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Month: March 2019

Founder of LA’s Koreatown dies at 79

Hi Duk Lee, the founder of the world’s largest Koreatown neighborhood in the heart of L.A. (Credit: Vimeo) Hi Duk Lee, the founder of the world’s largest Koreatown neighborhood in the heart of L.A., died this month after battling ...

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  • 31 Mar
  • The Real Deal
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Amid rising costs, LACMA scales back — slightly — big expansion

LACMA director and CEO Michael Govan The Los Angeles County Museum of Art’s massive expansion will be a little smaller than first advertised. A new environmental impact report shows that the $650 million expansion will now add 347,000 ...

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  • 31 Mar
  • The Real Deal
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Bye bye bidding wars? Slowing market brings less competition for buyers

In the first three weeks of March, about 16 percent of buyer offers faced a bidding war (Credit: iStock) So long are the days of competitive buyers and numerous bids — at least for now. A new report finds that homebuyers today are ...

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  • 31 Mar
  • The Real Deal
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Redfin taps into Netflixs “Queer Eye” star power

Bobby Berk, the home redecorating expert on the Netflix show “Queer Eye” is teaming up with Redfin (Credit: Getty) Redfin has a new public face, at least for the time being: Bobby Berk, the home redecorating expert on the Netflix show ...

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  • 31 Mar
  • The Real Deal
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Taking off: Hudson Yards now has flying cars for CRE tenants

[video_embed][/video_embed] Flying cars have landed at Hudson Yards. UPDATED March 30, 2019 8:30 a.m.: Through a partnership with Blade, a $150 million transportation startup, office tenants at Related Companies’ megadevelopment have ...

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  • 30 Mar
  • The Real Deal
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South Florida construction starts plummet in February

Construction in South Florida South Florida construction starts plummeted for the second straight month. Total construction starts declined 63 percent on a year-over-year basis in February to $589 million, according to a new report by ...

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  • 30 Mar
  • The Real Deal
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WeWork expands private event booking service to Chicago

WeWork private event spaces in ChicagoAlex Nitkin As competitor Convene ramps up its expansion into Chicago, WeWork is inviting members and non-members alike to book private events at several of its local offices. The co-working giant ...

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  • 30 Mar
  • The Real Deal
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This week in celeb real estate: Ellen DeGeneres looks to flip Beverly Hills home, Elvis’ former pad sells…and more

From left: Ellen DeGeneres and her home she listed on the market, and Harry Morton, and Elvis and Priscilla Presley (Credit: Getty Images, Wikipedia, and Realtor) Ellen DeGeneres can always be counted on to generate some activity in ...

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  • 29 Mar
  • The Real Deal
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Wave of NYC hotel openings see operators trying new tactics to boost business

The Crown Building at 730 5th Avenue and a “Cosy” small room at the Hoxton at 97 Wythe Avenue in Williamsburg (Credit: Aman and Hoxton) There are an unprecedented number of new hotel projects opening in New York City. And operators are ...

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  • 29 Mar
  • The Real Deal
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More LA landlords reject housing vouchers amid rising rents

Tents and belongings of the homeless line a street in downtown Los Angeles (Credit: Getty Images) Government subsidies are aimed at easing the housing crunch in Los Angeles, allowing those who can’t afford the city’s rising rents to ...

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  • 29 Mar
  • The Real Deal
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