Mohamed Hadid and 2451 Summitridge Drive in Beverly Hills (Google Maps, Getty) DevelopmentLos AngelesMay 1, 2024Mohamed Hadid files for bankruptcy on Beverly Hills lot, owing $55M to creditorsEntity that owns 2451 Summitridge claims nothing in business checking account
ResidentialLos AngelesMay 1, 2024Grandview Partners to sell LA portfolio of “suite-living” projectsDesign focuses “on housing members of communities that share a common vision”
ResidentialLos AngelesMay 1, 2024FMB’s Ilan Kenig loses home to foreclosure, racks up $500K in credit card debtDeveloper claims losses came from fraud orchestrated by ex-con Rabbi Pinto
CommercialLos AngelesMay 1, 2024Macerich posts $127M quarterly loss, looks to sell or exit propertiesREIT defaults on $300M loan for Santa Monica Place mall, may extend The Oaks debt