Month: February 2018

(Credit: Pexels) El Segundo-based startup Aperture Real Estate Ventures plans to launch a real estate-backed cryptocurrency by the end of February. The company said it will give investors an “opportunity to own a professionally managed portfolio of real estate assets via the blockchain.” When an investor buys Aperture’s so-called Property Coin, the person is buying…

The Real Deal is excited about the launch of our new quarterly event series, kicking off with our Westside Spotlight Showcase & Forum March 7 at The Water Garden in Santa Monica. Real estate’s biggest local players will explore the Westside market in two panels, one taking a holistic look at development in the area…

Tyler Perry and his estate, Rachel Hunter and her estate (Credit: IMDB, Coldwell Banker, Wikimedia Commons) Tyler Perry sure hopes so. The Hollywood actor-director is seeking to sell his Beverly Hills Post Office estate for nearly $17 million, only six months after purchasing. He bought the property from billionaire Alfred E. Mann last year for…

The new year has gone from bad to worse for real estate investment trust investors, as share prices fell amid global market volatility this week. As of midday Friday, Vornado Realty Trust’s stock was down 4.3 percent since the beginning of the week. Boston Properties was down 4 percent, Equity Residential down 6.2 percent and…

321 East 2nd Street (Credit: Charles Dunn Company) A joint venture acquired a 10-story office building in Little Toyko for $18 million, in a neighborhood that has seen a recent flurry of construction and sales activity. The buyers, both identified as Delaware-based LLCs are listed as: Gramercy 321 East Second, and CS 321 East 2nd…

1800 N. Highland and Behzad Souferian The Souferian Group is seeking a buyer for a 92,000-square-foot office property at 1800 N. Highland in Hollywood, the company founder, Behzad Souferian, confirmed. Souferian acquired the building in 2015 for $45 million or $530 per square foot, Real Capital Analytics show. The seller was CIM Group. The seven-story…

The Rosenheim Mansion (Credit: Wikipedia) What a nightmare. The owners of the “American Horror Story” house in Olympic Park have sued the brokers who negotiated the $3.2 million deal and the former owner for failing to disclose its connection to the FX show. Since the couple purchased the home in 2015, it has become a…

Zillow CEO Spencer Rascoff (Credit: Pixabay, Wikimedia Commons, Twitter) From TRD New York: Listings giant Zillow Group generated more than $1 billion in 2017 revenue — cracking the billion-dollar mark for the first time. Boosted by agent advertising dollars, Zillow said last year’s revenue jumped 27 percent to $1.077 billion. Revenue from Premier Agent —…

Chen Feng and 245 Park Avenue HNA Group will put $4 billion in U.S. properties on the market, including 245 Park Avenue, the Manhattan office tower it paid $2.2 billion for just last year. The Chinese conglomerate is looking to address its mounting debt by liquidating the holdings, Bloomberg reported. HNA has begun relying on…