TRD panel: Co-working after the We-pocalypse
From left: Bridgid Coulter of Blackbird, Kat Lau from Industrious and Jim Doorne of IWG The Real Deal and SPACES are teaming up next week to bring a panel of co-working leaders to LA. On November 20...
View ArticleLA sues Koreatown developer Michael Hakim
L.A. City Attorney Mike Feuer and a rendering of the Koreatown project (Credit: Getty Images) For two years, developer Michael Hakim and the city of Los Angeles were on the same side. Activists had...
View ArticleElliman foots bill for agents’ new business tool
Douglas Elliman’s Scott Durkin (Credit: Getty Images, iStock) Douglas Elliman is hoping it’s found a divine trinity in a new tool that combines marketing, business management and a customer...
View ArticleZillow and Opendoor aren’t making much on home-flipping
Zillow CEO Rich Barton (Credit: iStock) The slew of iBuying companies that have popped up in the last two years aren’t low-balling sellers, but they don’t appear to be making much of a profit, either....
View ArticleKeller Williams contracts up 9% in Q3
Keller Williams CEO Gary Keller (Credit: Wikipedia, iStock) Sales at Keller Williams rose 5.6 percent during the third quarter, even as the Austin-based franchise faced increasing competition from...
View ArticleInvestors turn to Vietnam as go-between amidst trade war
Port of Long Beach With a handshake between leaders in the Oval Office on Oct. 11, the U.S. and China entered into a tentative truce in a nearly two-year-long trade war. Tariffs remain in place on...
View ArticleRobert Shapiro is not alone: 5 real estate Ponzi schemes you should know about
Clockwise from top: Robert Shapiro, Viktor Gjonaj, and Robert C. Morgan (Credit: Rochester Institute of Technology, LinkedIn, iStock) On October 15, developer Robert Shapiro—who pleaded guilty in...
View ArticleJonas Brothers set real estate records in Encino
From left: Priyanka Chopra and Nick Jonas, and Sophie Turner and Joe Jonas Brotherly love is alive and well between Nick and Joe Jonas. The brothers spent a combined $34.1 million on homes in Encino,...
View ArticleThe people left behind by SoftBank’s startups
Softbank CEO Masayoshi Son (Credit: Getty Images) A Chicago real estate agent was unable to access basic marketing materials after joining brokerage Compass. A hotel owner in India is facing eviction...
View ArticleWhy Gaw Capital is big on LA while other Chinese firms retreat
Goodwin Gaw with the Bradbury Building, Hollywood Roosevelt and Hollywood and Highland. (Photos by Alamy) If the prevailing wisdom is that a) retail real estate is suffering and b) Chinese investment...
View Article“A slap in the face”: LA developer criticized for condo project name
4Site Real Estate’s Todd Wexman and the entryway at the Cha Cha Cha condo building Developer 4Site Real Estate is taking heat for the choice of name for a recently completed condo project in East...
View ArticleBeverly Hills mansion buys linked to powerful Kurdish family
Masrour and Mansour Barzani and the two Beverly Hills properties A pair of all-cash deals in Beverly Hills lead to two prominent members of the Barzani family, the most powerful and influential family...
View ArticleFormer car wash owners propose 139-unit development in Los Feliz
The car wash at 1666 N. Vermont Avenue (Credit: Google Maps) Two brothers who got into hot water over a car wash wage theft issue a decade ago, are hoping to replace one of the facilities with a...
View ArticleOprah has now paid $86M acquiring Montecito real estate
Oprah Winfrey and Jeff Bridges with the home (Credit: Getty Images and Realtor.com) What Oprah wants, Oprah gets. And the billionaire mogul wants to expand her real estate empire in Montecito. Winfrey...
View ArticleWeWork under pressure as losses soar to $1.25B
WeWork co-CEOs Artie Minson and Sebastian Gunningham WeWork lost $1.25 billion in the third quarter — up from $497 million in the same time period last year. The parent of the troubled-office startup...
View ArticleCity will draw up “anti-displacement zone” ordinance
Council President Herb Wesson and a rendering of District Square Los Angeles city officials will draw up an ordinance to create “anti-displacement zones” around new market-rate developments. The City...
View ArticleSoftBank’s $3B payout to WeWork’s investors is delayed
Softbank CEO Masayoshi Son (Credit: Getty Images) After everything that’s happened at WeWork, shareholders now have a new worry. SoftBank is delaying a $3 billion tender offer for WeWork shareholders....
View ArticleA $2.5B litmus test for the Century City luxury market
Woodridge Capital Partners’ CEO Michael Rosenfeld and Sales Director Mary Ann Osborn with a rendering of the project Spurred by a mall – yes, a mall – luxury residential sales in Century City are up,...
View ArticleNetflix and … filled: Streamers are gobbling up remaining space in LA, but...
Streamers are gobbling up remaining space in LA, but how much is left to go around? (Illustration by Brian Stauffer) The streaming wars’ latest skirmish came in October when Apple announced it would...
View ArticleIt’s official: Facebook is taking 1.5M sf in Hudson Yards
Facebook CEO Mark Zuckerberg and Hudson Yards (Credit: Getty Images) Facebook has officially inked its long-rumored lease at Hudson Yards. The tech giant will take more than 1.5 million square feet of...
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