Month: June 2018

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 new nationwide data. Prices on multifamily rents ticked up just 2.3 percent in the second quarter year-over-year, the smallest increase since…

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 Bel Air. Marina Acton, a venture capitalist and aspiring singer, has put the home back on…

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 deceptive business practices. The Westside-based company, which represents commercial tenants, says that Corporate Realty Advisors repeatedly made false claims of “beating out”…

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 Wilt Chamberlain, the late Hall of Famer, and designed by David Tenneson Rich, Curbed reported. Spanning just under…

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 quarter net earnings of $310.3 million, or $0.94 per diluted share, far exceeding Wall Street’s expectations of $0.45 per…

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 The Real Deal first reported rumors of a sale. The sales price was not disclosed, but it was…

(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 retailers. Even President Trump notched it as a win. But retail experts question how much the change will really help or…

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 its relationship with Bob Knakal effective immediately,” a company spokesperson told The Real Deal Monday afternoon. Knakal could not be immediately reached for comment,…

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 the making, would change the zoning around five Expo Line stations to allow for taller buildings…

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, moved to the city to attend the City University of New York, and had a monthly…