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Not even in my own backyard? Granny Flat builders stuck in legal bind
A rendering of a granny flat (Credit: Home Renovation Hints) Hundreds of Los Angeles residents are stuck in a legal dispute over secondary units known as “granny flats,” which have been viewed as one...
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Family trust plans 29 boutique condos in Koreatown
The property at 900 South Kenmore Avenue Koreatown is seeing a condo kick as of late. Plans have been filed for a 29-unit condo complex at 900 South Kenmore Avenue, according to city planning...
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Benedict Canyon Equities buys Carson apartments for $55M
Benedict Canyon Equities President and CEO Ryan Somers and the property at 21800 Avalon Boulevard Benedict Canyon Equities has purchased a 150-unit apartment building in Carson for $55 million, The...
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Jennifer Lawrence sells Santa Monica starter home
Jennifer Lawrence and her condo (photo credit: Gage Skidmore via Wikipedia) From Luxury Listings NYC: Academy Award-winning actress and everyone’s dream best friend, Jennifer Lawrence, is moving on up...
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Current reader favorites: 1. LeFrak plans 260-unit Hollywood mixed-use development 2. Jay Luchs on Blue Bottle, DTLA Apple store rumors and celeb retail 3. “50 Shades of Grey” author has spanking new...
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Joe’s Jeans designer sells sleek Hollywood Hills West house for $6.1M
Joe Dagan and the house at 1810 Rising Glen Road (Credit: Hilton & Hyland) Joe’s Jeans founder and designer Joe Dagan has sold his Hollywood Hills West pad for $6.1 million, a nice profit over the...
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Resi lenders think twice about refinancing an Airbnb home
Airbnb founders Nathan Blecharczyk, Joe Gebbia and Brian Chesky From the New York website: In addition to new government regulations, angry neighbors and the occasional orgy, hosts who rent their homes...
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Ultimate kid-friendly home hits the market for $15.5M, theme song not included
Stefanie Ridel and Ron Fair, and their home at 499 Halvern Drive Music executive Ron Fair and his wife, songwriter Stefanie Ridel, have listed their 9,200-square-foot Brentwood home for $15.5 million,...
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Industrial LA rents continue to skyrocket despite uptick in construction
A Walmart.com fulfillment center (Wal-Mart) Unrelenting tenant demand for L.A. industrial properties persisted in the first half of the year, causing rents to skyrocket and cap rates to compress,...
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LaTerra files preliminary plans for 221 condos between Koreatown and Westlake
Rendering of LaTerra’s Silverlake town homes at 2753 Waverly Drive Taking a lead from Koreatown’s burgeoning condo market, Los Angeles-based firm LaTerra Development has requested a vesting tentative...
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The American McMansion is dying for good
A McMansion in Salinas, California. (Wikimedia Commons) In the late 1990s to mid-2000s, there was perhaps no better indicator of affluence than the McMansion, a cookie-cutter suburban home that...
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Kennedy Wilson buys 157 townhouses in Santa Clarita for $61M
The town houses at 18179 West Terra Verde Place Kennedy Wilson has acquired a 157-unit townhouse complex in Santa Clarita for $61 million, The Real Deal has learned. The seller of the 12.5-acre...
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NGKF poaching spree: two brokers from Madison Partners, two from CushWake
Steven Salas and Brad Feld (via Madison Partners) Newmark Grubb Knight Frank is continuing the poaching spree that began with its nabbing of capital markets bigwig Kevin Shannon from CBRE earlier this...
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Current reader favorites: 1. Jay Luchs on Blue Bottle, DTLA Apple store rumors and celeb retail 2. Beverly House estate owner looks crowfund $40M refi 3. “50 Shades of Grey” author has spanking new...
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Compass hits $1B+ valuation with Series D round
Ori Allon and Robert Reffkin From the New York site: Compass has leapfrogged past a $1 billion valuation after raising a $75 million Series D round, according to Bloomberg. The round, led by Wellington...
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CIM nabs Chicago’s iconic Tribune Tower for nearly $240M
Chicago’s Tribune Tower L.A.-based CIM Group has agreed to buy Chicago’s iconic Tribune Tower for close to $240 million, Tribune Media announced Tuesday. The deal, which is part of Tribune’s ongoing $1...
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US home prices steadily climb in June: Case-Shiller
From the New York website: Home prices across the nation continued to climb in June, even as more prospective buyers decided to sit on the sidelines. The S&P CoreLogic Case-Shiller Indices rose 5.1...
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The 650-acre Malibu Golf Club sells in receivership for $30.5M
Bill Hoffman of Trigild (credit: Business Wire) and the Malibu Golf Course The Malibu Golf Club, which went bankrupt for a second time last year, has sold in a receivership sale for $30.5 million. The...
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Developer Premier League plans 65-unit mixed-use complex on Pico Boulevard
The site at 5050 West Pico Boulevard Los Angeles developer Premier League Inc. is planning a five-story, 65-unit apartment complex between West Pico and Venice Boulevards in Mid-City, The Real Deal has...
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TRD’s LA Market Report is almost here
The Real Deal is picking up stakes and heading out west! The inaugural edition of our Los Angeles Market Report will arrive in L.A. in early September, with additional distribution in the New York...
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