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Month: October 2019

LA has now funded 8.5K units of affordable housing through $1.2B bond

A rendering of FlyAwayHomes’ HHH project in South LA and Mayor Eric Garcetti, who led the push to approve Prop HHH. When Los Angeles voters approved a $1.2 billion bond for affordable housing construction three years ago, city ...

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  • 17 Oct
  • The Real Deal
  • Uncategorized
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Like WeWork, Compass touts tech and culture. Are the companies different enough?

Compass CEO Robert Reffkin and WeWork’s Adam Neumann Updated, Oct. 17, 2019, 6:48 p.m.: At 10:26 a.m. on Oct. 9 — nine days after WeWork shelved plans for an IPO — Compass CFO Kristen Ankerbrandt fired off to her staff a set of talking ...

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  • 17 Oct
  • The Real Deal
  • Uncategorized
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At $225M, Bel Air’s Casa Encantada becomes America’s priciest listing

Gary Winnick and Casa Encantada. Inset photo dates from 1939 (credit: Winnick & Company, The Huntington Library) UPDATED, 2:55 p.m., Oct. 17: The last two times that Bel Air’s massive Casa Encantada sold — in 1979 and 2000 — it ...

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  • 17 Oct
  • The Real Deal
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Controller Ron Galperin on the untapped potential of LA’s massive property portfolio

LA Controller Ron Galperin Before Ron Galperin tallied all 14,000 publicly-owned properties within the city limits this summer, there had been no previous accounting. That shocked Galperin, who as Los Angeles Controller is tasked with ...

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  • 16 Oct
  • The Real Deal
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“Big Bang Theory” star Kunal Nayyar buys Hancock Park home

Kunal Nayyar and the home (Credit: Getty Images and Comapss) Kunal Nayyar, who played the lovable Indian nerd Raj Koothrappali on the smash hit TV show “The Big Bang Theory,” just bought a property in the historic Hancock Park ...

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  • 16 Oct
  • The Real Deal
  • Uncategorized
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Trump exaggerated building values to get financing, tax documents show

Michael Cohen and Donald Trump (Credit: Getty Images, iStock) Michael Cohen, Donald Trump’s former personal secretary, testified in March that Trump inflated property values in order to get financing, and a comparison of his tax ...

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  • 16 Oct
  • The Real Deal
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Lawmakers charge bias at Clippers arena project

State Senator Steven Bradford, Assemblywoman Sydney Kamlager-Dove and a rendering of the stadium The battle over the Los Angeles’ Clippers stadium project in Inglewood is getting uglier. Two state lawmakers claimed the California Air ...

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  • 16 Oct
  • The Real Deal
  • Uncategorized
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Mark your calendars: These are LA’s top real estate events next week

Here are a few real estate events coming up next week. Host: Common Date: Oct.21 Time: 9 a.m. to 1 p.m. Common is hosting its 2nd Co-living Capital Markets Summit at Convene, 333 South Grand Avenue from 9 a.m. to 1 p.m. Come to this ...

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  • 16 Oct
  • The Real Deal
  • Uncategorized
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By the numbers: Breaking down national housing agendas from the far left

Alexandria Ocasio-Cortez, Bernie Sanders and Elizabeth Warren Just a few months after New York passed historic reforms that infuriated landlords and thrilled tenants — with California following suit — several Congress members and ...

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  • 15 Oct
  • The Real Deal
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Niami’s $65M spec mansion that shall remain nameless hits market

Nile Niami and his Bel Air spec home (Credit: Getty Images, Juwan Li and Marc Angeles) A month after boosting the asking price on his “Opus” spec mansion in Beverly Hills to $80 million, developer Nile Niami is bringing another ...

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  • 15 Oct
  • The Real Deal
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