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Month: May 2019

Developers have big plans for a Neutra-designed Hollywood Hills home

Richard Neutra’s old residence at 2460 Sunset Plaza Drive Developers and property owners in Los Angeles have been increasingly tearing down existing homes to build larger and larger mansions. But two developers who just bought a ...

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  • 09 May
  • The Real Deal
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Zillow revenue soars — but so do losses

Zillow CEO Rich Barton (Credit: iStock) Zillow Group revenue soared 51 percent during 2019’s first quarter, bolstered by the company’s growing iBuying program, the company reported Thursday. But the company’s net loss also ballooned to ...

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  • 09 May
  • The Real Deal
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Startups, rejoice: SoftBank is planning another $100B Vision Fund

Softbank CEO Masayoshi Son (Credit: Getty Images and iStock) SoftBank, the biggest backer of unicorn real estate startups, is planning its second Saudi-backed $100 billion Vision Fund. The second fund will be about the same size as the ...

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  • 09 May
  • The Real Deal
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Whistleblower alleges LA community college system misled taxpayers on development project costs

Francisco C. Rodriguez, Ph.D. and David Salazar with Renderings of the new Student Services Center, a Measure CC-approved project An executive in charge of a massive construction program for the Los Angeles Community College District ...

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  • 09 May
  • The Real Deal
  • Uncategorized
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EasyKnock closes $215M fundraising round to launch home sale-leaseback program

EasyKnock CEO Jarred Kessler EasyKnock closed $215 million in Series A funding to launch a new program that allows homeowners to sell their property and remain as renters as they search for a new home. The program, called MoveAbility, ...

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  • 09 May
  • The Real Deal
  • Uncategorized
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Mortgage lenders are denying more small loan applicants, hurting homebuyers: report

Small mortgages are increasingly hard to come by For an increasing number of lenders, small mortgages don’t pay. The number of small home mortgages has decreased post-recession, as lenders have increased the number of loans on home ...

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  • 09 May
  • The Real Deal
  • Uncategorized
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Skid Row conversion could add 95 affordable units

Coalition for Responsible Community Development President and CEO Mark Anthony Wilson, Jr and 803-821 E. 5th Street (Credit: Google Maps) A few weeks after securing funds for a project in South Los Angeles, the Coalition for ...

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  • 08 May
  • The Real Deal
  • Uncategorized
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“My expectations were way too high”: Related CEO Jorge Pérez slashes price on his condo

Jorge Pérez and his Miami Beach condo (Credit: Douglas Elliman) The view from the throne is looking bleak for Miami’s condo king, Jorge Pérez. The Related Group CEO is slashing the price of a penthouse he owns at One Ocean to $10.95 ...

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  • 08 May
  • The Real Deal
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Redfin reports higher earnings, unveils program that cuts out buyers’ agents

Redfin CEO Glenn Kelman (Credit: Redfin and iStock) Along with reporting higher revenue — and a net loss — for the quarter, Redfin unveiled a pilot program that allows consumers to make direct offers on homes through the company’s ...

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  • 08 May
  • The Real Deal
  • Uncategorized
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Hack job: Richard Nixon’s Western White House gets another price chop

Richard Nixon and the estate (Credit: Getty Images) Richard Nixon’s former oceanfront estate in San Clemente has re-listed at another sharp price chop. The Spanish Colonial Revival-style home on a 5.45-acre spread is on the market for ...

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  • 08 May
  • The Real Deal
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