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Month: December 2019

Breather bloodbath: Flex-office startup fires 17% of staff

Breather CEO Bryan Murphy (Credit: LinkedIn and iStock) UPDATED, Dec. 5, 2019, 4:52 p.m.: Breather, an on-demand workspace company, fired almost a fifth of its staff Thursday. The Montreal-based firm, which provides office space across ...

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  • 05 Dec
  • The Real Deal
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At the desk of: Reonomy co-founder Rich Sarkis

Rich Sarkis (Photos by Emily Assiran) Rich Sarkis’ office has no imposing mahogany table or wall of photos featuring him with celebrities or industry powerbrokers.  His white desk is largely barren, save for a few essentials. But ...

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  • 05 Dec
  • The Real Deal
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Koreatown resi complex marks firm’s entry into Opportunity Zones

A rendering of the project and Douglas Bystry, President and CEO of Clearinghouse A community development firm that operates in underserved neighborhoods will develop a multifamily complex in Koreatown, part of its initial push into ...

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  • 05 Dec
  • The Real Deal
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Lawsuit seeks to halt new EB-5 regulations

The lawsuit argues the increased amounts will deter foreign investors from the program (Credit: Getty Images, Wikipedia) Less than a month after the new EB-5 rules came out, a Florida regional center has filed a motion in federal ...

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  • 04 Dec
  • The Real Deal
  • Uncategorized
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Is real estate’s Bitcoin buzz just getting started?

The real estate industry — much like the rest of the world — is still trying to figure out exactly how its connection to cryptocurrency should work. Since virtual money first broke through a decade ago, with the launch of Bitcoin, ...

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  • 04 Dec
  • The Real Deal
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LA becomes 1st city to enact ban on developer money

David Ryu (Credit: Getty Images) UPDATED, Dec. 4, 3:15 p.m.: Los Angeles has become the first city in the nation to ban development companies and their executives from contributing to city officials’ election campaigns. The City ...

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  • 04 Dec
  • The Real Deal
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Ryan Serhant’s must-have “three E’s” for every broker he hires

Can you find something in common with a stranger and get his or her contact info? If not, this “Million Dollar Listing New York” star can’t work with you. Nestseekers International agent Ryan Serhant runs a 60-person team covering New ...

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  • 04 Dec
  • The Real Deal
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WS Communities boosts affordable housing plans in Santa Monica

Adam Shekhter and the 1415 5th Street project Multifamily developer WS Communities is rolling out new affordable housing plans in Santa Monica. WS has at least eight projects in various stages of development in the city that fall under ...

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  • 04 Dec
  • The Real Deal
  • Uncategorized
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Youngwoo’s latest development play is a vineyard in Argentina

Young Woo and his Dragonback Estate in Argentina Just before the 2008 crash, developer Young Woo made a big investment in an unlikely venture: South American farmland. Woo and his partner Margarette Lee bought 2,000-acre plot of ...

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  • 03 Dec
  • The Real Deal
  • Uncategorized
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Construction startup Katerra closing Phoenix factory

Katerra CEO Michael Marks and its factory in Phoenix (Credit: Katerra, Google Maps) Katerra, a Silicon Valley startup backed by SoftBank, has closed a large factory in Phoenix, weeks after one of its co-founders left the firm. The ...

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  • 03 Dec
  • The Real Deal
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