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Trump scraps FHA fee reduction for poor homebuyers
Ben Carson and Donald Trump (Credit: Getty Images) From the New York website: Shortly after being sworn into office, Donald Trump’s administration overturned the Obama administration’s decision to...
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Rockwood Capital closes $1.1B real estate fund
Rockwood Capital Century City headquarters, Tyson Skillings (Equity Office/Rockwood Capital) Century City-based real estate investment firm Rockwood Capital closed its “Real Estate Partners Fund X,”...
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LA’s multifamily market sees record year for sales, uptick in vacancy
Los Angeles County (credit: Transwestern) Thanks to a “scorching-hot” fourth quarter, 2016 was a record-setting year for multifamily sales in Los Angeles County, despite mid-year prognostications that...
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Homeless housing initiative garners $1M in donations
Frank McCourt A campaign to introduce a quarter-cent sales tax for L.A.’s homeless services has raised more than $1 million, much of it from real estate interests. Two companies linked to former L.A....
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In Hollywood, a multifamily boom is born
A rendering of Millennium Hollywood, a 492-unit condominium under construction at 1720 North Vine Street. Inset: AvalonBay Chairman and CEO Timothy Naughton. From the January Issue: Developers have big...
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Home of late “Twilight Zone” actress hits market for $10.5M
Patricia Barry in an episode of “The Twilight Zone” and her longtime home on North Bristol Avenue (Credit: Gussman Czako Estates, CBS) She came a long way from Salem. The longtime home of actress...
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Lawyers to sue Trump over payments from foreign gov’ts
From left: Trump Tower, Donald Trump and Trump International Hotel (Credit: Gage Skidmore/Flickr and Trump Hotels) From the New York website: A group of constitutional and ethics lawyers are planning...
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Developer Fred Leeds wants to redevelop Marlton Square
Fred Leeds (Credit: Getty) South Los Angeles may soon see more major changes in its commercial landscape. Developer Fred Leeds wants to acquire and redevelop the city-owned Marlton Square, a 22-acre...
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Criteria Corp. inks expansion lease at Pacific Design Center in WeHo
The Red building of the Pacific Design Center and Marc Horowitz of Cohen Brothers Realty Charles Cohen is 8,000 square feet closer to his goal of fully leasing the Red Building at his 14-acre Pacific...
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Trump promised to resign from his companies — but there’s no record he’s done so
Donald Trump (Credit: Getty Images) From the New York website: At a news conference last week, now-President Donald Trump said he and his daughter, Ivanka, had signed paperwork relinquishing control of...
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Compass poaches Sotheby’s Rob Giem for OC expansion
Rob Giem, Compass office at 520 Newport Center Drive (Getty/Irvine Co.) Compass, which has been expanding rapidly in Los Angeles, is now making a play for Orange County. The New York-based real estate...
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Eric Trump replaces Donald Trump as president of hotel business: Florida records
Ivanka Trump, Donald Trump and Eric Trump during the grand opening of Trump International Hotel in D.C. in October (Credit: Getty Images) From the South Florida website: President Donald Trump has been...
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Umami Burger founder seeks profit on Mid-City pad
Adam Fleischman lists Longwood Avenue home (MLS/Getty) Adam Fleischman, restaurateur and founder of gourmet burger chain Umami Burger, is selling his Mid-City home — which touts its own creek. The...
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Home of prolific producer sells after 2 years on the market
Medavoy and his home at 9540 Oak Pass Road (Credit: Hilton & Hyland, Getty) A hefty price cut appears to have done the trick for Hollywood exec Mike Medavoy’s Beverly Hills abode. After lingering...
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Beny Alagem’s Beverly Hilton condo play was “blatant attempt to buy an...
Beverly Hills Mayor John Mirisch in his offi ce From the January issue: The Mayor of Beverly Hills is a local boy with deep roots in the community. John Mirisch grew up in town and attended Hawthorne...
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Compton developer files plans for 46-unit apartment project in MacArthur Park
Rendering of 2549 San Marino Street (Credit: Redfin) A Compton sports store owner wants to bring a 46-unit apartment complex to a site between Koreatown and MacArthur Park, according to recent city...
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Ben Carson confirmed as HUD secretary
Ben Carson (Credit: Getty Images) From the New York website: It’s official: Retired neurosurgeon and one-time presidential candidate Ben Carson is the new head of the U.S. Department of Housing and...
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Jeeb O’Reilly jumps from Compass to Douglas Elliman
Jeeb O’Reilly Veteran real estate agent Jeeb O’Reilly is the latest big name broker to depart venture capital-backed brokerage Compass, The Real Deal has learned. O’Reilly, who was one of the company’s...
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Ktown restaurateur plans 16-story hotel and condo development
Site at 3800 West 6th Street (Bibimbap and steamed dumplings c/o Myung Dong Kyoja) The Line may soon have some competition. A local restaurateur filed plans Monday for a 16-story hotel and condo tower...
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Council approves Caruso’s 333 La Cienega project
Councilmember Paul Koretz and a rendering of the project at 333 La Cienega Boulevard (Credit: Getty, Caruso Affiliated) The Los Angeles City Council voted to approve developer Rick Caruso’s 145-unit...
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