Month: March 2019

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 Angeles-based startup could be running on fumes. Financial statements released last month showed that the company did not…

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 didn’t want you to have access to our REAL Trends 500 report hired a hacker to attack the REAL Trends…

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 repeated complaints. Amanda Ly, who worked in JLL’s Los Angeles office until December, says that JLL…

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 costs, contributing to a sharp government bond rally. The recent bump in refinancings means investors who own the debt might…

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 for $17.9 million, according to Yolanda’s Little Black Book. That’s roughly…

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 largest residential brokerage in the country, according to a new ranking from Real Trends. Its rise to the top of…

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 Hills mansion. The so-called ‘Upside Down’ house is on the market for $32 million, the Wall Street Journal reported. The…

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 cents on the dollar, down from 92.6 cents the day before, the Financial Times…

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 for new talent. The New York-based brokerage has recruited top agent Tyrone McKillen and his…

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 facing the ire of residents who fear they could be surveilled. Tenants at Nelson Management’s 700-unit Atlantic Plaza Towers in…