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Month: May 2018

Solar SoCal: California’s latest mandate could boost costs for consumers, but have little impact at luxe level

Photo illustration: ANR Development home in Hancock Park with solar panels (Credit: Pixabay, ANR Signature) With California set to be the first state in the country to require solar panels on most new homes, developers and homeowners ...

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  • 11 May
  • The Real Deal
  • Uncategorized
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The mogul mecca: Who’s buying at the Four Seasons Residences at The Surf Club?

A rendering of the Four Seasons Residences at The Surf Club, Alan Potamkin, Andrew Rosen, Daniel Nir, Leo Daly III, Charles Jenkins Jr. and Michael Sacks Hedge funders, top retail bosses, wealthy scions and several New York developers ...

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  • 10 May
  • The Real Deal
  • Uncategorized
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Burbank landlord missing in Saudi Arabia, sued for overcharging tenant $4.2 million in rent

2950 N. Hollywood Way and Prince Abdul Aziz bin Fahd In a case rife with Middle Eastern intrigue, a Burbank tenant is suing its landlord in a Los Angeles court for allegedly overcharging it $4.2 million in rent and holding another $4.6 ...

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  • 10 May
  • The Real Deal
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Industrial properties soar to new highs amid tight inventory: report

Industrial site (Credit: PxHere) The feverish industrial investment market reached new highs in the first quarter, as tight supply continued to drive rates up. Sale prices rose to an average of $157 per square foot, up 17.3 percent ...

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  • 10 May
  • The Real Deal
  • Uncategorized
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Got a tip or story idea about US real estate? Let us know!

Alexi Friedman As we expand our award-winning coverage across the U.S., The Real Deal is looking for story ideas and tips about real estate news with national significance. We’re currently in New York, Miami, Los Angeles and Chicago, ...

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  • 10 May
  • The Real Deal
  • Uncategorized
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Edelman signs 5-year lease extension at 5900 Wilshire

5900 Wilshire Boulevard (Credit: Nicolas de Camaret via Flickr) New York-based public relations firm Edelman inked a five-year lease extension at Ratkovich Co.’s 5900 Wilshire Boulevard, according to landlord Ratkovich. The company had ...

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  • 10 May
  • The Real Deal
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Walls are up at Century West’s Koreatown resi project, but subcontractor is still owed money: lawsuit

Century West’s co-founder Michael Sorochinsky, Next on 6th It’s been nearly sixth months since construction wrapped up at Century West Partners’ luxury apartment building in Koreatown. But even with leasing in full force, one ...

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  • 10 May
  • The Real Deal
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Musical Chairs at Metropolis: Agency team takes over Tower 2 sales, leaving Tower 1 to new agent

Renderings of Tower 2 at Metropolis (Credit: Binyan) Amid a long construction cycle, the musical chairs continues at Metropolis. The Agency team selling condos at Greenland USA’s three-tower project in Downtown Los Angeles is now ...

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  • 10 May
  • The Real Deal
  • Uncategorized
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Michael Cohen puts up Park Avenue apartment as collateral against debts

Michael Cohen and Trump Park Avenue at 502 Park Avenue (Credit: Getty Images and CityRealty) Michael Cohen, the longtime attorney to President Trump who now finds himself facing mounting legal issues as federal prosecutors pick through ...

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  • 09 May
  • The Real Deal
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California will require solar power on almost all new homes

Single family home with solar panels (Credit: Wikipedia) California has become the first state in the nation to require solar roofs on most new homes. The requirement is part of new energy-efficiency standards adopted on Wednesday by ...

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  • 09 May
  • The Real Deal
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