Michael Frankel keeps selling shares of his old REIT. In early July, he proposed the sale of about 59,000 shares of Rexford, a chunk that had a market value of $2 million,... Read more »
On the last day of your hopefully fun holiday weekend, we’ve got news on Los Angeles leases, special-serviced debt and real estate tussles. Enjoy. Let’s start downtown, where Paul Hastings wants to... Read more »
Jamison is after more rent money. In an early June complaint, the landlord claimed a tenant at its Koreatown mall, Handhin Pocha, was late on the rent. The family company said the... Read more »
Is Michael Hackman a phoenix who will rise from the ashes? He seems to think so. “We have a couple deals that we just made mistakes on, and we’re going to lose... Read more »
It was a DTLA week — so, let’s take it from the top. Northwind announced it made a $132 million first-mortgage acquisition note to back 601W’s purchase of Wells Fargo Center’s North... Read more »
It’s a special edition of sorts, with a “landlords want their money” column, and “they’ll do whatever it takes to get it” theme. In the case of One California Plaza, it’s a... Read more »
Pebblebrook just announced that it sold another WeHo hotel, but left the buyer a mystery. My kneejerk reaction: Is it Daniel Negari, again? I recently profiled Negari for TRD’s monthly magazine —... Read more »
The Real Deal reported in early April that an offer connected to Sean Burton’s Cityview was becoming a backup of sorts in the Oceanwide Plaza bankruptcy sale. Fast forward to late May... Read more »
Matt Mahan isn’t the only gubernatorial hopeful with California real estate backers. Steve Hilton has some, too. Hilton’s latest real estate cash came from Dave Dollinger of Dollinger Properties, which is located... Read more »
William Witte just gave Matt Mahan more money. The Related California chairman emeritus donated another $10,000 to Mahan’s California governor campaign. Witte has doled out $20,000 on his latest choice for governor.... Read more »