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Martin family shops stake in massive West LA development
When the Martin family first proposed a public-transit-oriented megaproject on the site of their West L.A. Cadillac dealership, some thought it ironic. Were the purveyors of Escalades — who have owned...
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NIMBY payday? Developer RREEF moves forward with Manhattan Beach mall...
Rendering of Manhattan Village makeover (JLL) The Manhattan Village shopping center in Manhattan Beach will finally get a makeover, following a lawsuit settlement. A neighborhood group, Sensible...
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Grizzlies forward Chandler Parsons shuffles into Bel Air estate for $11M
Home on Stone Canyon Road, Chandler Parsons (Matthew Momberger/Getty Images) Chandler Parsons, forward for the Memphis Grizzlies, scored an extensively remodeled Bel Air home for $10.9 million — $2.4...
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Mnuchin: Maybe we’ll keep the carried interest loophole after all
Treasury Secretary Steve Mnuchin (Credit: Getty Images) The carried interest loophole may live to enrich another day — at least for some funds. “We will close the loophole for hedge funds in carried...
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Not the next Arts District: Council member wants to keep parts of the Valley...
Proposed Chatsworth-Northridge Industrial Core (Mitchell Englander) Council member Mitch Englander wants to protect the tight industrial market in the San Fernando Valley. Englander proposed a motion...
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“LA Confidential” studio lot sells for $20M
Columbia Mills at 2626 Lacy St. (credit: LoopNet) Remember dear readers, you heard it here first, off the record, on the QT, and very hush-hush. — Sid Hudgens, “L.A. Confidential” The Lincoln Heights...
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“American Idol” star Katherine McPhee nabs Studio City estate
Katherine McPhee and her Spanish-style home in Studio City (credit: The MLS, Getty Images) Singer and actress Katherine McPhee is moving to Studio City. McPhee just dropped $2.05 million on a...
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Competition over US real estate business causes shakeup at major Israeli...
Gal Amit, Rafael Lipa and the Tel Aviv Stock Exchange (Credit: Getty Images) From TRD New York: With U.S. real estate companies quickly becoming an established sector in the Israeli bond market,...
View ArticleWhat you need to know about LA neighborhood prices, in one chart
Housing prices vary as widely in Los Angeles as do its neighborhoods. Some people will pay a premium for an oceanside property, others for a high-rise in Downtown or a slice of LA’s hipster capital....
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JV between Oaktree and Trinity to invest $3B in Cali hotels
Ben Bianchi of Oaktree Capital Management (credit: Oaktree Capital Management) Downtown Los Angeles investment firm Oaktree Capital Management has, once again, teamed up with Honolulu-based Trinity...
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Treasury Department finally adds teeth to LLC disclosure rule
From TRD New York: The Treasury Department closed a gaping loophole in its effort to crack down on money laundering in real estate on Tuesday, extending its LLC disclosure rules to deals that involve...
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Model Erin Wasson sells her bohemian Venice pad for $3M
Erin Wasson’s chic home at 1623 Crescent Place (credit: The MLS, Getty Images) Model and occasional designer Erin Wasson sold her chic Venice property for $3.15 million. The property includes three...
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Blackstone lists two Glendale office properties as a package deal
Blackstone properties at 801 N. Brand Avenue and 700 N. Central Boulevard (Google Maps) Blackstone Group is continuing its selling spree. This time, the company is offering a two-for-one deal, seeking...
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Could the mortgage interest deduction get chopped after all?
US homes and Treasury Secretary Steve Mnuchin The mortgage interest deduction is the annoying aunt of entitlements: once through the door it’s just impossible to get rid of. At least that used to be...
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Developer Mitsui Fudosan inches closer to breaking ground on 39-story DTLA tower
Rendering of 8th, Grand and Hope project (City of LA Department of City Planning) Construction could start by the spring of 2019 on developer Mitsui Fudosan America Inc.’s residential tower, now dubbed...
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Bridge Development finds buyer for 20-acre industrial site in Torrance
Rendering of 20333 S. Normandie Avenue (Bridge Development Partners) That was fast. Chicago-based Bridge Development is nearing a deal to sell its 20-acre industrial site in Torrance, after listing the...
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LA City Council committee votes to charge developers linkage fees
(credit: Getty Images) A key Los Angeles City Council committee wants developers to pay more for their upcoming projects. The city’s Planning and Land Use Management Committee voted Tuesday in support...
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Richard LeFrak says Trump’s Charlottesville comments were “inappropriate.”...
Donald Trump and Richard LeFrak (Photo illustration by Lexi Pilgrim using Getty Images) From TRD New York: Richard LeFrak said Wednesday that President Trump’s comments on the eruption of white...
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Moving sale: NBA star Chris Paul chops more than $2M off Bel Air manse listing
Chris Paul recently signed a contract with the Houston Rockets. (credit: Getty Images, The MLS) How low can Chris Paul go? The former Los Angeles Clippers point guard has cut the price of his Bel Air...
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Colony NorthStar alumni launch new investment firm
From left: Paul Fuhrman, Jae Yi, Parry Hariri (credit: Miramar Capital) Two former employees of Tom Barrack’s Colony NorthStar (CNS) have launched their own firm, Miramar Capital. Paul Fuhrman, who was...
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