Month: February 2018

H&M CEO Karl-Johan Persson with the Cal Edison building (Credit: H&M Group, The Cal Edison) H&M Innovation Labs, which studies market insights and trends for the clothing brand, has inked a deal for 4,500 square feet in the iconic CalEdison building in Downtown Los Angeles, The Real Deal has learned. Sources say the building at…

“Trump U: The Inside Story of Trump University,” Stephen Gilpin and Donald Trump (Credit: OR Books) From TRD New York:  When self-described real estate expert Stephen Gilpin first arrived in Manhattan, he was a Quaalude-popping blue jeans model. To make ends meet, he attended house parties of the wealthy, a handsome face for hire. It was…

CBRE President & Chief Executive Officer Bob Sulentic (Credit: CBRE, Pixabay) CBRE’s commercial brokerage unit took the top spot with more commercial deals nationwide than any other brokerage in 2017, beating out perennial frontrunner Eastdil Secured. The number of larger deals declined last year, — those deals are Eastdil’s specialty — allowing CBRE to overtake…

Stephen Plavin Blackstone Mortgage Trust grew its loan portfolio by 16 percent to a record $11.1 billion amid strong lending in 2017. The mortgage real estate investment trust issued $1.2 billion in new loans in the fourth quarter and $4.8 billion over the entire year — up 37 percent from 2016. The growth comes amid…

Jaime Lee, CEO of Jamison Realty and project Abbey In 2013, Jamison Services had to decide what to do with an aging office building on the edge of Koreatown, where the anchor tenant was moving out. The real estate firm, which had built its business on acquiring commercial properties, could rehabilitate the property in the…

Miami, NYC, and Los Angeles skylines (Credit: Max Pixel, Pixabay) Multifamily and commercial construction slowed in most major U.S. metro areas last year, according to a new report. Major declines in funding for new construction starts were registered in cities like New York, Miami and Los Angeles. The report by Dodge Data & Analytics tracked…

Rendering of Miami Worldcenter with Jeff Bezos and Nitin Motwani (Credit: Getty Images) Amid the cacophony of cranes and construction crews at the 27-acre Miami Worldcenter in Overtown sits a swath of land, untouched. These are the 10 acres set aside for the holy grail of tenants, Amazon, which last month announced that Miami would…

Vintage postcard of Cary Grant’s former home in Santa Monica (LMU)   A five-bedroom Santa Monica beach house with an impressive pedigree of former residents, most notably Hollywood legend Cary Grant, is on the market for $12 million. The home on Palisades Beach Road sits on an 11,500 square foot compound a little more than…

Single family homes From TRD New York: Fannie Mae is planning to sell off more than $1 billion worth of loans that are not performing. The sale includes three larger pools of loans and two Community Impact Pools, which are generally smaller, focused on geography and geared toward smaller investors, according to HousingWire. The three…

Waters Edge Campus in Playa Vista with Tyson Skillings of Rockwood (Credit: Rockwood Capital, Waters Edge) The top 10 investment sales deals in Los Angeles County in January totaled $753 million, according to figures compiled by Real Capital Analytics. That’s down from $803.8 million in December 2017. The bulk of that consisted of office properties,…