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Month: January 2019

Two-Buck Chuck time: Venice set to get first Trader Joe’s

Trader Joe’s CEO Dan Bane Trader Joe’s is coming to Venice, another indicator that the Westside neighborhood has reached true gentrified status. The tiki-nautical themed grocery store chain has filed plans for a new 15,000-square-foot ...

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  • 25 Jan
  • The Real Deal
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Guilty conscience? Mark Zuckerberg plans $500M affordable housing fund in Bay Area

San Francisco and the Facebook like button holding cash (Credit: Wikipedia and Pixabay) A week after Microsoft announced a $500 million investment for affordable housing in Seattle, Bay Area tech companies are preparing a $500 million ...

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  • 24 Jan
  • The Real Deal
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Here are LA County’s top 5 retail sales of December

1400 Redondo Beach Boulevard and 2860 W Olympic Boulevard (Credit: Redfin and Loopnet) Shoppers must have been too busy spending at the stores to be thinking of buying retail properties in December. The top five sales combined for just ...

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  • 24 Jan
  • The Real Deal
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Home builder stock prices are up, ending months-long decline

Home builders are feeling more confident in January There are promising signs in the housing market — share prices of the nation’s largest home-building companies are up. Builder confidence also ticked up slightly this month after ...

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  • 24 Jan
  • The Real Deal
  • Uncategorized
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Leaving the front door open: Millions of mortgage docs exposed online

(Credit: Pixabay) A giant cache of 24 million documents from credit and mortgage reports was exposed online for about two weeks, according to a TechCrunch report posted Wednesday. Because it was not protected with a password, the 51 GB ...

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  • 24 Jan
  • The Real Deal
  • Uncategorized
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Santa Monica votes to preserve 11th Street bungalows

(Credit: Facebook) Thirty years after it was first proposed, the Santa Monica City Council unanimously voted to designate a group of Craftsman bungalows as the city’s fourth historic district. The 11th Street Bungalow Historic District ...

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  • 24 Jan
  • The Real Deal
  • Uncategorized
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WeWork nearing deal to occupy Hudson Pacific’s Maxwell project in Arts District: sources

From left: Adam Neumann & Victor Coleman (Credit: Getty Images) Coworking giant WeWork is close to signing a deal to occupy the entire Maxwell redevelopment project in the Arts District, which would total about 100,000 square feet ...

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  • 24 Jan
  • The Real Deal
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South Korean game developer buys DTLA’s Pettebone for $22M

NHN Entertainment CEO Ujin Chung and RYDA Ventures principals Daniel and Ryan Neman NHN Global, a South Korean video game developer, is the new owner of the Pettebone Building in Downtown L.A. Historic Cultural Monument that recently ...

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  • 24 Jan
  • The Real Deal
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Ken Griffin pays $238M for Manhattan penthouse, record for priciest US home

Ken Griffin and 220 Central Park South Hedge funder Ken Griffin has closed on a massive penthouse at 220 Central Park South, paying a record-shattering $238 million, according to sources familiar with the deal. The Citadel founder has ...

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  • 23 Jan
  • The Real Deal
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Here are LA County’s top 5 office sales of December

UTA Plaza and Stuart Shiff (Credit: The Location Portal) While Silicon Valley tech firms were busy leasing large swaths of Los Angeles office space, a mix of buyers capped off 2018 with wide-ranging purchases of office complexes. The ...

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  • 23 Jan
  • The Real Deal
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