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Did DWP approve a $40.8M DTLA lease that overcharges its ratepayers?
Figueroa Plaza (Google Earth), Christina Noonan (JLL) David Wright (LAMayor.org) It’s rare that a commercial broker tries to stop a lease deal from closing. But that’s exactly what is happening in the...
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Carnival Cruise operation to expand by more than 100% in Long Beach
Carnival Cruise terminal (Credit: madshome.com) Ahoy, cruise fanatics — Carnival Cruise Lines is expanding its dock in Long Beach. Boasting record earnings in the second quarter of 2016, the cruising...
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Follow The Real Deal Los Angeles on Instagram!
The Real Deal Los Angeles is now on Instagram! Our account features snaps of new developments around La La Land alongside the latest celebrity listings, giving you an insider’s look at what’s...
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DTLA retains shiny appeal in the face of oversupply — for now
(Credit: CoStar) If the first half of 2016 painted an ominous picture for the Downtown multifamily market, the third quarter didn’t offer much of a respite, despite a dip in vacancy. Ever-growing...
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Netflix signs another big lease with Hudson Pacific Properties
Building at Sunset Bronson Studios and Hudson Pacific Properties CEO Victor Coleman (Credit: Spectra Company, HPP) Netflix just inked a lease for several stages at Hudson Pacific Properties’ Sunset...
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Golden handcuffs: What Cushman’s hires of Harmon and Spies could mean for the...
From left: Brett White, Doug Harmon, Adam Spies and Bob Knakal From the New York website: Doug Harmon and Adam Spies had a good thing going at Eastdil Secured. The duo brokered some of the city’s...
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Wanda Group is an “exceptional friend” to LA: Mayor Garcetti
Wang Jianlin and Eric Garcetti share a hug at the event Monday night (Credit: Patrick Fallon/Bloomberg via Getty Images) The Wanda Group may have foes — for example, developer Beny Alagem, who has...
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“Seinfeld” producer turns to real estate with $11.5M Bel Air spec house
Andrew Scheinman and his spec house at 525 Bellagio Terrace (Credit: Gussman Czako Estates, Getty) Andrew Scheinman, a veteran TV producer whose credits include “Seinfeld” and “When Harry Met Sally,”...
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Compass inks lease for sixth SoCal office at Brentwood Saltair building
Stan Richman (Compass) and the Brentwood Saltair building (Douglas Emmett) On the heels of its expansion to the Playa Vista area, venture capital-backed brokerage Compass is taking on Brentwood....
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1. AEW claims NMS forged documents in JV lawsuit 2. Tishman nearing purchase of Hyperloop One HQ 3. Proper Hospitality announces Santa Monica Proper 4. Wanda’s Wang Jianlin is schmoozing it up in LA 5....
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Hollaback! Gwen Stefani and Gavin Rossdale list Beverly Hills pad for $35M
Gwen Stefani, Gavin Rossdale and their home at 11951 Crest Place (Credit: Getty, Westside Estate Agency) It was once their “Sweet Escape,” but Gwen Stefani and her ex-husband Gavin Rossdale’s Beverly...
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China Life takes $2B stake in Starwood Capital’s US hotels
From left: Yang Mingsheng and Barry Sternlicht China Life Insurance purchased a $2 billion stake in Starwood Capital Group’s U.S. hotels. After the sale, the Chinese sovereign wealth fund will be the...
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Tepid construction in September points to multifamily tumble
(Credit: Willis Towers Watson Wire) There has been a substantial dip in the production of U.S. multifamily housing year-over-year, but new construction of single-family units remains strong, according...
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State of Israel buys Beverlywood home for consulate, seeks code exemptions...
The house near Beverlywood (the Agency) and Consul General Sam Grundwerg (embassies.gov) Israel’s official Consular Residence is now a $2.3 million, five-bedroom home in between the Pico-Robertson and...
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Jumbo lending has picked up with looser underwriting rules
A home in Los Feliz (credit: the Agency) From the New York website: Borrowers with lower incomes are qualifying for jumbo loans as underwriting standards ease up. Total Mortgage Service, a...
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Debate prep: Donald Trump’s real estate failures in LA
Donald Trump Jr., Donald Trump, Melania Trump and Barron Trump (Credit: Getty/M. Tran/FilmMagic) Before Donald Trump blundered his way through a presidential campaign, he was blundering his way through...
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CushWake poaches Paul Darrow from Marcus & Millichap
From left: Paul Darrow and Phillip Darrow (Cushman & Wakefield) Cushman & Wakefield’s capital markets poachfest is playing out on both coasts. The brokerage most recently nabbed multifamily...
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Current reader favorites: 1. Did DWP approve a $41M lease that overcharges ratepayers? 2. DTLA retains appeal in the face of oversupply — for now 3. Tishman nearing purchase of Hyperloop One HQ in AD...
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Blatteis & Schnur signs $8M worth of new leases at Brentwood Town Center
Brentwood Town Center at 13050 San Vicente Boulevard (Credit: Sonnenblick-Eichner Company) For Brentwood Town Center, it’s out with the old and in with the new. Blatteis & Schnur, the owner of the...
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Most EB-5 funds go to gerrymandered districts: fed gov’t study
From the New York website: The overwhelming majority of EB-5 funding goes into gerrymandered districts where affluent neighborhoods are combined with high-unemployment areas that qualify for the...
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