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Month: November 2018

Former Venezuelan national treasurer sentenced in $1B money laundering scheme

Alejandro Andrade, and 15231 Sunnyland Lane, Wellington A former national treasurer of Venezuela was sentenced to 10 years in prison on Tuesday for his role in a $1 billion dollar money laundering scheme in which much of the money went ...

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  • 28 Nov
  • The Real Deal
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SpaceX set to launch: permits filed for Port of LA rocket manufacturing facility

Elon Musk (Credit: Getty Images) SpaceX is moving at warp speed to the Port of Los Angeles, filing permits for the initial phase of a large rocket manufacturing facility there. The permits are for four buildings at the site. The ...

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  • 27 Nov
  • The Real Deal
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After funding round, NeueHouse co-working expands in LA

Josh Wyatt and The Neuehouse office in Los Angeles In the increasingly competitive co-working market, not all firms that open sleek spaces and free-flowing beer will survive. NeueHouse, fresh off a $30 million funding round, is trying ...

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  • 27 Nov
  • The Real Deal
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Heeeeere’s Ed McMahon’s McManse, listed for $12.5M

The Bel Air mansion hit the market for $12.5 million. From left: Ed McMahon, Donald Trump, and Levik Stephan A Bel Air mansion that once belonged to “The Tonight Show” sidekick hit the market this week. Ed McMahon’s former home was ...

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  • 27 Nov
  • The Real Deal
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Weaker home price growth points to slowing US housing market: report

David Blitzer, Managing Director and Chairman of the Index Committee at S&P Dow Jones Indices (Credit: S&P Dow Jones via YouTube and iStock) Want more evidence the U.S. housing market is losing ground? Home price gains ...

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  • 27 Nov
  • The Real Deal
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ArcWest Partners will use $100M funding to buy urban properties

Chapman Market and Neville Rhone Arc Capital Partners Managing Partner Neville Rhone and Chapman Market in Koreatown ArcWest Partners, a joint venture of local firms Arc Capital Partners and Belay Investment Group, will use a $100 ...

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  • 27 Nov
  • The Real Deal
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Here are the under 50-unit resi projects proposed in LA last week

2017 W. Temple Street and 10209 N. Samoa Avenue During the Thanksgiving holiday week, developers filed for just two residential projects under 50 units in Los Angeles. The larger one, in Westlake, seeks a number of bonuses through the ...

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  • 27 Nov
  • The Real Deal
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Interest rates are climbing, but borrowers are tapping home equity in droves

(Credit: iStock) As interest rates climb and salary growth stalls, borrowers are taking cash out against their homes in volumes not seen in over a decade. Close to $14.6 billion was withdrawn from home equity across the country during ...

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  • 27 Nov
  • The Real Deal
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Co-working firm Industrious expands into Glendale

From left: Jason Purvis, Senior Managing Director, Granite Properties and Katharine Lau, senior director of real estate at Industrious Co-working firm Industrious, which already has three locations in Los Angeles, is expanding into ...

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  • 27 Nov
  • The Real Deal
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LA takes another shot at regulating “granny flats”

(Credit: iStock) So-called “granny flats,” which have been touted as a way to help combat Los Angeles’ and the state’s housing shortage, have also been able to operate by mostly side-stepping existing building codes. In L.A., that may ...

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  • 26 Nov
  • The Real Deal
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