Month: January 2020

Los Angeles skyline (Credit: iStock) What goes up must come down. WeWork and most other co-working, technology and media firms hit the brakes on new leases in Los Angeles in the fourth quarter, contributing to the slowest quarter of the year. There was one exception: Netflix added space, albeit a modest amount. Leasing activity totaled…

Seattle, Washington (Credit: iStock) In the market for an affordable home or a house on the West Coast? Good luck, there aren’t many out there. There were fewer homes for sale across the country in December than there has been in three years, according to a National Association of Realtors count cited by Mansion Global.…

Pope Francis (Credit: WIkipedia, iStock) Catholic church dioceses across the country are moving around their real estate portfolios and using Chapter 11 bankruptcy to protect assets in sex abuse lawsuits. Over the last decade and a half, the U.S. Catholic Church has shielded more than $2 billion worth of assets from people who were abused…

Meadowlands Arena (Credit: Google Maps and iStock) Of all of the creative adaptive reuse projects that have sprung up across the country over the last several years, the most creative might be sitting next to Metlife Stadium in the swamps of East Rutherford, New Jersey. Meadowlands Arena, the former home of the New Jersey Nets…

Kansas City (Credit: iStock) Denizens of the Midwest and the South, take heed: tech bros in zip-up hoodies may be at their standing desks, searching for their perfect startup office in your city right now. Affordability, less competitive markets for talent, and liveability all make metros like Kansas City, Oklahoma City, and St. Louis ripe…

The Wizarding World of Harry Potter (Credit: Getty Images) Dragons, magic wands, and whimsy are rare topics for discussion at New York City community board meetings, but they were this month. After a Tuesday night debate, Manhattan Community Board 5’s landmark committee voted against a proposal to build an elaborate Harry Potter-themed retail store —…

The agreement was signed today in Manhattan by Nathan Blecharczyk, Airbnb co-founder and chief strategy officer (right), and Frank Spencer, general vice president of the United Brotherhood of Carpenters. Airbnb has partnered up with one of North America’s biggest trade unions as it deepens its foothold in real estate development. Under the agreement, signed Friday…

Two development companies that Stan Kroenke owns are suing their insurer over a cleanup effort at the under-construction Hollywood Park complex in Inglewood. (Credit: Getty Images) Among the obstacles developer Stan Kroenke has faced at his under-construction Hollywood Park megacomplex have been cost overruns, delays and pushback from Inglewood residents who say it has made…

Vacant lot at 1432-1438 W. Miramar Street (Credit: Google Maps) A local real estate investor has filed plans for a 94-unit apartment complex in an area that’s attracting loads of affordable housing projects. The owner of the development site at 1432-1438 W. Miramar Street is an entity connected to Daniel Gerlach, who has worked on…

Faith Hope Consolo (Credit: Getty Images, iStock) She positioned herself as a child of privilege, a product of the right schools and someone very much at home in the tony world of luxury New York City real estate. But in reality, Faith Hope Consolo grew up on a dead-end street in Brooklyn’s Sheepshead Bay, born…