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Month: June 2018

Apartment rental prices across US slow after years of steady growth: report

Washington, Dallas, and Seattle skylines (Credit: Pixabay, PxHere, Wikimedia Commons) Tenants can rejoice. Landlords? Not so much. Apartment building owners across the country may be seeing the end of record rent growth, according to ...

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  • 27 Jun
  • The Real Deal
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Former KimYe home in Bel Air is back on the market less than a year after trading

Marina Acton and Kim Kardashian West with the Bel Air home (Credit: Getty Images, Douglas Elliman) The Ukrainian entrepreneur who paid $17.8 million for the former home of Kim Kardashian and Kanye West is already calling it quits in ...

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  • 27 Jun
  • The Real Deal
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Stone-Miller sues competing brokerage for trash talking

CRA’s Jeffrey Tabor, Stone-Miller’s Craig Miller and Bradley Stone, and 355 South Grand Avenue, where CRA’s Los Angeles business is headquartered Stone-Miller is suing Corporate Realty Partners for defamation over the firm’s allegedly ...

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  • 26 Jun
  • The Real Deal
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An architectural haven built for Wilt Chamberlain lists for $19M

Wilt Chamberlain and the home (Credit: Wikimedia Commons) A Bel Air home custom-designed for a basketball star hit the market this week at $19 million. Formerly known as “Ursa Major,” the architecturally significant home was built for ...

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  • 26 Jun
  • The Real Deal
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Lennar’s stock jumps as Q2 earnings beat analysts expectations

Stuart Miller and a construction site (Credit: PxHere) Lennar’s stock price rose 5 percent on Tuesday after the Miami-based homebuilder posted better than expected earnings amid a surge in new home sales. The company announced second ...

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  • 26 Jun
  • The Real Deal
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DivcoWest scoops up Beverly Hills office

Property at 331 Maple with DivcoWest CEO Stuart Shiff DivcoWest has planted its flag in the Beverly Hills Media and Entertainment District. The San Francisco-based investor completed the purchase of 331 North Maple Drive, a month after ...

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  • 26 Jun
  • The Real Deal
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Too little too late: Internet sales tax ruling can’t stop brick-and-mortar retail apocalypse

(Credit: Elaine Smith via Flickr, Blue Diamond Gallery) Retail trade groups claimed a big victory for their brick-and-mortar store constituency when the U.S. Supreme Court ruled that states can collect sales tax from internet ...

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  • 26 Jun
  • The Real Deal
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Bob Knakal out at Cushman

Bob Knakal Bob Knakal is out at Cushman & Wakefield. Three-and-a-half years after Cushman acquired Massey Knakal Realty Services, the brokerage severed ties with the investment-sales broker. “Cushman & Wakefield terminated ...

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  • 26 Jun
  • The Real Deal
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New Expo Line plan could add up to 6K housing units by 2035

Expo Line station in Culver City, with City Councilman Mike Bonin (Wikimedia) Los Angeles city officials will explore a new plan Tuesday aimed at tackling the severe housing shortage on the Westside. The plan, which is five years in ...

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  • 26 Jun
  • The Real Deal
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Why a veteran with $3,600-a-month housing stipend struggled to find housing

Alex Donahue (Credit: LinkedIn and Western New York Veterans Housing Coalition) One U.S. Air Force veteran with a $3,600-a-month housing budget had to become homeless before he could find a place to live in the city. Alex Donahue, 31, ...

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  • 25 Jun
  • The Real Deal
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