Category: Uncategorized

The Reuben brothers have taken over Witkoff’s WeHo hotel on Sunset Strip. An entity connected to Steve Witkoff — founder of Witkoff Group in New York, and President Donald Trump’s Middle East special envoy — handed the Edition hotel over to an affiliate of an investment vehicle, Motcomb Estates, used by Simon and David Reuben.…

Less than a week after a statewide ballot measure which would have eliminated Measure ULA was slashed, the Los Angeles City Council might be taking its own electoral path to making changes to the so-called mansion tax. On Wednesday, the council will vote on whether to adopt a ballot measure for the Nov. 3 election…

Pat Boone is selling his Beverly Hills estate at a price much higher than “For a Penny.”  The 92-year-old singer has listed his longtime home at 904 North Beverly Drive for just shy of $23 million, Mansion Global reported. Boone and his late wife Shirley, who died in 2019 at age 84, bought the property…

Apartment occupancy in Los Angeles County has fallen to a level not seen in several years.  In the first quarter, multifamily occupancy dropped to 93.9 percent, L.A. Business First reported, citing a quarterly market report from Colliers. The rate has not fallen below 95 percent in years, Colliers Vice Chair Kitty Wallace told the publication.…

Invesco and SteelWave are searching for a buyer for a Costa Mesa office and research campus occupied by defense firm Anduril Industries.  The owners have listed the 634,000-square-foot complex for sale, Bloomberg reported. An asking price was not disclosed, but the property’s value is estimated to be around $400 million based on a $251 million…

The real estate arm of Kayne Anderson is set to be sold in a deal that values the investment platform at well more than $1 billion. Bridgepoint Group announced the acquisition of Kayne Anderson Real Estate on Monday morning. The deal grants KARE an enterprise value of nearly $1.4 billion. As part of the acquisition,…

Jamison is after more rent money.  In an early June complaint, the landlord claimed a tenant at its Koreatown mall, Handhin Pocha, was late on the rent. The family company said the comfort food spot at its City Center on 6th owed $71,250 — and Jamison wanted that, plus $965 per day, starting June 1. …

The same week President Trump declined to sign a bipartisan housing bill passed by Congress, a home in his Trump National community in Rancho Palos Verdes fetched the biggest sale of the week in the L.A. area.  Villa Cape Point, a nearly 11,000-square-foot estate at 32040 Cape Point Drive in The Estates at Trump National…

First you see a measure to kill L.A.’s controversial mansion tax heading toward the November ballot. Then poof: you don’t. The proposed ballot measure to eliminate Measure ULA and similar real estate transfer taxes across the state was pulled in a last-minute deal in Sacramento in favor of another measure to raise the voter threshold…

A cliff-top estate in Malibu built by the late developer Ken Harges and featured in television’s “The O.C.” and film’s “Austin Powers” has hit the market for $90 million. The Harges family has listed the 17,700-square-foot Mediterranean-style mansion at 28824 Cliffside Drive, in Point Dume, the Wall Street Journal reported. The longtime home of Harges…