LA County’s top 5 multifamily investment sales in June

LA County’s top 5 multifamily investment sales in June A Pasadena apartment building topped the list Mack Real Estate Development CEO Paul Keller, and Andalucia apartments The five biggest multifamily investment sales in Los Angeles County in June combined for $118 million, a stark decrease from last month’s $598 million total. The $66 million sale […]

Redcar Properties doubles its profits with $33M sale of Chinatown site

Redcar Properties doubles its profits with $33M sale of Chinatown site The buyer is Compagnie de Phalsbourg, a Paris-based developer Compagnie de Phalsburg CEO Phillippe Journo with rendering of project (Credit: Studio Gang) The French are staking a claim in Chinatown. Compagnie de Phalsburg, a Paris-based developer, paid $33 million to acquire a one-acre property […]

Developers have filed for 1K+ affordable housing units under city program: report

Developers have filed for 1K+ affordable housing units under city program: report The units are spread across 112 projects in the city, and are the result of an approved voter ballot initiative (Credit: David Guo via Flickr) The city’s Transit-Oriented Communities program went into effect nearly 10 months ago, and in that time, it has […]

Vista Investment Group acquires ground lease at Media Park Santa Monica

Vista Investment Group acquires ground lease at Media Park Santa Monica The 101,000-square-foot office campus is 100 percent leased to media and tech tenants Vista Investment Group execs Philip and Jonathan Barach and the property Vista Investment Group, a Santa Monica-based firm, acquired a leasehold interest on a fully leased office campus in Santa Monica […]

Here’s the deal with “opportunity zones,” a little-known, little-regulated program from the tax overhaul

Here’s the deal with “opportunity zones,” a little-known, little-regulated program from the tax overhaul Developers and investors are racing city officials and nonprofits to define the rules of the new program July 15, 2018 03:24PM From left: Eric Garcetti, Donald Trump signing the Tax Cuts and Jobs Act of 2017 in December, Keith Rubenstein. (Credit: […]

This week in celeb real estate: Microsoft co-founder lists undeveloped land for $150M, former home of Elizabeth Taylor hits market… and more

Elizabeth Taylor and the home, Paul Allen, the billionaire co-founder of Microsoft (Credit: Pexels, Pixabay) Paul Allen, the billionaire co-founder of Microsoft, wants $150 million for a 120-acre site in Beverly Hills. That’s seven-and-a-half times the amount the billionaire paid for the land back in the 1990s. Nicknamed “The Enchanted Hill,” the property is comprised […]

LA’s top agents react to Yolanda unmasking, and what it means for Compass

From left: Joyce Rey, Beth Styne, Rayni Williams, Jeff Hyland, Mark McLaughlin, Aaron Kirman and Marc Shevin For nearly two years it was the biggest mystery roiling the Los Angeles real estate community. With its cheeky language and quirky prose, the seemingly female voice behind Yolanda’s Little Black Book revealed many unseen details about some […]

NKF broker accused of sexual harassment by fired administrative assistant

NKF broker accused of sexual harassment by fired administrative assistant She filed lawsuit against brokerage and Merrill Roth Merrill Roth A former administrative assistant at Newmark Knight Frank says she was fired after complaining to the brokerage’s human resources department that vice chairman Merrill Roth repeatedly made sexually suggestive comments in the office, marking what […]