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Month: September 2018

Women-focused co-working space coming to WeHo

The Wing is a network of coworking and community spaces (Credit: The Wing) UPDATED, Sept. 20, 4:17 p.m.: A co-working and networking space geared toward women is expanding to West Hollywood. The Wing, a New York-based co-working firm ...

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  • 20 Sep
  • The Real Deal
  • Uncategorized
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Pelorus launches $100M fund to target cannabis-related commercial real estate

Pelorus Equity Group CEO Dan Leimel and cannabis plants Are there financing opportunities in cannabis-related commercial real estate? A Newport Beach-based real estate investment firm thinks so. Pelorus Equity Group has launched a $100 ...

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  • 20 Sep
  • The Real Deal
  • Uncategorized
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Zsa Zsa Gabor’s former estate trades for $21M

Zsa Zsa Gabor and the home A Bel Air villa formerly owned by the late actress Zsa Zsa Gabor has traded for $20.8 million, exactly double what it sold for last May. The home on Bel Air road hit the market in July seeking $23.5 million. ...

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  • 20 Sep
  • The Real Deal
  • Uncategorized
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You won’t believe how much dirt sells for in the world’s most expensive real estate market

The Peak with a money sky in Hong Kong (Credit: Wikipedia) If you thought land deals in New York were insane, have a seat. A plot of government land in Hong Kong is expected to fetch an eye-popping $13,000 a square foot, a record for ...

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  • 20 Sep
  • The Real Deal
  • Uncategorized
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Westfield Topanga mall set for $70M upgrade

Westfield Topanga mall will undergo a $70-million renovation   Three months after getting a new owner, Westfield is gearing up for major renovations at its sprawling Topanga mall. About $70-million worth of upgrades are planned for the ...

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  • 20 Sep
  • The Real Deal
  • Uncategorized
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Need to pay bills? Millions of Americans would borrow against their homes: report

Americans are willing to tap home equity to pay bills (Credit: iStock) Is paying the electricity bill worth taking out a second mortgage? Around one in six Americans thinks so. About 24 million U.S. homeowners think it’s acceptable to ...

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  • 19 Sep
  • The Real Deal
  • Uncategorized
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Meta Housing Corp proposes 55 affordable units in Mid-City

Meta Housing Corporation filed plans Tuesday to build affordable housing on city-owned lots on Washington Boulevard. (Credit: Google Maps) A local affordable housing developer wants to help give Mid-City Angelenos what they want: ...

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  • 19 Sep
  • The Real Deal
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As Chen Feng’s grip on HNA tightens, the firm is selling its Deutsche stake

HNA founder Chen Feng and 245 Park Avenue (Credit: Wikipedia and 245parkave) Chinese conglomerate HNA Group, the largest shareholder in Deutsche Bank, is reportedly selling its stake in the German bank. The move comes as chairman Chen ...

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  • 19 Sep
  • The Real Deal
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Neil Shekhter handed another defeat in court battle with AEW

Neil Shekhter and a rendering of NMS Properties’ Wilshire & La Jolla tower at 6401 Wilshire Boulevard (Credit: Urban Land Institute, Steinberg Architects) The courts have dealt Neil Shekhter of NMS Properties another blow in his ...

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  • 19 Sep
  • The Real Deal
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Developers are scrambling to meet growing demand for warehouse space

An Amazon distribution center (Credit: iStock) With manufacturing on the decline, developers are increasingly turning old industrial buildings into distribution centers. According to a report by Newmark Knight Frank, e-commerce is ...

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  • 19 Sep
  • The Real Deal
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