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Jeffrey Fish wants condo buyers to swim suspended above the DTLA skyline
Rendering of the proposed tower at the corner of Hill and 5th Streets (Credit: CallisonRTKL via L.A. Times) As the Wilshire Grand nears completion, developer Jeffrey Fish wants his own landmark in the...
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Chinese currency outflows are bigger than you think: Goldman
From the New York website: Currency outflows from China may be far bigger than previously thought, according to investment bank Goldman Sachs. Bloomberg had previously estimated that a net $550...
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Was LA’s grass-to-gravel water-saving campaign a sham?
Ryan Nivakoff and drought-resistant shrubbery in L.A. (Credit: CBS2, Landscaping Network) If the cost of saving water was sad-looking lawns, it might have been worth it. But thanks in part to the...
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Invesco shows SaMo some LUVE with $53M land purchase
Invesco Real Estate CEO R. Scott Dennis and the property at 1555 4th Street Talk about good timing. A developer turned a $37 million profit on a parcel of land by entitling it ahead of a November...
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Welltower’s senior moment: REIT is buying $1.15B portfolio of elderly...
“Vintage Burbank” site and Welltower CEO Tom DeRosa (via CBRE, Getty Images) Welltower, an Ohio-based real estate investment trust, has agreed to buy a portfolio of 19 senior housing communities on the...
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Current reader favorites: 1. Warner lease is having ripple effect on Arts District 2. Vornado’s LA selloff is part of larger effort to slim down 3. Gerard Butler lists Los Feliz house for $4.4M 4....
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Caruso calls Trump an “angry human being,” may ban him from the Grove
Rick Caruso, Donald Trump and the Grove at 189 The Grove Drive Donald Trump might have a tough time catching a flick at the Pacific Theatres or shopping at Barneys in West Los Angeles this fall. Rick...
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New status, new era, new issues for REITs
From left: Hans Nordby, Sean Coghlan and Conor Flynn From the New York September issue: This September, investors who bet on the stock market’s broad indexes got a new tool. They can now invest in real...
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Paramount Pictures gets greenlight for $700M expansion
Entrance to Paramount Pictures at 5555 Melrose Avenue (Credit: Seeing Stars) It’s lights, camera, action for Paramount Pictures, after the City Council approved the film studio’s 25-year plan to...
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Boston Properties CEO on cracking the LA market
Boston Properties’ $500 million-plus acquisition of a stake in Santa Monica’s Colorado Center in May represented the company’s first foray into the L.A. market, where company executives say the firm is...
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Where does Donald Trump’s money come from?
From left: Trump Tower, a Trump private airplane, Trump Golf Links at Ferry Point, Donald Trump and Trump wines (illustration by Lexi Pilgrim for The Real Deal) From the New York website: Where does...
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Magellan Group opens $55M namesake industrial digs in El Monte
The Magellan Gateway at 4181 Temple City Boulevard (Credit: Magellan Group) For the first time in eight years, the San Gabriel Valley has a new infill industrial space, developed by Los Angeles-based...
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Johnny Depp just sold one of his five DTLA penthouses
Johnny Depp and the Eastern Columbia Building at 849 South Broadway Johnny Depp is making steady progress in selling his five-unit penthouse portfolio in Downtown’s Eastern Columbia Building. The actor...
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Teles’ Peter Hernandez on riding out downturns, spotting bubbles and staying zen
Peter Hernandez Peter Hernandez is president and founder of Teles Properties, where he oversees marketing, brokerage and recruitment. He started his career in 1970 as an agent at his family’s firm,...
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Is Jamie Lee Curtis growing a SaMo assemblage?
Jamie Lee Curtis and husband Christopher Guest (Credit: Getty) Are Jamie Lee Curtis and her hubby Christopher Guest taking over their neighborhood in Santa Monica? The Hollywood power couple recently...
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Current reader favorites: 1. Invesco shows SaMo LUVE with $53M land purchase 2. Vornado’s LA selloff part of slim down efforts: Analysts 3. Was LA’s grass-to-gravel campaign a sham? 4. Warner lease...
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Beny Alagem spent $2M in less than three months on condo tower initiative
Beny Alagem and a rendering of his 26-story tower (credit: New York Social Diary, Beverly Hills Garden & Open Space Initiative) If his spending spree continues at its current rate, Beny Alagem will...
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London housing market continues to hurt after Brexit
Illustration by Lexi Pilgrim for The Real Deal From the New York website: Sales of homes under construction in London slumped 14 percent year-over-year in the quarter that followed the Brexit,...
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Airplane parts factory in Warner Center to become apartments
The former Faber warehouse and Roobik Ovanesian Evolution Strategic Partners, a developer based in West L.A., wants to build a 271-unit apartment building at the site of a former aircraft component...
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Group fighting Alexan in DTLA hires Hollywood’s preeminent NIMBY lawyer
Renderings of the Alexan at the corner of Hill and 9th Streets (Credit: DTLA Neighborhood Council) The Society for the Preservation of Downtown, the group fighting Trammell Crow Residential’s Alexan...
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