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New dev group launches with heavyweights from The Agency, Official, Elliman

A new development firm backed by $40 billion in combined career volume and a portfolio at launch of $4 billion in real estate has launched. Redeavor enters the market offering development sales, advisory and capital services with a ...

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  • 25 Feb
  • The Real Deal
  • Uncategorized
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Gov. Newsom seeks $40B in fire disaster aid from feds

Gov. Gavin Newsom wants Uncle Sam to shower Los Angeles County with another $39.7 billion in fire disaster relief, while allies to President Donald Trump want strings attached to the funds, including one who wants to deflate a public ...

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  • 24 Feb
  • The Real Deal
  • Uncategorized
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Remote work still the norm for LA city workers 

Snarled traffic and lunch at Mike’s Deli on First Street were once par for the course for some 48,000 municipal employees clustered around the Civic Center in Downtown Los Angeles. That all changed when the city went on lockdown five ...

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  • 24 Feb
  • The Real Deal
  • Uncategorized
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Former CBRE, Cushman CEO Brett White asks $16M for Thousand Oaks estate

Brett White’s Lake Sherwood estate offers the kind of exclusivity and resort qualities associated with the properties operated by the development firm he helms. Now CEO of Discovery Land Company after six years as Cushman & ...

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  • 24 Feb
  • The Real Deal
  • Uncategorized
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LA’s affordable housing push hits roadblock in the San Fernando Valley

Mayor Karen Bass has collided with major resistance from homeowners and drawn legal challenges from developers over plans to build nearly 2,400 affordable apartments in the San Fernando Valley to address L.A.’s housing shortage. ...

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  • 21 Feb
  • The Real Deal
  • Uncategorized
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Mike Barry gets nod for seven-story hotel in Koreatown

Koreatown landlord Mike Barry has gotten a green light to build a six-story hotel, with an extra seventh floor featuring apartments on top, a reversal from a previous plan to go all-in on the lodging aspect. Owner Mike Barry was ...

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  • 21 Feb
  • The Real Deal
  • Uncategorized
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From bungalows to mansions, wildfire damage projected to reach $30B

The tally is in for the firestorms that swept through half of Altadena and the Pacific Palisades: up to $30 billion in real estate losses. The Eaton and Palisades fires last month torched 9,700 single-family homes and condominiums, ...

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  • 21 Feb
  • The Real Deal
  • Uncategorized
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Palisades land listings projected to sore. But how will wildfires impact pricing?

A raft of Pacific Palisades land listings has flooded the market, drawing big interest from buyers. Nineteen land listings are up for sale, with many of those properties hitting the MLS in the past two weeks, according to data provided ...

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  • 21 Feb
  • The Real Deal
  • Uncategorized
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Son of billionaire lists WeHo manse, Bel-Air lot for $102M

The son of a Colombian banking billionaire has listed a 13,900-square-foot hillside mansion in West Hollywood for $63 million, along with a 1.3-acre lot in Bel-Air for $39 million. Josh Gilinski, a son of banker Jaime Gilinski Bacal, ...

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  • 21 Feb
  • The Real Deal
  • Uncategorized
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Caruso nonprofit to provide free pre-fab homes in LA County

A foundation set up by billionaire developer Rick Caruso has planted a stake to rebuild single-family homes within Los Angeles burn zones, rather than change the housing makeup by erecting apartments. Steadfast LA, the nonprofit ...

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  • 20 Feb
  • The Real Deal
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