In November, a judge ordered Mohamed Hadid to destroy a 30,000-square-foot Bel Air mansion that the developer has kind of built. The extraordinary order from Los Angeles County Superior Court Judge Craig Karlan echoed and amplified arguments by the neighbors who filed a lawsuit against Hadid over the mansion. Joe and Beatriz Horacek and Judith and John Bedrosian alleged that the hyperbolic modernist kingdom at 901 Strada Vecchia Road violated … [more]
January 2020 Issue
Brokers brace for NAR’s stricter rules on pocket listings
The National Association of Realtors’ new rules could upend the game for the highest echelon of secret listings. But will sellers actually suffer?
For traditional home sellers, the idea of a pocket listing is likely baffling: Why on earth would you try to sell your property in secret? But for celebrities, people going … [more]
The best apps for residential brokers, according to LA agents
As resi brokers traverse the city for showings, client meetings and the like, these apps help them get the job done —or disconnect entirely
Brokers in Los Angeles are constantly on the move, which means they rely on their phones for everything, perhaps even more than the average civilian. Below, agents review the apps … [more]
LA is one of the trickiest cities for institutional investors to understand. Here’s why
Why LA still isn’t top of mind for global investors
Dorothy Parker is often misquoted as calling L.A. “72 suburbs in search of a city.” The famous satirist probably didn’t say that, but whoever did had a point that stands … [more]
Meet Sacramento’s worst nightmare: Beverly Hills mayor John Mirisch
Beverly Hills Mayor John Mirisch thinks Cali has it backwards on housing policy
At first, the most recent “state of the city” address from Beverly Hills Mayor John Mirisch was another slice of genteel life in the glamorous town. Mirisch, 56, wearing a … [more]
Ranking: The top developers in Los Angeles
No more grand plans for shiny condos. Builders today are all about that pivot to stable, predictable multifamily and self-storage space
Up until a year or two ago, Los Angeles’ development pipeline was filled with glass towers and sprawling multi-use projects. There were ambitious plans for glossy luxury condos, retail and … [more]
Where to next? Inside Eastdil Secured’s major global expansion
Real estate investment bank shakes off former owner Wells Fargo and eyes global expansion
Over Kobe steaks at the Michelin-starred Beefbar in Hong Kong, Roy March and Goodwin Gaw were chatting in hushed tones. They traded notes on their Ferraris and detailed their recent … [more]
Surfers’ Alley could be San Clemente’s next hip hood, but that anti-development feeling abounds
The sleepy Orange County city has the potential for a revival — if developers can ever cut through the red tape
Hopes for a full-scale revitalization of San Clemente’s so-called Surfers’ Alley neighborhood may well rest on a former bowling alley. In early December 2019, the Historic Miramar Theatre property on … [more]
The Closing: NMS Properties’ Neil Shekhter stages his comeback
One of Santa Monica’s largest residential developers on his sensational battle with AEW, battle scars and pushing through adversity
UPDATED, 8:05 a.m., Feb. 5: Successful immigrants and developers share at least one quality: optimism, an unshakeable belief that there is a better life to be had in a new … [more]
TRDLA’s Winter Issue is LIVE to subscribers!
Hello and welcome to the Winter 2020 edition of The Real Deal LA! Below, Special Issues Editor Heidi Patalano gives you a look at what’s inside the issue: The saga … [more]