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Month: December 2019

The Weeknd’s Beverly West condo tops LA County resi sales

Clockwise from top left: 13224 Old Oak Lane, 4425 Haskell Avenue (center), 656 Lachman Lane, 375 N. Saltair Avenue and 1200 Club View Drive Los Angeles County’s top five residential sales over the past two weeks totaled $53.7 million, ...

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  • 09 Dec
  • The Real Deal
  • Uncategorized
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Realogy boss on cost-cutting, the competitive landscape and what to look for in 2020

Realogy CEO Ryan Schneider Ryan Schneider likes to keep Realogy’s eyes on the prize: better agents, better products and better technology that will keep the firm profitable in the long run. The rest — lawsuits, short-term stock price ...

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  • 09 Dec
  • The Real Deal
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Paul Volcker, Fed Chair who infuriated real estate, dies

Paul Volcker (Credit: Getty Images) Paul Volcker, the former head of the Federal Reserve, who fought a war against inflation and was the driving force behind a rule to stop risky bank lending after the real estate collapse in 2009, has ...

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  • 09 Dec
  • The Real Deal
  • Uncategorized
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Flashy Bjarke Ingels-designed project was ATM for the mob: Feds

HFZ managing director John Simonlacaj and The XI development (Credit: LinkedIn and Wikipedia Commons) The Gambino crime family bought off a top executive at HFZ Capital Group, federal prosecutors allege. Feds say that 50-year-old HFZ ...

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  • 09 Dec
  • The Real Deal
  • Uncategorized
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Zillow launches its high-stakes home-flipping business in LA

Zillow’s Jeremy Wacksman. The listings giant just launched an instant-homebuying business in L.A. When Zillow Group pivoted from an advertising-based business model to algorithm-based home-flipping in 2018, its executives knew this day ...

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  • 09 Dec
  • The Real Deal
  • Uncategorized
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Developer sued by DTLA artist collective over rent-restricted building

The building at 2345 South Sante Fe Avenue. (Credit: Courtesy Santa Fe Art Colony Tenants Association via Los Angeles Magazine and iStock) An artist collective is suing Fifteen Group, a month after the real estate investment firm ...

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  • 06 Dec
  • The Real Deal
  • Uncategorized
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Wall Street is collecting rent payments

Redwood Trust’s CEO Christopher J. Abate (Credit: iStock) Wall Street wants your rent. Redwood Trust, one of Wall Street’s largest securitizers of mortgage bonds, is now packaging bonds backed by rent payments. The move marks a broader ...

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  • 06 Dec
  • The Real Deal
  • Uncategorized
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KOAR will spend $70M on condo complex for LGBTQ seniors in Palm Springs

Pasadena KOAR International is betting on a luxury condo complex for active, LGBTQ seniors (Credit: iStock) Developer KOAR International will spend $70 million on what is being billed as the first luxury condominium complex in Southern ...

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  • 06 Dec
  • The Real Deal
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As co-working firms leave London, a new arriver plans to make a splash

Newable Flexible Workspace’s Brett Million and Serendipity Labs CEO John Arenas A flexible office space firm is entering the London co-working market, at a time when others are shuttering operations there. Serendipity Labs, a company ...

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  • 06 Dec
  • The Real Deal
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The Black vs Barth saga continues: RE mogul files another suit against ex-partner

From left: Stanley Black and Robert Barth Prominent real estate investor Stanley Black has filed yet another lawsuit against his business partner of 34 years, this time claiming that Robert Barth stole nearly $2 million from their ...

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  • 05 Dec
  • The Real Deal
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