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Month: February 2018

Blackstone promotes Jonathan Gray, taps his top deputies to head real estate division

From left: Jonathan Gray, Kenneth Caplan and Kathleen McCarthy The Blackstone Group named Kathleen McCarthy and Kenneth Caplan co-heads of its real estate division, the company announced Tuesday. The two are replacing Jonathan Gray, ...

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  • 13 Feb
  • The Real Deal
  • Uncategorized
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Gestalt Group broker team to lead Engel & Volkers in Beverly Hills

Paul Benson and Dougan Jones (Credit: Engel&Volkers) A two-man broker franchise team is moving from the slopes to Southern California. Paul Benson and Dougan Jones of Engel & Volkers’ Park City, Utah, office will be leading ...

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  • 13 Feb
  • The Real Deal
  • Uncategorized
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Russian oligarch denies money laundering allegations in estate deal with Trump

Dmitry Rybolovlev and the 6.3-acre Maison de L’Amitie (Credit: Wikimedia Commons) This investigation involves Donald Trump and Russia but has nothing to do with the 2016 presidential election. A Russian billionaire who purchased an ...

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  • 13 Feb
  • The Real Deal
  • Uncategorized
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Inside Compass’ recruiting machine

(Illustration by Lexi Pilgrim for The Real Deal) UPDATED, Feb. 13, 9:38 a.m.: Residential brokerages in New York woke up on Dec. 7 with 450 million new reasons to fear Compass. Softbank’s cash infusion in that amount accelerated the ...

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  • 13 Feb
  • The Real Deal
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Future route of Metro light rail may guide future development

Map of potential alignments (Metro via Urbanize) In recent months, city developers have been turning to public transportation to help guide future projects under the new transit-oriented communities plan. Now, a Los Angeles ...

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  • 13 Feb
  • The Real Deal
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Family feuds in court over Beverly Hills-based Unilev real estate empire

Unilev at 9250 Wilshire Boulevard An ugly family feud over control of a Beverly Hills-based real estate investment and management empire has pitted the co-founder’s widow against his own brother. The widow of Danny Levy, co-founder of ...

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  • 13 Feb
  • The Real Deal
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Magellan unloads Commerce storage center for $36M

Property at 5415 E Olympic Boulevard with Barry Hoeven Magellan Group is unloading in Commerce. The real estate investment and development company sold its 144,000-square-foot building there to U.S. Storage Center for $36 million. The ...

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  • 12 Feb
  • The Real Deal
  • Uncategorized
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Paydirt: Google’s search party, Zillow cracks $1B & other industry news you need to start your week

Google has gobbled up New York real estate at a tremendous pace, as both a tenant and an owner “Betting on $2 Billion Sale: Will the Market Blanch?” read the New York Times headline. It was September 2010, and Taconic Investment ...

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  • 12 Feb
  • The Real Deal
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Trump White House proposes even deeper cuts to HUD

President Donald Trump and Ben Carson The White House Office of Management and Budget released its 2019 federal budget proposal on Monday, calling for an 18.3 percent reduction in funding for the Department of Housing and Urban ...

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  • 12 Feb
  • The Real Deal
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China’s 13-year housing rally may soon be coming to an end

Beijing and Xi Jinping (Credit: Foreign and Commonwealth Office via Flickr) Chinese property stocks took a hit last week, not just because of the global sell-off, but amid concerns that the 13-year-long housing rally may begin to ...

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  • 12 Feb
  • The Real Deal
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