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AXA Equitable to ink $106M loan for Warner Center deal
The LNR Warner Center at 21215 Burbank Boulevard; Adam Schwartz, Angelo, Gordon & Company’s head of U.S./Europe real estate; and David Binswanger, Lincoln Property’s senior executive vice president...
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Cedars-Sinai inks lease for 76K sf at Pacific Design Center
Pacific Design Center UPDATED, 3:33 p.m., Dec. 19: Cedars-Sinai medical center has inked a deal for 76,000 square feet at Cohen Brothers Realty’s Pacific Design Center in West Hollywood, The Real Deal...
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Essex Property Trust buys $185M apartment portfolio in the Valley
Essex Property Trust CEO Michael Schall and 12000 Riverside Drive (Credit: multifamilyexecutive.com, Rent.com) Palo Alto-based REIT Essex Property Trust acquired two apartment communities in L.A.’s San...
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Trump’s super-wealthy cabinet is a boon for DC real estate
2416 Ridge Road Drive in Alexandria, VA, which is on the market for $2,095,000 (Credit: The Goodhart Group) From the New York website: A whole new cohort of millionaires (and billionaires) is headed to...
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What developments are exempt from Measure JJJ?
Jamison founder and CEO David Lee and the development site along Wilshire Boulevard If you’re a multifamily developer currently in the entitlement process and your project requires a zone change,...
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Japanese company in advanced talks to buy Google’s Spruce Goose hangar for...
Ratkovich CEO Wayne Ratkovich, Google CEO Sundar Pichai and the Spruce Goose hangar The future centerpiece of Google’s Southern California campus, the “Spruce Goose” airplane hangar in Playa Vista, is...
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Compass poaches four Westside agents from Sotheby’s
Amy Alcini (via Twitter) Compass hired four agents from Sotheby’s this month, poaching them from various Westside offices, the company told The Real Deal. The bigger players, Amy Alcini and Tony Mark,...
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Current reader favorites: 1. AEW sells nine apartment buildings for $430.5M 2. What developments are exempt from Measure JJJ? 3. Chinese investor buys resi-entitled Warner land for $19M 4. Essex buys...
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New bill would end state tax breaks for second homes
A house at 10224 Babbitt Avenue and Assemblymember David Chiu Lawmakers are considering a bill that would end tax breaks for second homes in order to fund affordable housing. The bill, which was...
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The 10 biggest real estate tech deals of 2016
From left: Jason Smith, Robert Reffkin, Eric Wu and Nick Romito (Credit: Lexi Pilgrim for The Real Deal) From the New York website: The real estate tech industry in 2016 could be summed up in one...
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Taboo’s house went into contract just six days after hitting the market
Taboo and his house on Skyview Drive (Credit: Getty, Redfin) “Black Eyed Peas” star Taboo, best known for adding to the band’s top tunes with myriad choruses of “yeah, yeah, yeah,” is singing all the...
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Home sales reach highest level since beginning of recession
From the New York website: Home sales in November jumped to the highest levels seen since the beginning of the recession, but the flurry of activity could be tempered by rising mortgage rates and sale...
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Caltrans to sell 460 houses along the 710
The 710 Freeway (Credit: Interstate Guide) The California Department of Transportation, or Caltrans, is now selling the 460 homes along the 710 Freeway that it purchased in the 1950s and 60s for an...
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Jared Kushner is shopping the New York Observer: report
Jared Kushner (credit: Getty Images) From the New York website: Donald Trump hasn’t agreed to sell off a single cent of his business empire before he becomes president, but his son-in-law, the oft...
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Douglas Elliman’s Colin Keenan on breaking into La La Land
Colin Keenan (via Douglas Elliman) The lawn signs of mega-brokerages such as Coldwell Banker, Sotheby’s and Keller Williams are ubiquitous in Los Angeles. And to any real-estate-savvy Angeleno,...
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Current reader favorites: 1. Japanese firm in talks to buy Google hangar for $300M+: sources 2. Tool drummer bought Emilio Estevez’ micro-vineyard for $6.35M 3. AEW sells nine apartment buildings for...
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NII proponents say opposition fudged report for voter guide
The Beacon Economics report Proponents of the anti-development Neighborhood Integrity Initiative, now known as Measure S, say the opposition submitted inaccurate information about the measure for a...
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Trump renegotiating $300M in Deutsche Bank loans
Trump Tower Chicago, Donald Trump and the Trump International Hotel Washington DC From the New York webstite: Donald Trump is currently in negotiations with Deutsche Bank to remove personal guarantees...
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Planning Commission goes after hotel-like homes in Bel Air-Beverly Crest
A Bel Air spec house (credit: SAOTA) Amid Los Angeles’ impending crackdown on enormous mansions, city officials are considering a separate set of regulations that single out Bel Air-Beverly Crest,...
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Vanke loses $10B in market value amid takeover uncertainty
Wang Shi From the New York website: Chinese development giant China Vanke has lost $10 billion in market value in December, as investors are selling off shares amid fears that government intervention...
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