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Month: March 2019

Ken Griffin considered moving Citadel to NYC, until backlash against Amazon

Ken Griffin and Long Island City (Credit: iStock) Ken Griffin, the billionaire CEO of Citadel, considered uprooting the Chicago-based hedge fund and moving to New York — until the backlash against Amazon’s plans for a new campus in ...

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  • 14 Mar
  • The Real Deal
  • Uncategorized
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California Home Builders lands $90M construction loan for Warner Center project

U.S. Bancorp’s Andy Cecere and a rendering of the project California Home Builders landed a construction loan for Q West, a big residential project set to rise at Warner Center. The project is one of three developments California Home ...

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  • 14 Mar
  • The Real Deal
  • Uncategorized
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Alphabet could use Hudson Yards as template to finance Toronto megaproject

Sidewalk Labs CEO Dan Doctoroff with a rendering of Alphabet’s project in Toronto (top) and Hudson Yards (bottom). (Credit: Sidewalk Labs and Twitter) Alphabet, Google’s parent company, may look to Hudson Yards as a model for how to ...

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  • 14 Mar
  • The Real Deal
  • Uncategorized
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East Hollywood development site is listed as “shovel-ready.” There’s one problem

A rendering of 5430 Virginia Avenue (Credit: Vanguard Investments) “Shovel-ready,” as the term would imply, means construction can begin. A 15,000-square-foot lot in East Hollywood is being listed as shovel-ready, even though the owner ...

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  • 14 Mar
  • The Real Deal
  • Uncategorized
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Steve Wynn’s Opportunity Zones meeting with Treasury Department officials raises eyebrows

From left: Steven Mnuchin and Steve Wynn (Credit: Wikipedia) Steve Wynn is a fan of Opportunity Zones, too, evidently. The disgraced casino mogul met with Treasury Department officials last June to discuss the federal tax incentive ...

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  • 14 Mar
  • The Real Deal
  • Uncategorized
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LAX gets moving on planned $5B mass transit project

A rendering of the People Mover tram from 2017 and traffic near LAX More than 87 million passengers went through Los Angeles International Airport last year, and most if not all had to fight through traffic to get there and come back. ...

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  • 14 Mar
  • The Real Deal
  • Uncategorized
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Kennedy Wilson shops Marina Del Rey office-retail complex for $60M

Kennedy Wilson CEO William McMorrow and 13274 Fiji Way (Credit: LoopNet) Kennedy Wilson is shopping a nearly fully-leased office and retail complex in Marina Del Rey for $60 million, or $790 per square foot, The Real Deal confirmed. ...

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  • 13 Mar
  • The Real Deal
  • Uncategorized
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Climate change-related flooding threatens $150B in California real estate: report

Flooding in the coastal town of Guerneville, California in the 1980s That’s a lot of people and a lot of property. A study by the U.S. Geological Survey found that around half a million Californians and $150 billion in coastal real ...

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  • 13 Mar
  • The Real Deal
  • Uncategorized
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A bunch of teenagers are helping develop one of NYC’s hottest neighborhoods

The South Bronx Waterfront overlayed by teens (Credit: Curbed NY, SVG Silh, and Pixabay) Who’s building up the South Bronx waterfront? Sure, $160-billion real estate developer Brookfield Properties is at the helm. But there are also a ...

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  • 13 Mar
  • The Real Deal
  • Uncategorized
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Morgan Stanley, Silverpeak refi 2 former industrial spaces in Arts District

2301 East 7th Street and 1700 Santa Fe Avenue A real estate investor who has an enormous apartment project slated for Downtown, has closed a $62 million refinance deal on two repurposed properties in the Arts District. Daryoush Dayan ...

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  • 13 Mar
  • The Real Deal
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