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Month: January 2019

US home sales plummet, adding to fears of 2019 slowdown

Home sales fell in December The number of homes sold dropped sharply in December, raising fears that 2019 will be marked by a continued slowdown in the U.S. housing market. Sales of existing homes dropped 10.3 percent last month ...

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  • 22 Jan
  • The Real Deal
  • Uncategorized
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Developer Barry Shy slashes price on Beverly Hills estate – again

1024 Summit Drive and Barry Shy (MLS/Getty Images) Developer Barry Shy has once again cut the price of a Beverly Hills mansion that has been lingering on the market since early 2016. Shy first listed the estate at 1024 Summit Drive in ...

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  • 22 Jan
  • The Real Deal
  • Uncategorized
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With mounting inventory, sales and leases are slowing in DTLA: report

Downtown LA skyline (Getty) As a majority of the country begins to see signs of a looming housing correction, a slow down is beginning to creep through Downtown Los Angeles, where a construction boom has given way to a glut of housing ...

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  • 22 Jan
  • The Real Deal
  • Uncategorized
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Purplebricks is backtracking on its disruptive brokerage model

Purplebrickcs CEO Eric Eckardt Discount brokerage Purplebricks is taking a more traditional approach in the U.S. The company is changing its business model to offer sellers varying listing fees, which are only charged if and when a ...

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  • 22 Jan
  • The Real Deal
  • Uncategorized
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By the numbers: The climate catastrophe

Climate change’s ramifications for real estate developers and investors nationwide are becoming increasingly real. Though climate change is a political football in Washington, its ramifications for real estate developers and investors ...

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  • 22 Jan
  • The Real Deal
  • Uncategorized
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LA’s top multifamily investment sales of December

The three top multifamily trades of December 2018 As 2018 was coming to a close, multifamily investors inked Los Angeles’ largest deals on the eastside of the city. The largest asset to trade was a 168-unit complex in Koreatown, and ...

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  • 22 Jan
  • The Real Deal
  • Uncategorized
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Last call! Join the architect of the Opportunity Zone program at Future City 2019

One of the key architects of the Opportunity Zone legislation, Steve Glickman, will join Skybridge Capital’s Anthony Scaramucci and Youngwoo & Associates’ Young Woo, among others, at The Real Deal‘s Future City 2019 for a workshop ...

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  • 22 Jan
  • The Real Deal
  • Uncategorized
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Here are the under 50-unit resi projects proposed in LA last week

From left: 1433 Greenfield Avenue and5748 Brynhurst Avenue (Credit: Google Maps and Zillow) Developers filed for five projects for under 50 units each in Los Angeles last week. If completed, the apartment buildings would add 140 ...

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  • 21 Jan
  • The Real Deal
  • Uncategorized
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Bruce Willis looks to sell New York country estate for $13M

Bruce Willis and the estate at 340 Croton Lake Road in Bedford (Credit: Wikipedia and Houlihan Lawrence) Bruce Willis is hoping to sell his country estate in New York for $12.95 million. The 22-acre estate is near Bedford Corners, and ...

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  • 21 Jan
  • The Real Deal
  • Uncategorized
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Industrious inks lease with Coretrust at Citigroup Center, expanding LA reach

Katharine Lau, Senior Director of real estate for Industrious and the Citigroup Center tower in downtown Los Angeles (Credit: Wikimedia) Co-working company Industrious has inked a deal for its second Downtown Los Angeles location and ...

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  • 21 Jan
  • The Real Deal
  • Uncategorized
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