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Month: April 2019

LA homeowners’ $760B in real estate equity is tops in nation: report

Los Angeles (Credit: iStock) Los Angeles and Orange County homeowners collectively have $760 billion in real estate equity, tops in the nation. With median-priced homes remaining out of reach. for average-earning residents in the U.S., ...

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  • 08 Apr
  • The Real Deal
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“Yolanda,” LA’s “real estate yenta,” strikes deal with Variety parent company

James McClain It’s been a whirlwind year for James McClain, the former Compass employee and — formerly — hidden force behind celebrity real estate gossip blog, Yolanda’s Little Black Book. Less than a year after being outed as ...

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  • 08 Apr
  • The Real Deal
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Rust Belt revitalization: Cities using municipal bonds to redevelop shuttered plants

A rendering of the project (Credit: Instagram) Struggling Rust Belt cities are working to turn around their fortunes by redeveloping vacant industrial plants — and are using a familiar, if risky, financing mechanism to jump start the ...

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  • 08 Apr
  • The Real Deal
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Developer will build resi complex at former site of Debbie Reynolds dance studio

Debbie Reynolds and her former dance studio (Credit: Flickr and Google Maps) The North Hollywood property that used to house Debbie Reynolds’ dance studio is on its way out. Investor Alan Kleinman filed plans for a 119-unit mixed-use ...

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  • 08 Apr
  • The Real Deal
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“Socialist caucus” in Chicago City Council could put new force behind affordable housing push

From left: Byron Sigcho-Lopez, Jeanette Taylor, and Daniel La Spata with Chicago’s City Hall (Credit: iStock and Facebook) Three days after a group of self-described Democratic Socialists declared victory in their respective races for ...

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  • 07 Apr
  • The Real Deal
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Fancy a dip? Here’s how much value pools add to homes

In Los Angeles, a pool can add over $95,390 in value to a property (Credit: iStock) How much extra would you pay for a house with pool? In Los Angeles, a pool can add over $95,390 to a property’s value, while in Austin, Texas, the ...

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  • 07 Apr
  • The Real Deal
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Petra Ecclestone chops another $15M off Spelling Manor

Petra Ecclestone and Spelling Manor (Credit: Getty, Realtor.com) Looks like no one is racing to buy the home of Formula One heiress, Petra Ecclestone. The daughter of billionaire Bernie Ecclestone has re-listed her 56,500-square-foot ...

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  • 07 Apr
  • The Real Deal
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How Airbnb is taking on local competitors amid push into China

Nathan Blecharczyk, Airbnb cofounder, and Beijing (Credit: Airbnb, Pixabay) Airbnb is making a big push into China, hoping to plant a flag in the country’s nascent home-sharing market. Unlike some of its competitors, Airbnb has built ...

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  • 06 Apr
  • The Real Deal
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How institutional investors are factoring climate change into real estate deals

From left: Moderator and WLRN vice president of news Tom Hudson, Urban Land Institute’s Billy Grayson and Heitman’s Laura Craft The impacts of climate change are spurring institutional investors to consult imaging maps, computer models ...

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  • 06 Apr
  • The Real Deal
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Bond Collective eyes Chicago, LA and beyond for its co-working expansion

Bond Collective CEO Shlomo Silber and a Bond Collective office (Credit: Bond Collective) Bond Collective is the latest co-working firm expanding to Chicago, with plans to add 100,000 square feet of luxury shared offices in the city ...

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  • 06 Apr
  • The Real Deal
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