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Month: April 2019

Union Bank vacating about half its space at Union Bank Plaza: sources

Union Bank Plaza and CEO of Union Bank Steve Cummings (Credit: Wikipedia) Union Bank is close to completing a deal that would sharply reduce its space at Union Bank Plaza in Downtown Los Angeles, The Real Deal has learned. The bank, an ...

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  • 11 Apr
  • The Real Deal
  • Uncategorized
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You think San Fran’s housing market is crazy now? Wait ’til the IPOs hit

San Francisco (Credit: iStock) What could push the already piping hot San Francisco housing market into the stratosphere? How about a surge of new millionaires and billionaires? The market is ramping up in anticipation of the wave of ...

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  • 11 Apr
  • The Real Deal
  • Uncategorized
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Keller Williams’ killer tech strategy? Copy Redfin.

Keller Williams’ Josh Team and Redfin’s Glenn Kelman (Credit: iStock) Keller Williams is seeking to copy Redfin’s tech to beat the brokerage at its own game. Keller Williams President Josh Team noted that the real estate industry is ...

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  • 11 Apr
  • The Real Deal
  • Uncategorized
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MCAP Partners adds another multifamily project in Hollywood

Alex Massachi and a rendering of the project MCAP Partners is squeezing all it can out of Orange Drive. The local developer has filed plans to build a 24-unit project on the Hollywood street, set to rise a few steps from where it is ...

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  • 10 Apr
  • The Real Deal
  • Uncategorized
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LA County considers bid to buy Southwest Museum of the American Indian

Supervisor Hilda Solis and the museum Los Angeles County could become the next owner of the Southwest Museum of the American Indian in Mt. Washington. The L.A. County Board of Supervisors is considering a bid to acquire the 12-acre ...

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  • 10 Apr
  • The Real Deal
  • Uncategorized
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LA County extends temporary rent control measure, expands scope

The Los Angeles County Board of Supervisors The Los Angeles County Board of Supervisors is extending and expanding its temporary rent control ordinance on unincorporated communities. The board voted to extend the temporary 3 percent ...

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  • 10 Apr
  • The Real Deal
  • Uncategorized
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Miami developer among parents facing new charges in college admissions scandal

Robert Zangrillo Miami developer Robert Zangrillo is among the 16 parents now facing additional charges in the Justice Department’s largest-ever college admissions investigation. Zangrillo was among the 33 parents indicted in March for ...

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  • 10 Apr
  • The Real Deal
  • Uncategorized
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Priced out: Inglewood struggles to protect longtime residents amid wave of development

Inglewood Mayor James Butts  With a $5 billion sports complex under construction and hundreds of millions more spent on residential and commercial real estate investments, Inglewood has been transforming fast. But it’s not to the ...

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  • 10 Apr
  • The Real Deal
  • Uncategorized
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An offer they really couldn’t refuse: Al Capone’s former house sells for more than twice asking

Al Capone and his former home (Credit: Wikipedia and Realtor) A South Side two-flat where gangster Al Capone lived after moving from New York sold for more than twice its asking price. The 2,800-square-foot building at 7244 South ...

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  • 10 Apr
  • The Real Deal
  • Uncategorized
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LA County Museum’s expansion clears hurdle — with some celebrity assistance

From left: Brad Pitt and LACMA director and CEO Michael Govan The L.A. County Museum of Art’s planned $650 million expansion got a big boost from the county, with a help from Bard Pitt and Diane Keaton. The county Board of Supervisors ...

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  • 10 Apr
  • The Real Deal
  • Uncategorized
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