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The $100M club: The trophy homes that sold around the world last year
$100M-plus publicly reported sold residential properties From TRD New York: At least 10 homes priced at $100 million or above sold around the world last year, with a collective value of $1.3 billion....
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Agency heads west with Pacific Palisades office
Mauricio Umansky and the site at 860 Via De La Paz (Credit: YouTube, Loopnet) The Agency is headed west with the announcement of a new office in Pacific Palisades. The location, which will be managed...
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Fannie-Freddie overhaul is back on the table
Mel Watt From TRD New York: Overhauling the government’s role in mortgage giants Fannie Mae and Freddie Mac is back on the table. With backing from President Trump — who’s stated his support for an...
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Movers & Shakers: Watson Land Company names new CEO, HFF poaches industrial...
From left: William Leahy, Jeffrey Jennison, and Andrew Briner Jeffrey Jennison, president of Watson Land Company, has been named the firm’s CEO following the retirement of Bruce Choate. Choate had...
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City officials vote to legalize bootleg apartments
Los Angeles apartment buildings (Getty Images) Los Angeles City Council unanimously approved an ordinance Wednesday that would legalize “bootlegged” residential units, dwellings created when landlords...
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The Long View: Premier Agent program is a race to the bottom
From TRD New York: The battle between Streeteasy and the brokerage industry over the listing site’s Premier Agent tool is approaching an armistice. And all signs point to a conditional surrender by...
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VC-backed start-up aimed at single-family home market targets LA
Roofstock CEO Gary Beasley Tech start-up Roofstock, an online marketplace for purchasing single-family homes that’s backed by Salesforce CEO Marc Benioff and Bain Capital, is moving into the Los...
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LaTerra plans 100-unit complex in Los Feliz: sources
Site at 4850 Hollywood Boulevard and LaTerra CEO Charles Tourtellotte Local firm LaTerra Development is planning a nearly 100-unit mixed-use project on the border of Los Feliz, The Real Deal has...
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Diane Kruger lists WeHo house for $6M
The home on N. Orlando Avenue and Diane Kruger (Credit: Realtor.com, Getty) Another day, another Hollywood breakup. But the silver lining, at least for luxury house hunters, is a new house on the...
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CREXi settles lawsuit with rival Ten-X
Tim Morse of Ten-X, Michael DeGiorgio of CREXi (Ten-X/CREXi) CREXi, a commercial real estate platform for brokers and property owners, agreed to pay $1.6 million to rival Ten-X, both companies...
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Harridge pushes forward with massive Crossroads Hollywood development,...
Rendering of Crossroads Hollywood (Crossroads of the World) Harridge Development Group is pushing forward with its long-stalled Crossroads of the World development in Hollywood. The development firm...
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Rocker Travis Barker nabs another home in Calabasas
Travis Barker and his home on Prado De Amor (Credit: Getty, Michael Chez) Turn the lights off and carry him home — to his new place, that is. Taking a cue from the Kardashians, Blink-182 drummer Travis...
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Who are LA’s top luxury agents by sales volume?
(Click to enlarge) Top brokers are doing whatever it takes to maintain their market share these days, but who is really coming out on top? As part of our April issue, The Real Deal ranked the 30 most...
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LA judge to Mohamed Hadid: No more stalling, jury selection will proceed
Mohamed Hadid and his daughter Bella Hadid (Credit: Getty) It looks like Mohamed Hadid may be headed to trial after all. A Los Angeles Superior Court judge rejected the Beverly Hills developer’s...
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David Geffen lists second Carbon Beach pad for $8.9M
David Geffen, Pacific Coast Highway home (Getty Images/MLS) David Geffen broke a record when he sold his Carbon Beach estate for $85 million earlier this month, but he’ll be lucky to just break even...
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You can’t sit with us: California lawmakers to Trump wall contractors
Council member Gil Cedillo It’s old news that Los Angeles politicians do not support Donald Trump’s immigration policies, but one City Council member is going the extra mile to show it — by extending...
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Fox exec David Madden lists Bel Air home for $8.9M
Bel Air Road home, Marci Pool and David Madden (MLS/Getty Images) David Madden dropped the price of his Bel Air home last week to $8.9 million, or $1,569 a square foot, The Real Deal has learned. The...
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Here’s what LA’s $10M-$30M investment sales market looked like this week
Site at 4850 Hollywood Boulevard and 314 Arnaz Drive In the world of mid-market L.A. investment sales last week, Newmark Merrill sold its Walmart property in Norwalk, while LaTerra Development scooped...
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Hillcrest Company taps CBRE to lease mixed-use redevelopment in Arts District
A rendering of the redevelopment at 1745 E. 7th Street (via Hillcrest) Several years after finalizing entitlements for a mixed-use project containing 57 live/work lofts, Hillcrest Company has begun its...
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The commercial market is “frothy” right now and low interest rates are to...
From TRD New York: The commercial real estate market is getting frothy and low interest rates are to blame for asset inflation and impending oversupply issues, according to billionaire Sam Zell. The...
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