Del Ray Realty Secures 85% LTV for Beverly Hills MOB Acquisition

Del Ray Realty Secures 85% LTV for Beverly Hills MOB Acquisition

Notwithstanding a volatile commercial lending market, particularly relating to office buildings, Del Ray Realty founder Ray Rowshankhah secured a favorable loan structure at 85% LTV for the acquisition of 501 S. Beverly, a three-story... Read more »
Uzbek Perfume Magnate Sells Beverly Hills Mansion for M

Uzbek Perfume Magnate Sells Beverly Hills Mansion for $36M

Lola Karimova-Tillyaeva and her husband, Timur Tillyaev, have sold a 48,000-square-foot mansion across from the Beverly Hills Hotel for $36 million. An affiliate of the daughter of former Uzbekistan President Islam Karimov... Read more »
Beverly Hills Estates Claims “Illegal” Escrow Hold on Pay

Beverly Hills Estates Claims “Illegal” Escrow Hold on Pay

Matthew Stafford, the quarterback for the Los Angeles Rams, may have closed on his new Hidden Hills mansion in December — but the brokers on the deal are now locked in a... Read more »
LVMH Eyes Louis Vuitton Mega-Flagship in Beverly Hills

LVMH Eyes Louis Vuitton Mega-Flagship in Beverly Hills

LVMH has pivoted from proposing a luxe hotel on Rodeo Drive to favoring a “think huge” flagship for Louis Vuitton shoppers. The Paris-based luxury goods conglomerate has pitched a Louis Vuitton flagship... Read more »
Del Ray Realty Secures 85% LTV for Beverly Hills MOB Acquisition

Transformative One Beverly Hills MXU Breaks Ground

The developers of One Beverly Hills held a ceremonial groundbreaking Thursday for the mixed-use project. With a final cost estimated between $4 billion and $5 billion, the condominium and hotel complex promises... Read more »
Plastic Surgeon Buys Beverly Hills Offices for M

Plastic Surgeon Buys Beverly Hills Offices for $21M

A social media-famous plastic surgeon has bought an office building in Beverly Hills for about $921 a square foot, one of the priciest office deals in the last year on a per... Read more »
Transformative One Beverly Hills MXU Breaks Ground

Transformative One Beverly Hills MXU Breaks Ground

The developers of One Beverly Hills held a ceremonial groundbreaking Thursday for the mixed-use project. With a final cost estimated between $4 billion and $5 billion, the condominium and hotel complex promises... Read more »
Jordan Shalom Wants to Fast-Track Hollywood Hills Project

Jordan Shalom Wants to Fast-Track Hollywood Hills Project

A firm run by Jordan Shalom wants to build an 11-story affordable apartment building in the Hollywood Hills under a fast-track order by Mayor Karen Bass. The Beverly Crest-based LLC, 3450 Floyd,... Read more »
Work begins on transformative condo and hotel development in Beverly Hills valued at nearly  billion

Work begins on transformative condo and hotel development in Beverly Hills valued at nearly $5 billion

Construction has begun on One Beverly Hills, a nearly $5-billion condominium and hotel complex that promises to transform the Beverly Hills skyline and be a commanding presence on its western edge. With... Read more »
Beverly Hills Has No Room for Affordable Homes

Beverly Hills Has No Room for Affordable Homes

Power real estate broker Josh Altman said it doesn’t make sense — or cents — to build affordable housing in Beverly Hills. The star of “Million Dollar Listing Los Angeles” told FoxBusiness... Read more »