Month: December 2017

Ellen DeGeneres and Beverly West @ 1200 Club View Dr(Credit: Wikimedia Commons, Google Maps) Well-known home-flipper Ellen DeGeneres and her wife, actress Portia de Rossi, found a buyer for the second of two condo units the pair purchased at Westwood’s Beverly West apartment The couple sold their unit for $5.85 million, considerably lower than the…

David Parnes and James Harris In this week’s episode of “Million Dollar Listing Los Angeles,” our fearless band of brokers learn the valuable lesson of persistence. David and James try to get in the door at Ten Thousand, a recently completed rental tower where exclusive brokers aren’t invited. Madison scrambles to find a rental on…

(Credit: Wikimedia Commons) Downtown Los Angeles developer Morad “Ben” Neman pleaded guilty to federal charges for conspiring to use his Fashion District textile company to launder hundreds of thousands of dollars in purported drug money, authorities said. Neman, 57, owner of Neman Real Estate, and his brother Hersel, 58, face up to 21 and 28…

Disney Channel Building (part of Burbank Media District deal) and the SunAmerica Center (largest single asset deal) (Credit: Wikimedia Commons) In a year when Los Angeles’ largest investment sales ran the gamut from industrial to residential to retail, Class A trophy office buys dominated the top 10 deals among hundreds of transactions in and around the city.…

Clockwise from top left: cryptocurrencies, First Republic’s Michael Roffler, The Blackstone Group’s Jonathan Gray, Miami, Los Angeles and New York City skylines. From TRD New York: The real estate cryptocurrencies you can buy right now (or soon) Don’t get bummed about Bitcoin’s bubble. Buck up and buy another cryptocurrency … if you dare. TRD researched the…

Screenshots from Realtor magazine’s annual franchise report From TRD New York: Thinking of flying Warren Buffett’s flag to boost the profile of your bootstrapped brokerage? It’ll run you $25,000. That’s how much it costs to become a franchisee of Berkshire Hathaway HomeServices, the conglomerate’s real estate franchise network of over 1,200 offices across the U.S. Earlier…

Renderings of 949 S. Hope Street (Solomon Cordwell Buenz) Forest City Realty Trust is planning a glassy 27-story residential tower across from Grand Hope Park in South Park. The developer will bring plans for the tower at 949 South Hope Street to the Downtown Los Angeles Neighborhood Council’s Planning and Use Committee in January, according…

Mike Arnold, Neil Shekhter, Andrew Florence, Ben Bacal, Robert Shapiro (Credit: Pixabay, Public Domain Pictures) The year proved to be a tough one for many in Tinseltown, as it was filled a series of sexual harassment scandals that brought down many men in power (not to mention the devastating wildfires). The world of real estate…

These are six real estate cryptocurrencies investors can scoop up in 2018 From TRD New York: If you’re feeling down about not buying Bitcoin in saner times, we’re here to let you know that it’s not too late to get in on the alternative currency boom. There are hundreds of cryptocurrencies out there that can be…

Miami, Los Angeles and New York City skylines (Credit: Wikimedia Commons) The value of the nation’s housing stock grew by 6.5 percent to $31.8 trillion this year — with Los Angeles and New York City far outpacing the rest of the country’s top-valued metro markets and Miami landing at No. 4. The Los Angeles market’s…