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Why private equity is getting into growing marijuana and what it means for RE
MedMen co-chairman Chris Leavy, a former BlackRock executive. (LinkedIn, front; Pixabay, back) From TRD New York: A new private equity fund specializing in marijuana business is actively seeking...
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CalPERS allocates $350M to Canyon Catalyst Fund
(Credit: Getty Images) The California Public Employees’ Retirement System (CalPERS) has allocated another $350 million to its Canyon Catalyst Fund managed by Canyon Partners Real Estate firm, the...
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Iconic Grand Central Market sells to Beverly Hills investor
Grand Central Market with Adam Daneshgar (Credit: Langdon Street Capital, Wikimedia Commons) Grand Central Market, the historic food hall in Downtown Los Angeles that draws 2 million people annually,...
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Macerich is selling Westside Pavillion
Westside Pavillion (Credit: Macerich) Macerich Co. is in talks to sell its struggling Westside Pavillion, a 755,000-square-foot mall at 10800 W. Pico Boulevard in West L.A., the Wall Street Journal...
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The New York November issue is live!
From TRD New York: Last month, developer Harry Macklowe took the stand at his divorce trial. His wife of 58 years, Linda, did not play a significant role in building his empire, he told the court. “My...
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Rihanna flips WeHo villa three months after purchasing
Rihanna with her West Hollywood home (Credit: Getty Images) Looks like Rihanna found her money. The singer sold her West Hollywood Spanish-modern Villa for $2.85 million just three months after buying...
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Singer-designer Karyn White sells renovated Beverly Hills home for $14M
Karyn White and Jonathan Frakes at 9135 Hazen Drive (Credit: Getty Images, Paramount, Hilton Hyland) After just two short years, singer and interior designer Karyn White said “Live Long and Prosper” to...
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A conversation with Tracy Tutor Maltas, the newest star of “Million Dollar...
Tracy Maltas In May, Elizabeth Ann Stribling-Kivlan lamented the lack of female brokers on Bravo’s “Million Dollar Listing” franchise in an op-ed for Inman News. “[C]an’t Million Dollar Listing New...
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Homeownership in the US is on the upswing
Single family homes From TRD New York: The rate of homeownership across the country increased in the past few months, according to the U.S. Census Bureau, despite the fact home prices are continuing to...
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Porn exec Bill Asher sells Hancock Park home weeks after listing
Bill Asher and 274 South Muirfield Road (Credit: MLS, Wikimedia Commons) The house that Kim Kardashian’s sex tape helped buy has now traded hands. Vivid Entertainment co-owner Bill Asher found a buyer...
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Late media mogul Jerry Perenchio’s 70 acres of undeveloped Malibu land hit...
The Broad Beach parcel and Jerry Perenchio (Credit: Getty Images, The Agency) Just a few months after their former estate broke records as the most expensive listing in the nation, at $350 million, the...
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ZipRecruiter signs lease for entirety of HPP’s 604 Arizona building in SaMo
604 Arizona in Santa Monica (Credit: Google Maps) ZipRecruiter has signed a 45,000-square-foot lease for the entirety of Hudson Pacific Properties’ building at 604 Arizona Avenue in Santa Monica, The...
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There are signs of life at Hadid’s infamous (and illegal) Bel Air mansion
Mohamed Hadid and 901 Strada Vecchia Road (Credit: Getty Images, Google Maps) Rumor has it Mohamed Hadid is continuing work on his 30,000-square-foot spec in Bel Air, despite the absence of permits....
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Macklowe vs. Macklowe: How real estate’s biggest divorce could disrupt an empire
From left: Linda Macklowe, Peter Bronstein, Justice Laura Drager and Harry Macklowe (Illustration by Christine Cornell) From TRD New York’s November issue: Just after 5 p.m. on a recent Wednesday,...
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Two SoCal industrial sites trade in Duke Realty’s $700M portfolio deal
Rendering of the industrial building on South Ajax Avenue in City of Industry (Credit: Bridge Development Partners) Two industrial sites recently traded hands as part of a 10-property portfolio...
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The design preferences of Hollywood’s elite are shifting
(Credit: Getty Images) Hollywood is saying, “out with the old and in with the new.” Celebrities are increasingly shifting from vintage, ubiquitous pieces to unique furnishings crafted by local...
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Developer Alan Casden wants $59M for his Beverly Hills family home
Alan and Susan Casden in front of their estate at 808 Rexford Drive (Credit: Getty Images, Nick Springett) Alan and Susan Casden's estate at 808 Rexford Drive (Credit: Nick Springett) Alan and Susan...
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Douglas Durst gives keynote at TRD’s Shanghai showcase
Douglas Durst speaks at The Real Deal’s China forum (Credit: Will Parker for The Real Deal) From TRD New York: “My development company began [working with investors] in China in 1970, when the Chinese...
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“Million Dollar Listing LA”: All is fair in rosé and real estate
From left: Josh Altman, Tracy Tutor Maltas, James Harris and Josh Flagg Can you hear that? It’s the sound of rosé being poured, brokers squabbling over past grievances and the return of “Million Dollar...
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Former Clippers owner lists three homes for rent
ART: Shelly and Donald Sterling with their home on 223 South Roxbury Drive in Beverly Hills (Credit: MLS, Getty Images) With the Los Angeles Clippers off to a hot start to the new season, perhaps...
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