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Month: March 2018

Barrack’s Colony NorthStar reports rocky end to 2017

Thomas Barrack (Credit: Getty Images, Pixabay) It’s been a bumpy road for Colony NorthStar. The real estate investment and management firm reported a net fourth-quarter loss of $368.1 million and 2017 net losses of $333.1 million. In a ...

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  • 01 Mar
  • The Real Deal
  • Uncategorized
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Beverly Hills compound with Saudi royal pedigree lists for $110M

The former home of the late Prince Saud al-Faisal in Beverly Hills A massive Beverly Hill estate most recently owned by a late Saudi prince and diplomat has hit the market. The asking price: $110 million. The labyrinthine main house ...

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  • 01 Mar
  • The Real Deal
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Kushner Cos. scored big loans after lenders met with Jared at the White House: report

The White House, Dumbo Heights, Apollo’s Joshua Harris, Citigroup’s Michael Corbat and Jared Kushner (Credit: Dumbo Heights, Getty Images and Citigroup) Kushner Companies received more than $500 million in loans last year from lenders ...

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  • 01 Mar
  • The Real Deal
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Bitcoin makes inroads in LA’s residential real estate market

(Credit: iaaxPixel, PxHere) Whoever said cash is king is in for a rude awakening. Bitcoin, the volatile open-source cryptocurrency that has seen staggering growth in recent years, is now becoming an accepted form of payment in real ...

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  • 01 Mar
  • The Real Deal
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Brookfield Asset Management unloads Norwalk Corporate Plaza for $26M

12501 Imperial Highway (Credit: Loopnet) Norwalk Corporate Plaza, a 122,000-square-foot office building in Norwalk, has sold for $26 million, a significant increase from when it last changed hands more than a decade ago. The seller was ...

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  • 01 Mar
  • The Real Deal
  • Uncategorized
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China’s Anbang takeover could prompt national security review

The Waldorf Astoria, Wu Xiaohui and U.S. Treasury Secretary Steven Mnuchin (Credit: Getty Images) Before Anbang Insurance Group bought the Waldorf Astoria Hotel for $1.95 billion in 2014, the Chinese insurer asked Washington, D.C. to ...

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  • 01 Mar
  • The Real Deal
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