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Month: April 2019

Risky business: Marijuana dispensaries present high risk, high reward for landlords, brokers say

From left: Matt Ginder, Nick Hansen, Tara Tredow, and Dan Dietz Landlords who rake in rents from medical marijuana dispensaries may put their commercial bank accounts and title insurance at risk, according to cannabis real estate ...

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  • 20 Apr
  • The Real Deal
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Zillow sues Compass for poaching execs, allegedly stealing trade secrets

Zillow CEO Richard Barton and Compass CEO Robert Reffkin (Credit: Zillow, Compass, iStock). Zillow Group slammed Compass with two lawsuits late Friday, alleging the SoftBank-backed brokerage hired three executives in violation of their ...

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  • 19 Apr
  • The Real Deal
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This week in celeb real estate: Lindsey Buckingham in Brentwood and Adam Levine in Beverly Hills list their big-ticket homes… and more

From left: Behati Prinsloo and Adam Levine with their home, and Peter Morton and his home (Credit: Getty Images, Zillow and Wikipedia) In this week’s celebrity real estate, two big-name musicians have listed their equally big-ticket ...

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  • 19 Apr
  • The Real Deal
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Everywhere a sign: New home construction falls in March

U.S. new home construction is down (Credit: iStock) Adding another sign that the housing market is slowing down, new home construction in the U.S. fell last month to its lowest level since May 2017, despite declining mortgage rates. ...

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  • 19 Apr
  • The Real Deal
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Affordable housing developer’s new mixed-complex adds to growing list in Boyle Heights

Isela Gracian, president of East LA Community Corp, and the project site at 113 S. Soto Street (Credit: Google Maps) East LA Community Corporation, an affordable housing developer, is adding to its list of projects for low-income ...

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  • 19 Apr
  • The Real Deal
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Blackstone will pay rent-stabilized tenants in New York $1M. It won’t stop the lawsuit.

From left: Blackstone’s Jonathan Gray, Kathleen McCarthy, and Kenneth Caplan with the Parker Towers at 104-20 Queens Boulevard in Queens Blackstone Group will pay about $1.1 million in refunds to rent-stabilized tenants at Parker ...

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  • 19 Apr
  • The Real Deal
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Mill Creek Residential moves ahead with 276-unit Hollywood project

Mill Creek Residential CEO William MacDonald and a rendering of Modera Argyle Mill Creek Residential has taken a big step forward with its planned 276-unit mixed-use project in Hollywood. The city has published its environmental review ...

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  • 19 Apr
  • The Real Deal
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Real estate investors see safe harbor in New York, LA but wary of Chicago: survey

New York, Los Angeles and Chicago (Credit: iStock) Amazon’s pull-back and Albany’s political tumult aren’t enough to keep international real estate investors from seeing New York City as the safest place in the world to park their ...

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  • 19 Apr
  • The Real Deal
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Daum commercial brokerage helped procure space for illegal pot shop, city lawsuit says

Mike Feuer, Los Angeles City Attorney The Los Angeles City Attorney’s Office is accusing Daum Commercial Real Estate and a landlord of helping procure a space for an unlicensed cannabis dispensary in South L.A., which the city says ...

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  • 18 Apr
  • The Real Deal
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Here are LA County’s top 5 retail sales in March

16540-16548 Soledad Canyon Road and Gelson’s Market (Credit: Google Maps and WEHOville) Los Angeles investors spent a combined $66 million on the five biggest retail deals last month, roughly half the total shelled out in February. The ...

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  • 18 Apr
  • The Real Deal
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