Month: February 2018

Rendering of the Hilton Tru Hotel (Credit: City of Inglewood) These days, a new hotel slated for construction in Los Angeles is about as surprising as a driverless car. This one, a Hilton Tru Hotel in Inglewood, would be completed just months before the new N.F.L. stadium is scheduled to open its doors. Kruger Development…

Googleplex in Mountain View, California and Katerra’s Michael Marks (Credit: Robbie Shade/Flickr, Katerra) UPDATED, Wednesday, February 28, 2018, 9:56 p.m.: The search engine king is searching for housing. Google is asking several prefab housing startups for proposals for housing it is considering building for its employees. In late December, the city of Mountain View — where…

A rendering of the redeveloped El Segundo property (Credit: Segal Commercial) A large research and development facility is coming to an industrial site in El Segundo, an area that has seen an influx of real estate investment as it attracts an increasing number of tech companies. LIMO Company signed an agreement with Smoky Hollow Industries…

The Altman Brothers (Credit: Getty Images, Wikimedia Commons, Public Domain Files) UPDATED, Wednesday, February 28, 2018, 1:30 p.m.: It was a “Million Dollar Listing” family affair at the Ellies, Douglas Elliman’s annual awards ceremony at the Fashion Island Hotel in Newport Beach. The Altman Brothers team comprised of Josh and Matt Altman, took the brokerage’s top…

729 N. Ogden Drive with Jay Belson, Harley Pasternak, Jessica Pasternak (Credit: Pacific Union, Jay Belson, Harley Pasternak) As a celebrity fitness instructor, Harley Pasternak knows about the importance of core strength. And as a Pacific Union real estate agent, his wife, Jessica Pasternak, knows a lot about quality homes. But in a lawsuit they…

Jack Northrop Ave & Crenshaw Blvd (Credit: Google Maps, PxHere) Houston is a go for launch. The site of a controversial residential project to be located near SpaceX has a new owner, and it is Houston-based Dinerstein Companies. The company, which develops multi-family homes and student housing, acquired the mixed-use project in Hawthorne for $18.2…

Realogy CEO Ryan Schneider (Credit: Jhila Farzaneh for The Real Deal) From TRD New York: Realogy is no longer playing defense. A year after the company vowed to turn itself into a “recruiting machine” to beat back well-capitalized competitors, CEO Ryan Schneider said he’s not impressed by rivals who are spending heavily to match Realogy’s…

Doug Yearley, New York City and Los Angeles Toll Brothers got off to a solid start in fiscal year 2018, with net income, revenues and contract value all up significantly year-over-year in the first quarter, company executives said Tuesday in an earnings call. Net income rose to $132.1 million in the first quarter of fiscal…

Richard Rizika (Credit: Connect Conferences, Pixabay) Richard Rizika, one of CBRE’s top retail brokers for 30 years, has left the company to start his own shop, The Real Deal has learned. Rizika, who was vice chairman of the retail services group, is said to be bringing with him a dozen people, and more could follow,…

Kris Jenner and 11947 Iredell Street (Credit: Redfin, Getty Images) Apparently, no one’s keeping up with the Kardashians in Studio City. Or not enough at least, to want their fake home. The sprawling house, used as the exterior shot for the Kardashian family reality show, is back on the market at the same $7.8 million…