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Marriott, Starwood merger on hold pending Chinese review
Marriott International CEO Arne Sorenson and Starwood Hotels & Resorts Worldwide CEO Thomas Mangas From the South Florida website: A Chinese antitrust review is reportedly holding up the merger of...
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Is Camden Property Trust planning a massive mixed-use building near Atwater...
2750 West Casitas Avenue (Credit: CoStar) A developer recently filed plans with the city for a 419-unit new mixed-use complex, smack between the stroller-friendly enclave of Atwater Village and...
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Current reader favorites: 1. Colony Capital CEO looks for $22M return on Santa Monica pad 2. North Hollywood Macy’s is closing for good 3. How to sell a home above the asking price? Grilled cheese 4....
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Uber’s former head of public policy is now at WeWork
From left: Adam Neumann and Corey Owens From the New York website: WeWork has hired Uber and Facebook veteran Corey Owens as its first head of global public policy. Owens served as Uber’s head of...
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County approves major redevelopment plan for Koreatown’s Vermont Corridor
Rendering of the new department of mental health building (credit: LA County) Koreatown’s Vermont Corridor is one step closer to getting a facelift. Los Angeles County supervisors voted unanimously...
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Gelt plans second multifamily project on Reseda Boulevard
The existing office building at 5521 Reseda Boulevard and Steve Wasserman Gelt is making moves in the Valley. The Los Angeles-based firm recently submitted plans for its second apartment complex in...
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“Suicide Squad” star’s Hollywood Hills home gets $400,000 price chop
The house at 1723 Viewpoint Drive (via Halton Pardee + Partners) and Joel Kinnaman in a “Suicide Squad” post (via Warner Brothers) In February, Joel Kinnaman, one of the stars of “Suicide Squad,” put...
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Santa Monica office sells for $1,136 per square foot
The building at 2113 Main Street (Credit: CoStar) An entity affiliated with developer Tooley Investment recently purchased an 8,800-square-foot office building in Santa Monica’s main commercial...
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Blackstone launches $5B non-traded REIT
Stephen Schwarzman (credit: Natalie White) From the New York City website: Blackstone Group launched its first non-traded real estate investment trust and is looking to raise $5 billion from investors....
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LAX submarket ponders creative office to shake high vacancy
Mark Sokolowski of NGKF and the Airport Spectrum office The micro-market around LAX and Century Boulevard has the highest office vacancy rate in South Bay, at a whopping 40 percent, according to a new...
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Current reader favorites: 1. Colony Capital CEO seeks $22M return on SaMo pad 2. Developer planning mixed-use building near Atwater Village 3. Price chop: Rihanna’s onetime pad relists for $14.6M 4....
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Broker Chris Cortazzo’s former clients are suing him for $3.3M
Chris Cortazzo and the house at 33618 Pacific Coast Highway Chris Cortazzo, a top Coldwell Banker broker with a rolodex of famous clients, purposefully neglected to properly market his clients’ Watkins...
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WeWork wants to turn office buildings into giant gadgets
From left: David Fano and a WeWork space From the New York website: “Real estate, historically, is a very gut kind of business,” WeWork’s chief product officer David Fano said Wednesday. He’s out to...
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Limp Bizkit frontman swaps Hollywood Hills for Hidden Hills
Fred Durst and his new home at 23760 Oakfield Road Limp Bizkit is keeping up with the Kardashians. Fred Durst, lead singer of America’s premier rap metal band, recently traded his Hollywood Hills home...
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Howard Lorber on being a sounding board for Donald Trump
Donald Trump and Howard Lorber From the New York website: Howard Lorber, CEO of Vector Group and chair of Douglas Elliman, was one of a handful of real estate bigwigs tapped to join Donald Trump’s...
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New residential complex planned for Koreatown
The current building at 1017 South Mariposa Avenue (Credit: CoStar) A Koreatown developer has filed plans for a 160,000-square-foot apartment building on Mariposa Avenue, The Real Deal has learned. The...
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New panelists to join The Real Deal in Shanghai
Clockwise from top left: Bruce Mosler, Sharif El-Gamal, Don Peebles, Chris Wien, Jonatham Miller, Jay Neveloff, Nick Mastroianni II and Chris Marlin News of Chinese investment in U.S. real estate...
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LA’s multifamily market: bad for renters, good for landlords
Steve Basham of CoStar and a photo of a portion of the DTLA skyline by Hunter Kerhart It’s a good time to be an apartment landlord in Los Angeles. That was the overarching sentiment at the bullish...
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Current reader favorites: 1. Santa Monica office sells for $1,136 per square foot 2. LAX submarket ponders creative office to shake high vacancy 3. Gelt plans second multifamily project on Reseda...
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Trump plays to homebuilders at NAHB event in Miami Beach
Fontainebleau Miami Beach and Donald Trump From the South Florida website: In between jabs at Hillary Clinton, Republican presidential nominee Donald Trump played to his homebuilder audience at a...
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