CIO Matt Evans, COO Alan Kraft and Todd Platt, CEO of Hillwood with Dedeaux Sycamore Canyon Distribution Park Dedeaux Properties has massively expanded its industrial footprint in Southern California after purchasing a portfolio with more than 1 million square feet of space. The newly constructed warehouse and distribution center is on 52 acres at 6275 […]
CIM Group sells Hollywood & Highland mega-complex for $325M: sources
Hollywood & Highland, Gaw Capital Chairman Goodwin Gaw and DJM founder John Miller The U.S. arm of China-based Gaw Capital Partners and DJM Capital paid $325 million to buy the sprawling Hollywood & Highland Center, according to sources familiar with the deal. The Gaw Capital USA and DJM acquisition for the massive mall and entertainment […]
Latino-focused ad agency Orci shifts HQ to West LA
ORCI CEO Andrew Orci and 3415 S. Sepulveda Boulevard (Credit: The Swig Company) An advertising agency focused on Latino consumers that has worked with Coca-Cola, Jack in the Box, Honda, among others, has moved out of its Santa Monica headquarters. found a new home in Palms. La Agencia de Orci & Asociados, known as Orci, […]
Will there be growth in the cannabis-themed open house? An “SNL” alum finally sells his Pacific Palisades home: Daily digest
Every day, The Real Deal rounds up Los Angeles’ biggest real estate news. We update this page at 9 a.m., 12:30 p.m., and 4 p.m. PT. Please send any tips or deals to tips@therealdeal.com This page was last updated at 9 a.m. PT The Sherman Oaks home on Greenleaf Avenue (Credit: Rodeo Realty) A […]
Amid Sears bankruptcy, Seritage posts $26M net loss in Q2
Seritage CEO Benjamin Schall and a shuttered Sears location (Credit: iStock) As Sears works its way through bankruptcy proceedings, Seritage Growth Properties posted a nearly $26 million net loss in the second quarter, according to its earnings report. That’s compared to a $10.6 million loss in the second quarter of 2018. For the first half […]
LA’s latest “co”-craze: Here’s a look at the city’s expanding co-living companies
By now, everyone knows about co-working, but what about co-living? In Los Angeles’ pricey and shrinking housing market, finding an affordable place to live is tougher than ever. Enter co-living companies, whose operators say is an answer to the unaffordability problem plaguing the region. Though widespread throughout the country, the firms have for the […]