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Month: April 2019

Airbnb leads $160M funding round alongside RXR, Tishman for hospitality startup

Lyric CEO Andrew Kitchell and Airbnb CEO Brian Chesky A hospitality startup that provides short-rentals for professionals has closed on a $160 million funding round led by Airbnb. Lyric, which partners with landlords to provide units ...

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  • 18 Apr
  • The Real Deal
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Former LA planning commissioner joins real estate group at Sheppard Mullin

Robert Ahn Former city planning commissioner Robert Lee Ahn, whose term was marked by what has become a Downtown development boom, has joined the real estate division of Sheppard, Mullin, Richter & Hampton. As Special Counsel in ...

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  • 18 Apr
  • The Real Deal
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Hard Rock Cafe co-founder lists Trousdale home with a murderous past

Peter Morton and his home (Credit: Wikipedia) The home in the exclusive Trousdale Estates has a dark past, one that includes a brutal knife-slaying and allegations of pornography and prostitution. And now Peter Morton wants nothing to ...

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  • 18 Apr
  • The Real Deal
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Bank OZK continued aggressive condo lending in Q1

Bank OZK’s George Gleason Bank OZK is showing no signs of curbing its construction lending this year. Little Rock-based Bank OZK, formerly known as Bank of the Ozarks, reported first quarter earnings that beat analysts’ estimates, as ...

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  • 18 Apr
  • The Real Deal
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Big investors are getting into cannabis

(Illustration by Zach Meyer) Churchill Real Estate Holdings’ Justin Ehrlich made a name for himself as a New York developer snapping up distressed Manhattan buildings during the financial crisis and turning them into luxury condos. But ...

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

The top five office investment sales of March March was a busy month for office trades, but a blockbuster trade for Class A space at the Lantana Campus in Santa Monica easily topped them all. Here’s a look at the top trades last month. ...

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  • 17 Apr
  • The Real Deal
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City officials pave the way for a 167-key Marriott to rise near USC

Marriott CEO Arne Sorenson and the University of South California (Credit: iStock)  A hotel may soon stand where affordable housing was once planned. On Tuesday, the Los Angeles City Council voted to advance a project that would bring ...

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  • 17 Apr
  • The Real Deal
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What are the odds? Rare Las Vegas Strip casino hits the market

Blackstone Group CEO Stephen Schwarzman and the Cosmopolitan of Las Vegas (Credit: Getty Images and Wikipedia) The Cosmopolitan hotel and casino was one of the biggest failures of the Las Vegas Strip in the last decade. Now, five years ...

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  • 17 Apr
  • The Real Deal
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Trump private club could be target of new NY tax bill

Trump National Golf Club Westchester and David Carlucci (Credit: Trump Organization) The golf industry is pushing back against a new bill that could raise property taxes for golf course owners in New York. The proposed legislation ...

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  • 17 Apr
  • The Real Deal
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The Real Deal LA’s spring issue is now available to all subscribers!

The Real Deal’s Spring 2019 issue The Real Deal Los Angeles’ spring issue is live, and digital subscribers to TRD are getting the first look at what’s inside. Subscribers now have access to stories including: — WeHo’s Weed happening: ...

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  • 17 Apr
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