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Month: September 2018

Prologis spends $49M to acquire 31 acres of industrial land

Prologis executive Hamid R. Moghadam Prologis, a global real estate investment trust based in San Francisco, has paid $49.3 million to acquire 31 acres of undeveloped industrial land in Torrance. PBF Energy, a New Jersey-based ...

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  • 10 Sep
  • The Real Deal
  • Uncategorized
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Calling all subscribers: Go behind TRD’s reporting on Compass this Wednesday

Go behind the scenes on The Real Deal’s deep dive into Compass’ growth strategies — and potential pitfalls along the way — in a call with our editorial team next Wednesday, Sept. 12. TRD’s senior content director, Jill Noonan, will ...

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  • 10 Sep
  • The Real Deal
  • Uncategorized
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A decade later, some SoCal areas still clawing back from housing crisis

Unlike other neighborhoods and communities around the region that rebounded, the recovery in Victor Valley is taking shape Home prices are setting records throughout Southern California, and starter homes are at their highest level ...

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  • 10 Sep
  • The Real Deal
  • Uncategorized
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Nationwide overbuilding is causing rents in even the hottest markets to plummet, freeze

(Credit from left: Henk Monster, Wikimedia Foundation) Timing is everything. It’s a great time to be renting in America as a glut of new supply is causing rents across the country to take a nosedive. Meanwhile, the lag time between the ...

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  • 09 Sep
  • The Real Deal
  • Uncategorized
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Madison Square Garden Co. accuses Inglewood mayor of “outrageous, fraudulent conduct”

(Credit from left: Ritapepaj/Wikimedia Commons, Wikimedia Commons) The former home of the Lakers is taking issue with the Clippers trying to move in nearby. The owner of The Forum, Madison Square Garden Co., is accusing the city of ...

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  • 09 Sep
  • The Real Deal
  • Uncategorized
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Meet the developers building the country’s wildest spec homes

The “Billionaire” spec house in Bel Air and Bruce Makowsky (Credit: Makowsky via LA Times, Getty) Are you prepared to bet tens of millions of dollars on building outrageously lavish spec homes that you hope to sell for nine-figure ...

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  • 08 Sep
  • The Real Deal
  • Uncategorized
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This week in celeb real estate: An $88M home comes to market, a plot with Hollywood history is for sale.. & more

Michael Palumbo, Gary L. Wilson and the guest house of 320 Delfern Drive (Credit: iStock, Pixabay) Sell, sell, sell. At least that’s what celebrities in Los Angeles are hoping for this week. Four lavish homes came on the market, ...

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  • 08 Sep
  • The Real Deal
  • Uncategorized
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‘House of Sin’ party pad lists for $8.5M

“House of Sin” (Jerrod Jones) A Hollywood Hills home designed with a playboy bachelor’s dreams in mind hit the market this week for $8.5 million. Nicknamed the “House of Sin,” the eight-story home on Sunset Plaza Drive, near the Bird ...

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  • 07 Sep
  • The Real Deal
  • Uncategorized
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City Council signs off on one-year pilot program for e-scooters

City Hall and Bird scooters (Credit: Wikimedia Commons) The Los Angeles City Council approved a pilot program for dockless scooters, further establishing the presence of startups like Bird and Lime in Southern California. The new set ...

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  • 07 Sep
  • The Real Deal
  • Uncategorized
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Mesirow Financial closes latest real estate fund at $567M

Mesirow Financial CEO Dominick Mondi and generic multifamily homes (Credit: Mesirow Financial and iStock) Mesirow Financial closed its Real Estate Value Fund III at $567 million, attracting commitments from institutional investors ...

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  • 07 Sep
  • The Real Deal
  • Uncategorized
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