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Month: March 2019

LaTerra gets go-ahead for second complex in 246-unit East Hollywood development

Charles Tourtellotte, president and CEO of LaTerra Development, with Los Feliz I on Hollywood Boulevard LaTerra Development received approval for its 96-unit apartment complex in East Hollywood, after having already been granted the ...

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  • 08 Mar
  • The Real Deal
  • Uncategorized
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Is co-working’s latest amenity onsite doctors?

Eden Health CEO Matt McCambridge and Convene CEO Ryan Simonetti (Credit: iStock) Beer on tap, fitness centers, child care…and now doctors? Amenities in co-working spaces have evolved as the concept has grown more popular, and now one ...

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  • 08 Mar
  • The Real Deal
  • Uncategorized
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Zillow sued over hacked listing of California mansion

Bruce Makowsky and 924 Bel Air Road (Credit: Wikipedia and Zillow) What may be the first-ever hijacking of an active real-estate listing online — a palatial mansion overlooking the Pacific Ocean in Bel Air, California — has led to a ...

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  • 08 Mar
  • The Real Deal
  • Uncategorized
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Mitsui Fudosan’s DTLA tower project faces renewed opposition

John Westerfield is CEO of MFA and a rendering 8th & Fig (Credit: DLANC) In January, Los Angeles city officials dismissed an appeal from a labor union to prevent the planned construction of Mitsui Fudosan America’s 438-unit ...

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  • 07 Mar
  • The Real Deal
  • Uncategorized
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Airbnb to buy HotelTonight, marking company’s biggest acquisition

From left: Airbnb CEO Brian Chesky and HotelTonight CEO Sam Shank (Credit: Getty Images) Airbnb is expanding its portfolio of lodging services with its planned acquisition of HotelTonight. The deal, which is reported to be valued ...

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  • 07 Mar
  • The Real Deal
  • Uncategorized
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Yippie ki yay: Bruce Willis scores new Brentwood manse

Bruce Willis and his new Brentwood Mansion (Credit: Getty Images and Variety) Bruce Willis is buying in Brentwood. The actor and his wife, Emma Heming, paid $9.8 million for a 13,000-square-foot home in the Westside neighborhood, ...

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  • 07 Mar
  • The Real Deal
  • Uncategorized
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LA is top target for US real estate investors in 2019: report

Los Angeles has been the top target for commercial real estate investment in the country since 2016 (Credit: Wikipedia and iStock) Despite signs of a slowing housing market and other warning lights in the real estate market, Los ...

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  • 07 Mar
  • The Real Deal
  • Uncategorized
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StarPoint sells Santa Monica dirt for $65M

StarPoint CEO Paul Daneshrad and 1733 Ocean Avenue StarPoint Properties has sold the ground underneath an office building on Santa Monica’s Ocean Avenue. The $65 million sale was for the dirt at 1733 Ocean Avenue, where Terra Capital ...

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  • 07 Mar
  • The Real Deal
  • Uncategorized
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New York still global elite’s favorite place to buy real estate: report

The Ascent of Billionaire Money (Chart via Knight Frank’s The Wealth Report) The New York market may have cooled in 2018, but the city is still appears to be the most popular place in the world for prime property investment. New York ...

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  • 07 Mar
  • The Real Deal
  • Uncategorized
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Silverstein, Cantor Fitzgerald to raise nearly $2B Opportunity Zone fund

Howard Lutnick and Larry Silverstein (Credit: Getty Images and iStock) Silverstein Properties and Cantor Fitzgerald are looking to raise almost $2 billion for an Opportunity Zone fund. The joint venture will target primary metropolitan ...

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  • 07 Mar
  • The Real Deal
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