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Month: September 2019

SoFi, so good: Inglewood NFL stadium naming rights deal set, along with project completion date

SoFi CEO Anthony Noto and a rendering of SoFi Stadium The future home of the Los Angeles Rams and Chargers football teams finally has an official name, and a target completion date. The 70,000-seat stadium will be called SoFi Stadium, ...

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  • 16 Sep
  • The Real Deal
  • Uncategorized
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Lightstone provides $44M loan to Shekhter-owned WS Communities

Lightstone’s Eugene Rozovsky, Neil Shekhter and a rendering of 1650 Lincoln Boulevard Controversial multifamily developer WS Communities has secured a $44 million loan to refinance two development projects in Santa Monica. The senior ...

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  • 16 Sep
  • The Real Deal
  • Uncategorized
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This week in celeb real estate: Kirsten Dunst makes lightning sale in Toluca Lake, home owned by Disney heir trades again…and more

From left: Kristen Dunst and her former home on Toluca Lake Road, and Roy E. Disney and the home in Toluca Lake (Credit: Getty Images and Redfin) In Los Angeles this week, Toluca Lake took center stage with two home sales: one involved ...

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  • 13 Sep
  • The Real Deal
  • Uncategorized
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“I like being a free agent”: In the gig economy, LA brokers say contractor status works

(Credit: iStock) Beverly Hills-based Compass agent Yawar Charlie said he was relieved to learn that California’s real estate brokers will be exempt from a statewide measure reclassifying independent contract workers as employees. “Part ...

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  • 13 Sep
  • The Real Deal
  • Uncategorized
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Corcoran says “criminal” hackers leaked agent splits

Corcoran CEO Pam Liebman and president of sales Bill Cunningham The Corcoran Group said it was hacked Friday after a stunning email containing agent splits, marketing budgets and gross commission income was sent to the entire company. ...

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  • 13 Sep
  • The Real Deal
  • Uncategorized
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Sour grapes: Manhattan condo buyer files “class action” because the unit doesn’t have a wine cooler

565 Broome Street (Credit: iStock and 565 Broome Street) Across the city, residents sometimes have to tussle with landlords to make sure they are getting basic necessities like heat and hot water. But at 565 Broome Street, a luxury ...

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  • 13 Sep
  • The Real Deal
  • Uncategorized
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The breakdown: How California’s new rent control law compares to New York’s

From left: California Governor Gavin Newsom, Governor of New York Andrew Cuomo, and California Assembly Member David Chiu (Credit: Getty Images, iStock, and Wikipedia) With a little more than 48 hours before the clock ran out, three of ...

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  • 13 Sep
  • The Real Deal
  • Uncategorized
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“Inherent risk:” Rating agencies have had doubts about WeWork for years

600 California Street in San Francisco and Adam Neumann (Credit: Google Maps and Getty Images) When a loan to the We Company’s newly-formed $2.9 billion property investment fund, ARK, was taken to the commercial mortgage-backed ...

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  • 13 Sep
  • The Real Deal
  • Uncategorized
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The Real Deal adds Grant Cardone to power-packed list of speakers for upcoming Miami Showcase and Forum

The Real Deal is thrilled to announce that Grant Cardone, founder & CEO of Cardone Enterprises, will be speaking at The Real Deal’s 6th annual Real Estate Showcase and Forum on Oct. 17, at Mana Wynwood. Cardone, who operates $1.2 ...

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  • 13 Sep
  • The Real Deal
  • Uncategorized
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“This makes the problem worse:” Industry pros say statewide rent control bill won’t help housing crisis

From top left, clockwise: David Chiu, Henry Manoucheri, Eric Sussman, and CAA CEO Tom Bannon (Credit: Getty Images) When New York passed its historic rent reform law in June, Los Angeles-based landlords shuddered at the thought that ...

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  • 12 Sep
  • The Real Deal
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