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Month: October 2018

Japan-based REITs have dumped over half their US stocks: report

Empire State Building (Credit: iStock) Why have shares of real estate investment trusts failed to perform well recently? A mass offloading by Japan-based REITs may be the answer. In 2016, REIT funds based in Japan that targeted the ...

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  • 31 Oct
  • The Real Deal
  • Uncategorized
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Landlords and investors spent millions in effort to defeat Prop 10

(Credit: Wikimedia Commons) With less than a week to the elections, fundraising for and against Proposition 10 – which would repeal a state law that prohibits local rent control – has topped $100 million, making it one of the most ...

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  • 31 Oct
  • The Real Deal
  • Uncategorized
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CBRE is launching its own co-working company

A CBRE office space (Credit: CBRE) CBRE is entering the co-working business. The brokerage announced on Wednesday that it is launching Hana, a subsidiary that will enter property management agreements with landlords to provide flexible ...

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  • 31 Oct
  • The Real Deal
  • Uncategorized
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Site of AES Power Plant in Redondo Beach sells to private investor

The AES Power Plant in Redondo Beach (Credit: AES California, Getty Images) UPDATED, Oct. 31, 5:45 p.m: Leo Pustilnikov, a real estate investor, has emerged as the buyer of the contentious AES Power Plant site, closing the book on a ...

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  • 31 Oct
  • The Real Deal
  • Uncategorized
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More units added to Palms project in light of TOC

3638 South Motor Avenue (Credit: Pixabay) A proposal to build a multifamily complex in the Palms neighborhood has been slightly revised following the passage of the Transit Oriented Communities program. An LLC named UB Motor, linked to ...

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  • 31 Oct
  • The Real Deal
  • Uncategorized
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Somera Road is latest firm trying to raise $500M to invest in Opportunity Zones

Opportunity Zones map, Somera Road Ian Ross Add Somera Road to the growing list of real estate investment groups seeking to raise millions of dollars to invest in distressed areas as part of a new federal program. Somera Road is ...

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  • 31 Oct
  • The Real Deal
  • Uncategorized
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Culver City to get 108-unit mixed-use project

A developer has proposed a 108-unit mixed-use project in place of this auto shop in Culver City. (Credit: iStock, Google Maps) Plans were filed today with the city of Los Angeles for a new mixed-use project with 108 residential units ...

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  • 31 Oct
  • The Real Deal
  • Uncategorized
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What happens when an EB-5 project fails?

550 Seabreeze Hotel (Credit: iStock) In 2012, a trio of developers drew up plans to build a 12-story InterContinental hotel in Fort Lauderdale Beach. The Las Olas Ocean Resort would include a 12,000-square-foot restaurant from the ...

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  • 30 Oct
  • The Real Deal
  • Uncategorized
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Westlake mortgage firm shutters, mirroring larger layoffs in the industry

HCL Corporation CEO Roshni Nadar Malhotra and Urban Fulfillment Services’ Westlake branch at 30870 Russell Ranch Road The Westlake branch of mortgage processing firm Urban Fulfillment Services LLC is shutting its doors, a possible ...

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  • 30 Oct
  • The Real Deal
  • Uncategorized
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Home-price gains hit lowest rate in a year

(Credit: iStock) U.S. home prices are continuing to lose steam. In August, annual home-price gains slid below 6 percent for the first time in a year, according to the S&P CoreLogic Case-Shiller Index. The index, which measures ...

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  • 30 Oct
  • The Real Deal
  • Uncategorized
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