesday morning to designate a Community Facilities District that could allow One Beverly Hills to receive up to $550 ...

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  • 20 Aug
  • The Real Deal
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Hyundai expands L.A. office presence with 134K sf lease

Hyundai just secured the largest lease deal of the year in Orange County.  The Seoul-based car manufacturer has signed a lease for 133,745 square feet of offices at 2300 Main Street in Irvine, the Orange County Business Journal ...

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  • 19 Aug
  • The Real Deal
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Priciest Santa Monica resi listing joins $100M club

Another residential heavyweight has hit the market with the $110 million listing of an estate perched at the Riviera Country Club’s 7th hole. The property at 859 Woodacres Road was designed by the late Howard Backen, known for his work ...

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  • 19 Aug
  • The Real Deal
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Legal crackdowns, wildfires cut into LA short-term rentals

Short-term rental registrations across the L.A. region have dipped in what could be a perfect storm preventing the growth of such properties.  From last July to this July, there was a 6 percent decrease in active Home Sharing ...

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  • 19 Aug
  • The Real Deal
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Lender pursues receiver for One California Plaza tower

A lender is pursuing a receiver for ​​the Rising Realty Partners-owned One California Plaza, a 1-million square foot office tower downtown, after it defaulted on $300 million commercial mortgage-backed securities debt and landed in ...

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  • 19 Aug
  • The Real Deal
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  • Recent Posts

    • Latest CA housing battle once again pits cities and state August 31, 2025
    • Another DTLA office tower in receivership August 30, 2025
    • Santa Monica gives developers off-site option on affordable housing August 29, 2025
    • Marilyn Monroe’s Brentwood home at center of demolition legal battle August 29, 2025
    • Raintree drops $100M on 28-building Ventura apartment complex August 29, 2025
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