Developer Buys Abandoned Resort in the Hudson Valley and Vows To Restore It to Its Glory Days

Developer Buys Abandoned Resort in the Hudson Valley and Vows To Restore It to Its Glory Days

A developer hopes to bring the old magic back to an abandoned Catskills resort that was once considered iconic. The formerly majestic Nevele Grand Hotel (also known as Nevele Country Club) in... Read more »
MDH Partners Buys Nuveen Warehouse in Chino

MDH Partners Buys Nuveen Warehouse in Chino

MDH Partners is adding an industrial property in the Inland Empire to its nationwide holdings.  The Atlanta-based firm acquired 13880 Monte Vista Avenue in Chino for $105 million, or  roughly $256 per... Read more »
Lennar Affiliate Buys Irvine Office Campus for 2 Million

Lennar Affiliate Buys Irvine Office Campus for $232 Million

A 24-acre office campus in the Irvine Business Complex is due for a residential conversion after it sold for $232.1 million, fetching more than double its last sale price in one of... Read more »
Sumitomo Forestry buys Tri Pointe, resetting the arc of homebuilder scale

Sumitomo Forestry buys Tri Pointe, resetting the arc of homebuilder scale

Within a couple of weeks of exactly this time two years ago, the lead-in to a blockbuster $4.9 billion M&A deal involving a Japan-based acquirer of a national public homebuilding enterprise practically... Read more »
DHS Buys Surprise Warehouse for ICE Detention Facility

DHS Buys Surprise Warehouse for ICE Detention Facility

The U.S. Department of Homeland Security’s real estate acquisition spree now includes a warehouse in the Phoenix area.  The department, which houses Immigration and Customs Enforcement, purchased a 418,000-square-foot warehouse at 13290... Read more »
Ex-Disney Employee Buys Azusa Luxury Apartments

Ex-Disney Employee Buys Azusa Luxury Apartments

A newly built residential and retail building in Azusa has been purchased by a private investor with ties to the “Happiest Place on Earth.”  An affiliate of Richard Battaglia, a former Walt... Read more »
Local Investor Buys Pasadena Chamber of Commerce Building

Local Investor Buys Pasadena Chamber of Commerce Building

The historic Chamber of Commerce office building in Pasadena has been purchased by a locally based investor.  Pasadena-based investor Pete Kutzer and his company Edgewood Realty Partners bought the Chamber of Commerce... Read more »
Ellen DeGeneres Buys .4 Montecito Mansion as Rumors Swirl of a Return to U.S.—1 Year After She Relocated to the U.K.

Ellen DeGeneres Buys $27.4 Montecito Mansion as Rumors Swirl of a Return to U.S.—1 Year After She Relocated to the U.K.

Comedian Ellen DeGeneres has thrown herself back into the U.S. housing market with gusto, snapping up a stunning Montecito mansion for $27.4 million in an off-market deal that closed at the end... Read more »
Trader Joe’s Buys Former Rite Aid In Santa Monica For M

Trader Joe’s Buys Former Rite Aid In Santa Monica For $22M

Trader Joe’s just made a pricey Santa Monica land play, snapping up a former Rite Aid along Wilshire Boulevard as it continues to expand in Southern California and scoop up drugstore boxes... Read more »
Ashkenazy Acquisition Buys Beverly Hills Neiman Marcus

Ashkenazy Acquisition Buys Beverly Hills Neiman Marcus

Ben Ashkenazy is adding to his Southern California holdings with a purchase in the Beverly Hills Golden Triangle.  The real estate developer’s New York-based Ashkenazy Acquisition Corporation bought the two-block Neiman Marcus... Read more »