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Month: July 2019

On heels of Compass legal battle and dwindling stock, Realogy hit with securities fraud suit

Realogy CEO Ryan Schneider (Credit: iStock) After suing a competitor over “illicit” business practices this week, real estate conglomerate Realogy is being accused of securities fraud. The Rosen Law Firm on Thursday filed a federal ...

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  • 12 Jul
  • The Real Deal
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Stock indexes hit records as market anticipates rate cut. Here’s what that means for real estate

(Credit: iStock and chart via MarketWatch) After Federal Reserve Chairman Jerome Powell hinted at an impending interest rate cut, stock indexes hit record highs Thursday — and real estate is going along for the ride. At a congressional ...

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  • 12 Jul
  • The Real Deal
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Auction for Cesar Pelli-designed FAA building nears end

Cesar Pelli and the Hawthorne Federal Building UPDATED, July 12, 3:40 p.m. An auction for the Federal Aviation Administration’s longtime West Coast headquarters near Los Angeles International Airport is nearing an end following dozens ...

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  • 12 Jul
  • The Real Deal
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Homebuilder blues: Fed chair says Trump’s tariffs, immigration taking a toll

Jerome Powell (Credit: Getty Images and iStock) Over the past few months, President Trump has been venting on Twitter and elsewhere about his displeasure with the Federal Reserve. But on Thursday, Fed Chair Jerome Powell had something ...

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  • 12 Jul
  • The Real Deal
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EB-5 investor claims his money was redirected from Hilton to housing project

Long Beach Garden Home Project and EB-5 Attorney named in suit Daqin Zhang (Credit: CIRC) The popularity of EB-5 “cash-for-visa” program may have long since diminished, but lawsuits relating to the federal initiative just keep on ...

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  • 11 Jul
  • The Real Deal
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Union Bank Plaza’s $20M makeover starts years after KBS failed to sell the building

Rod Richerson, Western regional president for KBS and Union Bank Plaza Fresh off the sale of a $1.2 billion office portfolio, KBS Capital Market Groups has started the $20 million renovation of the Union Bank Plaza in Downtown Los ...

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  • 11 Jul
  • The Real Deal
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Airbnb competitor Sonder says after new funding round it’s now worth $1B

Sonder CEO Francis Davidson and 20 Broad Street A hotel-room-style listing startup just obtained unicorn status. Sonder, a San Francisco-based startup with a platform that leases apartments and transforms them into furnished short-term ...

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  • 11 Jul
  • The Real Deal
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Domus Management plans affordable housing complex in Arlington Heights

Newport Partners founder Monique Hastings and 1141 S. Crenshaw Boulevard Newport Partners’ affordable development wing Domus Management Company is planning a 43-unit project on the border of Mid-Wilshire and Arlington Heights. The ...

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  • 11 Jul
  • The Real Deal
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Why Amazon HQ2 is already rattling the local housing market

Amazon will open a second headquarters in Northern Virginia (Credit: Getty Images) They don’t call it the Amazon effect for nothing. The online retail giant has been causing some consternation in Northern Virginia, even though it has ...

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  • 11 Jul
  • The Real Deal
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That’s a wrap: Producer Roger Birnbaum sells Beverly Hills mansion after price chop

Roger Birnbaum and the home For Roger Birnbaum, the long wait is over. But for the Hollywood film producer of movies like the “The Rush Hour” franchise, it’s not the release of his next potential blockbuster. It’s the sale of his home. ...

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  • 11 Jul
  • The Real Deal
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