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Month: July 2018

Warehouse space hasn’t been this tight since the dot-com boom

Warehouse space (Credit: MaxPixel) Warehouse space is at its tightest level since the first dot-com boom, and it’s driving tons of business. The second quarter saw availability fall to 7.2 percent, the lowest level since 2000, as ...

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  • 11 Jul
  • The Real Deal
  • Uncategorized
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REIT chiefs make 57x more than their employees on average: report

Thomas J. Baltimore of Park Hotels and Resorts (Credit: REIT and Pixabay) Work at a real estate investment trust? Looks like your company probably thinks your labor is worth 57 times less than that of your boss, wherever he or she is ...

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  • 11 Jul
  • The Real Deal
  • Uncategorized
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Microsoft co-founder Paul Allen lists undeveloped site in Beverly Hills for $150M

Paul Allen, the billionaire co-founder of Microsoft (Credit: Pexels) In Beverly Hills, where supply is tight and home prices are soaring, a massive swath of land just hit the market for an equally massive asking price. Paul Allen, the ...

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  • 10 Jul
  • The Real Deal
  • Uncategorized
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Send the date: Share your real estate events with The Real Deal!

Each week, The Real Deal provides a roundup of the top real estate events in Los Angeles you need to know for the week ahead. Send conferences, panel events, networking opportunities and more to events@TheRealDeal.com. To search for ...

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  • 10 Jul
  • The Real Deal
  • Uncategorized
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Convene now valued at more than $500M

Convene founders Ryan Simonetti, Chris Kelly, and 151 W 42nd Street (Credit: Convene) Meeting space startup Convene raised $152 million in its latest funding round, bringing the value of the company to more than $500 million, according ...

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  • 10 Jul
  • The Real Deal
  • Uncategorized
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Developer Sares-Regis sells portion of its 110-acre Torrance office campus

2050 W. 190th Street Sares-Regis appears to have sliced off a part of the 110-acre former Toyota national headquarters it scooped up last year. The Irvine-based developer sold Gramercy Plaza at 2050 W. 190th Street to the Century City ...

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  • 10 Jul
  • The Real Deal
  • Uncategorized
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Bad energy: Zillow fires ad exec who told Premier Agent user to “take up yoga”

Jessica Robinson and a woman in a yoga pose (Credit: Public Domain Images) Zillow fired an advertising representative after she sent an email to an unhappy Premier Agent user telling him to “take up yoga, and breathe a bit.” Jessica ...

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  • 10 Jul
  • The Real Deal
  • Uncategorized
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Spotify hits play on its move to the Arts District

Spotify’s Daniel Ek and rendering of At Mateo at 555 Mateo Street (Credit: Wikimedia Commons, At Mateo) Spotify, the music streaming service giant, is officially moving to the Arts District. The firm signed a 10-year lease to occupy ...

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  • 10 Jul
  • The Real Deal
  • Uncategorized
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Force behind campaign against Metro’s Purple Line may have a Trump card

Lisa Korbatov and Donald Trump, with local officials celebrating a 2014 groundbreaking on the Metro Purple Line Extension (Credit: Neon Tommy via Flickr, Wikimedia Commons) In Beverly Hills, an anonymous group that has been petitioning ...

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  • 10 Jul
  • The Real Deal
  • Uncategorized
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Wall Street has more money than ever to buy single-family rentals

Jon Gray, Barry Sternlicht and single-family homes (Credit: Maxpixel) Investors are raising billions of dollars from bond buyers, pension funds and even wealthy individuals for the single-family home rental market. “We’re seeing a ...

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  • 09 Jul
  • The Real Deal
  • Uncategorized
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