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Month: June 2019

A plot of land in Redondo Beachth is going for $40M

750 N. Francisca Avenue (Credit: Google Maps) The prices of on-the-market luxury homes in Los Angeles have been steadily falling, but land-only listings ripe for development are having a moment. Now, in Redondo Beach, one owner is ...

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  • 25 Jun
  • The Real Deal
  • Uncategorized
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In booming El Segundo, Ocean West and Lionstone team up on office campus

777 Aviation Boulevard, and from left: Ocean West Capital Partners Principal & co-founder Russ Allegrette and Lionstone co-founders Glenn Lowenstein and Dan Dubrowski A joint venture between Ocean West Capital Partners and ...

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  • 25 Jun
  • The Real Deal
  • Uncategorized
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Lennar Q2 earnings beat estimates, but stock falls due to effect of tariffs

Stuart Miller Lennar Corp. saw its stock drop on Tuesday after it released second quarter earnings and said that tariffs on Chinese goods are costing the company an average of about $500 per home. Still, the Miami-based homebuilder’s ...

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  • 25 Jun
  • The Real Deal
  • Uncategorized
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Social media means “you don’t have to sell yourself,” but LA’s resi brokers say it doesn’t always mean a sale

From left: Jennifer Berman, Berman & Pollinger; Joyce Rey, Coldwell Banker; Ivan Estrada, Douglas Elliman; Sally Forster Jones, Compass; and Aaron Kirman, Compass. (Credit: Jeff Newton)   Coldwell Banker’s Joyce Rey started ...

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  • 24 Jun
  • The Real Deal
  • Uncategorized
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Ben Bacal launches “Instagram of real estate” app Rila

Ben Bacal and the Cannabis House UPDATED, June 24, 5:25 p.m.: For many agents, maintaining a social media presence is as vital to their business as scoring the next big listing. Rila, a new mobile application co-created by Rodeo Realty ...

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  • 24 Jun
  • The Real Deal
  • Uncategorized
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The sensational story behind the demise of the Palm House

The Palm House When Chinese, Iranian and Turkish investors received marketing brochures for the town of Palm Beach’s first EB-5 project in 2012, it seemed like a sure thing. Pamphlets in Chinese and Farsi showed photos of the Clintons ...

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  • 24 Jun
  • The Real Deal
  • Uncategorized
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It’s all logistics centers nowadays: Clarion Partners leases out big space

Clarion Partners CEO David Gilbert and Kenco Logistics Services Chairwoman Jane Kennedy Greene Clarion Partners has leased out the entirety of a massive Perris logistics property to Kenco Logistics Services, which has been building out ...

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  • 24 Jun
  • The Real Deal
  • Uncategorized
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“The first 3 months of the year sucked”: Industry pros on LA’s luxury market slowdown

From left: Stuart Elliott, Ernie Carswell, Yvonne Arias, George Penner and Michael Williamson at The Real Deal’s L.A. Residential Showcase and Forum. (Credit: Jeff Newton) George Penner, CEO of Deasy Penner Podley, didn’t mince words ...

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  • 24 Jun
  • The Real Deal
  • Uncategorized
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Here are LA County’s top 5 residential investment sales of May

Clockwise from top left: 281 Bentley Circle, 12710 Marlboro Street, 15000 Altata Drive, 306 Georgina Avenue and 1171 North Doheny Drive The price of 20,000-square-foot mansion in Bel Air accounted for more than half the total amount of ...

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  • 24 Jun
  • The Real Deal
  • Uncategorized
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Allianz hires new acquisitions head

Allianz Group’s Karen Horstmann (Credit: RICS World Built Environment Forum) Allianz Real Estate hired a new director to head up its acquisitions group in the United States. The real estate arm of the German financial giant Allianz ...

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  • 24 Jun
  • The Real Deal
  • Uncategorized
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