{"id":319057,"date":"2026-05-16T17:40:09","date_gmt":"2026-05-16T17:40:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ca\/319057\/"},"modified":"2026-05-16T17:40:09","modified_gmt":"2026-05-16T17:40:09","slug":"a-closer-look-at-steve-hiltons-california-real-estate-money","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ca\/319057\/","title":{"rendered":"A Closer Look at Steve Hilton\u2019s California Real Estate Money"},"content":{"rendered":"

Matt Mahan isn\u2019t the only gubernatorial hopeful with California real estate backers. Steve Hilton has some, too.\u00a0<\/p>\n

Hilton\u2019s latest real estate cash came from Dave Dollinger of Dollinger Properties, which is located in Silicon Valley, but has properties throughout SoCal. Dollinger donated just over $39,000 earlier this month \u2014 the maximum one-time contribution. Dollinger Properties did not return a request for comment.<\/p>\n

Dollinger joins a crew<\/a> that counts Lyon Living chairman and chief executive Frank Suryan Jr., Steven Craig of Craig Realty Group and one of Los Angeles\u2019 most prolific multifamily developers Geoff Palmer as members. Each one has donated $39,200 to the ex-Fox News host\u2019s campaign. Stay tuned to see if they double it to the max of $78,400.\u00a0<\/p>\n

Not real estate related, but interesting nonetheless, Mahan and Hilton share a donor: Sergey Brin, the Google cofounder. Brin has dropped a lot more cash on Mahan than Hilton \u2014 and his latest donation, days ago, happened to be to Chad Bianco.<\/p>\n

Either way, Mahan has more real estate money<\/a>, but Hilton is polling higher.\u00a0<\/p>\n

Crash<\/p>\n

Creative offices aren\u2019t your typical Los Angeles office. They are kind of a studio-office-hybrid, which are two pieces of real estate that have seen better days. Redcar Properties is the latest to feel that pain. Redcar handed back the keys<\/a> to creative offices located in Santa Monica to its lender, Bank OZK. Redcar owed $50 million and lost 1650, 1630 and 1620 Euclid Street.\u00a0<\/p>\n

Redcar\u2019s Euclid properties are near 1221 Olympic Boulevard, which Teddy Schwarzman\u2019s Black Bear purchased<\/a> from J.J. Abrams\u2019 Bad Robot. That creative office deal came out to about $1,200 per square foot, which is pricey, and reveals that there are always exceptions to every trend.\u00a0<\/p>\n

Another<\/p>\n

Speaking of office, Jamison landed<\/a> a $60 million loan, which appears to be for an office-to-residential conversion. The construction financing is on 3424 Wilshire Boulevard in Los Angeles\u2019 Koreatown. Founder Dr. David Lee signed the documents. Jamison is doing a lot of conversions in Koreatown and downtown, which the mayor herself has praised<\/a> \u2014 but let\u2019s not forget the clock is ticking on some of its debt and the family company has a new chief<\/a>.<\/p>\n

Clark makes the rounds<\/p>\n

Speaking of CEO shakeups, don\u2019t miss our conversation<\/a> with Rexford\u2019s Laura Clark. The new CEO talked activist investor Elliott, the industrial REIT\u2019s 180 and being one of the only women in a corner office. On Elliott, Clark gave details on the relationship with the activist investor, and where things stand today (sort of). What you need to know:<\/p>\n

She appeared to confirm Elliott\u2019s role in her move. She said the succession plan had been in place but \u201cthose discussions impact timing.\u201d\u00a0<\/p>\n

She described the discussions between Rexford and Elliott last year as \u201cfriendly\u201d \u2014 not something typically heard in association with Elliott.<\/p>\n

She said Elliott\u2019s current ownership is unclear, and it may not be a shareholder at all any more. \u201cWe\u2019re not engaged in a regular dialogue with them,\u201d Clark said, but when asked if the REIT has talked to Elliott in 2026, the CEO said yes.<\/p>\n

Next week<\/p>\n

ICSC and Oceanwide Plaza are the things to watch. The days-long conference in Las Vegas is all about deals, relationships and fun \u2014 and Oceanwide Plaza has a confirmation hearing<\/a> that could seal its fate.<\/p>\n

\tRead more
\n\t\t\t\t\t\t\t\t<\/p>\n

\t\t\t\t\t\t\t\t\t\t\t\t\t\"Rexford\t\t\t\t\t\t\t\t\t\t\t<\/p>\n

Rexford\u2019s Laura Clark talks activist investor Elliott\u00a0<\/p>\n

\t\t\t<\/a>
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\t\t\t\t\t\t\t\t\t\t\t\t\t\"Redcar\u2019s\t\t\t\t\t\t\t\t\t\t\t<\/p>\n

Redcar hands back keys to Santa Monica creative offices to lender<\/p>\n

\t\t\t<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Matt Mahan isn\u2019t the only gubernatorial hopeful with California real estate backers. Steve Hilton has some, too.\u00a0 Hilton\u2019s…\n","protected":false},"author":2,"featured_media":319058,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[48,52,51,47,100605,50,49],"class_list":["post-319057","post","type-post","status-publish","format-standard","has-post-thumbnail","category-los-angeles","tag-la","tag-la-headlines","tag-la-news","tag-los-angeles","tag-los-angeles-commercial-real-estate-news","tag-los-angeles-headlines","tag-los-angeles-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/319057","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/comments?post=319057"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/319057\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media\/319058"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media?parent=319057"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/categories?post=319057"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/tags?post=319057"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}