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Month: March 2018

Will CBS start an exodus of old-line film studios from Hollywood?

Television City and CBS Chairman Les Moonves Is it the end of Hollywood’s love affair with, well, Hollywood? Selling pricey Los Angeles real estate may be a lucrative option for old-line film studios trying to cut costs. Their ...

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  • 12 Mar
  • The Real Deal
  • Uncategorized
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Going up: Elevator technology is reaching new heights in skyscrapers across the globe

 During the next two years alone, 187 skyscrapers are expected to pop up across the globe — each of which will rise 820 feet in the air. As developers look to build taller and taller, some elevator companies are exploring ways to ...

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  • 12 Mar
  • The Real Deal
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US ambassador Carla Sands lists Bel Air mansion for $37M

U.S. Ambassador to Denmark and Vintage Capital Group executive Carla Sands A U.S. ambassador and major donor to Donald Trump’s presidential campaign has listed her sprawling estate in Bel Air, seeking a cool $37 million. U.S. ...

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  • 12 Mar
  • The Real Deal
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Is LA’s big plan for more affordable housing development just a mirage?

(Credit: Wikimedia Commons, Pixabay) Six months after Los Angeles began a major effort to boost affordable housing by offering incentives to private developers, the proposals have poured in. So far, developers have submitted to the ...

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  • 12 Mar
  • The Real Deal
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Lightstone Group’s 1,150-key hotel project gets preliminary green light

Renderings of Fig + Pico (Credit: LADCP, lightstonegroup) Lightstone Group has cleared another hurdle as it sets out to build “Fig + Pico,” a large mixed-use project slated across the street from the Los Angeles Convention Center. The ...

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  • 12 Mar
  • The Real Deal
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Wynn Resorts secures $800M line of credit to help pay $2.6B settlement

Steve Wynn (Credit: Getty Images) Wynn Resorts has secured an $800 million line to credit to pay for a multibillion-dollar settlement regarding one of its founders. The company, which is undergoing a leadership shakeup due to a ...

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  • 12 Mar
  • The Real Deal
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Nun dies during court hearing over her convent’s disputed sale to Katy Perry

From left: Sister Catherine Rose Holzman, Katy Perry. (Credit: Sisters of The Immaculate Heart’s documentary, Our Story; Eva Rinaldi) A nun involved in a legal dispute with Katy Perry over the sale of her convent to the pop star ...

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  • 10 Mar
  • The Real Deal
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This week in celeb real estate: 3 heirs to fortunes bet big on L.A.’s luxury market…plus Mike Myers

From left: Ellen Bronfman, and Bel Air neighborhood, with Evan Metroupolos, and Sierra Tower In the most unique of luxury listing, Evan Metropoulos has put his stripped penthouse atop the Sierra Tower in West Hollywood on the market ...

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  • 10 Mar
  • The Real Deal
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Taxpayers get good news on HELOCs

It’s official: Despite widespread fears to the contrary, the IRS has clarified that last year’s big tax bill did not kill all interest deductions on home equity lines of credit (HELOCs) and equity loans. In a policy statement, the IRS ...

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  • 10 Mar
  • The Real Deal
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Home flips are back with a vengeance

Homes in Boulder, CO Flipping houses was more popular in the U.S. last year than at any point since the now infamous real estate bubble of the 2000s. A report from Attom Data Solutions found that investors flipped more than 207,000 ...

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  • 09 Mar
  • The Real Deal
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