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Month: March 2019

It ain’t easy being green: MedMen cannabis startup in financial straits, report says

Medmen execs Adam Bierman, Andrew Modlin, and MedMen’s DTLA location As it opened up dispensaries across the country, MedMen has been the poster child for the fast-growing mainstream cannabis industry. But a new report suggests the Los ...

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  • 28 Mar
  • The Real Deal
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Real Trends website hacked after release of brokerage ranking

Real Trends president Steve Murray (Credit: Hiban Digital and iStock) Real Trends’ website was hacked just hours after the firm released its latest brokerage rankings. President Steve Murray announced in an email that “someone who ...

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  • 27 Mar
  • The Real Deal
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JLL’s “corrupt” culture enabled “securities fraud” and sexual harassment, broker alleges in lawsuit

Amanda Ly, Jerry Cain and Matilde Attolico A former JLL capital markets broker claims in a lawsuit that her supervisor ordered her to commit securities fraud and enabled clients to sexually harass her, and that the company ignored her ...

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  • 27 Mar
  • The Real Deal
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Homeowners are rushing to refi mortgages as rates drop

Large money managers are buying Treasuries and interest rate swaps in an effort to offset lost income from mortgages. (Credit: iStock) Homeowners throughout the country are looking to refinance their mortgages thanks to lower borrowing ...

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  • 27 Mar
  • The Real Deal
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Ellen DeGeneres looks to flip Beverly Hills manse for $18M

Ellen DeGeneres and her home she listed on the market What does six months and some star power add to a Beverly Hills mansion? Ellen DeGeneres hopes it will add about $3 million. The talk show host has listed her home on Maytor Place ...

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  • 27 Mar
  • The Real Deal
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Warren Buffett’s HomeServices is now the largest resi brokerage in the country

Warren Buffett’s firm has toppled Realogy’s NRT as the largest residential brokerage (Credit: Getty Images and iStock) HomeServices of America’s push to expand has paid off. Warren Buffett’s firm has toppled Realogy’s NRT as the ...

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  • 27 Mar
  • The Real Deal
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Chinese media company founder lists Beverly Hills mansion for $32M

Entertainment executive James Wang has listed his Beverly Hills home on Oak Pass Road for $32 million (Credit: Joe Fletcher/Walker Workshop) James Wang, founder of one of China’s largest entertainment firms, has listed his Beverly ...

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  • 27 Mar
  • The Real Deal
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The We Company’s bonds slide on news of doubled losses

The We Company CEO Adam Neumann (Credit: Getty Images) The We Company saw its bond prices dip on Tuesday, following reports that the company’s losses had doubled in 2018 to $1.93 billion. The value of the company’s bonds fell to 91 ...

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  • 27 Mar
  • The Real Deal
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Compass poaches Tyrone McKillen and team from Hilton & Hyland

From left: Tyrone McKillen , Robert Reffkin and 908 Bel Air Road (Credit: Hilton & Hyland and Pulse Development Group) Compass is on a Los Angeles poaching spree — this time it turned to Hilton & Hyland and Coldwell Banker ...

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  • 26 Mar
  • The Real Deal
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New York landlord sees backlash over facial recognition

249 Thomas S. Boyland Street and 216 Rockaway Avenue at Atlantic Plaza Towers in Brownsville (Credit: iStock) A massive multifamily owner who plans to install facial recognition scanners at a rent-regulated complex in Brooklyn is ...

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  • 26 Mar
  • The Real Deal
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