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Month: July 2019

Co-working firm Industrious grows its reach to Pasadena

Justin Stewart, president and co-founder of Industrious Co-working firm Industrious is continuing to expand in Los Angeles County, this time with ShopCore Properties. The two companies are developing a 27,000-square-foot co-working ...

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  • 24 Jul
  • The Real Deal
  • Uncategorized
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CoStar’s bet on Apartments.com is paying off

CoStar CEO Andy Florance (Credit: CoStar via YouTube and iStock) CoStar Group Inc. took in a record $59 million in sales bookings companywide in the second quarter, marking a 32 percent increase year-over-year and fueling a 16 percent ...

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  • 24 Jul
  • The Real Deal
  • Uncategorized
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“My husband did not scam anyone”: Kyle Richards defends Mauricio Umansky on “Real Housewives” episode

Kyle Richards, Mauricio Umansky and the Sweetwater Mesa property (Credit: Getty Images) “In Beverly Hills, the truth always has a way of rising to the top.” The tagline Kyle Richards utters at the start of every episode of this ...

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  • 24 Jul
  • The Real Deal
  • Uncategorized
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WeWork aiming for September IPO, earlier than expected

WeWork CEO Adam Neumann (Credit: Getty Images and iStock) The We Company, the SoftBank-backed flexible-office provider last valued at $47 billion, is planning to go public as soon as September. The WeWork and WeLive parent company ...

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  • 24 Jul
  • The Real Deal
  • Uncategorized
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Big changes are coming to the EB-5 program

President Donald Trump (Credit: Getty Images and Mango Map) The Trump administration released new rules governing the EB-5 cash-for-visas program. And many in the real estate industry believe the changes will tighten the spigot on a ...

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  • 23 Jul
  • The Real Deal
  • Uncategorized
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Artist Ed Ruscha adds Trousdale Estates pad to his substantial real estate portfolio

Ed Ruscha and his new home in the Trousdale Estates One of Ed Ruscha’s greatest works of art might be his real estate portfolio. Many of the artist’s paintings, drawings and books are inspired by or focused on Los Angeles, and his ...

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  • 23 Jul
  • The Real Deal
  • Uncategorized
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The Bezos bump: Amazon deal pushes Realogy stock and market cap up by 19%

Amazon CEO Jeff Bezos and Realogy CEO Ryan Schneider (Credit: Getty Images) Hey Alexa, can you say bull market? Amazon and Realogy’s new partnership sent the real estate giant’s stock price and market cap soaring on Tuesday — but some ...

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  • 23 Jul
  • The Real Deal
  • Uncategorized
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Lincoln Property Co. puts Blackwelder office campus in Culver City on market

Blackwelder office campus and LPC’s David Binswanger Lincoln Property Co. has put its 19-building office campus, known as Blackwelder, in Culver City on the market, The Real Deal has learned. Sources said the first round of bids closed ...

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  • 23 Jul
  • The Real Deal
  • Uncategorized
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Tishman Speyer eyes $323M recap of Playa Vista portfolio

Tishman Speyer CEO Rob Speyer and renderings of Collective & Brickyard campuses (Credit: Tishman Speyer) When you can’t sell… recapitalize instead? Tishman Speyer is now looking to refinance the Brickyard and Collective office ...

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  • 23 Jul
  • The Real Deal
  • Uncategorized
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US home sales slide again in June as prices hit all-time high

US housing market sees another month of rising prices but declining sales figures U.S. existing home sales posted a 16th straight month of year-over-year declines in June, but there was at least one nugget of good news for sellers. ...

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  • 23 Jul
  • The Real Deal
  • Uncategorized
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