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“Departed” producer sells Malibu Cove home for $10M
Malibu Cove Colony home, Gianni Nunnari (MLS/Getty Images) Italian film producer Gianni Nunnari sold his gated beachfront home on Malibu Cove Colony for $10.4 million. The contemporary-style home built...
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A eulogy for Measure S
From the April issue: In the run-up to the March 7 vote, the “Yes on S” billboards towered over Los Angeles communities like the mega-developments the ballot initiative targeted. But ultimately, that...
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Paul Williams house saved by Bob Iger asks $17M
The Hunt Residence (credit: LA Conservancy) and Bob Iger (Credit: Getty Images) A Paul Williams-designed home in Brentwood once saved from the wrecking ball by Disney CEO Bob Iger has hit the market...
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Beverly Hills to begin enforcement of new rent stabilization rule
Beverly Hills apartment building at 1059 S. Bedford Street The Beverly Hills City Council earmarked $250,000 in funds for the implementation of the city’s new rent stabilization ordinance last week,...
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Venice Beach Freakshow’s landlord won’t renew its lease
Employees of the Venice Beach Freakshow in 2013 (Credit: Getty) Many are calling it the final nail in Venice Beach’s freaky coffin. The Venice Beach Freakshow, an 11-year fixture on the boardwalk, put...
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Trump tax plan could bruise REITs
Donald Trump, Steve Roth and Marc Holliday From TRD New York: On Wednesday, Treasury Secretary Steven Mnuchin and National Economic Director Gary Cohn laid out the basic principals of the White House’s...
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Elon Musk wants to tackle LA traffic with underground tunnels
Video still of underground tunnel, Elon Musk (The Boring Company/Getty Images) Even Elon Musk must sit through Los Angeles traffic, but the Tesla and SpaceX founder has dug up a new solution:...
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Here’s what LA’s $10M-$30M investment sales market looked like this week
853 Sanborn Avenue and 11541 N. Blucher Avenue In the world of mid-market L.A. investment sales last week, IMT sold another multifamily property, as did Ness Development. Meanwhile, the Irvine-based...
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The priciest home listings in LA last week
Priciest listings (MLS) Two is better than one for mega-mansion developer Nile Niami. The builder listed two homes last week – one on N. Crescent Drive and another on St. Ives Drive – and both made it...
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Billionaire money manager’s son buys Beverly Hills pad for $16.3M
410 Dabney Ln (Hilton & Hyland) Trousdale Estates in Beverly Hills has attracted another wealthy family with billionaire ties. Phillip Sarofim, son of Texas billionaire and fund manager Fayez...
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Talent booker Tom Windish lists Los Feliz home for $1.75M
Talmadge Street home (Getty Images/Shooting LA) Talent booker Tom Windish is looking for a new kind of act. The entertainment executive, who has signed artists such as Lorde, The xx, Diplo and Alt-J,...
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Supreme Court ruling paves way for cities to sue banks over predatory lending
Justice Stephen Breyer (Credit: Getty) A ruling by the Supreme Court Monday cleared the way for cities like Los Angeles to sue big banks over discriminatory lending practices that hurt buyers in...
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VC firm Fifth Wall raises $212M real estate tech fund from CBRE, EQR, others
From left: Brenden Wallace and Brad Greiwe From TRD New York: UPDATED, May 2, 10:55 a.m.: Venture capital firm Fifth Wall Ventures raised $212 million for what it claims is the first fund backed by...
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Pumping the brakes on lending
From left: Jonathan Genton, Jeff-Weller and Marchell Hilliard From the April issue: Jonathan Genton Founding partner and CEO, Genton Property Group How have lending conditions in the L.A. commercial...
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Henkel, Dentsu Aegis ink 98k sf of leases at IDS complex in Culver City
IDS CEO David Mgrublian and a rendering of C3 at 5800 Bristol Parkway IDS Real Estate Group secured the first two tenants for its near-complete C3 creative office development in Culver City, the firm...
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Hudson Pacific Properties is now the nation’s largest independent studio...
A building at Hollywood Center Studios (via wiki) and HPP CEO Victor Coleman (via HPP) Hudson Pacific Properties’ $200 million deal to acquire Hollywood Center Studios — which The Real Deal first...
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Local developer plans 86 units in Westchester
The site at 8521 S. Sepulveda Boulevard Local real estate firm Caladan Investments filed plans to build a mixed-use complex with 86 residential units and 1,000 square feet of commercial space in...
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CoStar could spend up to $20M on Xceligent suit this year
Andrew Florance and Doug Curry From TRD New York: In the ongoing copyright battle between CoStar and its arch rival Xceligent, there’s already one clear winner: the lawyers. CoStar expects to spend up...
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Mega-mansion development is decimating LA County’s tree population: study
Home under construction near the Westside (Getty Images) L.A.’s mega-mansion development craze, and an increase in single-family homeowners knocking down walls to build more rooms is having an impact...
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Uber signs 18K sf lease at Onni Group’s Times Mirror Square property: sources
The Times building (Getty Images) Ride-sharing company Uber is pulling into a spot inside the Times Mirror Square complex at the Times South building on 145 S. Spring Street, The Real Deal has learned....
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