Realogy shrugs off competition from a “small startup” called Redfin
From TRD New York: Shares of Redfin have nearly doubled since the online brokerage’s IPO last week — and it’s made no bones about gunning for traditional brokerages. But guess who’s not sweating it:...
View ArticleClik here to view.
Kanye West sells “Heartless” Hollywood Hills home for $3M
Kanye West, Hollywood Hills home (Getty Images/MLS) Somewhere far along this road, he lost his soul…to a new buyer. Rapper and fashion designer Kanye West sold his longtime Hollywood Hills West home —...
View ArticleClik here to view.
National Cheat Sheet: Hotel occupancy up in Q2, drastic drop in Chinese...
Clockwise from the top left: Chinese investment in U.S. to decline, Google’s Silicon Valley offices, online real estate seller Ten-X. Auction giant Ten-X will be sold to private equity firm for more...
View ArticleClik here to view.
This week in celebrity real estate: Beyoncé and Jay-Z inch closer to...
Beyonce and Jay-Z, Sam Nazarian and Paul Kemsley (MLS/Getty Images) The rich and famous are keeping the hills alive with the sound of money this week – especially Beyoncé and Jay-Z. The power couple...
View ArticleClik here to view.
Maroon 5’s Adam Levine picks up Holmby Hills estate for $18M
Behati Prinsloo, Adam Levine and home on Club View Drive (Getty Images/MLS) Adam Levine is moving like Jagger — up and down the halls of his new Holmby Hills estate. The Maroon 5 frontman dropped $18...
View ArticleClik here to view.
Mohamed Hadid’s former security guard says developer fudged finances to avoid...
Real estate entrepreneur Mohamed Hadid and his daughter Bella (Credit: Getty Images) It seemed developer Mohamed Hadid’s legal troubles were over last month when he was sentenced to community service...
View ArticleClik here to view.
Rockwood Capital and HEI Hotels sell Glendale Hilton for $73.5M
Glendale Hilton Hotel (Google Maps) Rockwood Capital and HEI Hotels & Resorts have checked out of the Hilton Los Angeles North hotel in Glendale. The joint venture sold the 351-room property for...
View ArticleNational market report: Las Vegas desert strip slated for huge housing...
From TRD New York: San Francisco: Developer snags extra funds to save megaproject A local city council and developer managed to salvage plans for the redevelopment of a 68-acre former naval base on...
View ArticleClik here to view.
Fashion designer Hiroki Nakamura buys Richard Neutra home for $7.5M
Fashion designer Hiroki Nakamura and his new property, the Schaarman House (credit: Hilton & Hyland, Getty Images) Hiroki Nakamura, the fashion guru best known for creating Japanese cult menswear...
View ArticleClik here to view.
WeWork is raising tons of money as it marches toward Asia
Adam Neumann and Seoul, Korea (Credit: Getty Images) From TRD New York: Following a Series G funding round that put its value at approximately $20 billion, co-working giant WeWork raised another $500...
View ArticleClik here to view.
Eyewear mogul Doug Barnes wants $45M for Beverly Hills pad
Eyewear mogul Doug Barnes’ estate in Beverly Hills (credit: The MLS) He has an eye for real estate. Doug Barnes, the Dallas-based eyewear entrepreneur who founded the retail chain Eyemart Express,...
View ArticleClik here to view.
Onni Group, Trammell Crow are among the finalists for Angels Landing...
The project will turn the currently barren Angels Knoll park into a skyscraper(credit: Google Maps) Four prestigious developers are now vying for the rights to build a skyscraper on the site of the...
View ArticleClik here to view.
Will dead malls be the next logistics hubs?
The interior of the empty Randall Park Mall in North Randall, Ohio and Amazon’s Jeff Bezos (Credit: Getty Images) From TRD New York: Some of the real estate most coveted by e-commerce giants and...
View ArticleClik here to view.
LaSalle shops Viceroy Santa Monica’s leasehold
Viceroy Santa Monica (credit: Google Maps) LaSalle Hotel Properties is shopping its leasehold interest in the Viceroy Santa Monica hotel, The Real Deal has learned. Sources said the 162-key hotel could...
View ArticleClik here to view.
Fannie and Freddie to US: Hey, if things don’t work out can I have $100B?
FHFA Director Melvin Watt From TRD New York: If the market collapses, Fannie Mae and Freddie Mac may be in a pretty big bind: They’ll need a nearly $100 billion bailout. According to a stress-test...
View ArticleClik here to view.
Agency broker wants to create an MLS for pocket listings
From left: Mauricio Umansky, James Harris, David Parnes and Christopher Dyson Quiet, off-market deals are the lifeblood of some of L.A.’s most high-end boutique brokerages, but one Beverly Hills agent...
View ArticleClik here to view.
How the West was won: Behind the Elliman-Teles deal, and what it means for...
Elliman’s acquisition of Teles will bulk up its previously slender west coast operations (credit: Naiwen Tian) Approached in 2013 about buying an Aspen-based boutique brokerage Joshua & Co., Howard...
View ArticleClik here to view.
Federal Realty REIT pays $345M for stake in 1.35M sf LA retail portfolio
A collage of the seven Los Angeles shopping centers Federal Realty Investment Trust paid for (credit: Federal Realty Investment Trust) Retail REIT Federal Realty Investment Trust acquired a 90 percent...
View ArticleClik here to view.
Good luck finding construction workers
From TRD New York: As if getting construction loans isn’t hard enough, developers increasingly have to fight to find construction workers. The number of construction job openings in the U.S. rose to a...
View ArticleClik here to view.
Johnson Fain lists Chinatown HQ, entitled for resi redevelopment, for sale
From left: Scott Johnson and William H. Fain Jr (credit: Google Maps) Chinatown is getting denser — and a local architecture firm is seeing how much it can bank on its development potential. Johnson...
View Article