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Scaramucci and EJF Capital split on $3B Opportunity Zone fund
News 15 hours ago
Scaramucci and EJF Capital split on $3B Opportunity Zone fund

Anthony Scaramucci and Manny Friedman Anthony Scaramucci’s SkyBridge Capital has split up with EJF Capital on the firms’ planned $3 billion...

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Chinese investor pays $41M for El Monte apartments
News 16 hours ago
Chinese investor pays $41M for El Monte apartments

Benedict CEO Ryan Somers and 4608–4640 Arden Way, marketed as “The Parker” A Chinese developer has paid big money for a curiously situated...

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Rodeo Refi: Properties on iconic Beverly Hills street land $160M loan
News 17 hours ago
Rodeo Refi: Properties on iconic Beverly Hills street land $160M loan

Rodeo Drive storefronts After notching some of the biggest retail sales of 2018, Rodeo Drive has started off strongly in 2019. Two storefronts...

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German co-living company raises $300M for US expansion
News 17 hours ago
German co-living company raises $300M for US expansion

Medici Living Group CEO Gunther Schmidt and a Quarters living space A German company is attempting to force its way into the ever-tightening co...

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Tracy McLaughlin leaves Compass to lead new Agency office
News 18 hours ago
Tracy McLaughlin leaves Compass to lead new Agency office

Tracy McLaughlin (Credit: Twitter) Seeking a return to “intimacy,” Pacific Union trailblazer Tracy McLaughlin has left Compass for the Agency....

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Directors cut: Price chopped to $19.5M for ‘Dynasty Mansion’ in Pasadena
News 19 hours ago
Directors cut: Price chopped to $19.5M for ‘Dynasty Mansion’ in Pasadena

1145 Arden Road, officially called the Arden Villa (Credit: Zillow and iStock) In another sign of a cooling trend in celebrity homes, a Pasadena...

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Blackstone getting ready to close on record $20B real estate fund
News 22 hours ago
Blackstone getting ready to close on record $20B real estate fund

Blackstone’s Kathleen McCarthy and Kenneth Kaplan The Blackstone Group is getting ready to close its largest private-equity real estate fund yet: a...

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Nile Niami is asking $55M for his own mansion in WeHo
News 23 hours ago
Nile Niami is asking $55M for his own mansion in WeHo

Nile Niami (Credit: Youtube) Spec mansion developer Nile Niami has listed his own bachelor pad manse in West Hollywood for $55 million. And it’s...

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LA landlords retrofitting 6K properties but thousands more still vulnerable: report
News 1 day ago
LA landlords retrofitting 6K properties but thousands more still vulnerable: report

A soft-story apartment building that collapsed on cars parked underneath it The Jan. 17, 1994, Northridge earthquake destroyed nearly 50,000...

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Vision Fund to lead $700M funding round for construction startup Katerra
News 1 day ago
Vision Fund to lead $700M funding round for construction startup Katerra

Michael Marks and Masayoshi Son (Credit: Getty Images, Katerra, and iStock) Masayoshi Son’s $100 billion Vision Fund is preparing another major...

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Last call! Future City 2019 has a few slots left
News 1 day ago
Last call! Future City 2019 has a few slots left

The Real Deal’s Future City 2019 is less than two weeks away, and we have just a few remaining spots for qualified candidates. Attendees will join...

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CGI Strategies buys Los Feliz apartment community for $20M
News 1 day ago
CGI Strategies buys Los Feliz apartment community for $20M

GIDI Cohen Founder and CEO of CGI and 4646 Los Feliz Boulevard (Credit: Google Maps) L.A.-based CGI Strategies has acquired a 78-unit complex in...

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US Bank Tower in Downtown lists for sale
News 1 day ago
US Bank Tower in Downtown lists for sale

OUE Limited Executive Chairman Stephen Riady and the US Bank Tower One of the most recognizable towers on the Los Angeles skyline is now for sale....

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Vanguard now owns more than 10% of discount brokerage Redfin
News 2 days ago
Vanguard now owns more than 10% of discount brokerage Redfin

Vanguard CEO Tim Buckley and Redfin CEO Glenn Kelman The investment firm Vanguard Group has purchased a more than 10 percent stake in Redfin....

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Trump admin move said to benefit farmers could be boon for developers
News 2 days ago
Trump admin move said to benefit farmers could be boon for developers

(Credit: iStock) It’s developers, not farmers, who may see the biggest regulatory and financial relief from the Trump administration’s rollback of...

