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Month: September 2019

A 10-property apartment portfolio near USC and Koreatown hits the market

The late owner Irvin Kanthak and (From top left, clockwise) Hoover Place at 720 Hoover Street, 966 South Hoover Street, 738-742 West 27th Street, and 2823 Orchard Avenue (Credit: Google Maps) The 10-property multifamily portfolio, ...

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  • 11 Sep
  • The Real Deal
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Inside billionaire Ken Griffin’s massive Palm Beach holdings

Ken Griffin over his Blossom Way properties in Palm Beach Hedge funder Ken Griffin’s recent $99 million purchase of a Palm Beach estate highlighted his insatiable appetite for ultra-luxury homes, but it also added to his growing ...

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  • 11 Sep
  • The Real Deal
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Bizarre case of deed fraud complicated Anbang’s $5.8B hotel portfolio deal

Anbang’s Andrew Miller with Fairmont Chicago and JW Marriott Essex House on Central Park South (Credit: Wikipedia) It might have been one of the biggest heists of all time. Anbang has sold its U.S. hotel portfolio to the highest bidder ...

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  • 11 Sep
  • The Real Deal
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Nile Niami thought his $60M Beverly Hills spec mansion listing was too low. He fixed that

Nile Niami and 1175 N Hillcrest Road (Credit: Redfin) In early 2017, spec home developer Nile Niami offered up his Beverly Hills “Opus” mansion on Billionaire’s Row for $100 million. The Paul McClean-designed home came complete with ...

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  • 10 Sep
  • The Real Deal
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These are SoftBank’s levers to disrupt WeWork’s IPO

Softbank CEO Masayoshi Son and WeWork CEO Adam Neumann (Credit: iStock and Getty Images) SoftBank has been WeWork’s biggest backer, pouring more than $10 billion into a ballooning startup that has attracted increasing skepticism. Now, ...

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  • 10 Sep
  • The Real Deal
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LA County Board will draw up rent control measure, despite landlord objections

The Los Angeles County Board of Supervisors.  (Credit: Pedro Szekely via Flickr) Nearly a year ago, rent control advocates suffered a crushing defeat when California voters soundly rejected Proposition 10 ballot measure. But in the ...

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  • 10 Sep
  • The Real Deal
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With latest cash infusion, Nextdoor closes $170M funding round

Bond’s Mary Meeker, Nextdoor’s Sarah Friar and the Nextdoor app (Credit: iStock) A social networking platform aimed at connecting neighborhood residents has closed a $170 million funding round with its latest cash infusion. San ...

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  • 10 Sep
  • The Real Deal
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Title insurance’s Big Three are not to be: Fidelity, Stewart call off $1.2B merger

From left: Stewart’s Frederick Eppinger, FTC’s Joseph Simons and Fidelity’s Raymond Quirk (Credit: Getty Images and iStock) The massive merger between Fidelity National Financial and Stewart Information Services that would have turned ...

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  • 10 Sep
  • The Real Deal
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Investor’s long hold on a West Covina affordable housing development pays off

WNC Investors CEO Wilfred N. Cooper Jr. and the Cameron Park Apartments (Credit: Google Maps) It seems now was the right time for Steadfast Companies to sell the 158-unit affordable housing complex in West Covina it had been holding ...

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  • 10 Sep
  • The Real Deal
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Miami among most at-risk cities for falling home prices during next recession: report

Miami will see a big dip in home prices during the next recession, according to reports (Credit: iStock) Home prices in Miami fell sharply after the financial crisis when buyers and investors took on loads of debt and could no longer ...

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  • 10 Sep
  • The Real Deal
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