LA Real Estate Power Plays and Political Moves

Daniel Negari drops $43.5M on West Hollywood’s The Chamberlain hotel, calling it his first “Michelin key” real estate play. Meanwhile, George Marcus donates $78,400 to back Matt Mahan’s gubernatorial run — despite shaky polls — while Rick Caruso, still in Mahan’s corner, admits hesitance to run as a billionaire, fearing “eat the rich” backlash and even calling out Eric Swalwell as corrupt. Elsewhere, Hackman Capital Partners sues Erewhon for $275K in unpaid rent, as they push to sell their Culver Steps property — fully leased and valued at $150M — amid a volatile commercial real estate landscape where big bets and legal battles collide. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/753960cff23fa39c