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Month: September 2019

Hollywood hotel construction craze: Developer abandons apartment project for hotel instead

1723 N Wilcox Avenue (Credit: Google Maps) Hotel construction is all the rage in Los Angeles and particularly Hollywood, where Relevant Group alone has four boutique projects planned or under development near the same intersection. ...

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  • 05 Sep
  • The Real Deal
  • Uncategorized
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Here are 5 takeaways from TRD’s deep dive into Eklund-Gomes’ national expansion

Fredrik Eklund (left), Julia Spillman and John Gomes (Photo by Guerin Blask) It’s been more than a decade since Fredrik Eklund and John Gomes first crossed paths. In the years since, the Douglas Elliman star agents have been among the ...

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  • 04 Sep
  • The Real Deal
  • Uncategorized
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“Notorious NIMBY group” brings legal challenge to LA’s most popular affordable housing program

LA Mayor Eric Garcetti and the Metro Gold Line (credit: Global Climate Action Summit via Flickr) Los Angeles’ Transit-Oriented Communities program has put thousands of affordable units in the pipeline across the city, but one group of ...

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  • 04 Sep
  • The Real Deal
  • Uncategorized
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Tourism-dependent Bahamas sees uphill battle to rebuild hotels after Hurricane Dorian’s devastation

An aerial view of damage caused by Hurricane Dorian in the Bahamas (Credit: Getty Images) As the Bahamas begins its long recovery process after Hurricane Dorian ravaged Grand Bahama and the Abaco Islands, the country faces an uphill ...

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  • 04 Sep
  • The Real Deal
  • Uncategorized
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LA’s affordable housing incentive program gets court challenges, Elliman’s Eklund and Gomes detail their national expansion: 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 3:15 p.m. PT   ...

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  • 04 Sep
  • The Real Deal
  • Uncategorized
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Meet Frances Frei, WeWork’s first female board member

Frances Frei (Credit: Twitter) Not only is the We Company’s newest board member the person who helped Uber through its leadership crisis in 2017 — she’s also the company’s antidote to criticism over its all-male board. The WeWork ...

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  • 04 Sep
  • The Real Deal
  • Uncategorized
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Cannabis lounges bloom in WeHo, and not everyone is happy

Richard Bloom and a rendering of Lowell Farms Cannabis Cafe (Credit: Lowell Farms, iStock) In a few weeks, Lowell Cafe will open its doors in West Hollywood, claiming to be the nation’s first cannabis consumption lounge. Patrons will ...

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  • 04 Sep
  • The Real Deal
  • Uncategorized
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Compass created “dummy job” to avoid Realogy finance exec’s non-compete: judge

Compass CEO Robert Reffkin and Realogy CEO Ryan Schneider Compass created a “dummy job” for a longtime Realogy finance executive last year in order to circumvent his non-compete, a New Jersey judge ruled. At a hearing last month, Judge ...

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  • 04 Sep
  • The Real Deal
  • Uncategorized
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Here are the priciest resi listings in LA County last week

From top: 3100 Benedict Canyon Dr, 748 Amalfi Drive, and 2244 Mandeville Canyon (Credit: Zillow) Maybe it was the leadup to the Labor Day weekend, when home sales usually slow down, especially the luxury variety. Whatever it was the ...

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  • 03 Sep
  • The Real Deal
  • Uncategorized
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Hurricane Dorian spared South Florida but will still cost developers and contractors

Miami Beach (Credit: iStock) Most general contractors are back to work in South Florida, after securing and shutting down their job sites last week in anticipation of Hurricane Dorian’s arrival. While South Florida escaped the storm’s ...

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  • 03 Sep
  • The Real Deal
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