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Month: April 2018

Another home belonging to the late Univision mogul Jerry Perenchio hits market

Jerry Perenchio and the home (Credit: Zillow, Wikimedia Commons) The Malibu home that had belonged to the late media mogul Jerry Perenchio is on the market, asking a smidge under $14 million, The Real Deal has learned. That’s a hefty ...

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  • 04 Apr
  • The Real Deal
  • Uncategorized
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Anbang gets $9.7B bailout

Xi Jinping and the Waldorf Astoria Anbang Insurance Group is getting a $9.7 billion government bailout to prevent it from collapsing. The China Insurance Regulatory Commission said Wednesday that the move is meant to protect ...

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  • 04 Apr
  • The Real Deal
  • Uncategorized
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With foothold in SoCal, packaging firm expands in Cerritos

12765 166th Street in Cerritos A Cerritos packaging company is expanding its operation with a 44,000-square-foot lease next to its headquarters. New-Indy triPAQ signed the lease for 12765 166th Street, part of the Cerritos Industrial ...

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  • 04 Apr
  • The Real Deal
  • Uncategorized
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What’s the ‘hidden’ cost of selling a home?

Home for sale The cost of selling a property can really add up. In Chicago, it adds all the way up to about $18,000 for the average homeowner, Chicago Agent Magazine reported, citing data from Zillow and Thumbtack. The figure, which is ...

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  • 04 Apr
  • The Real Deal
  • Uncategorized
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The Real Deal’s spring issue hits mid-April

Who’s at the top of Southern California luxury market? Check out our rankings of the top luxury brokers in L.A. County in our newest issue out this April. This is a must-read for anyone in real estate in Southern California. Other key ...

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  • 03 Apr
  • The Real Deal
  • Uncategorized
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Firms line up to manage the Bloc mega complex as Ratkovich exits

Wayne Ratkovich, The Bloc (Credit: The Ratkovich Company/Youtube & The Ratkovich Co.) National Real Estate Advisors, now majority owner of the Bloc, has issued a “request for proposals” for a new firm to manage the mega mixed-use ...

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  • 03 Apr
  • The Real Deal
  • Uncategorized
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Kennedy Wilson scoops up another Beverly Hills office property

136 El Camino Drive and Kennedy Wilson executive William J McMorrow Kennedy Wilson is stocking up on its El Camino Drive properties. The real estate investment firm, acting through an entity, paid $34.3 million for the office building ...

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  • 03 Apr
  • The Real Deal
  • Uncategorized
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Blackstone takes out record $1.3B+ refi for Willis Tower

Jonathan Gray and the Willis Tower (Credit: Pixabay and Blackstone) Just a year after Blackstone Group took out a record $1 billion refinancing for the Willis Tower, the firm has taken out an even bigger mortgage on the skyscraper. ...

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  • 03 Apr
  • The Real Deal
  • Uncategorized
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Broker Chris Cortazzo testifies in dual agency transaction case

Chris Cortazzo (Credit: chriscortazzo.com) In November 2016, the California Supreme Court ruled that a real estate brokerage representing the buyer and seller in the same deal has the same fiduciary responsibility to both parties. That ...

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  • 03 Apr
  • The Real Deal
  • Uncategorized
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The anatomy of construction corruption

(Illustration by Chris Koehler) In New York City’s $45.3 billion construction industry, it’s a network of middlemen that choreograph the rise of buildings. From supply companies to electrical workers, developers rely on a consortium of ...

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  • 03 Apr
  • The Real Deal
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