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Toyota of Hollywood redevelopment revs up with Hines aboard

A mixed-use development on the site of a Toyota of Hollywood location is moving forward with the City of Los Angeles’ blessing.  The Los Angeles City Planning Commission voted to uphold the approval of a proposal to turn the Toyota of ...

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  • 07 Nov
  • The Real Deal
  • Uncategorized
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Rob Lowe closes sale of Beverly Hills contemporary for $4M after price cuts

Rob Lowe and his wife Sheryl Berkoff struck a deal to sell their Beverly Hills home this week after trying their hand with different listing agents and price points.   The “St. Elmo’s Fire” and “West Wing” actor, along with Berkoff, ...

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  • 07 Nov
  • The Real Deal
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Digital Realty drops $9M per acre on Vernon data center site

A data center site in the Los Angeles area fetched nearly $50 million as developers race to meet demand for digital space. Real estate investment trust Digital Realty bought a 5.4-acre property in Vernon for $48.8 million with plans to ...

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  • 07 Nov
  • The Real Deal
  • Uncategorized
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Aflalo family looks to offload four entitled Beverly Hills sites 

The Aflalo family hopes to sell four parcels entitled for a combined 368 residential units in Beverly Hills, according to a new offering memorandum from Westmack Commercial Brokerage Company. The parcels, all builder’s remedy projects ...

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  • 06 Nov
  • The Real Deal
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Beverly Hills cites anti-segregation laws in rejecting Crescent Heights’ builder’s remedy proposal

The City of Beverly Hills has rejected a proposed builder’s remedy project after allowing other projects in the enclave to proceed, citing concerns over socioeconomic segregation as a factor. The Beverly Hills Planning Commission ...

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  • 06 Nov
  • The Real Deal
  • Uncategorized
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AEG sets stage for mixed-use tower near LA Live

Entertainment giant AEG Worldwide pulled back the curtain on the latest plans for a mixed-use tower on a surface parking lot in Downtown Los Angeles. The company, also known as Anschutz Entertainment Group, submitted an application to ...

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  • 06 Nov
  • The Real Deal
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Babyface’s Hollywood studio with upstairs residence hits market for $7M

Name a recording artist and they’ve probably been holed up in the Hollywood studio of Kenneth “Babyface” Edmonds at some point in their careers. That industry history is now up for sale, with the award-winning artist and producer ...

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  • 06 Nov
  • The Real Deal
  • Uncategorized
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Tracy Tutor, Hudson Advisory among latest investors in Josh Flagg’s Estate Media

The real estate entertainment and media platform co-founded by “Million Dollar Listing Los Angeles” star Josh Flagg landed a new capital infusion. Estate Media closed on a $1 million seed round, bringing its total raised to date to ...

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  • 06 Nov
  • The Real Deal
  • Uncategorized
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Venice motel-to-housing conversion moves ahead after years on back burner

Work has finally begun on a city-funded project to convert a decommissioned Venice hotel into permanent housing for formerly homeless individuals.  Redevelopment of the former Ramada Inn at 3130 West Washington Boulevard into housing ...

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  • 05 Nov
  • The Real Deal
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Lincoln, Artemis joint venture strikes again with $65M OC industrial buy

Lincoln Property Company and Artemis Real Estate Partners have joined forces to buy an Orange County industrial facility.  Paper Mart, a family-owned packaging supply company with a century-long history, sold its 250,000-square-foot ...

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  • 05 Nov
  • The Real Deal
  • Uncategorized
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