Santa Monica Developer Pushes for Palisades to Secede from LA

Santa Monica Developer Pushes for Palisades to Secede from LA

Faced with fire damage, frozen permits and a City Hall she says can’t scale, a Pacific Palisades developer has made a radical pitch a year after the destruction: break away from Los... Read more »
Bel-Air mansion from spec developer Ardie Tavangarian lists for 7M

Bel-Air mansion from spec developer Ardie Tavangarian lists for $177M

It’s not far to the lav at the 24-bathroom mansion unveiled by Ardie Tavangarian above Bel-Air Country Club. The cost for the convenience: $177 million. The Los Angeles-based developer has listed the... Read more »
Developer Neil Shekhter’s Bel Air Crest Manse Sells for M

Developer Neil Shekhter’s Bel Air Crest Manse Sells for $15M

Westside landlord Neil Shekhte has slimmed down his apartment holdings. Now he’s making cuts on the residential side.   The Bel Air Crest mansion he and his wife Margot Shekhter built traded earlier... Read more »
Mars Wrigley Taps Developer for Candy Factory Redevelopment

Mars Wrigley Taps Developer for Candy Factory Redevelopment

Mars Wrigley has selected Chicago-based McCaffery Interests Inc. to reconstruct the candy maker’s historic factory site in the Galewood neighborhood. McCaffery Interests Inc. will work with local community groups to develop plans for... Read more »
Developer Occupies Calabasas Site in Protest to Stop Auction

Developer Occupies Calabasas Site in Protest to Stop Auction

Los Angeles County officials are said to have scheduled an auction for a 27.4-acre site atop the Calabasas hills. However, the owner of the site is refusing to budge, occupying the property... Read more »
Long Beach Seeks Aerospace Developer for Land Near Airport

Long Beach Seeks Aerospace Developer for Land Near Airport

Wanted: Builder to redevelop a 17-acre parking lot and slice of Long Beach Airport for aeronautical use. The City of Long Beach has issued a request for proposals to develop the lot... Read more »
Developer Snags Retail, Office Building at Huge Discount

Developer Snags Retail, Office Building at Huge Discount

A joint venture of Farpoint Development and MCZ Development is under contract to pay a little more than $20 million for a retail and medical office building. The move to swoop in... Read more »
Developer Allegedly Defaults on Planned Calabasas Project

Developer Allegedly Defaults on Planned Calabasas Project

Solar farm developer Clinton Brown has allegedly defaulted on a loan at a Calabasas site where he wants to build a 200-home subdivision, The Real Deal has learned.  The property, at 27250... Read more »
Developer Revealed as Buyer of M Beverly Hills Mansion

Developer Revealed as Buyer of $36M Beverly Hills Mansion

Jack Nourafshan, CEO of Los Angeles-based Reliable Properties, is the buyer that took home a $36 million mansion in Beverly Hills from the daughter of a former Uzbekistan president, The Real Deal... Read more »
Developer Ilan Kenig Sues Rabbi Pinto for “Hostile Takeover”

Developer Ilan Kenig Sues Rabbi Pinto for “Hostile Takeover”

Last year, Ilan Kenig needed a $100 million credit line. His multifamily development company, FMB Development, was bleeding cash and needed money to get multiple projects off the ground. Kenig looked to... Read more »