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Month: July 2019

AOC and Kamala Harris want to reverse rule that evicts public housing tenants over felonies

Alexandria Ocasio-Cortez and Kamala Harris (Credit: Getty Images) As democratic presidential candidates look to distinguish themselves from the pack and demonstrate their progressive bona fides, Alexandria Ocasio-Cortez and Kamala ...

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  • 11 Jul
  • The Real Deal
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LA seeks developers for resi transformation at Leimert Park

City Council President Herb Wesson and an aerial view of Leimert Park Los Angeles officials are hoping to redevelop two city-owned lots in Leimert Park Village with residential projects, as it continues to battle a housing crunch. The ...

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  • 10 Jul
  • The Real Deal
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Behind Robert De Niro’s $425M real estate play to bring Hollywood to New York

Robert De Niro and an aerial view of 87 19th Avenue in Queens (Credit: Getty Images and Google Maps) Robert de Niro’s second attempt to bring a major film studio to New York is going smoothly, so far. His new project, Wildflower ...

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  • 10 Jul
  • The Real Deal
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Last-mile, first option: Supply firm buys distribution center near DTLA

2025-2027 Long Beach Avenue (Credit: Google Maps and iStock) A restaurant supply company has purchased a last-mile distribution center near Downtown Los Angeles, helping the region maintain its nationwide industrial market dominance. ...

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  • 10 Jul
  • The Real Deal
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What you need to know about Airbnb, pre-IPO

Airbnb co-founders, from left: Chief Product Officer Joe Gebbia, Chief Strategy Officer NathanBlecharczyk and CEO Brian Chesky Airbnb has been an almost perfect embodiment of Silicon Valley’s “move fast and break things” culture since ...

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  • 10 Jul
  • The Real Deal
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REITs are embracing risk

Simon Property Group World Headquarters in Indianapolis (Credit: iStock) Publicly-traded real estate firms have in recent years taken on cheaper, riskier debt in an effort to offset borrowing costs. The debt, known as commercial paper, ...

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  • 10 Jul
  • The Real Deal
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It’s still unaffordable to live in LA: report

L.A. rents increased despite a national slowdown. It appears as though the national slowdown in home sales has yet to trickle down to rents in housing-strapped cities. A new report from ApartmentList reveals rents in Los Angeles ...

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  • 10 Jul
  • The Real Deal
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Fredrik Eklund has left NYC

Fredrik Eklund (Credit: Getty images) UPDATE, Wednesday July, 10, 2019, 7:22 p.m.: Fredrik Eklund has officially left the New York City rat race — at least as a home base. The celebrity broker at Douglas Elliman packed up his family ...

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  • 10 Jul
  • The Real Deal
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Luzzatto Co. closes on deal for future Sweetgreen HQ offices

Asher Luzzatto and a rendering of the converted dairy Luzzatto Company has closed on the deal for a former West Adams dairy building it’s converting into offices, which Sweetgreen will use as its corporate headquarters. The Real Deal ...

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  • 09 Jul
  • The Real Deal
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A look under the hood at H. Ross Perot’s real estate empire

Ross Perot with his Strait Lane mansion in Dallas and Tucker’s Town in Bermuda (Credit: Getty Images, Google Maps, and Douglas Newby) H. Ross Perot, the computer services billionaire and two-time presidential candidate left behind a ...

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  • 09 Jul
  • The Real Deal
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