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JMB buying back Blackstone’s stake in SunAmerica: sources
Sarah Shaw of JMB (Getty), and the SunAmerica Center at 1999 Avenue of the Stars (Equity Office) JMB Realty Corp. is buying back Blackstone Group’s stake in SunAmerica Center, The Real Deal has...
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Current reader favorites: 1. Apartment Hunters found liable in CoStar copyright dispute 2. WeHo mayor seeks moratorium on hotel construction 3. You can now short private real estate markets 4. Steve...
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Alhambra residents sue to stop Lowe’s project on Fremont
Lowe’s (credit: Getty Images) Alhambra residents are suing the city to block a project on S. Fremont Avenue developed by Charles Company and GTR Property Development, the Pasadena Star-News reported....
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New York’s Somerset Group buys Woodland Hills Corporate Center for $51M
Woodland Hills Corporate Center (credit: Yardi) An entity with links to New York-based real estate firm Somerset Group purchased the Woodland Hills Corporate Center complex from an affiliate of the...
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LA Care inks deal to expand at Garland Center
The Garland Center building and Chris Rising L.A. Care Health Plan, a health insurance company, is expanding its space at the Garland Center building at 1200 W. 7th Street by 46,000 square feet, The...
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Mobile homes investor buys 56-unit Ktown complex for $20.5M
Plaza at Lafayette apartments at 401 S. Lafayette Park Place Platinum Acquisitions, an Orange County-based investment firm that specializes in mobile homes, shelled out $20.5 million, or $402 per...
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Realogy’s “recruiting machine” eyes new CEO
Corcoran Group CEO Pam Liebman and Realogy CEO Richard Smith From the New York website: There’s going to be a new captain steering Realogy’s ship, just not quite yet. The New Jersey-based parent...
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Compass parts ways with Leah Sternberg over her “management style”
Leah Sternberg Leah Sternberg, a longtime Coldwell Banker manager who jumped to Compass to lead its Pasadena office last year, has been let go from her position at the company, a Compass spokesperson...
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Here’s what LA’s $10M-$30M investment sales market looked like this week
6350 Fountain Avenue and 4111 Pacific Coast Highway In the world of mid-market Los Angeles investment sales this week, an LLC linked to luxury hotel developer Lewis Wolff bought a 1970-built senior...
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Federal judge approves Trump University settlement
Donald Trump (credit: Getty Images) and Judge Gonzalo Curiel From TRD New York: U.S. District Court Judge Gonzalo Curiel of San Diego approved Donald Trump’s $25 million Trump University settlement...
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Ichiro Suzuki sells Arts District penthouse to Alexander Garfield for $2.5M
The loft at 1850 Industrial Street and Ichiro Suzuki (Mercer Vine via Hoyt Org, Getty) Baseball legend Ichiro Suzuki has sold his penthouse in the Arts District to eSports entrepreneur Alexander...
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Turner exec Kevin Reilly drops $7.4M on Brentwood estate
Boca De Canon Ln home, Kevin Reilly (MLS/Getty Images) Entertainment industry executive Kevin Reilly nabbed a new home in the exclusive Mandeville Canyon area of Los Angeles earlier this month. Reilly,...
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Current reader favorites: 1. Qatari royals are behind Tom Barrack’s manse project: sources 2. SaMo approves comprehensive earthquake retrofitting plan 3. Steve Witkoff makes major resi play at Fred...
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Residential complex planned for car wash in pricey Beverly Grove
The site at 431 N. La Cienega Boulevard and Robert Stark Cleveland-based Stark Enterprises filed plans last week for a 96-unit apartment complex in Beverly Grove, two months after buying the car wash...
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The New York April issue is live!
From TRD New York: In February, news broke that StreetEasy’s parent company Zillow was planning to introduce in New York City a program called Premier Agent, a lucrative lead-generation tool that the...
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People seeking Section 8 vouchers in LA County could have to wait 11 years:...
Skid Row city limits (credit: Robyn Beck) Talk about an affordable housing crisis. People at the bottom of Los Angeles County’s 40,000-person waitlist for Section 8 vouchers could have to wait 11 years...
View ArticleTop hedge funder says retail slump is a “forever trend”
From TRD New York: Hedge fund manager Jason Mudrick has dire predictions for the country’s retail sector, and he’s betting big on reaping the rewards. Mudrick, whose Mudrick Capital Management focuses...
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Clippers’ Paul Pierce shoots for $3.4M on Cheviot Hills home
Paul Pierce and his home on Forrester Drive (Credit: Official PSDs, The Agency) Longtime NBA player Paul Pierce has listed his Cheviot Hills digs for $3.4 million. Pierce, who joined the Clippers in...
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Rob Speyer’s heavy lift
(Illustration by Kyle Scott) From TRD New York’s April print issue: Rob Speyer — who took a big reputational blow during the last downturn — is doing everything he can to ensure he doesn’t get burned...
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The priciest home listings in LA last week
Priciest Listings (MLS) The Beverly Park mansion previously owned by billionaire Detroit Pistons owner Tom Gores was last week’s priciest listing in Los Angeles. The 24,000-square-foot mansion,...
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