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New Task Force to Investigate Potential Fraud in Addressing LA-Area Homelessness

New Task Force to Investigate Potential Fraud in Addressing LA-Area Homelessness

by Phil Hall | Apr 9, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

US Attorney Bill Essayli has launched the Homelessness Fraud and Corruption Task Force to investigate fraud, waste, abuse, and corruption involving funds allocated for addressing homelessness in the seven counties within the jurisdiction of the Central District of...
Los Angeles Developer Creates Scholarship for Aspiring Real Estate Professionals

Los Angeles Developer Creates Scholarship for Aspiring Real Estate Professionals

by Phil Hall | Apr 9, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

Real estate developer Arman Gabaee, co-managing partner at the Charles Company, has established the Arman Gabaee Scholarship for Real Estate. The new $1,000 award is open to all undergraduate students currently enrolled in accredited colleges or universities, and...
The BW, Los Angeles Apartment Complex, Sells for $58.1 Million

The BW, Los Angeles Apartment Complex, Sells for $58.1 Million

by Phil Hall | Apr 7, 2025 | News/Current Events, Real Estate Investing, Real Estate News, U.S. Housing Market, WRE News Exclusive

The BW, a 78-unit apartment asset with 2,300 square feet of ground floor retail in the Brentwood neighborhood of Los Angeles, has been sold for $58.1 million, or $744,872 per unit. The property was completed and offers a mix of studios, one-, two- and three-bedroom...
Kingsbarn Realty Capital Buys Hollywood Office Building for $105 Million

Kingsbarn Realty Capital Buys Hollywood Office Building for $105 Million

by Phil Hall | Apr 4, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Kingsbarn Realty Capital has paid $105 million to acquire the Class A office building 1601 Vine Street in the Hollywood submarket of Los Angeles. The 115,000-square-foot property – which has five levels of underground parking – was developed by JH Synder Company in...
Real Estate Agent Starts Effort to Recall LA Mayor Bass

Real Estate Agent Starts Effort to Recall LA Mayor Bass

by Phil Hall | Mar 4, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

A Los Angeles real estate agent is leading a recall effort to force Los Angeles Mayor Karen Bass out of office. The Real Deal reports Sahil Nandwani, an agent for JohnHart Real Estate, has launched a fundraising committee to fund the recall campaign, citing...
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