Alon Abady Trades Beverly Hills Mansion for M

Alon Abady Trades Beverly Hills Mansion for $24M

An LLC managed by commercial real estate investor Alon Abady of Waterfall Bridge Capital has traded the mansion at 910 North Alpine Drive in Beverly Hills for $24 million, or $2,315 per... Read more »
Crescent Heights Bets on Builder’s Remedy in Beverly Hills

Crescent Heights Bets on Builder’s Remedy in Beverly Hills

Beverly Hills, an epicenter for state builder’s remedy projects, now faces the biggest of them all: a plan by Crescent Heights to build a 20-story residential tower looking down on the affluent... Read more »
Woodland Hills Site Will Yield Luxury Senior Living Complex

Woodland Hills Site Will Yield Luxury Senior Living Complex

California Commercial Investment Group has acquired a 19-acre site adjacent to the Motion Picture & Television Fund campus in Woodland Hills for $30 million.  The company plans to develop a luxury senior living life... Read more »
Steve Wynn Lowers Price of Beverly Hills Estate to M

Steve Wynn Lowers Price of Beverly Hills Estate to $75M

Raising the stakes for Steve Wynns’s Beverly Hills estate seems out of the question at this point in the game. The casino mogul’s 11-bedroom, 16-bathroom mansion at 1210 Benedict Canyon Drive has... Read more »
Beverly Hills’ Building Halt May “Tap the Brakes” on Deals

Beverly Hills’ Building Halt May “Tap the Brakes” on Deals

Los Angeles County Superior Court Judge Curtis Kin has ordered the City of Beverly Hills to stop issuing building permits for anything but new residential developments — putting a hold on everything... Read more »
Judge Puts Moratorium on Home Upgrades in Beverly Hills

Judge Puts Moratorium on Home Upgrades in Beverly Hills

A court has determined that the penalty for Beverly Hills failing to plan for affordable housing is a moratorium on home improvement permits for such residents as Jeff Bezos, Leonardo DiCaprio and... Read more »
Charlie Puth Lists Mid-Century House in Beverly Hills

Charlie Puth Lists Mid-Century House in Beverly Hills

Charlie Puth has listed a Mid-Century Modern home with broad eves and floor-to-ceiling glass walls in Beverly Hills’ Trousdale Estates for nearly $17 million. The pop star and producer known for such... Read more »
Developer to Build Retirement Village in Woodland Hills

Developer to Build Retirement Village in Woodland Hills

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 »
FanDuel Bets on Beverly Hills With M Office Buy

FanDuel Bets on Beverly Hills With $71M Office Buy

Gambling platform FanDuel has bought a 50,200-square-foot office building in Beverly Hills for $71 million. The sports betting website, a New York unit of Ireland-based Flutter Entertainment, purchased the three-story building at... Read more »
Beverly Hills Remains Vulnerable to Builder’s Remedy

Beverly Hills Remains Vulnerable to Builder’s Remedy

The City of Beverly Hills is still vulnerable to builder’s remedy, after the state deemed its plan to build more housing over the next eight years was inadequate.  The state’s Department of... Read more »