Caruso is suing an old the Commons at Calabasas tenant.\u00a0<\/p>\n
Rick Caruso\u2019s outfit claims the tenant, which appears to be Fresh Brothers, a pizza place, didn\u2019t pay its rent and owes $38,000. The shop\u2019s lease expired, and it moved out \u2014 but Caruso still wants his money, plus interest, attorney fees, cost of suit and more, per the July complaint.\u00a0<\/p>\n
Neither representatives for Caruso nor Fresh Brothers immediately responded to a request for comment.<\/p>\n
Los Angeles landlords are not playing around lately \u2026 they\u2019re clawing<\/a> for their rent money, but their tenants aren\u2019t coughing it up. Another case in point:<\/p>\n Michael Hackman\u2019s Hackman Capital Partners sued Erewhon, its luxe grocer tenant at Culver Steps. THe developer claims it is owed more than $275,000 in rent. Erewhon previously disputed the claims, said it paid what it owed under protest and asked the court to appoint a certified public accountant to handle the situation.<\/p>\n The latest: Erewhon countersued, denying each and every allegation. Its defense is dense, but basically Erewhon claims common area maintenance costs (considered additional rent) were calculated incorrectly; Hackman went rogue taking the matter to court instead of a CPA, which is what Erewhon wants; and there are issues with parking and valet, which are hurting Erewhon\u2019s business.\u00a0<\/p>\n The grocer known for $20 smoothies and celeb shoppers accuses Hackman of misleading and omitting details on parking, valet and CAM costs prior to inking a deal.\u00a0<\/p>\n Erewhon mentioned Hackman\u2019s distress, too \u2014 perhaps a low blow. In any case, the chain said because of the defaults, potential foreclosures and lender takeovers, any money that comes out of Hackman\u2019s lawsuit may just fall in the hands of lenders.\u00a0<\/p>\n Hackman and Erewhon representatives did not immediately respond to a request for comment.<\/p>\n California\u2019s corporate exodus, Los Angeles\u2019 production exodus\u00a0<\/p>\n It was recently reported<\/a> that Paramount is considering leaving California because the Golden State was said to be preparing a lawsuit to derail the planned $111 billion takeover of Warner Bros.\u00a0<\/p>\n California Attorney General Rob Bonta led a coalition of fellow top legal officers from 12 states in filing a lawsuit to block the merger.\u00a0<\/p>\n It is way too early to sound the alarm, but losing the Ellisons would not be great for California. (David Ellison\u2019s dad, Larry Ellison, moved Oracle out of California. His was one of many tech companies to dip out. In the world of real estate, CBRE, Public Storage and more have left).\u00a0<\/p>\n But if Paramount left California, it would be more than a headquarters move, it\u2019d be another hit to Hollywood. Can studio owners take another big loss in Tinseltown?\u00a0<\/p>\n On a related \u2014 sort of \u2014 note. J.J Abrams\u2019 production company, Bad Robot, left California altogether, decamping to New York after it sold the Santa Monica creative offices it called home. Abrams and his wife Katie McGrath, who are co-CEOs of Bad Robot, which helped make \u201cLost,\u201d donated to Xavier Becerra. The two each donated $39,200 to Becerra\u2019s California governor campaign. Bad Robot did not immediately respond to a request.\u00a0<\/p>\n Betting on Becerra<\/p>\n Speaking of Becerra and his backers \u2026 Rick Caruso, Jeff Worthe and Kilroy each donated<\/a> $39,200 to his campaign. Caruso was a Matt Mahan man, and doled out more than a million dollars on his run, though Mahan didn\u2019t make it past the June primary. Kilroy CEO Angela Aman was part of the Los Angeles real estate crew for Mahan, and she gave $10,000 pre-primary, so she\u2019s upped the ante. Worthe of Worthe Real Estate Group backed Eric Swalwell before his campaign (and political career, potentially) ended in a scandal of alleged sexual misconduct.<\/p>\n Studio slashed<\/p>\n Speaking of studio slumps \u2026 The owner of Occidental Studios\u2019 Main Lot lowered its price tag. The studio lot, where \u201cNew Girl\u201d scenes were filmed, came on the market<\/a> last summer with a $45 million ask. Now Occidental Entertainment Group Holdings is shopping the production campus for $25 million.\u00a0<\/p>\n Chair and CEO Craig Darian told<\/a> TRD: \u201cMarket forces, diminished production and the hyper-speed trajectory of technology are affecting the value of sound stages \u2014 especially in Los Angeles \u2026 That said, we\u2019re a privately-held company with no urgency to sell, but for a successor operator that values this legacy asset, we\u2019ll evaluate a sale and the terms thereof.\u201d<\/p>\n Slatkins vs special servicer<\/p>\n A $280 million loan on the Slatkin brothers\u2019 Casa del Mar and Shutters on the Beach was sent to special servicing, and the hotelier brothers, Edward and Thomas Slatkin, aren\u2019t having it. \u201cThe current matter involves a disagreement regarding one of the loan\u2019s extension provisions. We believe the special servicer has taken an unnecessarily aggressive position, despite the hotels\u2019 strong financial performance and compliance with their obligations under the loan,\u201d Thomas said<\/a> in a statement to TRD.<\/p>\n","protected":false},"excerpt":{"rendered":"Caruso is suing an old the Commons at Calabasas tenant.\u00a0 Rick Caruso\u2019s outfit claims the tenant, which appears…\n","protected":false},"author":2,"featured_media":404481,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[48,52,51,47,100605,50,49],"class_list":["post-404480","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\/404480","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=404480"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/404480\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media\/404481"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media?parent=404480"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/categories?post=404480"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/tags?post=404480"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}