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Month: May 2019

LINC Housing targets 64-unit affordable project in Watts

LINC president Rebecca Clark and 11408 South Central Avenue (Credit: Google Maps) Los Angeles has a massive shortage of new affordable housing construction — by one measure the county needs to build 500,000 more units — but that ...

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  • 28 May
  • The Real Deal
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Husband of SoFla real estate broker missing-at-sea sentenced to prison

Isabella Bennett and a recent mugshot of Lewis Bennett (Credit: Find Isabella | Facebook and Broward Sheriff’s Office) The husband of a South Florida real estate broker was sentenced to eight years in prison for his role in her death ...

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  • 28 May
  • The Real Deal
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Making music together: Ellen DeGeneres buys Adam Levine’s Beverly Hills mansion

From left: Behati Prinsloo and Adam Levine, Portia de Rossi and Ellen DeGeneres, and 825 Loma Vista Drive (Credit: Getty Images) Ellen DeGeneres has been garnering more attention for her serious real estate moves than for the dance ...

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  • 28 May
  • The Real Deal
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There’s gold in them zones

(Illustration by Maciej Frolow) At 9800 Grape Street in the Watts neighborhood of southern Los Angeles, gone are the low-rise complexes that were the epicenter of the Rodney King riots. In their place stand rows of wood-frame skeletons ...

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  • 27 May
  • The Real Deal
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The Mountain of Beverly Hills just got a $350M price chop

1652 Tower Grove Drive (Credit: Realtor) UPDATED on Feb. 21, at 1:30 p.m.:  When the so-called “Mountain of Beverly Hills” hit the market seeking a record-breaking $1 billion last summer, it drew snickers from real estate industry ...

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  • 27 May
  • The Real Deal
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FAANG takes a bite out of LA

(Illustration by Studio Muti) Over the past handful of months, the tech titans of Silicon Valley have launched an all-out blitz on commercial space in Los Angeles. In October, Hudson Pacific Properties signed a deal with Netflix for ...

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  • 27 May
  • The Real Deal
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Las Vegas bets on Elon Musk to create underground transit system for its convention center

Elon Musk and a rendering of the Las Vegas Convention Center Loop (Credit: Getty Images and The Boring Company) Billionaire Elon Musk finally may build a commercial tunnel if his Boring Co. completes an underground transit system for ...

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  • 26 May
  • The Real Deal
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Party politics: Huge event-ready house in D.C. area is headed for auction

9004 Congressional Court (Credit: iStock) A mammoth house made for lobbyist-level entertaining in the Washington, D.C., area is headed for auction. A live on-site auction with no reserve will be held next month at the ...

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  • 26 May
  • The Real Deal
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In the shadow of Silicon Valley’s tech boom, thousands of Bay Area residents live in RVs

Google Employees Clogging Mountain View Street With Campers, In Effort To Avoid High Local Housing Costs (Credit: Getty Images) The tech boom in Silicon Valley has made housing too expensive for thousands of people in San Francisco and ...

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  • 26 May
  • The Real Deal
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Pot-related development is primed to take off in Illinois. So where are the investors?

Wendy Berger Marijuana-related industrial market is primed to take off in Illinois, if only capital investors and lenders would get on board. After expanding the state’s medical marijuana pilot program last year, Illinois lawmakers are ...

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  • 26 May
  • The Real Deal
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