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Month: February 2018

How bright are smart buildings?

Illustration by Daniel Nyari Every time a tenant enters or exits a Rudin Management-owned property, the building notices. A sensor in a turnstile near the entrance sends a signal to the property’s operating system, dubbed Nantum. The ...

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  • 22 Feb
  • The Real Deal
  • Uncategorized
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Millennials are snapping up homes

(Credit: Getty Images) Calm down, realtors: unlike landlines, napkins and video stores, it looks like buying homes will not die out with the millennial generation. First-time buyers comprised 38 percent of single-family home purchases ...

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  • 22 Feb
  • The Real Deal
  • Uncategorized
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LA will keep adding new housing but prices will continue to rise: report

Los Angeles (Credit: Pixabay, Pexels) Los Angeles can expect slightly more new housing construction in the future, but residents should also expect higher prices. The number of residential permits issued in Los Angeles County is ...

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  • 22 Feb
  • The Real Deal
  • Uncategorized
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Plans revealed for 20-story mixed-use Koreatown tower

A rendering of the MVE+Partners’ design for 3800 W. 6th Street in Koreatown (Credit: Planning LA City, Pxhere) New details of a 20-story mixed-use project slated for Koreatown reveal a condo and hotel development with two floors of ...

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  • 22 Feb
  • The Real Deal
  • Uncategorized
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Day in the Life: Myra Nourmand

Myra Nourmand Myra Nourmand is a principal and agent at Nourmand & Associates, a family-run real estate brokerage founded by her husband, Saeed Nourmand, in 1976. It is now led by their son, Michael Nourmand. The couple has two ...

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  • 22 Feb
  • The Real Deal
  • Uncategorized
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Partying in L.A. just got a whole lot more expensive

Councilmember Ryu with Hollywood Hills homes (Getty/Wikimedia) “No more parties in L.A.” It’s a Kanye West song and now it could be reality. The Los Angeles City Council unanimously approved an ordinance on Thursday that will impose a ...

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  • 22 Feb
  • The Real Deal
  • Uncategorized
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How artificial intelligence is changing real estate investment

Illustration by Daniel Nyari Welcome to the world of AI. Last March, the online asset manager AlphaFlow launched its first so-called automated investment fund for real estate loans. Rather than tapping employees to search for ...

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  • 21 Feb
  • The Real Deal
  • Uncategorized
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Mansion of late Paramount exec Brad Grey listed for $78M

Brad Grey and the Holmby Hills estate (Credit: IMDB, Zillow) The Holmby Hills estate of the late Paramount Pictures boss Brad Grey just hit the market, asking $77.5 million. The couple completed the 12,800-square-foot home less than ...

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  • 21 Feb
  • The Real Deal
  • Uncategorized
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Santa Monica has strict Airbnb laws, but few hosts follow them: report

Santa Monica (Credit: Pexels) A report by the city of Santa Monica details the uphill battle the beachside community must wage against illegal short-term rentals, and the novel methods homeowners and tenants deploy to skirt city taxes ...

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  • 21 Feb
  • The Real Deal
  • Uncategorized
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JPMorgan Chase to tear down Midtown HQ, build massive tower

270 Park Avenue and JPMorgan Chase’s Jamie Dimon JPMorgan Chase plans to tear down its headquarters at 270 Park Avenue and build a new, 70-story office tower in its place. The new building will stand around 1,200 feet tall, compared to ...

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  • 21 Feb
  • The Real Deal
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