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FEMA declines to lease apartments for LA wildfire survivors: report

After natural disasters, the Federal Emergency Management Agency often leases apartment buildings for survivors — but not in Los Angeles County, where wildfires torched 13,000 homes. Federal and state disaster officials didn’t ...

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  • 06 May
  • The Real Deal
  • Uncategorized
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Done deal: Carolwood, Westside Estate Agency close $110M Bel-Air deal

It’s a done deal. Former Crown Resorts chair James Packer’s $110 million purchase of a Bel-Air estate on Nimes Road has officially closed, The Real Deal has learned, making it Los Angeles County’s priciest deal so far this year by a ...

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  • 06 May
  • The Real Deal
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Eli Sasson files for Chapter 11 bankruptcy to hold onto $88M Beverly Hills Home

Developer Eli Sasson filed for Chapter 11 protections to avoid foreclosure on a Beverly Hills mansion he listed for $88 million three years ago. The octogenarian builder, known for his battle to redevelop the South Los Angeles site of ...

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  • 06 May
  • The Real Deal
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Kanye West’s former Malibu pad lands seat as LA’s top contract

Kanye West’s previous pad in Malibu made headlines again this past week when it appeared in the No. 1 spot among signed contracts in L.A. County, with a $39 million asking price. The weekly contracts list from Douglas Elliman’s Eklund ...

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  • 06 May
  • The Real Deal
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Burlington snaps up two Joann store spaces in SoCal

Burlington will cram coats and suits inside two closing Joann stores once stuffed with fabrics and arts-and-crafts supplies in Southern California. The New Jersey-based apparel retailer once known as Burlington Coat Factory has taken ...

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  • 05 May
  • The Real Deal
  • Uncategorized
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First look at Louis Vuitton’s Frank Gehry-designed flagship in Beverly Hills

Louis Vuitton has unveiled the look of its proposed superstore in Beverly Hills: two windowless three-story buildings designed by Frank Gehry that resemble a white lotus flower. The Paris-based luxury retailer drew the curtain on plans ...

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  • 05 May
  • The Real Deal
  • Uncategorized
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Mushmel Properties Pays $21M for Ralphs-anchored retail in DTLA

Retail real estate investor Mushmel Properties paid $20.9 million for a Ralphs-anchored retail property in the South Park neighborhood of downtown Los Angeles. The family-owned investment firm is based in Sherman Oaks and will add the ...

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  • 05 May
  • The Real Deal
  • Uncategorized
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Underwater no more: Carolwood in escrow to buy EY Plaza for $130M

Adam Rubin and Andrew Shanfeld’s Carolwood is in escrow to buy the 41-story EY Plaza for $130 million, or about $141 per square foot, The Real Deal has learned. The 11-year-old firm, which invests in real estate, hot sauce and a ...

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  • 02 May
  • The Real Deal
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BKM Capital, Kayne Anderson Real Estate form $1.5B industrial pact

Investors BKM Capital Partners and Kayne Anderson Real Estate have linked up with a plan to buy $1.5 billion in light industrial buildings across the U.S. The Newport Beach- and Florida-based investors formed a joint venture to commit ...

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  • 02 May
  • The Real Deal
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Tariff strife heats up demand for bonded warehouses near LA ports

The tariff turmoil has turned bonded warehouses into a hot ticket for a few Los Angeles landlords. Importers still receiving shipments from overseas are scrambling to rent space in the bonded buildings, where they can buy time for ...

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  • 02 May
  • The Real Deal
  • Uncategorized
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