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BRE Investment hit with tenant harassment allegations: report
The building in the Westlake area (Redfin) and BRE’s David Bramante (BRE) The tenants of an eight-unit apartment building at 240 N Robinson Street in Historic Filipinotown are suing its owner, an...
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The Real Deal LA’s next print issue is almost here!
TRD LA’s January issue We are pleased to announce that our next print magazine is almost here! The April issue will feature a major developer profile, rankings, market trend analysis and a healthy dose...
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Current reader favorites: 1. Billionaire Stan Druckenmiller shells out $36M for Malibu pad 2. Steve Witkoff makes resi play at Fred Segal site in Santa Monica 3. Median rent is higher in DTLA than Bel...
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Deutsche Bank could fund billions in low-income mortgages under settlement
Deutsche Bank’s John Cryan From the New York website: Deutsche Bank may fund billions in new home loans to low-income borrowers as part of a settlement with the United States Justice Department. In...
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Movers & Shakers: Bellwether hires 22 for SoCal expansion, CityView taps new...
George Ochs and Doug Wolfley Bellwether Enterprise, the commercial mortgage banking firm, hired 22 new employees to expand its footprint in California. Bellwether, a subsidiary of Enterprise Community...
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Apartment Hunters found liable in CoStar copyright infringement dispute
Apartmenthunterz.com and CoStar CEO Andrew Florance Commercial real estate data company CoStar Group has scored a significant victory in its ongoing crusade against alleged data theft. A federal judge...
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You can now short private real estate markets
From the New York website: In a year of uncertainty, professional pessimists finally have a tool to short the private real estate market. Financial services firm Global Index Group on Wednesday...
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PLUM committee axes appeals over DTLA high-rise project
Rendering of Alexan South Broadway (Downtown Los Angeles Neighborhood Council) Members of the Eastern Columbia Homeowners Association and the Society for the Preservation of Downtown Los Angeles...
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Netting the highest-flying agents
The firms of Douglas Elliman’s Howard Lorber (left), The Agency’s Mauricio Umansky (middle) and Compass’ Robert Reffkin (right) have all poached top producers from other brokerages. (Illustration by...
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Kids TV veteran Andy Heyward lists Bel Air estate for $10.5M
Stradella Road home (MLS) Andy Heyward, CEO of entertainment company Genius Brands International, is ready to leave his Bel Air home behind. The co-creator of the popular children’s show “Inspector...
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West Hollywood mayor seeks moratorium on hotel construction
Rendering of the Arts Club West Hollywood (credit: Gensler) West Hollywood Mayor Lauren Meister is wary of the hotel boom sweeping the city. So wary, in fact, that she will bring a proposal to City...
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Current reader favorites: 1. Billionaire Stan Druckenmiller shells out $36M for Malibu pad 2. Steve Witkoff makes resi play at Fred Segal site in SaMo 3. Solar company buys Grammy building from HPP for...
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Dustin Hoffman was an investor in Paul Manafort’s son-in-law’s botched spec...
Dustin Hoffman and a rendering of the spec home Hofai wanted to build at 1550 Blue Jay Way Dustin Hoffman and his son Jacob invested $3 million in an ill-fated spec house project headed by Jeffrey...
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Blastoff? Architects envision tower strapped to asteroid, parachuting tenants
Rendering of Analema Tower (via Cloud Architecture Office) From the New York website: The pitch to lenders could go something like this: The world’s tallest building will be strapped to a mobile space...
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Today in microfilings: Condos planned for Ktown, Fairfax …& more
314 S. Harvard Boulevard and 831 N. Martel Avenue Remember, size isn’t everything. In TRD’s regular look at microfilings, we explore some of the smaller L.A. projects in the works. Logs Apartments, an...
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Buyers of Tom Gores’ Beverly Park mansion seek a quick flip
Tom Gores and the Beverly Park property Tom Gores’s former Beverly Park pad is back on the market, just five months after the Detroit Pistons owner sold it for a record-breaking $40 million, The Real...
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Oceanwide taps Mark Company to sell DTLA condos
Rendering of Oceanwide Plaza at 1101 S. Flower Street and Mark Company president Alan Mark The Mark Company has been tapped to list and sell the entirety of the 504-unit Oceanwide Plaza condo complex,...
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Santa Monica approves comprehensive earthquake retrofitting plan
Santa Monica apartment building after 1994 Northridge earthquake (Getty Images) Commercial and multifamily building owners in Santa Monica will soon be among the nation’s most earthquake-ready...
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Pending US homes sales reach 10-month high
Single family homes in the U.S. (Credit: Rachel Elaine via Flickr) From the New York website: The number of pending U.S. home sales reached a 10-month high in February, according to the National...
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Tom Barrack is “frontman” for Qatari royals in Bel Air mega-mansion project:...
From left: Tom Barrack and former Qatari Prime Minister Hamad bin Jassim bin Jaber Al Thani (Credit: Getty) Construction is underway on a 77,000-square-foot Bel Air mansion attached to billionaire...
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