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Month: July 2018

Reffkin hints at how much Compass pays to acquire other brokerages

Robert Reffkin (Credit: Compass via Facebook) Compass pays between four and six times its annual pre-tax earnings when it acquires other brokerages, according to CEO and founder Robert Reffkin. The company, which has scooped up four ...

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  • 24 Jul
  • The Real Deal
  • Uncategorized
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Home featuring historic recording studios lists in Sherman Oaks

Photos of Michael Jackson recording in the studio Music lovers can now flock to the Valley for the chance to live — and record — where superstars Prince, Michael Jackson and Barry White worked on their music. Craig Huxley, a ...

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  • 24 Jul
  • The Real Deal
  • Uncategorized
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Patrick Soon-Shiong’s firm buys warehouse next to new LA Times building

Patrick Soon-Shiong and the property at 2310 Imperial Highway. UPDATED, July 24, 1:40 p.m.: Billionaire Patrick Soon-Shiong, the new owner of the Los Angeles Times, acquired a warehouse adjacent to the publication’s new headquarters in ...

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  • 24 Jul
  • The Real Deal
  • Uncategorized
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New office space nationwide could drop sharply in 2019

Office on the Manhattan Skyline (Credit: Francisco Anzola via Flickr, Pixabay) The amount of new office space hitting the market nationwide could dip by as 20 percent next year, a combination of rising costs, concerns over the end of ...

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  • 24 Jul
  • The Real Deal
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High-profile attorney makes quick buck in Sawtelle with $15.5M office trade

Seller Ronald Richards, and the property at 1850 Sawtelle Ronald Richards, a criminal defense and civil litigation attorney, has sold a Class B office building for $15.3 million, The Real Deal has learned. The high-profile attorney, ...

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  • 24 Jul
  • The Real Deal
  • Uncategorized
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Jocott Brands inks 64K sf lease in Van Nuys

The Lewis Business Center at 8000 Woodley Avenue in Van Nuys PGIM Real Estate has a new tenant in Van Nuys. Jocott Brands, a personal care product manufacturer, signed a long-term lease for 64,100 square feet at the Lewis Business ...

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  • 23 Jul
  • The Real Deal
  • Uncategorized
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Spaces signs deal for new location at Univision building in West LA

IWG exec Mark Dixon with the property Co-working firm Spaces signed a deal for 66,300 square feet at the Univision building in Westchester, as it continues to expand in Los Angeles. This time it has targeted the Westside. The deal, ...

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  • 23 Jul
  • The Real Deal
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Ellen DeGeneres sells Montecito estate to Netflix exec for $34M

Ellen DeGeneres and part of the estate (Credit: celebrityabc via Flickr) This’ll give Ellen something to dance about. Comedian and talk show host Ellen DeGeneres and actress wife Portia de Rossi sold their Montecito estate for $34 ...

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  • 23 Jul
  • The Real Deal
  • Uncategorized
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Facebook is close to signing 260K sf at Brickyard: sources

Mark Zuckerberg and the property Facebook is close to signing a deal to occupy 260,000 square feet at the Brickyard office campus in Playa Vista, The Real Deal has learned. The tech firm was originally in talks to lease 120,000 square ...

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  • 23 Jul
  • The Real Deal
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Instant regret: 4 in 10 millennials aren’t happy to be homeowners

The face of homeownership regret (Credit: iStock) Millennials aren’t feeling too great about becoming homeowners. A new survey by Bank of the West found that four in 10 millennials (defined here as individuals 21 to 34 years old) are ...

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  • 23 Jul
  • The Real Deal
  • Uncategorized
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