Month: August 2018

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 north of the U.S. border with hopes of negotiating new trade deals with Canada. That could be big news for U.S.…

(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 afford a typical entry-level home — up from 21 percent a year earlier. “When prices go up at…

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 is planning to build a three-building office campus spanning 203,000 square feet of space at 2159 E.…

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 quality control as the company tries to scale up. Many in the real estate industry are paying close attention…

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 also came on the market recently for those wanting to venture down the coast to San Diego.…

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, including states like California, Florida, North Carolina, and Colorado, according to Bloomberg. The Orlando Sentinel reported…

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 Cohen’s $130,000 payment to the adult film star Stephanie Clifford, better known as Stormy Daniels. The investigation would focus…

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 sprawling L.A. Live complex that abuts the Staples Center, Eater reported. Details of the new eatery…

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 Housing Foundation by AHF, will buy the 204-room Hotel Baltimore at 501 S. Los Angeles Street. It will continue to operate…