Category: Uncategorized

Two century-old duplexes in Beverly Hills are poised to give way to a seven-story multifamily building.  The Beverly Hills Planning Commission is reviewing a proposal from Suite Homes LLC to erect a seven-story edifice with 23 apartments at 227-231 North Swall Drive, Urbanize Los Angeles reported. Suite Homes, the property owner, is linked in state…

KPC and partner Lendlease have responded to the City of Los Angeles’ concerns over their proposed $470 million purchase of Oceanwide Plaza — claiming they need the certainty of a bankruptcy court’s approval to satisfy concerns on financing and their ability to complete the long-stalled mega-project.  But before going on to list reasons they can’t…

Orange is turning up the heat on owners of vacant properties, advancing an ordinance that would require them to maintain and secure empty buildings or face thousands of dollars in fines. On Tuesday, the Orange City Council voted almost unanimously to introduce the measure targeting vacant or abandoned properties across the city, Voice of O.C.…

Hoag Memorial Hospital Presbyterian acquired Orange County’s iconic Ziggurat property, capping off a yearslong pursuit that positions the nonprofit health system to reshape one of the county’s largest redevelopment sites. Hoag, acting through the affiliate Laguna Ridge Health Care Development LLC, paid $207 million for the 89-acre former Chet Holifield Federal Building campus at 24000…

Lenders made a move on Michael Hackman’s Television City.  The Deutsche Bank-led lender syndicate filed a notice of default and election to sell under deed of trust on the Los Angeles studio. The late-June notice claims Hackman Capital Partners owes $357 million.  Neither Hackman nor Deutsche Bank immediately responded to a request for comment.  In…

A Manhattan Beach home located at 1204 The Strand asking $24.5 million was the priciest residential house to go into contract last week in Los Angeles County. The roughly 5,400-square-foot home topped all other contracts — based on a report compiled by Marcy Roth of Douglas Elliman’s Eklund Gomes team. The Eklund Weekly Luxury Report…

A low-slung commercial building on the Culver City border is poised to be replaced by a mixed-use affordable housing complex.  A DCM Rentals affiliate filed an application with the Los Angeles Department of City Planning to erect a seven-story building with 115 one-bedroom apartments at 9700 Venice Boulevard in the Palms district, Urbanize Los Angeles…

Christie’s International Real Estate Southern California is launching a division focused on selling units in new condominium developments — a move prompted by demand in the luxury segment that is bucking the general downtown in the broader market. Helmed by Tomer Fridman, Don Heller, Amir Ensani and Aaron Kirman, the division will collaborate with local…

The former Los Angeles home of Elon Musk is on the market for nearly $50 million. The estate at 10911 Chalon Road in Bel Air has been listed for $49.8 million, Mansion Global reported. Chinese billionaire William Ding, founder and CEO of online game maker NetEase, bought the property from Musk in 2020 for $29…

An Orange County real estate investor who built a business buying distressed real estate has pleaded not guilty to defrauding an Arizona bank of nearly $100 million.  On Monday, 44-year-old Mahender Makhijani of Corona del Mar was arraigned in Santa Ana federal court on two charges in the investor’s latest legal troubles, the Los Angeles…