Articles

  • 1 day ago | therealdeal.com | Abigail Nehring

    Rancho Palos Verdes has waved the white flag in its standoff with YIMBY reforms. The Rancho Palos Verdes City Council voted Tuesday to keep the zoning changes it adopted in its housing element last April rather than wade into uncharted legal territory to block a 16-unit development maligned by neighbors on a picturesque ocean bluff overlooking Catalina Island.

  • 2 days ago | therealdeal.com | Alena Botros |Abigail Nehring

    Brookfield Properties offloaded another Downtown Los Angeles office tower for less than the debt tied to the property.  Uncommon Developers bought 601 S. Figueroa Street for $210 million, or $201 per square foot, in an off-market sale, according to a spokesperson for Colliers, which represented the buyer.

  • 1 week ago | therealdeal.com | Emily Landes |Abigail Nehring

    A Pac Heights mansion that was one of 2023’s biggest sales has traded hands once again, this time for a discount over two years prior. But just how much of a discount is unclear. Last time, 2750 Vallejo Street sold in August 2023 for $23.5 million, and the transfer tax on the May 12 sale indicates a price of almost $22.5 million. But San Francisco Multiple Listing Service records show a sales price of about $20.6 million.

  • 1 week ago | therealdeal.com | Abigail Nehring

    Amid tariffs and an uncertain economic landscape, Taiwanese tech company MSI Computer Corporation is staking its claim in the Los Angeles area. The Taipei-based firm paid Blackstone’s Link Logistics $65.2 million for a 200,000-square-foot property at 18045 Rowland Street in the City of Industry, Commercial Observer reported. The warehouse was built in 1985, and has a new 4,735-square-foot office suite that was subsequently added by Link.

  • 2 weeks ago | therealdeal.com | Abigail Nehring

    Bay Area developer and evangelical zealot Kenneth Mattson stole from Peter to give to Paul, federal prosecutors claim. FBI agents arrested Mattson in a Napa parking lot Thursday morning after a federal grand jury indicted him for defrauding about 200 investors — mostly seniors — out of $46 million over 17 years, according to court documents unsealed yesterday.

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