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Month: February 2019

California senator seeks to rein in local restrictions on development

Nancy Skinner (Credit: Twitter) A Bay Area senator has introduced a bill that could impose new limits on what local governments in California can do to restrain development in their jurisdictions, the latest law meant to ease the ...

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  • 21 Feb
  • The Real Deal
  • Uncategorized
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NRT CEO goes after Compass for “taking advantage” of its agents

Ryan Gorman and Robert Reffkin With a $4.4 billion valuation and a massive national expansion, Compass has become a major player in the brokerage landscape — and attracted its share of criticism. This time, it’s coming from NRT CEO ...

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  • 21 Feb
  • The Real Deal
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WeWork signs 40K sf lease in North Hollywood

WeWork signed a 40,000 square-foot lease at 5161 Lankershim Boulevard (Credit: Getty Images and Google Maps) Co-working giant WeWork is expanding its footprint in the San Fernando Valley. The firm signed a lease for 40,000 square feet ...

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  • 21 Feb
  • The Real Deal
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A 48-acre estate in Brentwood re-lists for $29M

The Amber Hills Estate in Brentwood has been relisted for $28.5 million The sprawling 48-acre Amber Hills Estate in Brentwood has hit the market again after the owner sliced $3 million off its asking price. Originally listed for $31.5 ...

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  • 21 Feb
  • The Real Deal
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Zillow CEO Spencer Rascoff is stepping down as his co-founder takes over

Spencer Rascoff and Rich Barton (Credit: Getty Images) Zillow Group is replacing CEO Spencer Rascoff with co-founder and former CEO Rich Barton, the company said in an SEC filing Thursday. Rascoff, also a co-founder, led Zillow as CEO ...

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  • 21 Feb
  • The Real Deal
  • Uncategorized
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LA’s top multifamily investment sales of January

From top left, clockwise: 1231 South Hill Street, Benedict CEO Ryan Somers and 4608–4640 Arden Way, marketed as “The Parker”, LACERA CEO Lou Lazatin, and The pool at the Landing at Long Beach (Credit: Google Maps and Wikipedia) The ...

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  • 20 Feb
  • The Real Deal
  • Uncategorized
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A 66-story tower in the pipeline could become LA’s third-tallest building

Renderings of the Figueroa Centre South Park, an area that was largely uninhabitable two decades ago, is undergoing a renaissance. In the latest example of the neighborhood’s transformation, a mixed-use complex is preparing to rise to ...

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  • 20 Feb
  • The Real Deal
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Developers cut 16 stories off 3rd and Fairfax project

Rendering of project proposed for 3rd and Fairfax (Credit: Google Maps) In the wake of community opposition, the developers of the 3rd and Fairfax mixed-use project in Beverly Grove have slashed the height of the building. Holland ...

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  • 20 Feb
  • The Real Deal
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Former Dodger looks to break record on $12M Encino mansion listing

Home on Haskell Avenue with Jimmy Rollins (Credit: Getty Images and JGold Group) Jimmy Rollins is looking to break a new record in Encino, and not the kind one might expect from a baseball star. The one-time Los Angeles Dodger, looking ...

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  • 20 Feb
  • The Real Deal
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Douglas Elliman to hold MeToo conference – and Bo Dietl will be part of it

Bo Dietl (Credit: Getty Images) Douglas Elliman is launching a “MeToo investigation platform” created by recent mayoral hopeful and private investigator Bo Dietl. The brokerage and Dietl are hosting a joint press conference on Thursday ...

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  • 20 Feb
  • The Real Deal
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