Month: June 2018

Marina Acton and Kim Kardashian West with the Bel Air home, Wilt Chamberlain and the home (Credit: Getty Images, Douglas Elliman) The former home of Wilt Chamberlain, a late basketball star, hit the market this week at $19 million. Designed by David Tenneson Rich in partnership with Chamberlain, the 7,200-square-foot Bel Air home features an eye-catching…

Illustration by Paul Kisselev Donald Trump touted his — supposedly — humble start in real estate during his presidential campaign, when he cited the $1 million “small loan” given to him by his father. And while it’s certainly not uncommon for New York’s real estate elite to come from great fortune, some did a bit…

812 Main Street Fogel Real Estate Group has scooped up another property in Venice. Blake Fogel’s Los Angeles commercial real estate firm bought a 21,600-square-foot flex office property at 812 Main Street, according to Real Capital Analytics. The deed records the sale at $30.5 million, which pencils out to $1,412 per square foot, but a…

Clockwise from top left: Kushner Companies ends collaboration with Trump Organization (credit: Getty Images, Extell, and Kushner), Zillow plans to file for public offering (credit: Pixabay), record number of women elected to REIT boards (credit: Pixabay), and RXR Realty fund aims to raise $50 million (pictured: RXR CEO Scott Rechler credit: Getty Images). Listings giant…

Clockwise from the left: Chinese yuan, British pounds, Mexican pesos, and USA (top) (Credit: Japanexperterna.se via Flickr, Pixabay, and PxHere) Foreign investment in U.S. commercial real estate remained strong last year, despite a major pullback from Chinese companies that have been hampered by capital controls its government has imposed. Despite those restrictions, Chinese investors made…

Ryan Kavanaugh and the home (Credit: MLS, Wikimedia Commons) Just a few months after selling a Brentwood home at a loss, Ryan Kavanaugh is hoping for better luck in Malibu. The co-founder of Relativity Media — which is filing for bankruptcy a second time — listed his 5,300-square-foot home in Point Dume for $10.7 million,…

(Credit: Pixabay) As house hunters are increasingly outbid by all-cash buyers, startups are stepping in to level the playing field. FlyHomes and other companies make all-cash offers on homes using a line of credit from a bank while buyers work to secure a mortgage, Bloomberg reported. In exchange, the startup earns a 3 percent commission…

Airbnb CEO Brian Chesky and the Charging Bull (Credit: Sam Valadi via Flickr) Airbnb, privately valued at $31 billion, is planning to debut on Wall Street by late 2020. Company CEO Brian Chesky told employees Thursday that the home-sharing startup before some employee stock grants expire, the Information reported. Employees are growing frustrated that the…

Lena Group co-founders Kevin Napoli and Mark Levy Los Angeles officials approved Lena Group’s sprawling project in the Fashion District, a key step forward for the multi-use complex, which has been in the pipeline for over six years. Dubbed City Market, the project would cover some three city blocks, include up to 948 residential units,…