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Month: September 2019

Newly promoted exec quietly exits Richard Meier’s firm

Bernhard Karpf Less than a year after taking over the day-to-day operations of Richard Meier’s eponymous architecture firm, managing principal Bernhard Karpf has quietly left. Richard Meier (Credit: Getty Images) Karpf, who stepped up ...

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  • 06 Sep
  • The Real Deal
  • Uncategorized
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WeWork’s plunging valuation could spell concern for other real estate startups

Adam Neuman and Masayoshi Son (Credit: Getty Images) Since the start of 2019, WeWork’s lofty $47 billion has been a fixture of fascination — how could an unprofitable startup be worth more than 15 times its revenue? Believers of that ...

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  • 06 Sep
  • The Real Deal
  • Uncategorized
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Compass says it rejected Realogy’s offer to sell

Realogy CEO Ryan Schneider and Compass CEO Robert Reffkin UPDATED: Sept. 6, 6:58 p.m.: With his back against the mats, Realogy CEO Ryan Schneider considered selling the brokerage to its chief rival: Compass. In a statement Friday, the ...

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  • 06 Sep
  • The Real Deal
  • Uncategorized
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Bird Streets bite back: Pioneer in online computer course gets lesson in LA luxury market

Russ Weiner, Lynda Weinman and the Bird Streets home Lynda Weinman, who made a fortune developing online computer training courses, got a lesson in the current state of the Los Angeles luxury real estate market. Weinman unloaded her ...

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  • 06 Sep
  • The Real Deal
  • Uncategorized
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Inside the murky world of residential land leases

Palm Springs, California is home to more than 7,600 land leases (Credit: iStock) Palm Springs, California might be the ground lease capital of America. There are more than 7,600 land leases in the desert city, mostly owned by members ...

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  • 05 Sep
  • The Real Deal
  • Uncategorized
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Aggressive iBuyer Opendoor acquires title and escrow company

Eric Wu, co-founder and CEO of Opendoor Following the announcement of its new home lending program, iBuyer Opendoor has acquired title and escrow company, OS National. OS National specializes in residential and commercial title and ...

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  • 05 Sep
  • The Real Deal
  • Uncategorized
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Movers & Shakers: Compass poaches another Coldwell Banker team, JLL beefs up industrial brokerage…and more

From left: Fran Flanagan, Rustin Mork, Danny Reaume and Troy Wooten Compass has poached another team from Coldwell Banker, this time the Fran Flanagan Group. The move comes less than a month after Compass lured two of Coldwell’s ...

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  • 05 Sep
  • The Real Deal
  • Uncategorized
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Sandstone Properties looks to LA for capital boost, WeWork considers slashing valuation: Daily Digest

Every day, The Real Deal rounds up Los Angeles’ biggest real estate news. We update this page in real time, starting at 9 a.m. PT. Please send any tips or deals to tips@therealdeal.com This page was last updated at 2:10 p.m. PT   ...

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  • 05 Sep
  • The Real Deal
  • Uncategorized
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To reach the tech giants in Playa Vista, apartment developer wants to build a bridge

A rendering of Del Rey Pointe and a map of the project site (Credit: LADCP) Playa Vista is home to Google’s massive Spruce Goose campus, as well as offices leased by Facebook and Yahoo, among other tech giants. Now, an industrious ...

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  • 05 Sep
  • The Real Deal
  • Uncategorized
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Zillow seeks $1.1B cash infusion

Zillow CEO Richard Barton (Credit: iStock) Zillow Group is seeking more than $1 billion in cash amid its “bold expansion.” The company announced earlier this week two offerings of convertible senior notes — a $600 million offering due ...

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  • 05 Sep
  • The Real Deal
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