Category: Uncategorized

A $280 million loan on the Slatkin brothers’ Casa del Mar and Shutters on the Beach was sent to special servicing over a disagreement on an extension stipulation.  The hotelier brothers, Edward and Thomas Slatkin, were “unable to meet the maturity extension conditions” on the loan backing the luxe Santa Monica hotels, servicer commentary via…

AMLI Residential is looking to add nearly 1,000 new apartments to one of its existing multifamily complexes in Pasadena.  The Pasadena Design Commission is reviewing plans from AMLI Residential to turn the former headquarters campus of engineering firm Parsons into housing, Urbanize Los Angeles reported. The project would be an expansion of AMLI’s AMLI Old…

Samuelian Group is making progress toward turning a vacant lot in Silver Lake into affordable housing.  The El Segundo-based developer acquired a three-parcel site at 835 North Hyperion Avenue for nearly $5.3 million, L.A. Business First reported. The seller was Hyperion Apartments LP, linked in state business records to developer Jason Lewis.  Samuelian Group proposed…

The owner of Occidental Studios’ Main Lot lowered its price tag.  Los Angeles’ longest continuously running studio lot, where “New Girl” scenes were filmed, came on the market last summer with a $45 million price tag. Now, a year later, Occidental Entertainment Group Holdings is shopping the Westlake production campus for $25 million, according to…

A Malibu mansion asking $21.5 million was the priciest home in Los Angeles County to find a buyer last week. The beachfront mansion at 30810 Broad Beach Road topped all other luxury homes to go into contract last week — based on a report compiled by Marcy Roth of Douglas Elliman’s Eklund Gomes team. The…

Jenny is leaving her block in Beverly Hills.  Jennifer Lopez and Ben Affleck’s 12-bedroom megamansion at 2571 Wallingford Drive in Beverly Crest is in escrow after Lopez accepted an offer on the property, Realtor.com reported. Its most recent list price was just shy of $50 million.  Listing agent Branden Williams of the Beverly Hills Estates…

The Jamison-owned Equitable Plaza in Koreatown saw its value plummet by about 62 percent.  The latest appraisal put the office tower’s estimated value at about $58 million, compared to $150.5 million in 2014, when Jamison landed its loan, according to Morningstar Credit. (The appraisal is dated last August, but the value was not reported in…

Westland Real Estate Group is trimming its apartment portfolio in Los Angeles County.  The Long Beach-based firm sold a four-property apartment portfolio comprising 52 units in Inglewood’s Fairview Heights neighborhood for a total of $12 million, L.A. Business First reported. The buyer was JR Hyde Park Blvd LLC, an affiliate of Los Angeles-based property management…

HVN Development is pursuing more affordable housing in the San Fernando Valley.  The Irvine-based affordable housing developer has secured permits from the Los Angeles Department of Building and Safety for a new five-story multifamily building at 12025 West Hoffman Street in Studio City, Urbanize Los Angeles reported.  The Stockton Architects-designed development would replace a low-slung…

Billionaire mall mogul Rick Caruso cut Xavier Becerra’s campaign a check, making a quick switch after his candidate of choice for California governor, Matt Mahan, didn’t make it past the June primary.  Caruso donated $39,200 to Becerra on June 30. He could dole out more, but so far that’s much less than the almost $2…