Abigail Nehring

6 days ago | therealdeal.com | Abigail Nehring

All’s well that ends well in Hollywood. Kim Kardashian’s voguish shapewear startup Skims is mending the seams with its new Hollywood landlord, Kingsbarn Realty Capital, after the private equity firm brought a zombie deal back to life. Kingsbarn finally rested its case against former lender, KeyBank, and co-sellers Oscar Englebert and developer J.H. Snyder to buy 1601 North Vine Street for $105 million, or $905 per square foot.

6 days ago | therealdeal.com | Jess Hardin |Abigail Nehring

A 36-acre listing in Bastrop offers a chance to get in on the development boom in the town that’s home to Elon Musk’s business empire and the future site of a movie studio. Keller Williams has the listing at 1218 Lovers Lane that overlooks the Colorado River, according to Redfin. The asking price is $25.5 million or $708,000 per acre. The land is zoned for single-family residential development.

1 week ago | therealdeal.com | Abigail Nehring

Robert Herscu’s HQ Development handed off the former West Hollywood Planned Parenthood building to a mysterious new owner after just two years, The Real Deal has learned. Triangle Ventures, a shell company tied to Margaret “Megan” Elizabeth Ellison, a Hollywood producer and daughter of billionaire Larry Ellison, paid $31 million for the 32,412-square-foot four-story office building at 825 North San Vicente Boulevard, according to Los Angeles County property records.

1 week ago | therealdeal.com | Jess Hardin |Abigail Nehring

S2 Capital took advantage of a criticized loophole known as a traveling housing financing corporation to get tax breaks on a Dallas asset it’s owned since 2022. Deed records show S2 partnered with Pecos Housing Finance Corporation — an affordable housing organization in Pecos, a 13,000-person town more than 400 miles away from Dallas — to do a sale-leaseback of the Kendrick Apartments, at 7324 Skillman Street, effective this month. S2 bought the property in 2022.

3 weeks ago | therealdeal.com | Abigail Nehring

The academic reckoning has begun for Measure ULA. It turns out, the pace of investment sales in Los Angeles slowed by roughly half when the city’s so-called “Mansion Tax” went into effect in 2023, according to an analysis published this week of some 338,000 transactions across the county over the past five years by University of California, Los Angeles researchers Michael Manville and Mott Smith.