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LA, NYC buck the national trend on rent vs. own
Downtown Miami From the Miami website: Millennials fretting over the high costs of buying a first home, fear no more: renting may be the better financial option anyway. A new report shows the growth of...
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NII could cost the city nearly $2B, says partisan report
Michael Weinstein of the Aids Healthcare Foundation, the nonprofit bankrolling Measure S (Credit: Shutterstock, Getty) The Neighborhood Integrity Initiative, now known as Measure S on the March ballot,...
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Movers & Shakers: New recruits for Gelt, Nourmand and Polaris
From left: Mike Akerly and Josh Satin (Credit: LinkedIn, Mets Minors) It may be eggnog season, but Los Angeles real estate remains active as ever. Gelt, an L.A.-based multifamily investment firm,...
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Trump’s US-Mexico wall? Miami Beach architects offer an alternative design
A rendering of the proposed border with Francisco Llado on left and Robert Moehring From the South Florida website: A Miami Beach architecture firm has come up with an alternative to President-elect...
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Meet the Chinese investor in Related’s Grand Avenue megaproject
China, and a rendering of the Grand Avenue project (via LA Board of Supervisors) When the budget for Related Companies’ massive Frank Gehry-designed Grand Avenue project jumped by more than $200...
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Chinese investor buys resi-entitled Warner Center land for $19M
A rendering of the development at 6041 Variel Avenue and Laurie Lustig-Bower (CBRE) A U.S. subsidiary of Beijing-based BCEGI International Company shelled out $18.8 million for a three-acre site at...
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Current reader favorites: 1. How LA’s CIM became the go-to investor for NY’s condo devs 2. Related locks down Council approval for Grand Avenue project 3. WATCH: This megadevelopment could be Bjarke...
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US builder confidence in single-family homes hits 11-year high
(Credit: Maurice Mayfield) From the New York website: U.S. builder confidence in single-family homes hit an all-time high in December, reaching the highest level seen in more than a decade. According...
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Can city officials crack down on illegal warehouses without displacing tenants?
The fire-ravaged Ghost Ship warehouse in Oakland (Credit: Getty) U.S. cities have been working to crack down on illegal warehouses following the Oakland Ghost Ship fire, but some housing rights...
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Fed puts pressure on Chinese bond bubble
20 renminbi yuan bill shown next to the hills on the bill From the New York website: Is the Federal Reserve popping the Chinese bond market bubble? The central bank’s Wednesday announcement that it...
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CBRE’s Todd Doney on LA market, Warner Music lease and checking his bank balance
Todd Doney Todd Doney, the vice chairman at CBRE’s headquarters in Downtown Los Angeles, is the no. 1 office leasing broker in L.A., according to CBRE. So far this year, he has closed more than 6...
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GGP ditches its own office building for creative space at One Bunker Hill
General Growth Properties CEO Sandeep Mathrani and the CalEdison at 601 West 5th Street One Bunker Hill, which was recently rebranded as “the CalEdison” in the midst of creative restoration, has an...
View ArticleRihanna’s agent Lee Mintz talks “new money,” weird requests and celebrity...
A photo posted by Lee Mintz (@lboogie_007) on Dec 6, 2016 at 1:41pm PST Lee Mintz wants you to know that she’ll always pick up the phone. The Partners Trust agent — whose rolodex ranges from Rihanna...
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Don’t pack your bags just yet, SaMo airport tenants: FAA
The Santa Monica airport The Santa Monica municipal airport must halt its eviction of two aviation tenants, the Federal Aviation Administration said Tuesday in a cease-and-desist order. The airport...
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Terminator. Barbarian. Landlord.
Arnold Schwarzenegger as Conan the Barbarian From the New York website: He needs your clothes, your boots and your motorcycle… and your rent check. Before Arnold Schwarzenegger made it big in...
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London entrepreneur Howard Shore buys Bel Air spec manse for $39M
Left: The 6 brokers; Right: Howard Shore (Shore Capital) and the Stradella property London entrepreneur Howard Shore, the founder and executive chairman of Shore Capital Group, has purchased a Paul...
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Current reader favorites: 1. How LA’s CIM became go-to investor for NY developers 2. Meet the Chinese investor in Related’s Grand Ave megaproject 3. Kilroy Realty nabs 2.3-acre WeHo complex for $210M...
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New ordinance would protect rent-controlled tenants from unfair buyouts
(credit: L.A. Mayor) A new Los Angeles city ordinance is slated to protect tenants in rent-controlled apartments from unfair buyouts. The Tenant Buyout Ordinance, signed into law Thursday by Mayor Eric...
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AEW sells nine apartment buildings for $430.5M
AEW CEO Jeffrey Furber and the LUXE at 375 La Cienega Boulevard UPDATED, 12 p.m., Dec. 19: AEW Capital Management sold a portfolio of nine apartment buildings to Verbena Road Holdings for $430.5...
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JPMorgan dethrones Deutsche as top CMBS bookrunner
JPMorgan’s James Dimon and Deutsche Banks’s John Cryan From the New York website: For the first time in five years, there’s a new king atop of the CMBS mountain. JPMorgan was the most active...
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