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Month: October 2019

Here are the priciest resi sales in LA County last week

Clockwise from top left: 709 N. Arden Drive, 800 Nimes Road, 12921 Marlboro Street, 609 Palisades Beach Road and (center) 924 Bel Air Road On an average week, a $27 million home sale would likely rank as the priciest in Los Angeles ...

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  • 30 Oct
  • The Real Deal
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The Real Deal LA’s fall issue is live!

  Our fall issue is live! Check out all of the stories. Available to subscribers here Here’s a look at few of the highlights: While traditional studios like Paramount and Disney are sitting on acres of sound stages and offices that ...

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  • 30 Oct
  • The Real Deal
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The Fed lowers rates, and once again real estate is loving it

Jerome Powell and New York City construction in October 2019 (Credit: Getty Images) There may come a time when a Federal Reserve interest rate cut is met with skepticism from the broader real estate industry. But now is not that time, ...

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  • 30 Oct
  • The Real Deal
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This Bird won’t sing: Home sale prices on Bird Streets don’t match sky-high listings

Homes on Robin and Oriole Drive In the Hollywood Hills’ exclusive Bird Streets neighborhood, a flock of ultra-luxury homes sits on the market, with soaring price tags. On Robin Drive, tech executive and spec home developer Farzin ...

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  • 30 Oct
  • The Real Deal
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Don’t call it flipping: Zillow insists its iBuying is different

Zillow CEO Rich Barton (Credit: iStock) Zillow’s push into instant homebuying has led to both soaring revenues and losses for the listing giant, and CEO Rich Barton wants to set the record straight on how it makes money from the ...

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  • 29 Oct
  • The Real Deal
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Greater LA retail market struggles to recover from big box closures, bankruptcies

From left: A San Fernando Valley retail center and a Forever 21 near downtown LA (Credit: iStock) Leasing activity in the Greater Los Angeles retail market continues to decline, with landlords struggling to recover from earlier big box ...

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  • 29 Oct
  • The Real Deal
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HUD wants to jumpstart bank lending on low-income homes

Housing and Urban Development Secretary Ben Carson (Credit: Getty Images, iStock) Housing and Urban Development Secretary Ben Carson wants to get banks back in the residential mortgage lending game. One way the agency will do this is ...

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  • 29 Oct
  • The Real Deal
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Hines, JPMorgan asset arm nab $1.2B refi on Century City office twin towers

Twin 44-story Century City Plaza Towers Hines and JPMorgan’s asset management arm have landed a $1.2 billion refinance on a Minoru Yamasaki-designed office complex in Century City. Deutsche Bank, Wells Fargo and Morgan Stanley provided ...

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  • 29 Oct
  • The Real Deal
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NCAA’s compensation pivot means young athletes could become homebuyers

UCLA Basketball (Credit: Getty Images and iStock) An NCAA decision Tuesday means college athletes nationwide could soon be allowed to earn compensation for endorsement deals. The landmark decision is a stark reversal of the collegiate ...

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  • 29 Oct
  • The Real Deal
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Vacation rental startup Vacasa valued at $1B after new funding

Vacasa CEO Eric Breon (Credit: Vacasa) On the heels of buying its biggest competitor, vacation rental startup Vacasa has raised $319 million, valuing the company north of $1 billion. The strategic round was led by Silicon Valley ...

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  • 29 Oct
  • The Real Deal
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