There are warning signs that the U.S. economy is closer to a slowdown. What does that mean for real estate? (Credit: iStock) The yield curve inversion and threats of an escalating trade war recently sent markets into a tizzy last week. If those economic jolts are going to hit the real estate industry hard, it […]
This week in celeb real estate: Rob Lowe slashes price on massive Montecito estate, Emma Stone picks up 2 properties on the Westside…and more
Mike Trout and his home at Harbor Ridge, and Rob Lowe and home in Montecito. This week, actor Rob Lowe and his wife, Sheryl Berkoff, relisted their massive home in Montecito, while Oscar winner Emma Stone bought two homes in the Westside. Two sports stars also made moves. Mike Trout of the Los Angeles Angels […]
Here’s why the auction for the 157-acre Mountain of Beverly Hills got called off…for now
Victorino Noval and the Mountain of Beverly Hills (Credit: Getty Images and Redfin) On Thursday, the enormous plot of land known as The Mountain of Beverly Hills was expected to sell to the highest bidder at an auction in in Pomona. But just as the initial $1 billion listing for the 157-acre property fizzled, the […]
Ex-LA Planning chief fined big bucks for illegal lobbying, new twist in battle over GPI Companies’ planned demo of Amoeba Records: Daily digest
Every day, The Real Deal rounds up Los Angeles’ biggest real estate news. We update this page at 9 a.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 Ex-Planning Department head slapped with big fine. Michael LoGrande has been hit with […]
Benedict Canyon Equities unloads 162-unit Hacienda Heights complex
Benedict Canyon Equities co-founding principal Jim Rosten and CEO Ryan Somers with Sagewood Gardens Benedict Canyon Equities has sold a 162-unit multifamily complex in the San Gabriel Valley, turning a substantial profit on a property it acquired seven years ago Investment firm Positive Investments was the buyer. It expands its footprint in Southern California with […]
LA owns thousands of properties, many of them vacant. LA’s controller has an idea to spur development
Ron Galperin and an overview of LA (Credit: iStock) The City of Los Angeles owns more than 7,500 properties in the county, making it one of the largest real estate managers countywide. But many of those properties are vacant or underutilized, suggesting a missed opportunity in a region that is in the grips of an […]