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Umbrella Hotel Group buys 216-key DoubleTree LAX for $54M: sources
DoubleTree by Hilton Hotel, El Segundo (credit: Hilton) Umbrella Hotel Group sealed a $54.1 million deal for the newly renovated DoubleTree by Hilton Hotel near Los Angeles International Airport,...
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Blackstone is buying out Jeff Worthe’s partners in Burbank portfolio
Jonathan Gray, Jeffrey Worthe, the Pointe office (credit: Google Maps) Blackstone Group is making a major recapitalization play in Burbank. The real estate giant agreed to buy majority stakes in five...
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Bridge Development listing 512k sf industrial site in Torrance
A rendering of the Torrance project Chicago-based Bridge Development is shopping its still under-construction 20-acre Bridge Point South Bay industrial site in Torrance. The 512,490-square-foot Class A...
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“American Idol” director Bruce Gowers relists Malibu farm for $14.5M
Director Bruce Gower’s property at 6133 Bonsall Dr. (credit: The MLS, Getty Images) British T.V. producer and director Bruce Gowers has put his Silver Raven Farms equestrian estate back on the market...
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Trump’s lawyer threatens to lodge a complaint against special counsel Mueller...
Robert Mueller (Credit: Getty Images) From TRD New York: President Donald Trump’s lawyer, Jay Sekulow, told The New Yorker this week that the president’s legal team would consider it out of bounds for...
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Listings that linger usually get price cuts — but this $80M Beverly Hills...
Sam Real and 901 N. Drive, the priciest listing Nest Seekers Beverly Hills has ever had (Nest Seekers/Facebook) The longer a listing lingers on the market, the harder it is to sell. Brokers typically...
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Zara inks 28K sf lease at Beverly Center
Zara is moving into Beverly Center (credit: Beverly Center) Fast-fashion giant Zara will be moving into the Beverly Center this fall. The Spanish brand inked a deal for a 28,291-square-foot space that...
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Are Sunset Junction developers LA’s most patient real estate players?
A rendering of 4311 Sunset Blvd. (credit: Department of City Planning) For some builders, five years is too long to wait for a project approval. But Frost/Chaddock Developers can wait longer. The firm...
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3 out of 4 renters in LA want to move elsewhere
Nearly 77 percent of renters in Los Angeles want to move (Getty Images) Renters in Greater Los Angeles believe the grass is greener on the other side. Despite a strong job market, three out of four...
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Real estate’s top players to join The Real Deal in Shanghai this November
Top row, from left: Nick Mastroianni, Charles Bendit and Bentley Zhao; middle row, from left: Kobi Karp, Wendy Cai-Lee and Chris Wein; bottom row, from left: JD Parker, Nikki Field and Shahab Karmely...
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Los Angeles developer and MDLLA star reaches $7.5M settlement with SEC over...
Jay Belson and one of the properties he has sold in Bel Air (credit: Jay Belson) Beverly Hills developer Jay Belson — who also lists his own properties as a broker — will have to cut a check for $7.5...
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CRA/LA sells Dolby Theatre to City of LA — for cheap
The City of Los Angeles is buying Dolby Theatre for only $100,000 (credit: Dolby Theatre) One might think the home of the Oscars would sell for a hefty pricetag. But it didn’t go quite that way in a...
View ArticleFutterman: Brick-and-mortar and e-commerce can co-exist
From TRD New York: It’s easy to attribute the rise of e-commerce to the slow death of brick and mortar shops — but RKF chief Robert Futterman sees it more as a symbiotic relationship. “Online...
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Pacific Reach builds on LA holdings with $62M Van Nuys buy
Sherman Plaza (Credit: CBRE) Pacific Reach Properties, a Canadian real estate investment firm headed by Azim Jamal and Joe Moosa, acquired a two-building office campus in Van Nuys for $61.9 million, or...
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Kendall Jenner wants to sell both her Wilshire condo and Sunset Strip home
Kendall Jenner and her Wilshire condo (credit: Getty Images, Coldwell Banker) Calling all Kardashian fans. Model and social media star Kendall Jenner is looking to sell her condo in a luxury high-rise...
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Confirmed: Mauricio Umansky to speak at TRD’s Southern California real estate...
Mauricio Umansky The Real Deal is excited to announce the addition of the Agency CEO Mauricio Umansky to our roster of panelists at next month’s Southern California Real Estate Showcase and Forum!...
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Christian college Shepherd University in DTLA files for bankruptcy
Shepherd University’s DTLA campus at 3200 N San Fernando Road (credit: Shepherd University) Christian college Shepherd University in Downtown Los Angeles filed for bankruptcy protection on Monday. The...
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City Council okays North Hills project with 364 apartments
A rendering of the four-building apartment complex in North Hills (credit: Department of City Planning) The Los Angeles City Council voted unanimously Wednesday to approve a plan for 364 new apartments...
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Sunset Group scoops up Downtown Long Beach apartment tower for $133M
The Current at 707 E Ocean Boulevard (Apartments.com) Sunset Group, the Los Angeles-based real estate investment firm formerly known as Studio Management Services, has dropped $132.9 million on a...
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