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Mortgage industry chief gets some federal employees back to work with pay
News 2 days ago
Mortgage industry chief gets some federal employees back to work with pay

From left: Mortgage Bankers Association chief Robert Broeksmit, Treasury Secretary Steven Mnuchin (Credit: Mortgage Bankers Association, Getty...

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Developer Icon Co. sues two unions amid project delay
News 2 days ago
Developer Icon Co. sues two unions amid project delay

(Credit: Icon Co.) An L.A.-based developer has filed a lawsuit accusing two construction unions of racketeering and extortion. Icon Co., which...

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Report: Availability of warehouse space last year was the lowest since 2000
News 2 days ago
Report: Availability of warehouse space last year was the lowest since 2000

(Credit: iStock) The availability of warehouse space in the U.S. last year hit the lowest level since 2000 and will remain tight this year as e...

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Hong Kong developer proposes the city's densest resi complex ever
News 2 days ago
Hong Kong developer proposes the city's densest resi complex ever

(Credit: iStock) Hong Kong, already one of the world’s most densely packed cities, is poised to get its most dense residential project yet. CK...

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Kroger teams up with Microsoft on “smart” grocery stores
News 3 days ago
Kroger teams up with Microsoft on “smart” grocery stores

Kroger CEO Rodney McMullen (Credit: University of Kentucky, iStock) As it seeks to fend off Amazon’s expansion into the retail food business,...

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With Brexit on the horizon, Frankfurt's office market breaks records
News 3 days ago
With Brexit on the horizon, Frankfurt's office market breaks records

(Credit: iStock) Ever since the Brexit referendum, Germany’s financial capital has been positioning itself to receive an influx of London bankers....

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Lin-Manuel Miranda writes new ending for bookstore that could no longer afford its rent
News 3 days ago
Lin-Manuel Miranda writes new ending for bookstore that could no longer afford its rent

Lin-Manuel Miranda, Drama Book Shop (Credit: Getty Images, Twitter) Lin-Manuel Miranda is not throwing away his shop. Miranda and three of his...

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The Trump Organization sold $35M of real estate in 2018
News 4 days ago
The Trump Organization sold $35M of real estate in 2018

Donald Trump and Starrett City (Credit: Getty Images) The Trump Organization sold close to $35 million in real estate last year, thanks in large...

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Wells Fargo alleges Related Companies’ SoFla project gave misleading information to appraiser tied to $150M loan
News 4 days ago
Wells Fargo alleges Related Companies’ SoFla project gave misleading information to appraiser tied to $150M loan

Wells Fargo CEO Tim Sloan and a rendering of CityPlace (Credit: Getty Images) The long-running dispute between Related Companies’ CityPlace in West...

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Beverly Hills broker appealing ban from brokerage industry
News 4 days ago
Beverly Hills broker appealing ban from brokerage industry

Trevor Michael Saliba (Credit: iStock) The former chairman and majority owner of a Beverly Hills investment banking and brokerage firm will...

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Tishman Speyer selling Playa Vista office portfolio for $600M plus: sources
News 4 days ago
Tishman Speyer selling Playa Vista office portfolio for $600M plus: sources

Tishman Speyer CEO Rob Speyer and renderings of Brickyard & Collective campuses (Credit: Tishman Speyer) Tishman Speyer has gone on a selling spree...

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On the block: Jennifer Lopez, Alex Rodriguez ask $17.5M for 432 Park pad
News 4 days ago
On the block: Jennifer Lopez, Alex Rodriguez ask $17.5M for 432 Park pad

Jennifer Lopez, Alex Rodriguez and 432 Park (Credit: Getty Images) Well, that was fast. Less than a year after buying a pad at 432 Park Avenue, pop...

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R. Kelly evicted from Near West Side recording studio that doubled as residence
News 4 days ago
R. Kelly evicted from Near West Side recording studio that doubled as residence

R. Kelly and 219 North Justine Street Singer R. Kelly was evicted from a Near West Side industrial building that he used for a recording studio and...

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Century West looks to cash in with 310-unit resi project near Monrovia’s Gold Line station
News 4 days ago
Century West looks to cash in with 310-unit resi project near Monrovia’s Gold Line station

Century West Partners Principal Michael Sorochinsky and a rendering of the firm’s planned project in Monrovia (Credit: Century West Partners)...

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California to withhold funding from cities that skimp on housing construction: Newsom
News 5 days ago
California to withhold funding from cities that skimp on housing construction: Newsom

Gavin Newsom gives his inaugural address on Monday, 1/7 If the timing is any indicator, California’s housing crisis will be one of the top...

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