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Here are the latest under 50-unit resi projects proposed in LA
From top down: Development sites on Fairfax, Barrington , and Commerce avenues In Los Angeles, multifamily developers are increasingly taking advantage of the city’s incentives for building next to...
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(Luxury) buyer’s market: Price on cliffside Malibu estate slashed again
From left: Dale Kinsella and Liz Edlich with Il Pelicano, which is listed for $35 million (Credit: Douglas Elliman) The custom home built into a Malibu cliff and named for the pelicans that flock the...
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This $25M Beverly Hills Post Office listing is ripe for development
Ronnie Mellen and her Beverly Hills Post Office home Los Angeles is no stranger to eye-popping asking prices, but a Beverly Hills Post Office double lot is seeking a cool $16,700 per square foot....
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Compass Commercial has done just “a handful of deals” since its launch
Adelaide Polsinelli and Robin Abrams of Compass with the Compass Global Headquarters at 90 Fifth Avenue (Credit: Google Maps) Nine months after launch, Compass’ commercial division is yet to make its...
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Movers & Shakers: Loren Judd joins Hilton & Hyland, Compass continues...
Don Heller and Loren Judd Loren Judd has left his 15-year stint at Coldwell Banker to join Hilton & Hyland. Judd had been working as a manager at the firm’s Beverly Hills North office for the last...
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How some execs are making money off assets they don’t even own
Vornado Realty Trust chairman Steven Roth (Credit: Getty Images) Vornado Realty Trust’s Steven Roth is not just one of New York’s top commercial landlords. He is also one of its top collectors of...
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Jodie Foster finds buyer for $15M Beverly Hills mansion
Jodie Foster and her former home (Credit: Getty Images and David Kramer) Actress Jodie Foster didn’t have to wait long to snag a buyer for her updated 1950s-built Beverly Hills spread. The actor,...
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French billionaires Arnault and Pinault pledge 300M euros to rebuild Notre-Dame
Bernard Arnault and François-Henri Pinault and the Notre-Dame Cathedral (Credit: Getty Images) A pair of French billionaires are among those who are pledging hundreds of millions of euros to rebuild...
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Could McDonald’s franchise model help IWG beat WeWork?
(Credit: iStock) IWG, the world’s largest flexible-office provider, is now turning to McDonald’s for inspiration on how to ward off competition from WeWork. The Swiss firm, which has about 555,000...
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LA County’s top 5 multifamily investment sales of March
The San Pedro complex and Mark Litman of Ridan with the property at Riverside Drive Multifamily developers spent a combined $114.3 million on the five biggest deals in Los Angeles County in March,...
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“South Park” co-creator Trey Parker buys Brentwood bachelor pad
Trey Parker and his new home (Credit: Getty Images and Zillow) The force behind hit animated show “South Park” has found a new place to call home. Following a divorce from his wife of five years, Trey...
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NAR hit with another antitrust suit over buyer-broker commissions
NAR president John Smaby (Credit: NAR and Pixabay) Even more home sellers are taking aim at the National Association of Realtors and major home-selling brokerages over buyer commissions and multiple...
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Here’s why the LA City Council opposes a state bill to boost housing
State Senator Scott Wiener’s SB 50 doesn’t have many fans at L.A. City Hall (Credit: Flickr) Los Angeles is all in favor of more affordable housing and increased apartment construction. But on Tuesday,...
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The Real Deal LA’s spring issue is now available to all subscribers!
The Real Deal’s Spring 2019 issue The Real Deal Los Angeles’ spring issue is live, and digital subscribers to TRD are getting the first look at what’s inside. Subscribers now have access to stories...
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Trump private club could be target of new NY tax bill
Trump National Golf Club Westchester and David Carlucci (Credit: Trump Organization) The golf industry is pushing back against a new bill that could raise property taxes for golf course owners in New...
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What are the odds? Rare Las Vegas Strip casino hits the market
Blackstone Group CEO Stephen Schwarzman and the Cosmopolitan of Las Vegas (Credit: Getty Images and Wikipedia) The Cosmopolitan hotel and casino was one of the biggest failures of the Las Vegas Strip...
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City officials pave the way for a 167-key Marriott to rise near USC
Marriott CEO Arne Sorenson and the University of South California (Credit: iStock) A hotel may soon stand where affordable housing was once planned. On Tuesday, the Los Angeles City Council voted to...
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Here are LA County’s top 5 office sales of March
The top five office investment sales of March March was a busy month for office trades, but a blockbuster trade for Class A space at the Lantana Campus in Santa Monica easily topped them all. Here’s a...
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Blackstone Group, the world’s largest real estate owner, is converting to a...
Blackstone Group CEO Stephen Schwarzman (Credit: Getty Images) Blackstone Group is changing is corporate structure to become a corporation, in a move that others have used to boost stock ownership. The...
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Barr issues strong defense of Trump shortly before Mueller report’s release
Attorney General William Barr speaks about the release of the redacted version of the Mueller report at the Department of Justice (Credit: Getty Images) Attorney General William Barr vigorously...
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