Month: May 2018

Mitch Julis and his new home in Beverly Hills (Credit: MLS) What’s a hedge fund founder to do after renting out his Malibu beach house for $6 million? Maybe put the money toward a mansion in Beverly Hills? That’s exactly what Mitch Julis, co-founder of Canyon Capital Advisors, just did, according to the blog Yolanda’s…

The MetLife campus in Bridgewater, New Jersey, was part of the biggest portfolio sale of the last 12 months. Sales of retail properties may be down compared to last year, but executives at the country’s top brokerages remained characteristically upbeat, confident that opportunities are out there for the right types of properties — and for…

Space 15 Twenty with Artisan Realty Advisor executives Mark Laderman and Collin Komae There’s more than just clothes trading at an outdoor retail complex in Hollywood. Artisan Realty Advisors, a Santa Monica-based real estate investment firm, spent $61 million for the 40,000-square-foot Space 15 Twenty complex. The deal was announced Thursday. The sellers were the…

Marcela Sapone and Jessica Beck of Hello Alfred Hello Alfred, an in-home assistant and property management startup, raised $40 million in a Series B funding round, the company announced Thursday. Real estate companies DivcoWest and Invesco led the round, which also included New Enterprise Associates and Spark Capital. The firm plans to use the new…

Wu Xiaohui (Credit: Getty Images and Carles Rabada on Unsplash) Wu Xiaohui is not going down without a fight. The former chairman of insurance giant Anbang Group, which had a spectacular rise and equally dramatic fall as New York real estate’s flashiest buyer, is reportedly appealing his conviction on charges that he was behind a…

Bob Sulentic, president and CEO of CBRE Group and the Bloc The asset management arm of commercial brokerage CBRE has won the bid to become the manager of the Bloc, following an exit from developer Ratkovich Co. in April, The Real Deal has learned. National Real Estate Advisors, now majority owner of the massive mixed-use…

Tadashi Yanai, CEO of Uniqlo’s parent company Fast Retailing, and the Bloc Just as Ratkovich exits Uniqlo enters. The Japanese fashion company has signed a lease for a two-story flagship store at The Bloc mixed-use development Downtown. The deal, first reported by DTLA Rising, comes two months after Ratkovich Company’s decision to sell its stake…

It’s been called the “e-pocalypse”: the closing of so many brick-and-mortar stores because customers would rather get what they need with a click. But not every retailer seems to be swept up in the destruction. Discount retailers, which sell everything from spaghetti sauce and shampoo to sweatshirts — sometimes for as little as $1 —…

Click here to buy tickets Get tickets now for The Real Deal’s DTLA Spotlight Showcase & Forum at One California Plaza on Wednesday, June 13 from 1:00 to 6:00 p.m. LA real estate’s top players will take a deep dive into DTLA development across both the commercial and residential sectors in the first panel, and…

Brett White, 1290 Sixth Avenue and Chicago office at 225 West Wacker Drive (Credit: Wikipedia Commons and 225 West Wacker) Cushman & Wakefield is gearing up to file for an initial public offering with the U.S. Securities and Exchange Commission sometime in June, sources told The Real Deal. The global commercial brokerage has seriously considered…