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Month: March 2019

South LA firm expands into Hollywood with apartment complex purchase

The apartments at 5727 La Mirada Avenue under construction last May (Credit: Google Maps) A South Los Angeles-based firm is expanding its reach into Hollywood’s multifamily market. DavHan Inc. purchased a 28-unit building that was ...

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  • 18 Mar
  • The Real Deal
  • Uncategorized
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Outside agents notch a victory over Opendoor. But it may be short-lived.

Opendoor CEO Eric Wu revealed that the iBuying company had removed the “Buy It Now” button from its website and app. Over the last decade, agents have been squeezed by the proliferation of online listings portals and automated ...

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  • 18 Mar
  • The Real Deal
  • Uncategorized
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Crown Equity lists West Hollywood retail site for around $40M

Michael Shabani and 8840 Beverly Boulevard (Credit: Getty Images) Real estate investment firm Crown Equity is marketing a fully-leased retail property in West Hollywood, The Real Deal has learned. The property at 8840 Beverly Boulevard ...

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  • 18 Mar
  • The Real Deal
  • Uncategorized
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New Opportunity Zone funds seek to ensure investments help distressed areas

An affordable housing project Investors are hoping to raise billions of dollars for Opportunity Zones projects across the country, but critics worry little of that money will go to the troubled neighborhoods the federal tax incentive ...

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  • 18 Mar
  • The Real Deal
  • Uncategorized
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LA’s top multifamily investment sales of February

From left: The Miro Apartments, 9229 Sepulveda Boulevard, and 11905 Ferris Road Major multifamily deals stretched across Los Angeles County last month, with Blackstone’s purchase of a 100-unit apartment complex in Santa Fe Springs ...

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  • 18 Mar
  • The Real Deal
  • Uncategorized
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Related’s Hudson Yards: Smart City or Surveillance City?

An exterior shot of the Vessel and a kiosk as Hal 9000 at Hudson Yards (Credit: Wikipedia) In a scene from “Gattaca,” the dystopian 1997 film set in the “not too distant future,” dozens of people are seen entering the Gattaca Aerospace ...

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  • 17 Mar
  • The Real Deal
  • Uncategorized
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That’s hot: Paris Hilton’s former playpen seeks $30K monthly

Paris Hilton’s house in the 2000s (Credit: Getty, Realtor.com) A Hollywood Hills home with as much glam as its former owner, Paris Hilton, has hit the market as a rental for $30,000 monthly. Though the socialite hasn’t lived in the ...

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  • 17 Mar
  • The Real Deal
  • Uncategorized
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Crime scene for sale: Appraiser assesses dark side of famous properties

Tate house at 10050 Cielo Drive and appraiser Randall Bell (Credit: Landmark Research Group, Wikimedia Commons) While Southern California is used to listings that push every connection to the rich and glamorous, L.A.-based appraiser ...

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  • 17 Mar
  • The Real Deal
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Vancouver mansions are renting at bargain prices amid correction

Vancouver and college kids (Credit: Wikimedia Commons, Pixabay) Vancouver’s residential market has become so fraught that hundreds of the city’s multimillion-dollar mansions are renting at prices affordable to local students. Around ...

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  • 17 Mar
  • The Real Deal
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“The beautiful señorita”: Architect David Childs talks inspiration at 35 Hudson Yards

It’s not all angular glass and steel rising above the old rail yards on the Far West Side. While the office buildings and vertical mall have garnered the most attention, the condominium building at 35 Hudson Yards is the “beautiful ...

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  • 16 Mar
  • The Real Deal
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