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New York is among the worst cities to save for a rainy day: study
Memphis earns the top spot as the best city for saving (Credit: iStock) Experts say you should squirrel away six months’ worth of expenses as a contingency for losing a job or a medical emergency. But...
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Massive Ohio pension fund steps up investment in infrastructure
Ohio SERS is moving money from real estate to infrastructure (Credit: iStock) Ohio’s school cafeteria workers, principals, and school bus drivers are bullish on infrastructure investment. Real estate,...
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LA County properties assessed at record $1.6 trillion
LA County Assessor Jeff Prang and the future NFL stadium in Inglewood in June 2018 (Credit: Ron Reiring/Flickr) Los Angeles County property assessments hit a record $1.6 trillion this year thanks to a...
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Kelsey and Camille Grammer’s former mansion in Malibu hits market
Kelsey Grammer and his former Malibu home (Credit: Getty Images and The Agency) A Mediterranean-style Malibu mansion with a celebrity pedigree is on the market for $20 million. The home in the gated...
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Hispanic buyers prop up U.S. housing market
(Credit: iStock) A sluggish housing market is receiving a much needed jolt from Hispanic first-time home buyers. The homeownership rate for Hispanics grew more during the past several years than for...
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Sterling Organization buys retail portfolio along booming Melrose Avenue
Sterling Organization CEO Brian Kosoy and the two Melrose Avenue properties Sterling Organization has purchased two retail buildings on Melrose Avenue, which remains one of Los Angeles’ top luxury...
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These real estate execs are donating big this campaign season
From left: Jonathan Gray of Blackstone Group, Geoff Palmer of G. H. Palmer Associates, and Jeffrey Gural of Newmark Knight Frank and GFP Real Estate (Credit: Getty Images) As the campaign season heats...
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Developer lists a third of Park Bel Air for reduced price of $45M
Domvs London co-founder Barry Watts and 800 Tortuoso Way (Credit: Linkedin, Dougas Elliman) When the owners behind the Park Bel Air development site put the spread on the market for $150 million, it...
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Koreatown hotelier sells shovel-ready development site entitled for 252 units
The development site and a rendering of Choi Bo Sung’s proposed 252-unit project (Credit: Google Maps) A Koreatown hotelier has sold an Olympic Boulevard assemblage the firm it recently entitled for a...
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Prologis in talks for giant warehouse portfolio, after Blackstone’s monster deal
Hamid Moghadam of Prologis and Dwight Merriman of Black Creek Group (Credit: iStock, Prologis and Black Creek Group via Twitter) Prologis is in advanced talks to acquire a $4 billion warehouse...
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Decron is unloading CRE assets ahead of potential statewide property tax hike
Onni Group President Rossano de Cotiis, Decron Properties President & CEO David Nagel and Ocean Plaza Decron Properties is in the process of shedding its commercial real estate holdings across...
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Here are the latest under 50-unit resi projects proposed in LA
Clockwise from top left: 1141 S. Crenshaw Boulevard, 719 S. Hoover Street, 411 S. Hamel Road, 1721 S. Colby Avenue and 3839 W. Washington Boulevard (Credit: Google Maps) The top five residential...
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Creative office craze continues with plans for new Santa Monica project
Gettleson, Witzer and O’Connor Managing Executive Randal O’Connor and a rendering of the project Creative offices are still having their moment in Los Angeles with another planned in Santa Monica. The...
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At Disney, the magic is all in tracking visitor movements
Disney has a sophisticated system for tracking the data of guests to its theme parks People’s data is being tracked more closely and in more places than ever before, and it’s no different at the...
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George Michael’s former lover is squatting at his $6.2M mansion and...
George Michael and Fadi Fawaz (Credit: Getty Images) George Michael’s ex- Fadi Fawaz has smashed up the windows of the late singer’s home in London in a supposed attempt to renovate the property. The...
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Nipsey Hussle’s partners are raising Opportunity Zone fund, but authorities...
Nipsey Hussle and his property at 3420 West Slauson Avenue (Credit: Getty Images, Google Maps, Wikipedia, Pixabay) After rapper Nipsey Hussle was shot and killed, Los Angeles celebrated him as a hero...
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Developer startup favorite Honest Buildings acquired by software company Procore
Honest Buildings CEO Riggs Kubiak and Procore CEO Tooey Courtemanche (Credit: Techstars and Procore) UPDATED, July 16, 1:50 p.m.: Construction management software company Procore has acquired Honest...
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Continuum Partners sells Arts District project site to Tom Gores’ Platinum...
From left: Tom Gores and Mark Falcone with the project site Private equity group Platinum Equity, run by Detroit Pistons owner and billionaire Tom Gores, has purchased a project site in the Arts...
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King of the hill: Manhattan tops list of priciest place to rent in US
New York City apartment building (Credit: iStock) Here’s a case for New York state’s recently-passed and highly controversial sweeping rent reform law: A new report shows that Manhattanites pay the...
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Realogy’s explosive suit against Compass may be “seriously misguided:”...
Compass CEO Robert Reffkin and Realogy CEO Ryan Schneider Compass is no newcomer to courtroom drama. Since 2014, the SoftBank-backed brokerage has been slapped by 10 separate lawsuits accusing the...
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