Month: February 2018

Aspen Saint Regis Hotel (Credit: Wikimedia Commons) Elevated Returns’ St. Regis Aspen Resort hotel is set to become the first single-asset real estate investment trust traded on a U.S. stock exchange. Called Aspen REIT, it was given approval last month from the Securities and Exchange Commission. Elevated Returns plans an initial public offering later this…

Clockwise from top: Rexford’s Rancho Dominguez industrial park, Clarion Partners’ Brickyard development in Compton, LBA’s 4440 E. 26th St. in Vernon, and King Harald of Norway. Norges Bank, which manages Norway’s sovereign wealth fund, also made the list.  Los Angeles County’s top owners of industrial space collectively hold 230 properties worth $8.5 billion. The total comprises…

Amy Rosenthal and Robert Klein From TRD New York: In many ways, the new federal tax law is a major boon to the real estate industry. But several issues — including some surrounding the deep deductions awarded to pass-through entities — remain ambiguous. For one, it’s unclear how the 20 percent deductions on pass-through incomes…

(Credit: Wikimedia Commons, Pixabay) Residential construction in Los Angeles continues to rise to meet intensifying demand, including a recent surge in single-family homebuilding and duplex construction. An analysis by The Real Deal of permits issued by the Los Angeles Department of Building and Safety over the last five years shows the dramatic increase in home…

Leslie Wexner (Credit: Forbes, Wikimedia Commons) Weak holiday sales and declining same-store sales may be a warning sign for some retailers to cut back and reduce their physical footprints. But L Brands CEO Leslie Wexner is focusing on brick and mortar, so much so that the company, which owns Victoria Secret, has added stores over…

Rich Sarkis, John Catsimatidis, Mike Krupka and a screenshot of the Reonomy platform Real estate research and data startup Reonomy raised $16 million in its latest funding round, about three years after last raising venture capital. The company, founded in 2013, has now picked up just under $40 million from investors, making it one of…

6420 Wilshire Boulevard (Credit: Google Maps) Advertising agency Stun is expanding, moving into new headquarters at 6420 Wilshire Boulevard and opening a soundstage in Culver City. The Culver City location has been attracting a number of creative content and tech firms in recent months, including Apple and Amazon. Stun’s 5,000-square-foot soundstage space is adjacent to…

Nick Jones, the founder of Soho House, in the club’s new Barcelona location Soho House, which built its brand on exclusivity, could soon become a public company. The club is considering a $2 billion initial public offering, although this valuation seems extremely pricey, given the indebtedness of the firm and its goal of putting a…

Interior of Westside Pavilion with HPP’s Victor Coleman and Macerich’s Art Coppola (Westsidepavilion) Hudson Pacific Properties is in advanced discussions to buy the Westside Pavilion shopping center in West Los Angeles, The Real Deal has learned. Macerich Co. owns the struggling Westside Pavilion, a 755,000-square-foot mall at 10800 W. Pico Boulevard. It intends to stay…

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…