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Month: December 2018

Compass launches West Coast tech campus in Seattle

Compass CEO Robert Reffkin (Credit: iStock) Compass is launching a technology campus in Seattle geared toward building “real estate’s first-ever end-to-end platform,” and plans to hire at least 100 engineers. The SoftBank-backed ...

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  • 13 Dec
  • The Real Deal
  • Uncategorized
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Amazon is in no rush to add workers in LIC and Arlington

Jeff Bezos and Long Island City (Credit: Getty Images and iStock) Amazon caused a stir with its plan for two new campuses in Long Island City and Arlington — but don’t expect a quick move. It will take several years, if not a decade, ...

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  • 13 Dec
  • The Real Deal
  • Uncategorized
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A Valley home rented by Frank Sinatra, Marilyn Monroe, seeks $13M

From left: Frank Siantra and Marylin Monroe Frank Sinatra must have sung about “Love and Marriage” in this Chatsworth pad. A property once rented by the Sultan of Swoon — and where Marilyn Monroe was rumored to have carried on her ...

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  • 13 Dec
  • The Real Deal
  • Uncategorized
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Former Casper, HuffPost execs launch home renovation startup Block

Koda Wang and Luke Sherwin Block Renovation, a new startup founded by former Casper and HuffPost executives, wants to shake up the home renovation industry. The platform, launched Thursday, allows users to choose between design ...

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  • 13 Dec
  • The Real Deal
  • Uncategorized
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Las Vegas, Phoenix, showing signs of imminent housing slowdown

Las Vegas homes for sale (Credit: iStock) In Los Angeles and San Francisco, many homebuyers are still facing a competitive bidding process. But other pockets of the country are facing a growing glut of unsold homes. In markets like Las ...

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  • 13 Dec
  • The Real Deal
  • Uncategorized
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Newmark’s CEO Barry Gosin buys $8M worth of company stock

Newmark Group offices 125 Park Avenue and Barry Gosin (Credit: LoopNet) Newmark Group CEO Barry Gosin bought $8 million worth of company shares this week, sending the stock price climbing nearly 7 percent Tuesday. Gosin, who helped ...

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  • 13 Dec
  • The Real Deal
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Here are the under-50 resi projects proposed in LA last week

From left: 2347 W. Ocean View Ave., 2310 W. Ocean View Ave., and 1633 S. Camden Avenue (Google Maps) Developers filed for three projects under 50 units each in Los Angeles last week. If completed, the apartment buildings would add 52 ...

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  • 12 Dec
  • The Real Deal
  • Uncategorized
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Trump boosts federal resources to Opportunity Zones, as real estate investors keep pouring in

President Trump signing an Executive Order (Credit: Getty Images) For months, real estate investors and developers have been setting up multimillion-dollar Opportunity Zone funds, hoping to cash in on a federal program that offers tax ...

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  • 12 Dec
  • The Real Deal
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Developer secures $51M loan for office-hotel conversion

Vicky Shiff and Ethan Penner, Mosaic Real Estate Investors managing partners’ (Credit: Gary Leonard, Cambria Hotels) Ocean V, the hotel arm of developer PNK Group, has secured a $50.9 million loan to convert a dated Historic Core ...

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  • 12 Dec
  • The Real Deal
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Developer plots office conversion at Desmond’s building in Broadway

616 South Broadway, Los Angeles (Credit: Wikimedia Commons) Add another adaptive reuse project to the historic Broadway Theater District. Developer Afton Properties is looking to convert the former Desmond’s clothing store to a new ...

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  • 12 Dec
  • The Real Deal
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