Category: Uncategorized

A penthouse unit at West Hollywood’s Sierra Towers set the mark for priciest condo sale of the year — and then some. The $36 million deal that closed on Tuesday also came out to the highest price per square foot for a condo in the Los Angeles County market in history. The nearly 7,400-square-foot three…

The developer behind a Valley Village condo complex bought back the property in a deal that underscores continued demand for flexible multifamily assets in the San Fernando Valley. Marcus & Millichap’s Rabbie Banafsheha and Tony Azzi brokered the sale of the 48-unit condominium at 11925 Kling Street for $15.9 million, or $331,250 per unit, Connect…

In a time of “realizing things,” Kylie Jenner is realizing she might have priced her Holmby Hills mansion a bit too high.  The cosmetics mogul and reality TV star has slashed the price of her brutalist mansion at 145 North Mapleton Drive to $38.5 million, down $9.5 million from the $48 million she listed it…

The Los Angeles City Council gave the greenlight to a long-languishing effort to remake an industrial pocket on the eastern edge of downtown Los Angeles.  The City Council approved the $2 billion Fourth & Central mixed-use development, capping off a five-year entitlement process that included environmental challenges, neighborhood opposition, a zone change and a major…

A CIM-connected entity claims a social club called the Gathering Spot owes hundreds of thousands of dollars on its West Adams space. But the landlord is going after millions. The breakdown of what’s owed includes base rent of $546,000, common area costs of $203,000 and more. That comes out to a total of around $828,000…

There was no summer slowdown in the world of luxury real estate last week as two homes in Los Angeles County asking more than $40 million went into contract.  Billionaire gaming magnate Steve Wynn’s 11-bedroom, 20-bathroom mansion at 1210 Benedict Canyon Drive in Beverly Hills asking just shy of $50 million went into contract on…

Another retail complex in Southern California has landed a refinancing package as the sector appears poised for a return to normalcy.  Rosemead Place, a 336,718-square-foot shopping center at 3506-3864 Rosemead Boulevard in Rosemead, received $46 million in fixed-rate, interest-only permanent financing from Wells Fargo, Commercial Observer reported.  The property is owned by MPM Partners, led…

Bastion Development is moving forward with new plans for a mixed-use project on the border between Los Angeles’ Mar Vista and Culver City.  The Vancouver-based firm submitted a new application with the City of Los Angeles that revises its plans for the northern portion of the site at 3984 South Meier Street, a parcel that…

Dakota Johnson didn’t have to wait long to find a buyer for her longtime Los Angeles home. The “Fifty Shades of Grey” star sold her Hollywood Hills home for just above $5.92 million, only days after listing it late last month for $5.95 million, nearly doubling the roughly $3.6 million she paid for the property…

The colossal CIM Group could become a publicly traded company, though it will take several years to know. The Los Angeles-based real estate firm is combining its assets and investments with its public, nontraded real estate investment trust, Bisnow reported. The firm has already taken a 67.5 percent share of the entity, CIM Real Estate…