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 »
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 »
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 »
Panku, a real estate development firm run by Alex Wang, has refinanced an apartment complex in Irvine — the first project the company completed. Western & Southern Life Assurance provided a five-year,... Read more »
China Evergrande, once the titan of China’s real estate industry, has come crashing down, its meteoric rise followed by a dramatic and complex collapse. This event has sent shockwaves through the Chinese... Read more »
In a flip of the trend, a Florida man has bought a California house. South Florida spec developer Todd Glaser bought a waterfront Newport Beach house for $9 million, he confirmed to... Read more »
Neil Shekhter once held some of the most coveted land in the U.S. He had apartments in Santa Monica and Beverly Grove, where one-bedroom units now average nearly $4,000 a month. And... Read more »
José Huizar, who represented Los Angeles’ 14th District in the City Council for over 19 years, has been sentenced to 13 years in prison for accepting bribes from real estate developers. It’s... Read more »
California Commercial Investment Group and other investors have paid $30 million for 19 acres in Woodland Hills with plans to build a luxury retirement village. An affiliate of the Westlake Village-based developer... Read more »
For one developer, a lifetime of friendship did not preclude a legal mess. Stuart Rubin has filed a countersuit against a group of business partners and lenders, including people he described as... Read more »