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Month: January 2018

Well-funded competitors are coming for Realogy. Here’s the new CEO’s action plan

Ryan Schneider, CEO & President of Realogy, speaks at Inmam Connect 2018 in New York (Credit: Jhila Farzaneh) From TRD NYC: Realogy is neither a tech company nor a startup. But CEO Ryan Schneider’s vision for the $5.8 billion real ...

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  • 25 Jan
  • The Real Deal
  • Uncategorized
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Prices in the LA luxury-home market are dropping: report

  (Credit: Pexels) It wasn’t all glitz and glam in La La Land last year when it came to luxury-home prices. The median sales price of luxury homes in Los Angeles in the fourth quarter dropped 17 percent compared to the same period in ...

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  • 25 Jan
  • The Real Deal
  • Uncategorized
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Bad Blood: Elliman accuses Taylor Swift entity of stiffing broker on commission

Taylor Swift and 153 Franklin Street (Credit: Getty Images and Town Residential) From TRD NYC: Sorry, the new Taylor can’t come to the phone right now. Why? Probably because her companies are being sued by Douglas Elliman. The pop ...

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  • 25 Jan
  • The Real Deal
  • Uncategorized
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Opendoor raises $135M from Lennar Corp. and Fifth Wall fund for expansion

Co-founder and CEO of OpenDoor Eric Wu, and Lennar CEO Stuart Miller (Credit: LinkedIn, Forbes) From TRD NYC: A San Francisco-based startup that helps people sell their old homes and simultaneously moves into new ones is partnering ...

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  • 25 Jan
  • The Real Deal
  • Uncategorized
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$43M sale of El Segundo warehouse tied to America’s richest doctor

  Patrick Soon-Shiong and 202 N. Nash Street in El Segundo (Credit: Wikimedia Commons, Google Maps) Local apparel manufacturer Dynasty Footwear sold its industrial warehouse at 202 North Nash Street in El Segundo for $43 million, The ...

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  • 25 Jan
  • The Real Deal
  • Uncategorized
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SoftBank deploys $865M into construction startup Katerra

Softbank’s Masayoshi Son and Katerra’s Michael Marks (Credit: Getty Images and Katerra) From TRD NYC: SoftBank’s latest investment in real estate tech comes in the form of an $865 million infusion into Katerra, the one-stop ...

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  • 24 Jan
  • The Real Deal
  • Uncategorized
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The stock market is booming. So why are REIT shares falling?

From TRD NYC: Does no one like real estate investment trusts anymore? While the overall stock market is surging, real estate investment trusts are the odd one out. Last year, the S&P 500 stock index rose by 21.8 percent, but the ...

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  • 24 Jan
  • The Real Deal
  • Uncategorized
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Elliman taps Bill Begert as new COO of the western region

Bill Begert, Stephen Kotler (Credit: Corcoran and Elliman, MaxPixel) There’s another addition to the C-suite at Douglas Elliman. The firm hired Bill Begert — formerly of Corcoran Group — to be the brokerage’s COO for the western ...

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  • 24 Jan
  • The Real Deal
  • Uncategorized
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Toys “R” Us is closing 4 LA County stores

Toys “R” Us Chairman, Dave Brandon, Geoffrey the Giraffe and a closing Toys “R” Us store (Credit: Toys “R” Us and Getty Images) Toys “R” Us plans to close 180 stores as part of the company’s attempt to emerge from Chapter 11 ...

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  • 24 Jan
  • The Real Deal
  • Uncategorized
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After 2.5 years in limbo, Elliman to overhaul sports and entertainment division

Gordon von Broock and Jay Phillip Parker From TRD NYC: Douglas Elliman launched a sports and entertainment division in 2015 to have a dedicated line to the athletes and stars willing to pay top dollar for pricey homes. To head the ...

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  • 24 Jan
  • The Real Deal
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