Month: July 2018

San Francisco skyline with Robert Reffkin and Bob Dadurka Compass is forging ahead with its national expansion by acquiring Paragon, a 225-agent firm in San Francisco that closed $2.3 billion in sales last year. The deal, announced Monday, will boost Compass’ ranks to 500 agents in the Bay Area, two years after it launched there,…

Carmel Partners’ Cumulus project and Geoffrey Palmer June saw some major projects around Los Angeles secure permits, with the five-biggest totaling 3.25 million square feet, all for multifamily properties. Coincidentally, all of the projects on the list are seven stories, but they vary widely in square footage. The Los Angeles Department of Buildings and Safety…

The 2018 summer issue of The Real Deal LA will hit the streets in mid-July. Key coverage in this quarter’s magazine includes: · Introducing LA’s foot solders: The teams behind the county’s top resi brokers · Tracking the rising stars of commercial real estate in LA · Ranking the top real estate law firms in…

CalPERS executive Bob Chapman and the property CenterPoint Properties, an Illinois-based industrial real estate firm, has purchased an industrial warehouse in the Harbor Gateway region, located near the South Bay, for $21 million. The company purchased the property through the California Public Employees’ Retirement System (CalPERS), property records show. Goldrich Kest was the seller. The…

The Chatsworth Business Center Atlas Capital Group is spreading out in the Valley. The New York-based firm paid $41.3 million for the 214,000-square-foot Chatsworth Business Center in Chatsworth late last month, according to property records. The sale came out to $193 per square foot. It was the firm’s first purchase in the Valley since 2016.…

Softbank CEO Masayoshi Son, left, at the launch of an app in 2011. (Credit: Danny Choo) If you’re looking to buy in San Fran, prices have just gone way, way up. Housing prices shot up a whopping $205,000 over the first six months of the year, while condos saw a jump of $71,000, according to…

Sean John Combs and his children Christian and Justin. (Credit from left: David Shankbone, Getty) Despite the unclear future of the Playboy Mansion, its new owner hosted a raucous July 4th party, sort of like old times. The 29-room mansion’s owner, Hostess heir Daren Metropoulos, and his brother Evan played host to bevy of celebrities…

(Credit: Pixabay) Sellers of million-dollar homes should prepare to sit tight. According to data from Reports on Housing, Orange County houses that are listed over $1.25 million make up about a third of the housing stock online yet only 14 percent of demand, Bloomberg reports. The expected time such properties are expected to remain on…

(Credit: Pixabay) Out of any city in the world, Chinese buyers like Los Angeles the best. Based on a recent survey of high-worth Chinese individuals looking to emigrate, LA ranked the best globally with New York City coming in second. The top five ranked cities were all American, according to Mansion Global, with London being…

Rob Lowe and Sheryl Berkoff with Barbara Sinatra and the home (Credit: Barbara Sinatra Children’s Center Getty Images, Public Domain Pictures) In Montecito, actor Rob Lowe and his wife Sheryl Berkoff put a 3.4-acre property on the market for $47 million. The residence, built in 2009, features a 10,000-square-foot main house with six bedrooms and…