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LA’s affordable housing incentive revives Crenshaw duplex redevelopment

A 1920s duplex in Arlington Heights is poised to become a fully affordable housing development.  Grace Kwok of Crane Canyon filed an application to build a five-story, 52-unit residential building on the site, at 2100 South Crenshaw ...

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  • 03 Nov
  • The Real Deal
  • Uncategorized
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Movers: Equity Union poaches Chernov team from The Agency

Dennis and Yana Chernov have packed up and left The Agency for new digs at Equity Union Real Estate. The move comes after a little over three years at The Agency. The Sherman Oaks-based couple counts nine agents and 10 staffers on ...

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  • 03 Nov
  • The Real Deal
  • Uncategorized
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Resi projects behind Coachella mayor’s felony indictment, perjury charges

The longtime mayor of Coachella has been indicted in a conflict of interest case that revolves around real estate developments and comes with charges of perjury. Coachella Mayor Steven Hernandez was indicted on nine counts, including ...

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  • 03 Nov
  • The Real Deal
  • Uncategorized
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Focus on TRD Data: Betty White’s old home tops charts in Brentwood with Ares link

Financier and Milwaukee Brewers minority owner Robert Beyer and his wife may have notched the largest sale in Brentwood in years when they offloaded their estate in September for $44 million. But another home trounced it on a ...

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  • 03 Nov
  • The Real Deal
  • Uncategorized
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Agents in LA embrace new roles as fire rebuild picks up

The week restaurateur Tyler Wells reopened his Altadena restaurant after the Eaton fire, Compass agent Teresa Fuller snapped up a reservation. The scene was both joyous and painful. The restaurant, formerly Bernee and now called Betsy, ...

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  • 03 Nov
  • The Real Deal
  • Uncategorized
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The Closing: Corinne Verdery

At the age of 13, an awkward time to change schools, Corinne Verdery moved from Oahu, Hawaii, to Mission Viejo in Orange County with her parents and younger sister. It was a different world. “I’m in a classroom and everybody’s got ...

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  • 03 Nov
  • The Real Deal
  • Uncategorized
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Who is winning in LA’s luxe condo market?

Median condo prices were caught slipping the past couple of quarters but the Los Angeles luxury market is  bucking that trend. A deal reported this week at the Maybourne Beverly Hills illustrates the point. Unit 8E at 225 North Canon ...

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  • 02 Nov
  • The Real Deal
  • Uncategorized
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Kilroy’s Aman double-ends the expectations game

Earnings season comes with earnings calls, and one Los Angeles commercial real estate CEO this week showed how to work both ends of the expectations game that comes with publicly traded outfits. Los Angeles-based real estate investment ...

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  • 01 Nov
  • The Real Deal
  • Uncategorized
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Bass order aims to fast-track commercial rebuilding in Pacific Palisades

Mayor Karen Bass is using her power to foster faster rebuilding of Pacific Palisades businesses lost in the Palisades fire.  The mayor has issued Emergency Executive Order 10, which introduces measures intended to streamline the ...

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  • 31 Oct
  • The Real Deal
  • Uncategorized
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Izek Shomof lands deep discount on prime Long Beach office tower

Developer Izek Shomof purchased a Long Beach office tower for $50 million, The Real Deal has learned.  The 24-story, 460,000 square foot property at 111 W. Ocean Boulevard, called Landmark Square is one of the newer and taller offices ...

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  • 31 Oct
  • The Real Deal
  • Uncategorized
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