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Measure ULA under scrutiny as Bass considers temporary pause

Los Angeles Mayor Karen Bass is reportedly looking into what’s been a sore spot for real estate since 2023: Measure ULA. The 2022 ballot measure, often called the “mansion tax,” applies a tiered assessment to residential and commercial ...

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  • 22 Mar
  • The Real Deal
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Dollywood owner buys 4 SoCal amusement/water parks

Herschend is taking its amusements to Southern California in a challenge to Six Flags’ roller coaster screams. The Atlanta-based theme park firm bought Palace Entertainment’s U.S. properties from Madrid-based Parques Reunidos for an ...

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  • 21 Mar
  • The Real Deal
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Apple campus rises between Mid-City and Culver City

Apple is behind the construction cranes now building a 536,000-square-foot office and production campus straddling Los Angeles and Culver City. The Cupertino-based tech firm is constructing two office buildings around a courtyard at ...

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  • 21 Mar
  • The Real Deal
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LA’s dubious distinction: No. 1 on Fannie Mae’s California “blacklist”

Condominium listings across Southern California are soaring — but so are the number of complexes “blacklisted” against loans by Fannie Mae. The No. 1 on the list: Los Angeles. The federally sponsored mortgage financing firm has ...

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  • 21 Mar
  • The Real Deal
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Aerospace firm to move HQ to 123K sf plant in Carson

Aerospace manufacturing just got a new lift in the South Bay, with Trio Manufacturing tripling the size of its plant. The aerospace firm based in El Segundo will move its headquarters and manufacturing plant to a 123,200-square-foot ...

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  • 21 Mar
  • The Real Deal
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Shopoff buys industrial to build homes in north OC

Shopoff Realty Investments has paid $60 million for two industrial buildings in Buena Park, which it plans to redevelop into homes.  The Irvine-based developer bought the 370,000-square-foot office and warehouse campus at 5600 Beach ...

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  • 20 Mar
  • The Real Deal
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Appraisal points to $81M haircut at Hollywood & Highland

Ovation Hollywood, a 387,000-square-foot office-retail hub along the Hollywood Walk of Fame, has lost a quarter of its value since the pandemic. The five-story center at 6801 Hollywood Boulevard best known as Hollywood & Highland ...

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  • 20 Mar
  • The Real Deal
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4 years after Nithya Raman’s motion, LA considers illegal Airbnb crackdown 

Four years after Los Angeles Council member Nithya Raman introduced a motion to clear out illegal, unregistered Airbnb and other short-term rental operations, the city may finally be cracking down. The City Council unanimously voted ...

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  • 19 Mar
  • The Real Deal
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Azria Estate tries again for buyer with $39M ask

A Holmby Hills mansion tied to one of Los Angeles fashion’s most prominent families is back on the market as it tries another price on for size. The Azria Estate at 10250 West Sunset Boulevard, which has been on and off the market for ...

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  • 19 Mar
  • The Real Deal
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Will Congress turn from Trump on wildfire aid?

President Donald Trump said he wanted strings attached to billions of dollars in federal aid to  Los Angeles County, where firestorms this year torched 16,000 homes and businesses. But Republicans in Congress appear to have cooled on ...

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  • 19 Mar
  • The Real Deal
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