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Month: April 2018

Harridge will now incorporate landmarked building into Crossroads of the World project

Rendering of Crossroads Hollywood (Crossroads of the World) Harridge Development Group now says it will incorporate the newly landmarked Hollywood Reporter building into its Crossroads of the World megaproject. The new decision comes ...

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  • 19 Apr
  • The Real Deal
  • Uncategorized
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California’s cannabiz: Why the pot industry is struggling to lock down office space

 As recreational marijuana laws materialize in California, the pot industry is preparing for its boom by scooping up office space. But unlike traditional companies, those in the legal cannabis sector are finding it more challenging to ...

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  • 19 Apr
  • The Real Deal
  • Uncategorized
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Industrial vacancies nationwide hit all-time low: report

Warehouse (Credit: Wikimedia Commons) Industrial vacancy hit an all-time low across the U.S., as rent growth outpaced other commercial real estate sectors. The vacancy rate hit 7.3 percent last year down from 8.1 percent in 2016, ...

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  • 19 Apr
  • The Real Deal
  • Uncategorized
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Mobster Al Capone’s former Miami Beach mansion asks $15M

93 Palm Avenue and Al Capone (Credit: EWM Realty International, Wikimedia Commons) What would Big Al think? The former home of the late Al Capone just hit the market for $14.9 million. The Prohibition-era gangster bought the home in ...

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  • 19 Apr
  • The Real Deal
  • Uncategorized
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LA committee votes to fast-track Elon Musk’s transit tunnel

Concept art for Musk’s super-fast tunnel (Credit: The Boring Company) A Los Angeles City Council committee and Elon Musk are moving at the same speed. The city council’s Public Works and Gang Reduction Committee voted to fast track a ...

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  • 19 Apr
  • The Real Deal
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Mark Wahlberg’s former home sells for $12M; less than half original ask

Mark Wahlberg and his former home (Credit: Coldwell Banker, Wikimedia Commons) Not even celebrity pedigree could help this house sell at its sticker price. The former home of actor Mark Wahlberg sold for $12.4 million, the Los Angeles ...

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  • 19 Apr
  • The Real Deal
  • Uncategorized
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Brookfield partners with CalPERS and CBRE on GGP acquisition

685 Fifth Avenue, Ric Clark and Marcie Frost Brookfield Property Partners brought on some big-name partners to help fund its acquisition of General Growth Properties. A CBRE subsidiary, the California Public Employee Retirement System ...

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  • 18 Apr
  • The Real Deal
  • Uncategorized
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Startup that allows agents to sell leads they don’t want raises $12M in funding round

Agentology’s David Tal A real estate tech firm that sifts through agents’ online leads and lets them sell listings they don’t want just raised $12 million in a funding round. Startup company Agentology provides a “rapid response” ...

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  • 18 Apr
  • The Real Deal
  • Uncategorized
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Bringing down the (open) house: Cops play spoilsport at Makowsky’s megamanse

Rayni and Branden Williams and the house (Credit: Pixabay, Wikimedia Commons) What happens when you mix a mansion asking $188 million, a brokers’ preview and social media? In Bel-Air at least, that’s a recipe for a police-led shutdown. ...

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  • 18 Apr
  • The Real Deal
  • Uncategorized
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Subscribe to TRD’s China Watch newsletter

As you’ve learned from The Real Deal’s reporting, Chinese players have been pulling out of the U.S. property market amid a government crackdown on capital flight. The news and views on what’s happening change constantly, so TRD ...

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  • 18 Apr
  • The Real Deal
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