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Current reader favorites: 1. WeWork sues Long Beach co-working firm with similar name 2. Berkshire renovating One Santa Fe to better “blend in” 3. Fandango closing on 85K sf lease in Beverly Hills 4....
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Former FHFA head wants to turn Fannie, Freddie into insurance companies
From left: Edward DeMarco and Michael Bright From the New York website: A former head of the Federal Housing Finance Agency wants to turn the government-backed mortgage giants Fannie Mae and Freddie...
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City Council passes tax ballot measure to raise money for the homeless
Council member Marqueece Harris-Dawson and an affordable housing complex at 240 East 6th Street developed by the Ski Row Housing Trust (credit: the Durfee Foundation, Skid Row Housing Trust) City...
View ArticleMarc Anthony’s wallet will take a hit with reduced Tarzana listing price
A photo posted by Marc Anthony (@marcanthony) on Jun 23, 2016 at 11:27am PDT Salsa singer and J. Lo’s former husband Marc Anthony cut the asking price of his five-bedroom, seven-bathroom abode in the...
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Lincoln Property acquires massive West LA office complex for less than seller...
Part of the Wateridge campus at 5140-5150 Goldleaf Circle and David Binswanger of Lincoln Property Company Buy low, sell high? Looks like Lincoln Property Company read the memo on that one. The...
View ArticleKardashian baby daddy wants $2.8M profit from Hidden Hills flip
A photo posted by Scott Disick (@letthelordbewithyou) on Jun 27, 2016 at 2:01pm PDT Reality television star Scott Disick may finally have a professional title: house flipper. A Kardashian by...
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Blackstone buys Howard Hughes Center from Hines in $1.2B liquidation sale
Howard Hughes building and Hines REIT Chief Executive Officer Sherri Schugart A Blackstone affiliate has purchased seven commercial properties from Hines Real Estate Investment Trust for $1.16 billion,...
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Richard Pryor’s former compound, where he set himself on fire, listed for $3M
The property at 17267 Parthenia Street (credit: Melissa Di Meglio) and a still from “Richard Pryor: Live on the Sunset Strip” Comedian Richard Pryor’s former house on Parthenia Street — the site where...
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Submarket Snapshot: Homes in Beverly Hills Post Office in Q1 2016
A property listed at 12753 Mulholland Drive in Beverly Hills (via the Agency) Beverly Hills’ prestigious Post Office district saw slowed luxury sales volume in the first quarter. There were 23 homes...
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Current reader favorites: 1. Beverly Hills developer Jona Goldrich dies at 88 2. Related California resumes construction in Hollywood 3. WeWork sues Long Beach co-working firm with similar name 4....
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LA’s priciest commercial listings to hit the market in June
452 Los Robles Avenue lot Los Angeles had a scorching hot June, but it was business per usual for the commercial real estate industry. While many of the hottest listings are being quietly marketed,...
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Wanted at TRD: Web reporter
The Real Deal, New York City’s first and largest real estate-focused newsmagazine, is seeking a web reporter to join our team in Manhattan. With over 2.4 million visits a month, TheRealDeal.com is the...
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Trump Institute faces accusations of misleading customers
The cover of a Trump Institute textbook From the New York website: Trump Institute, a little-known seminar business with ties to Donald Trump, is facing accusations of misleading its customers, the New...
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LA office vacancy down amid employment growth: CBRE
400 S. Hope Street Office vacancy is dropping in L.A. as employment levels inch up. Vacancy in the Los Angeles region decreased by 60 basis points during the second quarter of the year to 14.5 percent,...
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What housing crisis? Council approves apartment-to-hotel conversion in Hollywood
The building at 8150 North Cherokee Avenue in Hollywood and Councilman Gil Cedillo Much to the chagrin of housing advocates and evicted residents, the Los Angeles City Council approved on Wednesday a...
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Kendall Jenner has bought Emily Blunt and John Krasinski’s home for $6.5M
From Luxury Listings NYC: A few weeks ago, when Kendall Jenner complained on her blog about the lack of closet space in her Westwood, California condo, LLNYC foolishly wondered if perhaps she’d buy...
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Betsey Johnson buys Malibu trailer for $2M
Paradise Cove trailer park (via Google Earth) and a still of Betsey Johnson on “House of Style” Fashion mogul Betsey Johnson is ditching her Hamptons house and moving to a trailer park. She plans to...
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This week in renderings: Eighth & Figueroa, Wilshire & La Jolla
Rendering of Eighth & Figueroa (credit: Mitsui Fudosan America) Rendering of the Wilshire & La Jolla Tower (credit: Steinberg Architects) This week’s most eye-popping renderings include an...
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Happy Fourth of July from The Real Deal!
In honor of the Fourth of July, The Real Deal won’t be posting on Monday — but we’ll keep an eye out for any breaking news. Have a safe, enjoyable holiday! And don’t forget to check back bright and...
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Current reader favorites: 1. Blackstone buys Howard Hughes Center in $1.2B sale 2. Lincoln Property acquires massive West LA office complex 3. Betsey Johnson buys Malibu trailer for $2M 4. LA’s...
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