This week in celeb real estate: A mansion Danny DeVito owned lists at $85M, former model buys for $34M… and more

From left: Bui Simon with Pacific Palisades home, and Danny DeVito with home in Beverly Hills (Getty) In Beverly Hills, a sprawling estate formerly owned by actors Danny DeVito and Rhea Perlman hit the market for $85 million this week. The now-split celebrity couple sold the pad to lawyer Stuart Liner and his wife, Stephanie, […]

Swift Real Estate Partners snags $150M financing for El Segundo office buy

Swift Real Estate Partners snags $150M financing for El Segundo office buy CalPERS and GI Partners sold the property this week Swift Real Estate Partners’ Christopher Peatross and 2200-2230 Imperial Highway Swift Real Estate Partners landed a $150 million loan from ACORE Capital to fund its acquisition of a three-building office complex in El Segundo. […]

Income from Donald Trump’s LA golf course fell $7M last year

Income from Donald Trump’s LA golf course fell $7M last year The president’s lone LA venture brought in $20 million Trump National Golf Club Los Angeles, with Donald Trump (via Wikimedia Commons) President Donald Trump’s lone Los Angeles County property brought in $20 million in income last year, according to his annual financial disclosure released […]

Paul Manafort’s former son-in-law and real estate partner agrees to cooperate in Russia probe

Paul Manafort’s former son-in-law and real estate partner agrees to cooperate in Russia probe As part of the plea deal, Jeffrey Yohai pled guilty to two counts May 17, 2018 05:00PM Manafort and the 779 Stradella Road (Credit: Getty Images) Jeffrey Yohai, Paul Manafort’s former son-in-law and real estate partner, cut a plea deal with the […]

MRK Partners scoops up 150-unit Claremont complex

MRK Partners scoops up 150-unit Claremont complex The affordable developer paid $54M for the property The Claremont Village apartment complex in Claremont An affordable housing developer purchased a 150-unit apartment complex in Claremont for $53.5 million, according to property records. Century City-based MRK Partners paid roughly $357,000 per unit for the nearly nine-acre Claremont Village […]

Hot South Bay industrial market driving demand and higher prices for older properties

Hot South Bay industrial market driving demand and higher prices for older properties A strong economy has investors scrambling to scoop up warehouses, whatever the vintage or condition The ports of Los Angeles and Long Beach from Palos Verdes (Credit: Wikimedia Commons) Competition for industrial space in the South Bay is fierce and it’s driving […]

A Sycamore grows in Santa Monica — actually 2 — killing any development plans

A Sycamore grows in Santa Monica — actually 2 — killing any development plans A community effort to save the trees led to a landmark designation May 16, 2018 04:00PM The sycamore trees at 1122 California Avenue are there to stay The treehuggers of Santa Monica have won, although they’ll have to ask permission to embrace the […]