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Month: December 2019

WeWork tries to escape leases — and eviction

WeWork Co-CEO Artie Minson (Credit: Getty Images, iStock) After word of mass layoffs and a shift toward austerity, the inevitable is happening: WeWork is quietly trying to back out of leases. Executives at the embattled co-working ...

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  • 12 Dec
  • The Real Deal
  • Uncategorized
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VTS to focus on retail customers in 2020

VTS CEO Nick Romito (Credit: iStock, VTS) VTS is shopping for new retail customers. The New York City-based prop-tech company is primed to roll out a package of software tailored to retail landlords early next month, according to CEO ...

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  • 12 Dec
  • The Real Deal
  • Uncategorized
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Two bitter rivals compete for WeWork castoff

From left: Dan Teran and Joe De Bey (Credit: Getty Images) Eight months after selling his office-services firm to WeWork for $220 million, Dan Teran is raising money to buy Managed by Q back at a fraction of the price. But another ...

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  • 12 Dec
  • The Real Deal
  • Uncategorized
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Atlas Capital pays $240M for LA Times’ printing plant in Downtown

Atlas Capital bought the Los Angeles Times’ massive printing plant from a Harridge Capital partnership (Credit: iStock and the Los Angeles Times) Atlas Capital Group has purchased the Los Angeles Times’ printing plant in Downtown for ...

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  • 12 Dec
  • The Real Deal
  • Uncategorized
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Cushman’s West Coast chief talks expansion, DTLA market, the death of the starving baby broker & more

Andrew McDonald and At Mateo in the Arts District Andrew McDonald is prepared for a West Coast scrap. The president of Cushman & Wakefield’s western region plans to continue an aggressive push into new markets in 2020, which will ...

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  • 12 Dec
  • The Real Deal
  • Uncategorized
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WeWork in talks to sell off Managed by Q to free up some cash

WeWork’s Artie Minson and Managed by Q’s Dan Teran WeWork is in talks to the sell the biggest acquisition it made in its free-spending days. The co-working company is in discussions to sell the workplace management company Managed by Q ...

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  • 11 Dec
  • The Real Deal
  • Uncategorized
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Luzzatto Co. assembling creative office hub in West Adams

3339 Exposition Blvd. and Asher Luzzatto The Luzzatto Company is building a creative office hub in West Adams, after assembling half-a-dozen properties totaling at least 140,000 square feet. Asher Luzzatto, president of the ...

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  • 11 Dec
  • The Real Deal
  • Uncategorized
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Lachlan Murdoch sets LA record with $150M deal for Bel Air mansion

Lachlan Murdoch, the Chartwell Estate in Bel Air, and Jerry Perenchio UPDATED, 11:15 p.m., Dec. 11: Lachlan Murdoch has paid $150 million for the Chartwell Estate in Bel Air, setting a new record for the priciest home in Los Angeles. ...

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  • 11 Dec
  • The Real Deal
  • Uncategorized
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The $2.5B plan to lure millennials into new houses

Global City Development principal Brian Pearl (Credit: iStock) A development team has a $2.5 billion plan to lure millennials — and some Gen Xers — out of amenity-filled apartments and into thousands of new houses across the country. ...

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  • 11 Dec
  • The Real Deal
  • Uncategorized
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Next LA Council president has backed big development in her district

Nury Martinez and the project site (Credit: LADCP and Getty Images) For developer Billy Ruvelson of Icon Company, Los Angeles City Council’s incoming president Nury Martinez is a welcome presence. Martinez was a strong supporter of ...

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  • 11 Dec
  • The Real Deal
  • Uncategorized
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