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Longshot gubernatorial candidate Penner makes case to commercial real estate execs

Commercial real estate professionals shuffled through a film set and gathered at stages five and six at the Lot at Formosa Wednesday morning — and after chatting over coffee and some very-L.A. breakfast burritos, they heard from Ethan ...

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  • 11 Oct
  • The Real Deal
  • Uncategorized
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Vroman’s bookstore sells for $15.5M

Vroman’s, an independent bookstore with more than a century of history on Pasadena’s famed Colorado Boulevard, has sold for $15.5 million, new owner GD Realty told The Real Deal.  The bookstore is the oldest in Southern California, ...

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  • 10 Oct
  • The Real Deal
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Apartments to replace Van Nuys office as state housing deadline looms

Apartments are poised to replace a low-slung commercial building in Van Nuys. Frank Melkonian, the CEO of Closet World, submitted an application to the Los Angeles Department of City Planning via Victory View LLC, Urbanize Los Angeles ...

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  • 10 Oct
  • The Real Deal
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Drawbridge pays $78M for Costa Mesa offices, leases 190K sf to Palmer Luckey’s  Anduril for 190K sf lease

Drawbridge Realty just made some notable moves at a three-building office campus in Orange County.  The San Francisco-based firm just closed on the acquisition of The Hive office complex in Costa Mesa for $77.9 million, Commercial ...

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  • 10 Oct
  • The Real Deal
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Caruso: LA resi development market “redlined now”

Los Angeles-based developer Caruso hasn’t built in its hometown for years–and that’s intentional. Rick Caruso, who runs his namesake company, revealed that strategy on Thursday when he took the stage during Bloomberg’s Screentime ...

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  • 10 Oct
  • The Real Deal
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$2B DTLA project gets nod from Planning Commission 

Continuum Partners’ Fourth & Central in Downtown Los Angeles got the green light from the Planning Commission Thursday, inching the $2 billion project closer to final approval. Plans for the 7.6-acre site at 4th Street and Central ...

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  • 10 Oct
  • The Real Deal
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More multifamily eyed to replace single-family housing in Sawtelle

More single-family homes in Sawtelle are slated to be replaced with multifamily residential properties.  Terra Capital filed an application to the Los Angeles Department of City Planning to build a new eight-story building at 2219 ...

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  • 10 Oct
  • The Real Deal
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Bass asks LA City Council to roll back ULA for Palisades victims

Pacific Palisades residents could be in for relief from Measure ULA as Angeles Mayor Karen Bass presses the City Council to move forward on a temporary pause of the so-called “mansion tax.”  The request marks the first major move at ...

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  • 10 Oct
  • The Real Deal
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FlightWave takes off with triple the space in new Torrance lease

FlightWave Aerospace Systems is taking flight with its latest lease in the Los Angeles area.  The subsidiary of drone technology company Red Cat Holdings, signed a five-year lease for 51,023 square feet of space at a creative ...

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  • 09 Oct
  • The Real Deal
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AEW buys into Hollywood multifamily at $431K per unit

A company connected to AEW Capital Management purchased a seven-story apartment complex for $159 million, according to property records.  The sellers were Cal-Coast Development and Rescore — a real estate investment trust managed by ...

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  • 09 Oct
  • The Real Deal
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