Month: June 2018

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 launched a weekly newsletter to keep you in the loop. Delivered every Tuesday morning, China Watch captures all…

City Council Speaker Herb Wesson and the city’s Vermont Avenue site The city will now look into building a temporary homeless shelter on privately-owned lots in Koreatown, following a wave of protest over the preferred site, which would be on public property but along a busier block in the neighborhood. City Council President Herb Wesson…

Rendering with Stuart Rubin & Gary Stiffelman (Credit: RealSpace) A pair of Los Angeles investors are hoping to seize on the growing popularity of the Coachella Valley Music and Arts Festival with a sprawling hotel complex featuring Las Vegas-style amenities. Stuart Rubin, chief executive of real estate investment firm RP Realty Partners, and entertainment lawyer…

138 N. Beaudry Avenue in Westlake LaSalle Investment Management has offloaded a 204-unit multifamily property in Westlake. The Chicago investment management wing of JLL sold the “Canvas LA” property at 138 N. Beaudry to fellow Windy City investor Magnolia Capital for $88.3 million, or around $433,000 per unit. Magnolia secured a $52.1 million mortgage with…

Photo Illustration, Downtown Los Angeles (Getty/Creative Commons) Facing stiff prison sentences for federal crimes, developer Morad “Ben” Neman and his brothers are suing a longtime investment partner, who they say stole from them over a 12-year period. Morad and Hersel Neman, who pleaded guilty in December to federal tax-fraud and money-laundering charges, filed a lawsuit…

Adam Lichtin and the Manhattan Supreme Court at 60 Centre St (Credit: LinkedIn and Wikipedia) A Berkshire Hathaway broker was handcuffed and charged with illegal firearm possession after police found an AR-15 rifle and two shotguns at his apartment, according to a report. Adam Lichtin, who was last year charged with assault and harassment after…

(Credit: Pixabay, Wikimedia Commons) Half of women working in commercial real estate reported experiencing sexual harassment at one point in their career, with most of the incidents going unreported, according to a new survey. The report, published Wednesday by recruitment firm RETS Associates, found within that group of women, 82 percent noted the incident happened…

Jorge Mas, David Beckham and a rendering of the stadium (Credit: Getty Images, Populous) David Beckham’s partner Jorge Mas is presenting a plan for a major mixed-use soccer complex in the city of Miami, and is expected to go public with the proposal at a Miami City Commission meeting next month. Beckham and his partners…

CRA’s Jeffrey Tabor, Stone-Miller’s Craig Miller and Bradley Stone, Jason and Shay Hughes of Hughes Marino, and 355 South Grand Avenue, where CRA’s Los Angeles business is headquartered It turns out Jeffrey Tabor’s Corporate Realty Advisors is fighting lawsuits on two fronts. Stone-Miller, the Westside-based commercial tenant representation firm, filed a defamation suit against rival…

Law firm exec Keith Elkins and Scott Kalt After a failed attempt to sell last year, Bebe Stores Inc. has agreed to unload its headquarters in Century City to a law firm. Elkins Kalt Weintraub Reuben Gartside LLP agreed to pay $28.5 million for the 46,700-square-foot property at 10345 W. Olympic Boulevard, according to the…