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Month: December 2019

Average Los Angeles rent jumped 65% over past decade

Governor Gavin Newsom and a rendering of a planned project in Koreatown Rent in Los Angeles has risen over 65 percent over the last decade, nearly double the national average, according to a new study. The study, by RentCare, found ...

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  • 27 Dec
  • The Real Deal
  • Uncategorized
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Welcome to the most competitive housing markets in the US

In White Oaks, California, 72% of homes sold for over asking price between January and November, according to Redfin. (Credit: iStock) If you’re looking to buy a house in the the Bay Area, prepare for a fight. Of the 20 most ...

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  • 27 Dec
  • The Real Deal
  • Uncategorized
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Airbnb is taking steps to protect its customers. Is it enough?

Brian Chesky (Credit: Getty Images) On Halloween night, a shooting broke out at a crowded house party in a California property that had been rented on Airbnb. Five people were killed and several more injured. The owner of the property ...

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  • 26 Dec
  • The Real Deal
  • Uncategorized
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While you were sleeping: LA bans “granny flats” as Airbnbs

Airbnb CEO Brian Chesky. A new city law would limit so-called granny flats from being posted on the short-term rental platform. (Credit: Getty Images and iStock) Los Angeles’s law policing short-term rentals goes into effect Friday, ...

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  • 25 Dec
  • The Real Deal
  • Uncategorized
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Will rent control dent the multifamily market? Lenders, investors weigh in

From left: Gavin Newsom and David Chiu (Credit: Getty Images and iStock) Ben Lamson, the founder of Bluestar Properties, has been a real estate investor, owner and manager in the Inland Empire for three decades. But California’s march ...

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  • 25 Dec
  • The Real Deal
  • Uncategorized
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Analysts still baffled by Brookfield’s big bet on malls

Brookfield CEO Brian Kingston and Garden State Plaza in New Jersey (Credit: Brookfield, Westfield Garden State) Brookfield Asset Management’s massive investment in malls is looking worse than ever to some observers. Since its nearly ...

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  • 23 Dec
  • The Real Deal
  • Uncategorized
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WeWork’s rescue package may be in trouble

Softbank CEO Masayoshi Son (Credit: Getty Images) SoftBank Group is trying to borrow $3 billion from Japan’s three largest banks as part of its effort to save WeWork and it’s not going well. Talks have stalled amid the lenders’ concern ...

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  • 23 Dec
  • The Real Deal
  • Uncategorized
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The threat of fire doomed this Tujunga resi project. Now the developer will sue

Monica Rodriguez orchestrated the defeat of a residential project set for the Verdugo Hills Golf Course (Credit: Google Maps, Wikipedia) A developer is set to sue the city of Los Angeles for rejecting a massive residential complex in ...

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  • 23 Dec
  • The Real Deal
  • Uncategorized
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Here are LA County’s biggest industrial sales of 2019

Long Beach area and San Fernando Valley attract biggest industrial sales in 2019 Australia-based Goodman Group had the two biggest industrial acquisitions this year in Los Angeles County, paying a total of $360 million for a former ...

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  • 23 Dec
  • The Real Deal
  • Uncategorized
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Elliman buys Houston luxury brokerage John Daugherty Realtors

John Daugherty Realtor’s CEO  John Daugherty  and Douglas Elliman chairman Howard Lorber (Credit: Getty Images, iStock) Everything’s bigger in Texas, including the brokerage wars. Douglas Elliman just acquired residential brokerage ...

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  • 23 Dec
  • The Real Deal
  • Uncategorized
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