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Keeping your enemies close: Vornado mulls selling DC spinoff to rival
Steven Roth From the New York website: Vornado Realty Trust is mulling selling a spinoff of its Washington, D.C., business to rival JBG Companies in a deal that could be worth up to $6 billion. The...
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Current reader favorites: 1. Angelo and Lincoln buying $150M Warner Center buildings 2. Tom Gores buys Holmby Hills spec home in $100M deal 3. Park Hyatt hotel headed to Oceanwide Plaza 4. LVMH, Bijan...
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LA’s vacant land could be turned into 225,000 new homes: report
Empty parking lot in Downtown (Credit: Getty) The city of Los Angeles might have enough empty lots to build up to 225,000 homes or apartments, according to a new report by the McKinsey Global...
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Trump TV started as threat from Kushner to Roger Ailes: report
Jared Kushner From the New York website: Trump TV might have started as a threat to ex-Fox News chief Roger Ailes from Jared Kushner during the Republican primaries, according to a Bloomberg cover...
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LA home prices up 5.3% in the third quarter: Elliman
Homes in Santa Monica The Los Angeles residential market posted modest gains in the third quarter, with single-digit jumps in pricing and velocity, respectively. The gains come amid a prolonged period...
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4D development buys Northridge multifamily complex for $21M
Woodley Plaza at 10139 Woodley Avenue West Hollywood-based company 4D Development is the latest real estate firm zeroing in on the San Fernando Valley, buying an 85-unit apartment complex in Northridge...
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Beverly Hills Weekly weighs in on contentious development war
Beny Alagem, Wanda Group CEO Wang Jianlin and a rendering of Alagem’s 26-story tower in his Beverly Hilton project (Credit: Getty, Beverly Hilton) Updated: Thursday, October 17, 2016: 4:45 p.m.: Adding...
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Boston Properties to ink 200K sf of deals at Colorado Center
A building at the Colorado Center in Santa Monica and Boston Properties President Doug Linde Boston Properties anticipates signing leases for more than 200,000 square feet of space at Santa Monica’s...
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Blackstone now has more than $100B in dry powder
From left: Stephen Schwarzman and Michael Chae From the New York website: Thanks in part to some major real estate sales, the Blackstone Group had a profitable third quarter. But arguably the most...
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Current reader favorites: 1. Lincoln and Riboli plan 920-unit project in Chinatown 2. Dr. Lee’s son is opening a hipster bar in Ktown 3. LVMH, Bijan sued over $122M sale of Rodeo Drive storefront 4....
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American Apparel’s second bankruptcy filing could further impact its retail...
American Apparel sign (credit: Getty Images) American Apparel, one of America’s largest clothing manufacturers, is reportedly preparing its second bankruptcy filing in less than two years, a move that...
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SaMo fails to reach affordable housing benchmark by 10% — again
The affordable Pico Housing complex at 2802 Pico Boulevard (Credit: Moore Ruble Yudell) Santa Monica fell short of the meeting the city’s requirements for the creation of affordable housing by more...
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Science nonprofit buys small Playa Vista office in record ppsf deal
The late Fred Kavli and his foundation’s new office space at 5715 Mesmer Avenue (Credit: Kavli Foundation, LoopNet) A 13,000-square-foot office building on Mesmer Avenue has sold for $12.3 million, or...
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Blackstone taps JLL to head leasing at Howard Hughes Center
The Howard Hughes Center Commercial brokerage JLL has been tapped by Blackstone to head up leasing at the Howard Hughes Center in Westchester, The Real Deal has learned. JLL declined to comment on the...
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Beverly Hills house steeped in Hollywood history listed for $28.45M
1140 Tower Road (Credit: Keller Williams Realty) A Beverly Hills home with nearly seven decades of Hollywood heritage has hit the market for $28.45 million. The gated estate on Tower Road boasts a long...
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Homeownership rates rise after falling to 51-year low
From the New York website: Homeownership rates nationwide grew in the third quarter to 63.5 percent, after hitting a 51-year low of 62.9 percent in the prior quarter, the Census Bureau said Thursday....
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Developer Abe Shofet wants to sell Silver Lake site complete with plans for...
Rendering of Shofet’s project at 707 North Alvarado Street (Credit: Axiom) Developer Abraham Shofet is planning to sell a shovel-ready site in Silver Lake complete with not-yet-approved plans for a...
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Parking facility next to Hollywood’s Cinerama Dome sells for $50M
The Cinerama Dome A 602,382-square-foot parking garage attached to the historic Cinerama Dome Entertainment Center on Sunset Boulevard has sold for $50.2 million, or $83 per square foot, according to...
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Current reader favorites: 1. LA’s vacant land could be turned into 225,000 homes 2. Blackstone now has more than $100B in dry powder 3. LA home prices up 5.3% in the third quarter: Elliman 4. Boston...
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Pick your poison: Strong GDP growth makes interest rate hike more likely
Janet Yellen From the New York website: New Gross Domestic Product figures released Friday showed the U.S. economy is growing at a strong pace. That’s great news for the real estate industry, right?...
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