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If hundreds of LA landlords gouged rents post-wildfires, where are the lawsuits?

The extent to which landlords took advantage of the wildfire tragedy last year is the subject of a report attempting to quantify the narrative, as early threats from lawmakers haven’t resulted in much action a year later. When the ...

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  • 12 Feb
  • The Real Deal
  • Uncategorized
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Downtown Long Beach hotel trades at steep discount

A Westin-branded hotel on downtown Long Beach’s Ocean Boulevard traded hands for about half its prior price tag.  The Westin, at 333 East Ocean Boulevard and near the water, sold for about $42 million, according to records dated late ...

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  • 12 Feb
  • The Real Deal
  • Uncategorized
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Casa Encantada cuts price by $20M as possible foreclosure looms

The famous Casa Encantada estate in Bel Air is back on the market for nearly $100 million below its initial listing price as it remains at the center of an ongoing legal dispute.  Casa Encantada at 10644 Bellagio Road is now for sale ...

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  • 12 Feb
  • The Real Deal
  • Uncategorized
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Former Kings player Phillip Danault in contract to sell Manhattan Beach home

It didn’t take long for a former Los Angeles Kings forward to find a buyer for his Manhattan Beach home. The pending sale of Phillip Danault and his wife Marie-Pierre Fortin’s home at 620 12th Street in the South Bay city came in a ...

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  • 11 Feb
  • The Real Deal
  • Uncategorized
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Will Oceanwide Plaza creditors take a shot or pass on downtown eyesore?

Now that a federal bankruptcy judge approved an intramural battle between lenders on Oceanwide Plaza, creditors are facing a decision: Make their own or joint credit bids and try to finish the project or sell it off in hopes of ...

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  • 11 Feb
  • The Real Deal
  • Uncategorized
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Pirian brothers accused of illegal rent increases, withheld deposits

Landlords Benny Pirian and Piaman Nisan Pirian are facing a new lawsuit from the Los Angeles City Attorney.  City Attorney Hydee Feldstein Soto filed a civil enforcement lawsuit against the Pirians and several business entities they ...

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  • 11 Feb
  • The Real Deal
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Cityview scores $96M refi from Fortress for Historic South Central apartments

Multifamily developer Cityview scored nearly $100 million in refinancing for a Class A multifamily property south of downtown Los Angeles.  The Century City-based firm landed $96 million in refinancing debt tied to Jasper, a 296-unit ...

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  • 11 Feb
  • The Real Deal
  • Uncategorized
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Steve Katz quietly departs Hilton & Hyland, Felix Pena named new broker manager

Hilton & Hyland Chair Lori Hyland turned the page in 2025 with a new office and, more recently, a fresh face to serve as the Beverly Hills firm’s broker manager, The Real Deal has learned. The appointment of Felix Pena, who has ...

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  • 11 Feb
  • The Real Deal
  • Uncategorized
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Buyer revealed for $400M record Rodeo Drive purchase

Rodeo Drive could get more orange after a record-setting retail acquisition on the world-famous corridor.  Hermès has been revealed as the buyer behind what Wall Street Journal said is the largest-ever retail real estate purchase on ...

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  • 11 Feb
  • The Real Deal
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Culver City greenlights 100% affordable housing project at former gun store

A former gun store in Culver City is slated for redevelopment as affordable housing.  Culver City’s City Council voted to greenlight West Hollywood Community Housing Corporation’s Washington Palms proposal, Westside Today reported.  ...

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  • 10 Feb
  • The Real Deal
  • Uncategorized
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