Clik here to view.
Submarket Snapshot: Homes in West LA in Q1 2016
A property at 1547 South Carmelina Avenue in West L.A. (credit: Realtor.com) West L.A. saw 10 homes sell for more than $1 million in the first quarter, down from 20 in the fourth quarter of 2015,...
View ArticleClik here to view.
Town/Agency merger is off: Heiberger
Mauricio Umansky, Andrew Heiberger and Joe Sitt From the New York website: A potential merger between Town Residential and boutique Beverly Hills brokerage the Agency is now dead in the water. Town CEO...
View ArticleClik here to view.
Horizon Buildings buys Santa Monica office for $28M
Susan Zolla of Horizon Buildings, Mike Longo of CBRE and the property at 2601 Ocean Park Boulevard A Santa Monica-based real estate company bought the building next to its headquarters for more than...
View ArticleClik here to view.
Want to Airbnb like Britney Spears? You better work!
Britney Spears (Photo credit: Glenn Francis via Wikipedia) From Luxury Listings NYC: Pop star Britney Spears and her family recently shacked up in this ever-so-swanky $8,000 per-night Airbnb rental....
View ArticleClik here to view.
Mandy Moore sells longtime home for $3.2M
Mandy Moore in “A Walk to Remember” (credit: Warner Bros.) Here’s a house to remember. Former teen sensation Mandy Moore is selling the Los Feliz house she shared with ex-husband Ryan Adams for just...
View ArticleClik here to view.
Developer Mark Gabay buys UCLA’s Japanese Garden
The Hannah Carter Japanese Garden at 10920 Wilshire Boulevard and Mark Gabay Looks like the Hannah Carter Japanese Garden will continue to blossom, even after its sale to developer Mark Gabay. UCLA has...
View ArticleClik here to view.
Sold! Hefner’s neighbor is buying the Playboy Mansion: report
Hefner and the Playboy Mansion It’s the end of an era. The Playboy mansion, a massive estate in Holmby Hills and the bawdy cultural vestige of simpler, pre-internet times, is reportedly in contract to...
View ArticleClik here to view.
Marriott CEO: Expect “tens of billions in Chinese investment” in US hotels
Arne Sorenson From the New York website: If there’s one person who knows a thing or two about the impact of growing Chinese interest in U.S. hotels, it’s Marriott International CEO Arne Sorenson....
View ArticleClik here to view.
Japanese firm active in NYC plans 436-unit residential tower in DTLA
MFA CEO John Westerfield and the Figueroa Street site Two years after the debut of its West Coast office in San Francisco, the American investment arm of Japanese development firm Mitsui Fudosan is...
View ArticleClik here to view.
Berkshire Group buys massive One Santa Fe development in Arts District
The One Santa Fe Complex at 300 South Santa Fe Avenue in the Arts District, and Berkshire Group CEO Chuck Leitner It is nicknamed the “Empire State Building on its side,” because, if it were to stand...
View ArticleClik here to view.
Calabasas fire destroys a commercial building and a summer camp
The Calabasas fire and Camp Wildcraft operators Shira Davis and Benny Ferdman (credit: YouTube, Camp Wildcraft) A commercial building and a campsite off Mulholland Highway were ravaged over the weekend...
View ArticleClik here to view.
Submarket Snapshot: Homes near Beverly Center in Q1 2016
A rendering of the remodeled Beverly Center (credit: Business Wire) There were 31 homes sold in the Beverly Center area for more than $1 million in the first quarter of the year, down from 32 in the...
View ArticleMost Popular on The Real Deal
Current reader favorites: 1. Google has leased the Spruce Goose hangar in Playa Vista 2. LA residents are buying vacation homes…in LA 3. The Agency made under $1M over 36-month period 4. Longtime David...
View ArticleRebel Wilson buys WeHo house for $3M
A photo posted by Rebel Wilson (@rebelwilson) on Feb 29, 2016 at 2:10am PST Fat Amy has a new house. “Pitch Perfect” actress Rebel Wilson just bought a property in West Hollywood for a sliver below $3...
View ArticleClik here to view.
Trump International Realty gets little love in its hometown
Donald Trump at the launch of Trump International Realty in 2012 (Credit: Zachary Kussin for The Real Deal) From the New York Website: Standing in the marble lobby of Trump Tower in October 2012,...
View ArticleClik here to view.
South LA developments struggle to get off the ground
8629 South Vermont Avenue and former City Council member Bernard Parks Despite multiple promises of retail revitalization in recent years, South L.A. remains in urban decay — destitute of shopping...
View ArticleClik here to view.
Colony Capital merges with NorthStar Realty, NorthStar Asset Management Group
Investment firm Colony Capital has merged with the New York-based NorthStar Asset Management Group and NorthStar Realty Finance Corporation, the companies announced last week. With a combined $58...
View ArticleClik here to view.
Zillow settles lawsuit with Move Inc.
From left: Errol Samuelson and Curt Beardsley From the New York website: Zillow Group is forking over $130 million to settle a lawsuit with competitor Move Inc. related to the alleged theft of trade...
View ArticleClik here to view.
BentleyForbes will officially dissolve: report
C. Frederick Wehba and the property at 1700 Green Acres Drive in Beverly Hills Failed Los Angeles-based real estate firm BentleyForbes is planning to announce this week that it will officially dissolve...
View ArticleFormer Clipper Kenyon Martin buys Jason Kubel’s house for $2.8M
A photo posted by Straightjacketcrazy. (@kenyonmartinsr) on Sep 17, 2015 at 6:50am PDT This must be the house of champions. Former Los Angeles Clipper Kenyon Martin recently bought a Calabasas home...
View Article