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Month: January 2018

South LA Commission imposes stringent rules on oil drilling site

The site on Jefferson Boulevard (Credit: GoogleMaps) This wall will be built. The South Los Angeles Planning Commission will require a private energy company to build a 45-foot enclosure around its oil production and drilling ...

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  • 17 Jan
  • The Real Deal
  • Uncategorized
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Grindr founder Joel Simkhai spends $10.5M in Outpost Estates

Joel Simkhai and the home at La Presa Drive (Twitter, Sweeping View Estate) One might say Joel Simkhai is zero feet away from his next residence. The founder of Grindr paid $10.5 million for an 8,100-square-foot home at La Presa Drive ...

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  • 17 Jan
  • The Real Deal
  • Uncategorized
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Simon and Starbucks settle suit over Teavana closings

Teavana (Credit: Phillip Pessar/Flickr) From TRD Miami: Shopping mall giant Simon Property Group and Starbucks Corp. have settled a lawsuit Simon filed last year, aimed at preventing Starbucks’ closure of dozens of Teavana stores in ...

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  • 17 Jan
  • The Real Deal
  • Uncategorized
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US homebuilder confidence drops slightly from 18-year high

(Credit: Pexels) Though homebuilder confidence dropped slightly this month, it still reached the second-highest level seen since 2005. According to the National Association of Home Builders/Wells Fargo, confidence in the U.S. market ...

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  • 17 Jan
  • The Real Deal
  • Uncategorized
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After Xceligent bites the dust, CoStar announces Kansas City deal

Andrew Florance, Doug Curry and Kansas City From TRD NYC: Weeks after Xceligent declared bankruptcy and folded, the data company’s main rival and chief legal antagonist CoStar Group planted a flag in its hometown of Kansas City, ...

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  • 17 Jan
  • The Real Deal
  • Uncategorized
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Apple taking big bite out of Culver City: sources

Rendering of project at 8777 Washington, with Apple logo (Wikimedia Commons) Apple is moving into Culver City. The technology giant has agreed to lease the entirety of Lincoln Property Co.’s 128,000-square-foot building at 8777 ...

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  • 17 Jan
  • The Real Deal
  • Uncategorized
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Zillow sued for concealing Zestimates

Zillow is being sued in New Jersey for allegedly concealing its controversial Zestimate figures on residential listings at the request of brokerages that have “contracts” with the online real estate information site. The plaintiff in ...

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  • 17 Jan
  • The Real Deal
  • Uncategorized
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“The Dark Knight” producer Thomas Tull lists $85M compound in Thousand Oaks

Thomas Tull and his 33-acre compound(Credit: RedFin, Wikimedia Commons) Legendary Entertainment founder Thomas Tull and his wife, Alba Tull, have put their sprawling 33-acre compound in Thousand Oaks on the market for $85 million. The ...

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  • 17 Jan
  • The Real Deal
  • Uncategorized
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Whoopi Goldberg lists Pacific Palisades home for $8.8M

Whoopi Goldberg and the home (Credit: Mossler Properties, Wikipedia) Acclaimed actress Whoopi Goldberg has listed her longtime home in the Riviera section of Pacific Palisades for $8.8 million. Goldberg bought the pink Art Deco/Moderne ...

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  • 16 Jan
  • The Real Deal
  • Uncategorized
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What’s the story behind the world’s most expensive home?

From TRD NYC: When Chateau Louis XIV, an ostentatious 17th-century-styled French palace on the outskirts of Paris, sold for $300 million in 2015, it was widely believed to be the most expensive home sale in modern history. The chateau ...

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  • 16 Jan
  • The Real Deal
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