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Month: April 2019

Unsubscribe! South Florida brokerages sued over text message spam

Agents sent “thousands” of texts about their listings, suit claims (Credit: iStock) Two South Florida brokerages face lawsuits alleging that their agents abused an automated texting service to market properties. Steven Grossberg filed ...

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  • 04 Apr
  • The Real Deal
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Mini refinancing boom is a boost for lenders

The volume of mortgage applications went up 18 percent last week from the week before (Credit: iStock) It’s a small piece of good news for banks in the slowing housing market. There has been a mini surge in mortgage and refinancing ...

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  • 04 Apr
  • The Real Deal
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Warner Music parent company pays $195M for Ford Factory building

Access Industries Founder Len Blavatnik and Warner Music CEO Stephen Cooper, with the property UPDATED, April 4, 3:06 p.m.: The Arts District’s newest tenant has found itself a new — but familiar — landlord. Access Industries, the ...

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  • 04 Apr
  • The Real Deal
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Long Beach discusses demolishing storied arena for new LA Angels stadium

Long Beach Mayor Robert Garcia and Long Beach Arena Long Beach city officials have discussed demolishing the Long Beach Arena, a decades-old mainstay, as they negotiate with the Los Angeles Angels over its future stadium. The Los ...

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  • 04 Apr
  • The Real Deal
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Opportunity Zones venture looking to raise $1B for projects in “America’s Heartland”

From left: Clayco CEO Bob Clark and Farpoint founding principal Scott Goodman (Credit: iStock) A pair of Chicago development firms are teaming up on a new Opportunity Zones venture, hoping to fund and build up to $20 billion in new ...

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  • 04 Apr
  • The Real Deal
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Patrick Soon-Shiong’s NantWorks buys Redondo Beach industrial park

From left:Timur Tecimer and Patrick Soon Shiong (Credit: Google Maps) The nation’s richest doctor has bought another property in the South Bay. An entity tied to NantWorks, a biotechnology company founded by billionaire Patrick ...

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  • 03 Apr
  • The Real Deal
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Home sale prices in Opportunity Zone jump 25%

Home prices are up in Opportunity Zones (Credit: iStock) With government officials projecting that more than $10 billion in private capital will pour into federal Opportunity Zones, real estate values in those areas are expected to ...

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  • 03 Apr
  • The Real Deal
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Long Beach wants landlords to pay tenant relocation fees

Long Beach city council members Lena Gonzalez & Mayor Robert Garcia Long Beach city officials want to make landlords who raise rents more than 10 percent pay up. Literally. An ordinance advanced this week requires property owners ...

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  • 03 Apr
  • The Real Deal
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RYDA Ventures plans live-work development in Silver Lake

Ryan and Daniel Neman from RYDA and 3303-3327 W. Sunset Boulevard (Credit: Google Maps) Developer RYDA Ventures is planning a live-work building with commercial space in Silver Lake, almost three years after purchasing a retail strip ...

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  • 03 Apr
  • The Real Deal
  • Uncategorized
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Miami is the most rent-burdened city in the country: report

A Little Havana Apartment Building (Credit: Flickr) More than a third of Americans are considered rent-burdened, meaning they spend at least 30 percent or more of their monthly income to pay for rent. A new report from Freddie Mac ...

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  • 03 Apr
  • The Real Deal
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