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Developers sue Beverly Hills after builder’s remedy applications denied

The city of Beverly Hills is facing additional lawsuits from developers over builder’s remedy applications that they claim were unfairly denied.  Real estate limited partnerships 8800 Wilshire Associates, LP, and 8820 Wilshire ...

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  • 19 May
  • The Real Deal
  • Uncategorized
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Construction, gridlock don’t stop retail players from getting to ICSC Las Vegas

“There’s a lot of traffic,” a Las Vegas cab driver muttered as his foot tap danced on the brake Monday morning. About half an hour after the exhibition floor opened for the International Council of Shopping Centers’ annual ICSC Las ...

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  • 19 May
  • The Real Deal
  • Uncategorized
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Celebrity restaurants at hotels drive up average room rates, revenue

Landlords just can’t quit food and beverage tenants as upscale restaurants become the new anchor of luxury hotels.  That’s according to findings from JLL’s research team, which were presented Monday morning from the exhibitor floor at ...

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  • 19 May
  • The Real Deal
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Tech firm backed by Kimco, Nuveen looks to shatter “one-size-fits-all” leasing

New York tech firm Bonside nabbed equity investments from Kimco and Nuveen as it looks to place a new underwriting tool in the hands of more retail landlords, The Real Deal has learned. Bonside founder and CEO Neha Govindraj is set to ...

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  • 18 May
  • The Real Deal
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CA Insurance Commissioner: “nothing is off the table” in resolving statewide crisis

Dan Malka of Engel & Völkers Beverly Hills made a comment this past week that stood out amid California’s worsening insurance crisis. In chatting with The Real Deal about his Santa Monica rental listing and the market in general ...

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  • 17 May
  • The Real Deal
  • Uncategorized
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Elon Musk’s Tesla re-ups Santa Monica industrial lease

The richest man in the world may have moved Tesla’s headquarters out of California, but the electric carmaker’s presence in the Golden State lives on. Tesla renewed its Santa Monica lease for a two-story, 82,000 square-foot industrial ...

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  • 17 May
  • The Real Deal
  • Uncategorized
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Army Corps’ Altadena home debris removal nearly half complete

Almost half of all ash and debris from homes in Altadena destroyed by the Eaton fire has been removed with the help of the U.S. Army Corps of Engineers.  Col. Sonny Avichal said the Corps has eliminated ash and debris from 4,250 of the ...

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  • 16 May
  • The Real Deal
  • Uncategorized
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DTLA adds 500 apartments, brings resi occupancy to 91%

Developers have just opened two apartment buildings with more than 500 combined units in Downtown Los Angeles, where residential occupancy rose to nearly 91 percent. Last quarter, Portland-based NBP Capital completed a 280-unit ...

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  • 16 May
  • The Real Deal
  • Uncategorized
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“Gross”: Tracy Tutor hits back at Leonard Steinberg on reality TV

Tracy Tutor has entered the ring in the public match over the intersection of real estate and reality television.  Last week, Compass’ Leonard Steinberg and Eleonora Srugo, a luxury broker at Douglas Elliman and star of Netflix’s ...

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  • 16 May
  • The Real Deal
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Landlords ink two industrial leases for combined 200K sf in South LA, Harbor City

Two industrial landlords have sealed two leases for a combined 204,000 square feet in South Los Angeles and Harbor City in a growth market. Newport Beach-based Hager Pacific Properties closed a 108,000-square-foot distribution ...

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  • 16 May
  • The Real Deal
  • Uncategorized
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