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The Real Deal is hiring!
The Real Deal is hiring! We are currently seeking freelance reporters and sales representatives for our fast-growing Los Angeles site. The West Coast website, along with the magazine’s New York City...
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Olive Hill pays $65.5M for Culver City campus
The Culver City office campus Olive Hill Group, a Los Angeles-based private investment and development firm, has shelled out $65.6 million for two Culver City office towers. The Class A properties,...
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New generation learning the perks of being a landlord
Row houses on Weirfield Street in Bushwick (credit: Roberta Sutton via Wikipedia) From the New York website: There’s a new, increasingly prevalent type of landlord – the kind that views the task as an...
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Submarket Snapshot: Homes in Echo Park and Silver Lake in Q1 2016
Mayor Eric Garcetti and the home he sold at 2120 Avon Street in Echo Park Los Angeles Mayor Eric Garcetti and his wife, Amy Wakeland, recently sold their Echo Park home for $1.71 million, $55,000 over...
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Current reader favorites: 1. Kim Gordon on how she flips $5M homes in Venice 2. Michael Condon Sr. and Jr. leave JLL for C & W 3. Billionaire plans campus on 450 acres in SM Mountains 4. More info...
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These are nine major developments under construction near Skid Row
Skid Row city limits (credit: Robyn Beck) Los Angeles County has a larger population of chronically homeless people than any other area in the country, and most of them sleep in the streets. From 2013...
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VTS raises $55M in Series C at $200M valuation
VTS founders Nick Romito, Ryan Masiello and Karl Baum, and a screen shot of the product From the New York site: In one of commercial real estate technology’s biggest-ever fundraising efforts, VTS...
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Plot in Bel Air’s tony Siena Way enclave asks $47.9M
Tom Gores of Platinum Equity A plot of land in one of Bel Air’s most exclusive enclaves has come on the market for $47.9 million, The Real Deal has learned. The two contiguous lots, at 671 and 673...
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Renters turn to micro-units to live affordably in DTLA
(credit: National Real Estate Investor) In the quest to find an affordable home in in L.A., size really doesn’t matter. A new style of “micro-units” has gained popularity in the region, particularly...
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Chinese money isn’t going away anytime soon: experts
Catherine Liang and Frederick Cooper (credit: LinkedIn, wharton.upenn.edu) From the New York site: Prudence may be the greatest virtue when it comes to Chinese investments in 2016. Despite volatility...
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Hillary Clinton campaign opens office in LA
(credit: mapio.net, YouTube) She may have lost last night in Indiana, but it’s manifest destiny now for Hillary Clinton: She’s moving out West. Clinton’s campaign opened an office in L.A. on Tuesday...
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Hollywood Hills resident: “We’re not happy in this neighborhood at all”
City Council member David Ryu (credit: Asian Pacific American Institute for Congressional Studies, Wikimedia Commons) All is not well in Hollywood Hills. The developer of a $2 million home on Sunset...
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28-acre site in San Fernando Valley hits the market
The plot of land for sale at 11630 Indian Hills Road in the San Fernando Valley and listing broker Laurie Lustig-Bower One of the largest land listings in the San Fernando Valley in recent years has...
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Submarket Snapshot: Homes in Malibu in Q1 2016
Richard Landry’s house in Malibu (credit: Landry Design Group) In the first quarter, 34 homes over $1 million sold in Malibu, according to a report by the Agency. They sold for an average of $2.6...
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Current reader favorites: 1. Olive Hill pays $65.5M for Culver City campus 2. New Urban West develops creative office near SM Expo 3. Here are nine developments under construction near Skid Row 4. Bill...
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Construction of Hollywood Target can proceed following law change
Rendering of Target at 5520 Sunset Boulevard (credit: Target) It’s the second coming of Target in Hollywood. Two years after a judge ordered the construction of a Target store to be halted, the L.A....
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Failure to launch: More than 30% of L.A. millennials still live with their...
In Los Angeles, the kids are staying home. An analysis by real estate listings website Zillow has found that 31 percent of millennials aged 24 to 34 are still living at home with their parents, a...
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Homelessness is on the rise in L.A. County
Mayor Eric Garcetti (credit: limitstogrowth.org, L.A. Mayor) L.A.’s homeless problem isn’t going away anytime soon. In Los Angeles County, the number of people sleeping outside in tents, cars and on...
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Wes Craven’s Hollywood Hills lair sells for $3.5M
Wes Craven and the Solar Drive pad The late Wes Craven got a scary-good deal on his Hollywood Hills home. Originally listed for $3.3 million, the horror film director sold the 3,594-foot-home for $3.5...
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US property value appreciation grinding “to a halt”: report
From the New York site: U.S. commercial real estate values, which have steadily risen over the past six years to eclipse their pre-recession peaks, have “come to a halt,” according to real estate...
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