Month: March 2018

From left: Kyle Giese, Justin Mandile, Adam Rosenfeld, Stephen Kotler (Credit: Wikimedia Commons) The saga of Mercer Vine appears to have come to an end. Adam Rosenfeld and Kyle Giese, co-founders of the shuttered boutique brokerage, have signed on with Douglas Elliman, The Real Deal has learned. A former Mercer top-producer, Justin Mandile, has also…

(Credit: Pixabay) In separate lawsuits, a handful of shell companies that trace to Los Angeles are being sued for creating phony property deeds, posing as the owners of distressed homes. The fabricated deeds were mainly for single-family homes in Southern California, including homes in West Adams/Baldwin Hills, Pacific Palisades and Huntington Beach. The homes ranged…

From left: Adam Neumann, Mary Ann Tighe, John Santora, and Peter Riguardi WeWork is opening its wallet to give office brokers bigger cuts if they fill coworking spaces. The $20 billion startup signed agreements with CBRE, Cushman & Wakefield and JLL in North America, giving their brokers a 20 percent fee on a one-year lease…

The Trump Ocean Club International Hotel in Panama City (Credit: Wikimedia Commons) A week-long legal battle over control of a Trump Organization-run hotel in Panama that included physical altercations has come to a dramatic end. On Monday, armed Panamanian police escorted Trump Organization management out of the establishment, seemingly for good. A Panamanian government official,…

Jamison’s Maya building at 535 South Kingsley Drive Jamison Properties just crossed a milestone. The Koreatown developer just completed its first ground-up construction project on its home turf. It is the first of four the company plans to complete this year in Los Angeles. The 72-unit market rate project at 535 South Kingsley Drive, called the…

Seattle at dusk. (Credit from bottom: Cacophony, Mike Mozart) Buildings in Seattle, Los Angeles and New York are getting their close-ups on the big screen, but whether starring roles translate into real-life results is still up for debate. Take the 31-story Escala tower in downtown Seattle, which is featured in the “Fifty Shades of Grey”…

Simon Fuller and his former Beverly Hills home, Mariah Carey and the mansion (Credit: Zillow, IMDB, Wikipedia) The estate once home to “American Idol” creator Simon Fuller hit the market this week, asking a hefty $20 million. The Beverly Hills compound, featuring a few upgrades and renovations, spans 8,000 square feet spread across three stories.…

Los Angeles Mayor Eric Garcetti (Credit: Wikimedia Commons, Pixabay) Los Angeles Mayor Eric Garcetti came out against a state bill that would encourage more housing construction within a half-mile of major transit lines, saying the legislation doesn’t do enough to protect residents of existing affordable housing. The bill, SB 827, is meant to address the state’s…

Peter Hennessy From TRD New York: Top Cushman & Wakefield executive Peter Hennessy was fired on Thursday. It wasn’t immediately clear why. “At Cushman & Wakefield, we believe in working collaboratively, displaying high ethical behavior and treating fellow employees and clients with the utmost respect,” the brokerage’s tri-state president John Santora wrote in a memo…

From left: Mitchell Hernandez, CBRE Exec Bob Sulentic and Richard Rizika (Credit: Wikimedia Commons) CBRE filed a lawsuit in federal court alleging that Richard Rizika, a former vice chairman, stole proprietary information and trade secrets from the brokerage before leaving to launch his own competing firm. After three decades at CBRE, Rizika, a top producer,…