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Colony Capital offloads industrial portfolio to Nuveen for $136M
Colony Capital Head of Industrial Lewis Friedland and Nuveen Head of US Real Estate Chris McGibbon Colony Capital Inc. has dealt a light industrial portfolio to Nuveen Real Estate for $136 million. The...
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Long Beach approached Anaheim Angels about moving to the city
Long Beach Mayor Robert Garcia and Angels Stadium in Anaheim (Credit: Wikipedia) Does the Long Beach Angels have a ring to it? Officials in the coastal city have reached out to the Los Angeles Angels...
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Michael Jackson’s former Neverland Ranch relists at sharp price chop
Michael Jackson and Neverland Ranch (Credit: Getty Images) It’s the “Neverland Ranch” that never seems to sell. After nearly four years and at least four agents’ efforts, the 2,700-acre former home of...
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Nonprofit groups plan 110 affordable units in Sun Valley
Graham Espley-Jones, President of Western Community Housing and 11050 West Arminta Street (Credit: Google Maps) Two nonprofit groups are planning an affordable housing complex with 110 units in the Sun...
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Paradise lost? Ashkenazy deal for Brookfield’s Atlantis resort in the Bahamas...
Ben Ashkenazy (left), Ric Clark, and the Atlantis Resort in the Bahamas (Credit: Getty Images and Nassau Paradise Island) Ashkenazy Acquisition Corporation has walked away from a deal with Brookfield...
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Steve Wynn takes control of “Girls Gone Wild” creator’s Bel Air mansion
From left: Joe Francis and Steve Wynn After years of trying, disgraced casino mogul Steve Wynn has finally wrested control of a Bel Air mansion from his legal foe, “Girls Gone Wild” creator Joe...
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Realogy stock hits all-time low
Realogy CEO Ryan Schneider (Credit: iStock) Realogy’s stock plunged 21 percent on Tuesday, as Wall Street reacted grimly to the company’s dismal earnings report. The stock closed at $14.14 per share...
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L.A. Clippers, city, worried MSG would learn of Inglewood arena plans
From left: James Dolan, Steve Ballmer, and James Butts with a map of the proposed site Representatives for the City and the Los Angeles Clippers expressed concern almost three years ago that Madison...
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After surpassing revenue target in 2018, CoStar reveals ambitious goal for 2023
CoStar CEO Andy Florance (Credit: CoStar via YouTube and Pixabay) Real estate data giant CoStar Group exceeded $1 billion in revenue in 2018. And by the end of 2023, it hopes to roughly triple that...
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Build versus buy? Compass acquires CRM firm Contactually
From left: Ori Allon, Zvi Band, and Robert Reffkin (Credit: Getty Images, Zvi Band, and Contactually) As it looks to burnish its tech offerings, Compass said it had acquired Contactually, a cloud-based...
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Home sales in SoCal fall to lowest levels since 2008: report
Southern California homes (Credit: iStock) The number of home sales in Southern California continued to dip in January, reaching their lowest levels since the housing market crash in 2008. A new report...
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Nearly a third of Angelenos with 6-figure salaries rent their home
Photo of L.A. skyline from Echo Park (Credit: Wikipedia and iStock) At least 30 percent of Angelenos who earn $100,000 or more per year are renting their home, new data shows. In 2008, about a quarter...
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Opportunity Zone program has loads of potential but is not a cure-all: panel
From left to right: Toby Moskovits, Steven Adler, Seth Pinsky, Ben Miller, Bob Knakal, and moderator Maury Golbert The burgeoning Opportunity Zone program could be one of the best development...
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US housing market off to shaky start in 2019 amid price dip, sluggish...
(Credit: Unsplash and Pixabay) U.S. housing prices recorded their slowest growth in four years during 2018, signaling that this year may be a trying time for the real estate industry. The S&P...
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Amazon walks away from 722K sf lease for Seattle’s Rainier Square
Jeff Bezos is backing his company out of a massive real estate deal in downtown Seattle (Credit: Getty Images) UPDATED, Feb. 27, 3:53 p.m.: Amazon is walking away from another huge real estate deal,...
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Zillow said Bruce Makowsky’s megamansion was sold. He says no, and sues...
Bruce Makowsky and 924 Bel Air Road (Credit: Wikipedia and Zillow) Bruce Makowsky’s Bel Air spec megamansion, dubbed “Billionaire,” seemingly has it all. There are 21 bedrooms, 21 bathrooms, two...
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California exodus reinvigorated Nevada city
Henderson Nevada (Credit: Wikipedia) You’re welcome, Nevada? The mass exodus of Californians being priced out of their homes has helped rebuild the town of Henderson, Nevada, the Wall Street Journal...
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Toll Brothers just had its worst quarter for contracts since 2010
A Toll Brothers home in California and Toll Brothers CEO Doug Yearley (Credit: Getty Images and Facebook) The disappearance of buyers in California and a tepid luxury market in New York helped send...
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Video game developer renews 42K sf lease in Burbank
Insomniac CEO Ted Price and Media Studios Campus (Credit: Wikipedia) The brainchild behind Marvel’s Spider-Man video game is slinging for some office space in Burbank. Insomniac Games has renewed its...
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This state poised to be first to impose sweeping rent control
Governor Kate Brown and Portland (Credit: Getty Images and Unsplash) Oregon is poised to become the first state to implement statewide rent control. Lawmakers passed a measure that would impose limits...
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