R.W. Selby could soon redevelop part of Hollywood’s Walk of Fame with 633 apartments, offices, shops and restaurants. An affiliate of the Brentwood-based developer led by Rick Selby was approved by the Los Angeles City Planning Commission to build the mixed-use project on two sites at 6626-6636 West Hollywood Boulevard and 1623-1645 and 1638-1644 North […] The post R.W. Selby gets nod for makeover along Hollywood Walk of Fame appeared first on The Real Deal ..read more

East End Studios has tweaked its plans for a $1 billion film studio in L.A.’s Arts District. The unit of New York-based East End Capital has filed revised plans to create a more “people-centered” studio project at 1338 East 6th Street and 1321 Wholesale Street, in Downtown, Urbanize Los Angeles reported. In June 2022, East […] The post East End Studios updates plan for $1B film studio in DTLA appeared first on The Real Deal ..read more

Dana Point voters will decide in November whether to slash the number of short-term rentals by half. A neighborhood group has collected enough signatures to put an initiative on the ballot this fall that could revise the city’s policy on short-term rentals, while limiting the number of stays, the Orange County Register reported. Residents Who […] The post Voters in Dana Point could cut short-term rental units by half appeared first on The Real Deal ..read more

The co-founder of Tinder and his brother have made a block-size retail and office play in Beverly Hills for up to $211 million. Justin Mateen, the Los Angeles-based co-founder of the dating app, and his brother Tyler have purchased the Wilshire Rodeo Plaza at 9536 and 9560 Wilshire Boulevard and 131 Rodeo Drive, according to […] The post Tinder co-founder and family make office-retail play in Beverly Hills appeared first on The Real Deal ..read more

A Pacific Palisades spec mansion was snapped up in a $32.3 million sale, marking the neighborhood’s priciest deal in more than a year. The trade of 538 Chautauqua Boulevard beats anything sold in the Palisades in 2023 and holds the record so far for 2024, Compass agent Jacqueline Chernov said. The six-bedroom, 12-bath mansion, which […] The post Pacific Palisades spec mansion trades for record $32M appeared first on The Real Deal ..read more

Florida spec developer Todd Glaser got exactly what he wanted with his latest Newport Beach purchase, ending a more than year-long wait to scoop up the house. Glaser closed on 1305 East Balboa Boulevard for $8 million, after buying a property about a block away earlier this year, both on the Balboa Peninsula.  Glaser’s resume is a long one and includes selling Al Capone’s former Miami Beach home and last year’s sale of an Indian Creek spec property in South Florida with an asking price of $69 million, to music producer and DJ David Guetta in an off-market deal. “We have the cabana on the ..read more

Top Douglas Elliman broker Tracy Tutor was among the seven women who shared accounts outlining new allegations against Tal and Oren Alexander as the brothers ace mounting claims of rape and sexual assault. Tutor, who is based out of the brokerage’s Beverly Hills office, told the New York Times she recalls sharing a drink with Oren Alexander at a cocktail party in 2014 before she “blacked out.” A fellow Elliman agent told the Times he found Tutor with Alexander in the restaurant bathroom and removed her. He later told a top Elliman executive about the incident, but never filed a formal complain ..read more

A Chinese investor has bought the troubled 777 Tower in Downtown Los Angeles for $120 million. The unidentified buyer paid cash for the 1 million-square-foot, 52-story skyscraper at 777 South Figueroa Street, in the Financial District, the Commercial Observer reported, citing unidentified sources. The deal is expected to close in two weeks. Though Brookfield Properties is still the owner, a syndicate of lenders led by Wells Fargo forced a sale after the unit of the Toronto-based investment giant defaulted on a $319 million loan tied to the property last year. The firm also defaulted on a $50 m ..read more

A limited liability company tied to movie producers Steven Markoff and Elie Samaha has listed a hilltop perch containing the landmark Yamashiro restaurant in Hollywood. Samaka, based in Santa Monica, has put the 110-year-old Japanese Revival palace replica up for sale at 1999 North Sycamore Avenue, Bloomberg reported. While its owners reportedly seek $100 million for the 7.3-acre spread, its brokers at Avison Young said the historic property “could yield offers over $100 million,” according to a news release. An official asking price was not disclosed. 1999 North Sycamore Avenue, Los Angeles ..read more

A company tied to a Korean family has bought two country clubs in south Orange County for $121.6 million. Irvine-based STI USA, linked to the unidentified family that owns a mystery multinational conglomerate based in South Korea, bought the 36-hole Coto de Caza Golf & Racquet Club and the 18-hole Aliso Viejo Country Club, the Orange County Business Journal reported, citing unidentified sources. The seller was Dallas-based Invited, formerly ClubCorp, which will manage the two courses as part of the sale. The deal works out to $2.25 million per hole. STI bought the Coto de Caza Golf & R ..read more