Pacific Equity Partners has scored a $135 million loan to refinance Cross Creek Ranch, a large Malibu retail and office development slated to open this year. Torchlight Investors provided the five-year loan,... Read more »
Charles Cohen, the billionaire developer behind New York-based Cohen Brothers Realty, is struggling with dipping profits at the Pacific Design Center in West Hollywood. A $245 million commercial mortgage-backed securities loan tied... Read more »
Chinatown-based lender Cathay Bank has foreclosed on a Pacific Palisades mansion that was once on the market for $26 million, The Real Deal has learned. The property, located at 880 Vista Pacifica... Read more »
The first luxury house sale of 2024 came from Pacific Palisades, rather than the typical locales in Malibu, Beverly Hills or Brentwood. The mansion located at 211 Alma Real Drive traded for... Read more »
UCLA is poised to buy the former Westside Pavilion mall, pulling the rug from Google’s plan to turn the 580,000-square-foot building into a West Los Angeles office campus. The Westwood-based university has... Read more »
UCLA is acquiring the former Westside Pavilion in Los Angeles for an undisclosed sum from Hudson Pacific Properties and Macerich, Urbanize LA reported Wednesday. The purchase will include the eastern half of... Read more »
California-based retail lender American Pacific Mortgage (APM) has named vice chairman Bill Lowman as its chairman of the board, succeeding APM founder Kurt Reisig. Lowman will continue his daily work as an... Read more »