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Month: June 2018

Developer seeks TOC incentives for Koreatown multifamily project

Berendo Apartments The stream of apartment developers in Koreatown exploiting the Transit Oriented Communities program has yet to let up. The latest project involves an individual named Miran Byun, who has filed plans to build a ...

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  • 22 Jun
  • The Real Deal
  • Uncategorized
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EB-5 investment firm fires back at former business partner over profits spat

The Ace Hotel in New York (Credit: Ace Hotel) A Downtown Los Angeles EB-5 investment firm has fired back at allegations from a former business partner that it cut him out of business profits involving a project at the Ace Hotel in New ...

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  • 22 Jun
  • The Real Deal
  • Uncategorized
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In El Segundo, transforming a city means reshaping its real estate

(Credit: Max Pixel, Pexels) For House of Moves, a motion capture production studio that records audio, background noise can become a nightmare situation. So when a household stone supplier moved in next door two years ago, CEO Brian ...

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  • 22 Jun
  • The Real Deal
  • Uncategorized
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WATCH: LA’s resi experts discuss the future of the city’s housing market

 How does aspirational pricing affect the L.A.’s housing market? “Pricing artificially high gets attention, but it really hurts the fairly priced developments, Douglas Elliman’s Ernie Carswell during The Real Deal’s first-ever DTLA ...

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  • 22 Jun
  • The Real Deal
  • Uncategorized
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Activist investor wants Hudson’s Bay to tap into its real estate potential

Jonathan Litt and Saks Fifth Avenue flagship in New York City (Credit: Getty Images) It’s been almost a year since Jonathan Litt, founder of hedge fund Land & Buildings, pleaded for retail giant Hudson’s Bay Company to change its ...

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  • 21 Jun
  • The Real Deal
  • Uncategorized
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Here LA County’s top 5 retail investment sales in May

Space 15 Twenty with Artisan Realty Advisor Executives Mark Laderman and Collin Komae Los Angeles County’s top five retail investment sales of May totaled nearly $121 million, with the biggest trade taking place in Hollywood. The ...

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  • 21 Jun
  • The Real Deal
  • Uncategorized
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Blackstone’s Equity Office rebrands, partners with Industrious

A rendering of the Howard Hughes Center, set to re-open in early 2019 Blackstone’s Equity Office is hopping on the co-working bandwagon. The firm signed a licensing agreement with New York-based Industrious to run co-working spaces at ...

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  • 21 Jun
  • The Real Deal
  • Uncategorized
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WATCH: In the retail ice age, why build a supermall?

Retail nationwide is getting crushed. Thousands of stores have shuttered, with analysts predicting doom for hundreds more. But in the midst of all this turmoil, Florida is about to get a new megamall. How does that work? The Real ...

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  • 21 Jun
  • The Real Deal
  • Uncategorized
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LaSalle pays $84M for Marina Park office complex

Lasalle CEO Jason Kern with Marina Park UPDATED, Thursday, June 21, 2018, 4:05 p.m.: LaSalle, the investment management arm of commercial brokerage JLL, has paid $83.8 million to acquire a sprawling office campus in Marina del Rey, The ...

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  • 21 Jun
  • The Real Deal
  • Uncategorized
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WATCH: Top developers, brokers on why DTLA is “adolescent at best”

At The Real Deal’s debut DTLA Spotlight earlier this month, the city’s top developers and brokers acknowledged the neighborhood’s dramatic transformation — but said the area remains a work in progress. The panel, which included Rachel ...

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  • 21 Jun
  • The Real Deal
  • Uncategorized
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