Industry News
Alghanim’s 42,000 SQFT Crown Bel Air Portfolio Draws $54.4MM Auction Bid, Tops LA County Luxury Contracts
A nine-parcel Bel Air and Hollywood Hills assemblage that Kuwaiti billionaire Bassam Alghanim spent more than four decades building has landed under contract...
GR Properties USA Lands $62MM Dwight Bridge Loan to Recapitalize 139-Unit Lana Apartments in Culver City
GR Properties USA, the U.S. arm of Hong Kong developer Guo Rui Group, has secured a $62 million bridge loan from Dwight Investment...
Lake Elsinore Planning Commission Advances 1,000,000 SQFT Baker Street Warehouse Project
Riverside Legacy IV Nichols Road, LLC won a pivotal endorsement from Lake Elsinore's Planning Commission for two warehouses spanning more than 1 million...
Lowe and JC Resorts Land Barings Financing for 582-Key Terranea Resort in Rancho Palos Verdes
The joint venture behind Terranea Resort has secured fresh capital on one of California's most coveted hotel assets, tapping Barings for a five-year...
Fortress Seizes 182,000 SQFT Former Sony Animation Campus in Culver City With $71MM Credit Bid as City Weighs a Deal
Fortress Investment Group, which quietly bought the campus's Goldman Sachs–originated note three years ago, has taken ownership of the long-vacant 9050 Washington Boulevard...
Ian Schrager’s 137-Key PUBLIC Hotel West Hollywood Lands $116.5MM Refi on the Sunset Strip
A Cushman & Wakefield team has arranged $116.5 million in bridge financing for hoteliers Ian Schrager and Ed Scheetz, retiring the 2024 acquisition...
Irvine Company Revises Oak Creek Golf Club Plan to 2,400 Homes, Pivoting to Lower-Priced Ownership in Irvine
The Irvine Company has reworked its proposal to redevelop the 280-acre Oak Creek Golf Club into a residential village, trimming the total home...
LA Commits $150K to Study Hotel Incentives at Oceanwide Plaza as KPC, Lendlease Plan $800MM Revival
The Los Angeles City Council authorized a $150,000 consultant study to weigh public incentives for the long-stalled Oceanwide Plaza, where new owners KPC...
McNellis: Economists vs. Flipping Coins
Economist: {noun}: someone good with numbers but without enough personality to be an accountant.
HVN Development Files Plans for 81-Unit, Car-Free Affordable Project at 5922 North Lemp Avenue in North Hollywood
HVN Development, the North Hollywood homebuilder led by former Thomas James Homes chief executive Tommy Beadel, has filed plans for an 81-unit, fully...
Sanchotena Express Leases 57,000 SQFT at Otay Mesa’s 1490 Air Wing Road
Logistics firm Sanchotena Express has leased 56,684 square feet at 1490 Air Wing Road in Otay Mesa, tapping San Diego's cross-border trade corridor...
NuShoe Leases 63,000 SQFT at Otay Mesa Industrial Building
Footwear reconditioning company NuShoe has leased 63,225 square feet at 7603 St Andrews Avenue in Otay Mesa from Beard Land Improvement Company, adding...
