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Month: August 2019

This week in celeb real estate: Ellen DeGeneres sells in Beverly Hills and Whatsapp founder buys $100M Malibu mansion…and more

From top: Ellen DeGeneres and Portia de Rossi, Jan Koum and Ron Meyer, and Pierce Brosnan with his new home in Santa Monica (Credit: Getty Images) It was a big and busy week in Los Angeles for celebrity home buyers and sellers. To ...

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  • 30 Aug
  • The Real Deal
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NYC developer raises $50M, will hunt for deals in Southern bayous and beaches

Silverback Development’s Josh Schuster (Credit: iStock) Josh Schuster’s Silverback Development has snagged a $50 million capital investment to seed a new Opportunity Zone Fund and expand to additional markets. The three-year-old firm ...

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  • 30 Aug
  • The Real Deal
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As Hurricane Dorian barrels toward South Florida, developers and builders prepare

The Miami skyline and a satellite image of Hurricane Dorian (Credit: Getty Images, iStock) Across South Florida, developers and builders are securing tower cranes to blow with the wind like a weather vane, putting away debris that ...

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  • 30 Aug
  • The Real Deal
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Mapping LA’s rental prices, Urban Stearns plots new Opp Zone project in San Pedro: Daily digest

Every day, The Real Deal rounds up Los Angeles’ biggest real estate news. We update this page throughout the day. Please send any tips or deals to tips@therealdeal.com This page was last updated at 2:17 p.m. PT Urban Stearns has a new ...

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  • 30 Aug
  • The Real Deal
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“From one day to the next, he stripped me of everything:” Sexual harassment lawsuits against LA landlord set off legal battle

Inset: Alice Vysata (Credit: Wikipedia, iStock) In June 2017, the founder of a Los Angeles-based multifamily property firm sent an arrangement of flowers to a female employee. “I was going to get you sex toys, but you have all the ...

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  • 30 Aug
  • The Real Deal
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Introducing ThorLogis, Thor Equities’ ambitious plan to break into logistics and e-commerce

Thor Equities CEO Joe Sitt (Credit: iStock) The e-commerce industrial revolution has arrived for Thor Equities. After spending years as a champion of brick-and-mortar stores, the firm is launching a new business called ThorLogis that ...

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  • 30 Aug
  • The Real Deal
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Jones & Jones buy multifamily property in bustling Culver City

5800 Green Valley Cir, Culver City (Credit: Google Maps) An entity tied to Jones & Jones Management Group has purchased a multifamily property in the heart of the Fox Hills area in Culver City, which has recently been mostly ...

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  • 30 Aug
  • The Real Deal
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Historic Hollywood building in Opportunity Zone becomes latest repositioning target

Hillview Hollywood, Jesse Lasky , Samuel Goldwyn , Adolfo Suaya (Credit: Wikipedia and Getty Images) It’s a story that includes movie moguls, a gruesome murder and, now, Opportunity Zones. A historic apartment building known as ...

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  • 01 Aug
  • The Real Deal
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Property values in Inglewood jump 26%, “anti-rent gouging” bill could drastically expand rent control: Daily Digest

Every day, The Real Deal rounds up Los Angeles’ biggest real estate news. We update this page at 9 a.m., 12:30 p.m., and 4 p.m. PT. Please send any tips or deals to tips@therealdeal.com This page was last updated at 4 p.m. PT. ...

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  • 01 Aug
  • The Real Deal
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Saudis backed Colony Capital’s digital infrastructure deal, says report

Tom Barrack and Donald Trump (Credit: Getty Images and iStock) Colony Capital reportedly partnered up with a sovereign wealth fund from Saudi Arabia as it sought to invest in digital infrastructure after the 2016 presidential election. ...

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  • 01 Aug
  • The Real Deal
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