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Month: August 2018

Trump’s “new NAFTA” deal with Canada could be relief for developers

Steel I-beams, Canadian Prime Minister Justin Trudeau and President Donald Trump (Credit: Max Pixel, Wikimedia Commons) With a tentative bilateral trade deal in their pockets, both American and Mexican officials have their sights set ...

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  • 27 Aug
  • The Real Deal
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Starter home prices reach highest level in more than a decade

(Credit: Pixabay) The barrier to entry for homeownership is on the rise. Starter homes are at the highest prices since 2008, Bloomberg reported. In the second quarter, first-time buyers needed nearly 23 percent of their income to ...

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  • 27 Aug
  • The Real Deal
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Tishman Speyer advances with Arts District industrial project

CEO Rob Speyer, with 2159 E Bay Street Tishman Speyer, the New York-based developer behind the Brickyard campus and Arboretum Courtyard on the Westside, has revealed more details about its latest project in the Arts District. The firm ...

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  • 27 Aug
  • The Real Deal
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“Every day is a fire drill”: Construction startup Katerra struggles to stay on track as it scales up

The Katerra factory in Phoenix and Katerra’s CEO Michael Marks (Credit: Katerra) Construction startup Katerra — valued at $3 billion following an $865 million funding round in January including SoftBank — is struggling with delays and ...

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  • 27 Aug
  • The Real Deal
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This week in celeb real estate: A gubernatorial candidate and musician buy in WeHo, Chris Paul scores sale..and more

Chris Paul and the mansion, Wallace Cunningham and the Razor House West Hollywood was all the rage this week with not one, but two celebrities snagging up homes in the neighborhood for $6.5 million each. Another eight-figure listing ...

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  • 25 Aug
  • The Real Deal
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Sign of a slowdown? Wells Fargo cutting 600 mortgage jobs nationwide

Wells Fargo CEO Timothy Sloan and a single-family home Wells Fargo said it would lay off more than 600 employees in its home mortgage business across. The reason: Fewer people are buying homes. The cuts will affect workers nationwide, ...

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  • 24 Aug
  • The Real Deal
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Trump Organization could face criminal charges from Manhattan D.A.

Michael Cohen, Cyrus Vance Jr., and Trump Tower at 725 5th Avenue (Credit: Getty Images and Trump Tower NY) The Trump Organization could face criminal charges from the Manhattan district attorney’s office in connection with Michael ...

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  • 24 Aug
  • The Real Deal
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Basketball legend Shaquille O’Neal shooting for new DTLA restaurant

Shaquille O’Neal and LA Live NBA superstar Shaquille O’Neal is returning to his old stomping grounds — only this time he’s trading basketballs for burgers. The former Los Angeles Lakers player will be opening a new restaurant in the ...

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  • 24 Aug
  • The Real Deal
  • Uncategorized
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Sellers’ price-cutting trend could be good news for buyers

You might be relaxing at the beach or in the mountains, but if you’re considering purchasing a home in the coming months, you should be aware of an important shift emerging in the market: List prices on growing numbers of houses are ...

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  • 24 Aug
  • The Real Deal
  • Uncategorized
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AIDS Healthcare Foundation buys Baltimore Hotel in DTLA

AHF CEO Michael Weinstein and the Hotel Baltimore The AIDS Healthcare Foundation is converting another former hotel in Downtown Los Angeles into housing for the city’s homeless. The organization announced that its subsidiary, Healthy ...

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  • 24 Aug
  • The Real Deal
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