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Nearly 1,400 rent-controlled units were stripped from market in 2016
(credit: City Planning) Nearly 1,400 units were stripped from the Los Angeles housing market last year under the Ellis Act, marking a 27 percent increase from 2015 figures, according to findings from...
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Altman bros win top prize for California at Elliman awards
Josh and Matt Altman “Million Dollar Listing” stars Josh and Matt Altman took home the top California spot at this year’s Douglas Elliman awards, hosted at New York City’s Radio City Music Hall...
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Wanda Group’s Dick Clark Productions deal nixed
Wanda chairman Wang Jianlin and a rendering of the One Beverly Hills project at 9900 Wilshire Boulevard (Credit: Getty, Richard Meier Architects) The owners of Dick Clark Productions have scrapped a $1...
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Rockstar Energy founder lists Beverly Hills manse for a $45M flip
Sunset Boulevard mansion (The Agency) The French Country estate of Rockstar Energy Drink creator Russ Weiner has been amped up and is now ready for a buyer. Weiner initially purchased the home — once...
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Real estate crowdfunding exec is top HUD adviser
From left: Maren Kasper, Donald Trump and Ben Carson (Credit: Getty Images) From the New York website: When Fannie Mae agreed to back $1 billion in single-family rental debt from Blackstone Group’s...
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LA developers still cautious, despite Measure S defeat
Yard signs against Measure S (Getty Images) The party seems to be winding down for those who fought Measure S, the anti-development initiative voters swiftly rejected this week. Developers are now...
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Chinese sovereign fund CIC buys stake in Airbnb
From left: CIC Chairman Ding Xuedong and Airbnb founders Nathan Blecharczyk, Joe Gebbia and Brian Chesky (Credit: Getty Images) From the New York website: China’s sovereign wealth fund bought a stake...
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Carmel Partners grabs stalled Casden site in West LA for $50M
A rendering of the Casden West LA project San Francisco-based Carmel Partners snapped up a West Los Angeles development site for $49.5 million from a real estate investment firm headed by Beverly Hills...
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What to expect in The Real Deal LA’s April print issue
TRD LA’s January issue The Real Deal, the number one source for real estate industry news, launched in Los Angeles last year, with our first print edition released in September, and our second in...
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Venice residents call for Snapchat boycott days after IPO wraps up
Illuminated Venice sign at Venice Beach (Credit: Getty) Venice activists are calling on local residents to pull any support for their controversial, newly publicly-traded neighbor, Snap, Inc. Backers...
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N Hillcrest is newly minted billionaire’s playground
Markus Persson’s $70 million spec house When spec home builder Bruce Makowsky unveiled an $85 million mansion on N. Hillcrest Drive in the Trousdale Estates area of Beverly Hills in 2014, industry...
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Redondo Beach initiative could derail $300 million mixed-use project
Bill Brand A plan to build a new $300 million mixed-use hub in Redondo Beach could be hindered by a hyperlocal ballot initiative that passed in last week’s elections, Curbed reported. The passing of...
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Geoff Palmer sells house in Beverly Hills Flats for $8.5M
Geoff Palmer and the N. Sierra Drive home Infamous Beverly Hills developer Geoff Palmer, one of President Donald Trump’s most generous donors, has sold a home on N. Sierra Drive for $8.5 million, The...
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More details on Hankey and Jamison’s tower near Ktown and Westlake
Project rendering of 2908 Wilshire Boulevard (Department of City Planning) New details reveal what the Wilshire high-rise apartment tower by investment firm Hankey Investment Co. and partner Jamison...
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Ed McMahon’s old house hits the market for $22.5M
Ed McMahon and his former home on Tennyson Place (Credit: Military.com, Zillow) Heeeeeeere’s Ed McMahon’s former home, now on the market for $22.5 million. The half-acre compound in Hermosa Beach...
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The priciest home listings in LA last week
Priciest Listings (MLS) Rockstar Energy Drink creator Russ Weiner may not have lived in his Beverly Hills estate, but the 12,100-square-foot mansion still made it to the top of last week’s priciest...
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What neighborhoods supported Measure S?
Sunset Junction sign reworked to draw support for Measure S (Hillel Aron/LA Weekly) Turns out, none of them did. Measure S, the controversial anti-development ballot initiative that would’ve suspended...
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First look: Inside hedgie’s vision to replace $50M Beverly Hills teardown
(Shubin Donaldson) A hedge funder who purchased two adjacent lots on N. Hillcrest Road for a combined $50 million is planning to replace an old Mexican-style residence with a contemporary, museum-like...
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Rising Realty Partners in contract to buy One California Plaza for roughly...
Nelson Rising, Chris Rising and the Cal Plaza towers Rising Realty Partners is in contract to buy one of the most prominent buildings on Downtown L.A.’s skyline, The Real Deal has learned. Rising, the...
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Current reader favorites: 1. Carmel Partners grabs stalled Casden site for $50M 2. N Hillcrest is newly minted billionaire’s playground 3. DEI buying 1299 Ocean for roughly $290M: sources 4. Geoff...
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