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Month: February 2019

Here are the latest under 50-unit resi projects proposed in LA

6578 South West Boulevard (Credit: Google Maps) Incentives for developers from the Transit Oriented Communities program and Opportunity Zones created in President Trump’s tax overhaul are continuing to drive small-scale multi-family ...

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  • 26 Feb
  • The Real Deal
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After surpassing revenue target in 2018, CoStar reveals ambitious goal for 2023

CoStar CEO Andy Florance (Credit: CoStar via YouTube and Pixabay) Real estate data giant CoStar Group exceeded $1 billion in revenue in 2018. And by the end of 2023, it hopes to roughly triple that figure to $3 billion. Though tumult ...

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  • 26 Feb
  • The Real Deal
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L.A. Clippers, city, worried MSG would learn of Inglewood arena plans

From left: James Dolan, Steve Ballmer, and James Butts with a map of the proposed site Representatives for the City and the Los Angeles Clippers privately expressed concern almost three years ago that Madison Square Garden Company ...

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  • 26 Feb
  • The Real Deal
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Realogy stock hits all-time low

Realogy CEO Ryan Schneider (Credit: iStock) Realogy’s stock plunged 21 percent on Tuesday, as Wall Street reacted grimly to the company’s dismal earnings report. The stock closed at $14.14 per share after a volatile day of trading, ...

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  • 26 Feb
  • The Real Deal
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Steve Wynn takes control of “Girls Gone Wild” creator’s Bel Air mansion

From left: Joe Francis and Steve Wynn After years of trying, disgraced casino mogul Steve Wynn has finally wrested control of a Bel Air mansion from his legal foe, “Girls Gone Wild” creator Joe Francis. Wynn has been squabbling with ...

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  • 26 Feb
  • The Real Deal
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Paradise lost? Ashkenazy deal for Brookfield’s Atlantis resort in the Bahamas falls though

Ben Ashkenazy (left), Ric Clark, and the Atlantis Resort in the Bahamas (Credit: Getty Images and Nassau Paradise Island) Ashkenazy Acquisition Corporation has walked away from a deal with Brookfield Asset Management to acquire the ...

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  • 26 Feb
  • The Real Deal
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Nonprofit groups plan 110 affordable units in Sun Valley

Graham Espley-Jones, President of Western Community Housing and 11050 West Arminta Street (Credit: Google Maps) Two nonprofit groups are planning an affordable housing complex with 110 units in the Sun Valley area of the San Fernando ...

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  • 26 Feb
  • The Real Deal
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Northwood Investors lands $165M loan to refinance WeHo hotel

Northwood Investors CEO John Krukal and The London in West Hollywood Northwood Investors has refinanced the London West Hollywood, its first big luxury hotel acquisition on the West Coast. The privately held real estate investment firm ...

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  • 25 Feb
  • The Real Deal
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CIM mulls sale of former Trump Soho hotel

The Dominick at 246 Spring Street CIM Group might not own the former Trump Soho Hotel for much longer. The Los Angeles-based company is considering selling the property at 246 Spring Street, now known as the Dominick, according to ...

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  • 25 Feb
  • The Real Deal
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Nile Niami hosts $100K Burning Man-esque open house with camels, fire dancers

Nile Niami (Credit: the Society Group and YouTube) UPDATED, Feb. 25, 5:50 p.m.: In the race to host the most extravagant open house soiree in Los Angeles, spec home developer Nile Niami is running hard for the finish line. The ...

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  • 25 Feb
  • The Real Deal
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