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Month: July 2018

Here are LA County’s top 5 office investment sales in June

3100 Lomita Boulevard The nine-digit sale of a large Torrance office campus topped the list of the largest office investment deals last month and was the only one to break the $100 million mark. The top-five sales of June totaled ...

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  • 16 Jul
  • The Real Deal
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Vista Investment Group acquires ground lease at Media Park Santa Monica

Vista Investment Group execs Philip and Jonathan Barach and the property Vista Investment Group, a Santa Monica-based firm, acquired a leasehold interest on a fully leased office campus in Santa Monica for an undisclosed amount, the ...

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  • 16 Jul
  • The Real Deal
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Chipotle inks deal for 2 floors at Irvine Co.-owned building at Newport Center

Chipotle exec Brian Niccol and the property (Credit: GoodFreePhotos) Chipotle, the fast-casual Mexican food chain, has signed a deal to occupy two floors at an office building at Newport Center, just steps from Fashion Island, a ...

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  • 16 Jul
  • The Real Deal
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Will real estate developers seize on “Opportunity Zones” tax incentive?

The Opportunity Zones program could spur on major development in historically distressed areas such as Little Haiti (Credit: Wikimedia Commons) A short drive from downtown Miami, colorful murals highlight the Haitian diaspora and pink ...

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  • 16 Jul
  • The Real Deal
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The broker confidence crisis

Illustration by Lexi Pilgrim for The Real Deal Steve Shull, a retired NFL linebacker, has been coaching real estate agents since 1993. He knows from experience that the brokerage business is cyclical: When the market is hot, paychecks ...

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  • 16 Jul
  • The Real Deal
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Retail sales rise nationwide in Q2, indicating strong economic outlook

(Credit: Hloom Templates via Flickr) Nationwide retail sales were up in the second quarter year over year, a positive sign for the overall economy, though department store revenue continued the drop. From April to June, retail sales in ...

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  • 16 Jul
  • The Real Deal
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Here’s the deal with “opportunity zones,” a little-known, little-regulated program from the tax overhaul

From left: Eric Garcetti, Donald Trump signing the Tax Cuts and Jobs Act of 2017 in December, Keith Rubenstein. (Credit: Wikimedia Commons, Getty, iStock) From TRD New York: What does a 130-room Marriott hotel have in common with an ...

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  • 15 Jul
  • The Real Deal
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This week in celeb real estate: Microsoft co-founder lists undeveloped land for $150M, former home of Elizabeth Taylor hits market… and more

Elizabeth Taylor and the home, Paul Allen, the billionaire co-founder of Microsoft (Credit: Pexels, Pixabay) Paul Allen, the billionaire co-founder of Microsoft, wants $150 million for a 120-acre site in Beverly Hills. That’s ...

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  • 14 Jul
  • The Real Deal
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LA’s top agents react to Yolanda unmasking, and what it means for Compass

From left: Joyce Rey, Beth Styne, Rayni Williams, Jeff Hyland, Mark McLaughlin, Aaron Kirman and Marc Shevin For nearly two years it was the biggest mystery roiling the Los Angeles real estate community. With its cheeky language and ...

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  • 14 Jul
  • The Real Deal
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NKF broker accused of sexual harassment by fired administrative assistant

Merrill Roth A former administrative assistant at Newmark Knight Frank says she was fired after complaining to the brokerage’s human resources department that vice chairman Merrill Roth repeatedly made sexually suggestive comments in ...

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  • 13 Jul
  • The Real Deal
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