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Month: November 2019

Mark your calendars: These are LA’s top real estate events next week

Check out these real estate events coming up next week. Host: National Association of REITs Date: Nov. 12 to Nov. 14 Time: 7 a.m. to 10 a.m. Nareit is holding its REITworld 2019 Annual Conference. It will take place at the JW Marriott ...

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  • 07 Nov
  • The Real Deal
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Baldwin Hills mall redeveloper eyes massive bioscience center

Capri Partners’ Quintin Primo and Fred Leeds More than a year after Capri Capital Partners won approval to redevelop the 43-acre Baldwin Hills Crenshaw Plaza mall into a massive mixed-use complex, the firm has its sights set on another ...

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  • 07 Nov
  • The Real Deal
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Realogy to sell relocation biz for $400M to pay down debt

Realogy CEO Ryan Schneider. The company has about $3.5 billion in total debt. As it looks to pay down debt, Realogy — the country’s largest brokerage conglomerate — is selling its relocation business in a deal valued at $400 million. ...

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  • 07 Nov
  • The Real Deal
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Compass sweetens agent stock program for 2020

Compass CEO Robert Reffkin Compass is making it easier for agents to cash in on shares of the company stock. The Softbank-backed firm announced changes to its agent equity program, which now allows agents to purchase shares of ...

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  • 06 Nov
  • The Real Deal
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Why Redfin is holding back on growing iBuying business

Redfin CEO Glenn Kelman (Credit: iStock) Redfin’s revenue jumped 70 percent during the third quarter as the brokerage’s instant home-buying business raked in $80 million. That iBuying growth represents a 600 percent gain for the ...

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  • 06 Nov
  • The Real Deal
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Bridge Development pays $191M for Big Lots warehouse

The distribution and fulfillment center and Steve Poulos, Bridge founder and CEO Bridge Development Partners acquired a sprawling distribution center from retailer Big Lots, setting a record for the biggest non-portfolio industrial ...

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  • 06 Nov
  • The Real Deal
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SoftBank’s Son: “My own investment judgement was really bad.”

SoftBank CEO Masayoshi Son (Credit: Getty Images) SoftBank Group CEO Masayoshi Son admits he made massive mistakes in his handling of the Japanese company’s multibillion-dollar investments into U.S. tech companies, WeWork in ...

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  • 06 Nov
  • The Real Deal
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Student housing operator buys apartment portfolio near USC

A building in the property portfolio One of Los Angeles’ largest privately-held student housing operators paid $46 million for a portfolio of 193 apartment units near the University of Southern California’s main campus, The Real Deal ...

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  • 06 Nov
  • The Real Deal
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Hadid’s Bel Air mansion must be torn down: city

Mohamed Hadid and his ill-fated spec mansion (Credit: Getty Images) The end may be near for Mohamed Hadid’s ill-fated and illegally built Bel Air megamansion. The Los Angeles City Attorney last week asked a judge to order Hadid to tear ...

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  • 06 Nov
  • The Real Deal
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Continental snags $55M refi on El Segundo office portfolio

2201 Rosecrans Ave in El Segundo Continental Development Corp. landed a $55 million refinance on four mixed-use buildings inside its massive retail and office park in El Segundo. Rialto Mortgage Finance provided the 10-year, fixed-rate ...

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  • 06 Nov
  • The Real Deal
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