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Month: August 2018

Spending spree: Hedge fund mogul, ex-wife, spent $150M in a month on Laguna Beach homes

Bill Gross and a property in Laguna Beach Sometimes divorce can spur the competitive juices. Although billionaire hedge fund manager Bill Gross divorced wife Sue Gross last year, the couple is still divided over pricey property—but not ...

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  • 09 Aug
  • The Real Deal
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Real estate firms dig deep to fund fight against rent control measureH

Essex Prop 10 CEO Michael Schall, Aids Healthcare exec Michael Weinstein (Credit: iStock) In the fight against rent control, real estate firms are not holding back. Opponents of the Proposition 10 measure have contributed over $21 ...

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  • 08 Aug
  • The Real Deal
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Macerich partners with Industrious to bring co-working into malls

Scottsdale Fashion Square in Arizona (Credit: Wikipedia) Mall owner Macerich announced a partnership with co-working company Industrious to turn unused retail space into flexible offices. The first Industrious-managed co-working space ...

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  • 08 Aug
  • The Real Deal
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Price for Malibu movie director’s house chopped by $4M

George Roy Hill (Credit: IMDB, IHA) While residential home prices in Malibu have been on a hot streak lately, at least one property—where the late George Roy Hill, director of “Butch Cassidy and the Sundance Kid,” once lived—is cooling ...

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  • 08 Aug
  • The Real Deal
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Compass’ head of communication is leaving the firm

Julie Binder and Robert Reffkin Julie Binder — Compass’ head of communications and a member of its leadership team — is leaving the company this month. Sources said the decision was mutual, and that Binder planned to return to brand ...

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  • 08 Aug
  • The Real Deal
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Metropolis project nears end with another resi tower complete

Metropolis photos with Greenland exec Hu Gang (Credit: Hunter Kerhart) UPDATED, August 8, 1:35 p.m.: Tower II of the sprawling Metropolis project is now officially open. Greenland USA, the American arm of the Chinese developer ...

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  • 08 Aug
  • The Real Deal
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Re/Max the latest resi brokerage to launch tech platform

Re/Max CEO Adam Contos (Credit: Re/Max) National franchise brokerage Re/Max is stepping up its tech game by launching a new online platform. During the company’s second quarter earnings call, CEO Adam Contos announced that Denver-based ...

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  • 08 Aug
  • The Real Deal
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These were LA’s 5 biggest construction projects filed in July

Tiger West Capital founder Daniel Farasat, and Melrose Crossing rendering Developers in Los Angeles must be enjoying some time away from the office. City officials approved permits for 303,000 square feet of new construction in July, a ...

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  • 08 Aug
  • The Real Deal
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Michael Cohen now under investigation for tax fraud: report

Michael Cohen (Credit: Getty Images) As other probes into potential wrongdoing by Michael Cohen continue, federal authorities are now looking into whether President Trump’s former attorney committed tax fraud. Prosecutors are looking ...

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  • 07 Aug
  • The Real Deal
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Marcus & Millichap branch exec hit with sexual harassment suit

Kevin Boeve, Marcus & Millichap office (Credit: Public Domain Pictures) A former employee at Marcus & Millichap has filed a complaint against the commercial brokerage and one of its executives, alleging she was sexually ...

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  • 07 Aug
  • The Real Deal
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