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Month: April 2018

Hannity portfolio draws attention to rampant LLC use

Sean Hannity and Uncle Sam (Credit: Getty Images, Public Domain Images, Wikimedia Commons) The revelation that Sean Hannity quietly amassed a significant real estate portfolio has drawn attention to the vehicle that’s become a fixture ...

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  • 30 Apr
  • The Real Deal
  • Uncategorized
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Downtown’s historic King Edward Hotel to become transitional housing

The King Edward Hotel at 121 E. 5th Street A nonprofit housing group has purchased Downtown’s historic King Edward Hotel with plans to convert it to housing for homeless and low-income renters. The Healthy Housing Foundation — a group ...

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  • 30 Apr
  • The Real Deal
  • Uncategorized
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These real estate tech game-changers could transform the way brokers do business

(Illustration by Daniel Nyari) Of all the hats a broker must wear through the course of the job, data scientist is a recent addition. Generating leads through complex algorithms, using microtargeted marketing, and even paying for ...

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  • 30 Apr
  • The Real Deal
  • Uncategorized
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CIM Group’s 47-unit project clears appeal in Santa Monica

A rendering of the 2903 Lincoln Boulevard project The CIM Group can thank the state’s so-called “anti-NIMBY law” for clearing the way for its 47-unit apartment complex in Santa Monica. The Mid Wilshire-based developer used the Housing ...

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  • 30 Apr
  • The Real Deal
  • Uncategorized
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Embattled Woodbridge Group offloads apartment complex in the Valley

Robert Shapiro and the Granada Pointe complex at 11541 Blucher Boulevard The troubled investment firm Woodbridge Group of Companies offloaded a 52-unit apartment complex in the northern San Fernando Valley earlier this month. Van ...

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  • 30 Apr
  • The Real Deal
  • Uncategorized
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Billionaire Steven Udvar-Házy seeks $165M for Beverly Park estate

Steven Udvar-Házy and the property (Credit: William Hablinski, Wikipedia) Hungarian-American billionaire Steven Udvar-Házy and his wife Christine are seeking to sell their sprawling Beverly Park mansion for $165 million, making it the ...

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  • 30 Apr
  • The Real Deal
  • Uncategorized
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This week in celeb real estate: Singer Michael Feinstein asks $26M, “The Great One” buys in the Valley…and more

Wayne Gretzky and Michael Feinstein (Credit: Wikimedia Commons) Michael Feinstein, the singer and writer, is bidding adieu to his longtime mansion in Los Feliz. He and his husband, Terrence Flannery, have put the Tudor Revival-style ...

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  • 28 Apr
  • The Real Deal
  • Uncategorized
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Cali private equity billionaire makes Downtown’s priciest buy at the Getty: sources

The Getty at 501 West 24th Street, Moshe Shuster, Peter Marino and Michael Shvo (Credit: Victor Group, Getty Images and Wikimedia Commons) A billionaire who runs a California-based private equity shop has paid $59 million for a ...

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  • 27 Apr
  • The Real Deal
  • Uncategorized
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Judge upholds LA County’s decision to seize Sassony Group’s “eyesore” land

The land at 8400 Vermont Avenue in South LA (Credit: Google Maps) A Los Angeles Superior Court judge upheld the county’s use of eminent domain on a long-vacant 4-acre plot of land in South L.A., whose owner had grand plans that never ...

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  • 27 Apr
  • The Real Deal
  • Uncategorized
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Tired of the hassle of selling your home? Try this all-cash alternative

It’s the oldest fix-and-flip pitch in American real estate: “We’ll buy your home, guaranteed, no matter what its condition, and we’ll pay you quick cash with no commissions, and close in seven days or less.” You’ve probably encountered ...

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  • 27 Apr
  • The Real Deal
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