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Month: September 2018

Here are LA County’s top 5 office sales in August

Paul Daneshrad from Starpoint Properties (Credit: iStock) After a fairly slow summer, the office investment market rebounded last month, thanks in large part to a big-ticket purchase from StarPoint Properties. Combined, the top five ...

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  • 11 Sep
  • The Real Deal
  • Uncategorized
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Home flipper Opendoor’s first acquisition is a discount brokerage

From left: Opendoor CEO Eric Wu and Open Listings CEO Judd Schoenholtz (Credit: Twitter, LinkedIn, and iStock) For its first acquisition, Opendoor is scooping up a discount brokerage. The startup is buying Open Listings, a firm that ...

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  • 11 Sep
  • The Real Deal
  • Uncategorized
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Uncertainty around Prop 10 could slow multifamily market

Bryan Shaffer and apartment buildings in San Francisco (Credit: Public Domain Pictures) With less than two months to Election Day, the Los Angeles commercial real estate sector is nervously anticipating the outcome of Proposition 10. ...

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  • 11 Sep
  • The Real Deal
  • Uncategorized
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Subscribers: Here’s the info for tomorrow’s conference call on Compass

Join The Real Deal’s editorial team for our next subscriber call! Tomorrow at 2:30 p.m.,subscribers will get an inside look at The Real Deal’s deep dive into Compass’ growth strategies — and potential pitfalls along the way — in a call ...

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  • 11 Sep
  • The Real Deal
  • Uncategorized
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REIT recovery: Here’s why hotels are up 20%

Hotel REITs are bouncing back (Credit: iStock) After a rough start to the year, real estate investment trusts are getting back on track. Returns slid across the board at the beginning of the year, bottoming out in February. From Jan. 1 ...

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  • 11 Sep
  • The Real Deal
  • Uncategorized
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WeHo commission pushes forward mixed-use project with hotel focus

CIM plans a 100-foot hotel near the intersection of La Brea Avenue and Santa Monica Boulevard (Credit: Neil Denari of NMDA) The small stretch of La Brea Avenue that belongs to West Hollywood is one step closer to a major facelift. ...

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  • 11 Sep
  • The Real Deal
  • Uncategorized
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LA County’s top 5 multifamily sales of August

Las Palmas Villa Apartments August was a slow month for multifamily sales, at least on the top end of completed sales. The five largest multifamily sales of the month totaled $81.3 million, less than a third of the $297 million in July ...

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  • 11 Sep
  • The Real Deal
  • Uncategorized
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Freddie Mac CEO to step down next year

Donald Layton, David Brickman, and the Freddie Mac headquarters at 8200 Jones Branch Drive in Virginia (Credit: Freddie Mac) Freddie Mac CEO Donald Layton is set to retire next year. Layton, who’s been the chief executive since 2012, ...

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  • 10 Sep
  • The Real Deal
  • Uncategorized
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Planning Commission to consider Crossroads project in Hollywood

Harridge Development Group is hoping to gain city approval this week for one of the biggest mixed-use projects that has been proposed in Hollywood. The Planning Commission is set to vote on Thursday on a 1.4-million-square-foot complex ...

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  • 10 Sep
  • The Real Deal
  • Uncategorized
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Zillow expands homebuying program to Atlanta; more are eyed

Zillow CEO Spencer Rascoff and the Atlanta skyline (Credit: iStock) Zillow Group has settled on Atlanta as the next market for its homebuying program. The Seattle-based listings giant will now be able to buy homes directly, prepare ...

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  • 10 Sep
  • The Real Deal
  • Uncategorized
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