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Month: November 2018

With IPO looming, Airbnb nabs Amazon exec as new CFO

Dave Stephenson (Credit: Airbnb) Airbnb hired a top Amazon executive as its new chief financial officer amid plans to go public, ending the company’s nearly year-long search to fill the position. The home-sharing startup announced it ...

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  • 26 Nov
  • The Real Deal
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Amid Koreatown building boom, developer revives apartment plan

722 S Ardmore Avenue, Los Angeles (Credit: Google Maps) A decade ago, plans for a Koreatown apartment building included 66 residential units and a helicopter landing pad on the roof. But nothing materialized in the ensuing years, and ...

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  • 26 Nov
  • The Real Deal
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Avi Dorfman, who calls himself a Compass co-founder, seeks stake worth nearly $200M

From left: Robert Reffkin, Avi Dorfman, and Ori Allon (Credit: iStock) Four years ago, tech entrepreneur Avi Dorfman sued Compass and CEO Robert Reffkin, claiming they implemented his ideas and then cut him out of the action. It turns ...

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  • 26 Nov
  • The Real Deal
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The sale of a lifetime: “Storage Wars” auctioneer sold a unit containing $7.5M for $500

(Credit: iStock) The buyer of a storage unit inadvertently landed the deal of a lifetime. A man bought a storage unit from “Storage Wars” reality TV star Dan Dotson at an auction for $500 and later discovered it contained an unopened ...

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  • 26 Nov
  • The Real Deal
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Having a child in Italy could soon entitle you to free land

(Credit: iStock) First comes love, then comes marriage, next comes baby in the baby carriage and free land to boot from the Italian government—provided its your third child. The Italian government has proposed giving land to families ...

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  • 25 Nov
  • The Real Deal
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Casper CEO says death is coming for “bad” retailers

Philip Krim (Credit Getty, iStock) Casper co-founder and CEO Philip Krim thinks the retail apocalypse will discriminate between good and bad. “There’s certainly not a death of retail, there’s just a death of bad retail,” Krim told the ...

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  • 25 Nov
  • The Real Deal
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Homelessness spikes in LA despite booming economy

A row of tents in Downtown L.A. in August 2017 (Credit: iStock) Homelessness is getting worse in Los Angeles despite economic indicators that say otherwise. In Los Angeles County, officials released a statement in May announcing that ...

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  • 25 Nov
  • The Real Deal
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Why Chase is turning to Pinterest to take on the “most competitive market” of the last two decades

Screenshot of Chase Dream Board landing page (Credit: Pixabay) JPMorgan Chase’s new customized Pinterest boards are meant to simulate a dream renovation, with only the smallest dose of reality. The boards, generated by filling out a ...

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  • 25 Nov
  • The Real Deal
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Feds order admitted arsonist to pay $123M

Furniture warehouse fire in Woodridge. (Credit abc7 Chicago) The federal government is ordering a man to pay $122.6 million for setting fire to a furniture warehouse in Woodridge. The government this month filed a lien in that amount ...

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  • 25 Nov
  • The Real Deal
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Most Americans claim they live in the ‘burbs, including 45% of Angelenos

(Credit: Wikimedia Commons, Birth.Movies.Death.) It turns out the U.S. is a majority-suburban country, according to the responses to a new question in HUD’s biannual housing survey. The results of the 2017 American Housing Survey ...

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  • 25 Nov
  • The Real Deal
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