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Month: November 2018

Kushner brothers-backed Cadre looks to cash in on Opportunity Zones

From left: Jared Kushner, Josh Kushner, and Ryan Williams in Sunset Park (Credit: Getty Images) Cadre, the real estate crowdfunding platform partially owned by Jared and Josh Kushner, is leaping headfirst into the Opportunity Zone ...

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  • 30 Nov
  • The Real Deal
  • Uncategorized
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Glendale imposes rent hike cap in wake of Prop 10 defeat

Glendale City Council The Prop 10 statewide rent control measure may have failed at the polls, but Los Angeles municipalities and county officials are finding new ways to ease the pain for renters in the months ahead. The City of ...

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  • 30 Nov
  • The Real Deal
  • Uncategorized
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LA rejects appeal to stop Weingart’s affordable housing project on Skid Row

The L.A. City Planning Commission unanimously voted to deny appeals to the Weingart Center project. (Credit: JWDA) The Los Angeles City Planning Commission unanimously rejected an appeal brought by business owners and residents to stop ...

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  • 30 Nov
  • The Real Deal
  • Uncategorized
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Chicago will have weakest housing market in US in 2019: report

(Credit: iStock) It’s not even 2019 and Chicago’s residential real estate market is already bracing for a bad year. Chicago will have the weakest housing market in the U.S. in 2019 with declines in the number of homes sales and in ...

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  • 30 Nov
  • The Real Deal
  • Uncategorized
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Ares Management pays $125M for Huntington Beach office complex

Ares CEO Michael Arougheti and 7777 center drive Huntington Beach (Credit: Ares Management, One Pacific Plaza, and iStock) Alternative asset manager Ares Management paid $124.5 million for a three-building Huntington Beach office ...

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  • 30 Nov
  • The Real Deal
  • Uncategorized
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Penthouse for Putin: Trump Org planned to give Russian prez $50M unit in failed Moscow tower, report says

Vladimir Putin and Michael Cohen (Credit: Getty Images) The Trump Organization was prepared to offer Russian President Vladimir Putin a $50 million penthouse as part of a marketing stunt to sell units in its proposed Trump Tower ...

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  • 30 Nov
  • The Real Deal
  • Uncategorized
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Shomof Group shops stake in 25-acre Sears redevelopment project

Izek Shomof founder of the Shomof Group Developer Izek Shomof’s company is shopping for an investment partner on its 25-acre mixed-use redevelopment project in Boyle Heights, The Real Deal has learned. Dubbed the Mail Order District, ...

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  • 30 Nov
  • The Real Deal
  • Uncategorized
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Sorry, home appraisers, bots are coming for your jobs

(Credit: iStock and Pixabay) Federal regulators are looking to pave the way for computers to replace humans in an increasing number of home value appraisals. The Office of the Comptroller of the Currency, the Federal Deposit Insurance ...

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  • 30 Nov
  • The Real Deal
  • Uncategorized
  •  1

Crew used social media, listings websites to break into celeb homes: police

From left: Robert Woods and Rihanna (Credit: Getty Images) For more than a year, authorities say a crew of 13 men plotted ways to break into the Los Angeles homes of an array of celebrities. The team was often successful, police say, ...

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  • 30 Nov
  • The Real Deal
  • Uncategorized
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PMG, Raven plan $1B worth of co-living units

Raven president Josh Green (orange), PMG principal Kevin Maloney (purple), and X Logan Square in Chicago (Credit: Raven, Getty Images, and PMG) Less than two years after Property Markets Group launched its own co-living business, the ...

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  • 29 Nov
  • The Real Deal
  • Uncategorized
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