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Month: January 2020

Low mortgage rates could mean another hot winter in the housing market

Is January the new April for real estate? (Credit: iStock) Homebuyers and sellers are getting an early start to the spring housing market. Between 2015 and 2018, April was the hottest month of the year on Realtor.com, but January was ...

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  • 26 Jan
  • The Real Deal
  • Uncategorized
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Mysterious billionaire who bought $262M London mansion is obsessed with blockbuster real estate deals

Cheung Chung Kiu is no stranger to big real estate deals (Credit: Wikipedia) There isn’t much known about the man behind the rumored $262 million purchase of a 45-room mansion overlooking Hyde Park in London, other than he loves ...

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  • 25 Jan
  • The Real Deal
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Welcome to affordable San Francisco! Here is your $1,000-a-month basement “sleeping pod”

(Credit: SimsWiki, Unsplash) A Kansas developer has a concept for below-market-rate housing in San Francisco, but it isn’t exactly pretty. Helsey Holdings wants to build two apartment buildings with 200-square-foot micro-apartments ...

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  • 25 Jan
  • The Real Deal
  • Uncategorized
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One of the UK’s top agents marketed a mansion like a US broker. He was fired

Daniel Daggers is out at Knight Frank (Credit: Getty Images) A misstep on Instagram has cost one of the U.K.’s most successful agents his position at Knight Frank. Daniel Daggers resigned in November and will leave Knight Frank by ...

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  • 25 Jan
  • The Real Deal
  • Uncategorized
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Microsoft’s carbon negative goals could push other tech companies to catch up

Microsoft CEO Satya Nadella (Credit: Getty Images and Microsoft) Earlier this month, Microsoft promised to go carbon negative by 2030. It’s the first major tech company to publicly make such a pledge, setting the bar for other industry ...

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  • 25 Jan
  • The Real Deal
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Forever 21’s biggest landlord could become its new owner

From left: Authentic Brands Group CEO Jamie Salter, Simon Property Group CEO David Simon, and Forever 21 CEO Do Won Chang (Credit: Getty Images) Last summer, struggling fast-fashion retailer Forever 21 reportedly reached out to its ...

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  • 24 Jan
  • The Real Deal
  • Uncategorized
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PNK-linked developer eyes another Hollywood hotel project

1700 North La Brea Avenue (Credit: Google Maps and Getty Images) UPDATED: Prolific hotel developer Jayesh Kumar is setting his sights on another project, this one a 70,000-square-foot complex in Hollywood. Kumar is seeking to tear down ...

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  • 24 Jan
  • The Real Deal
  • Uncategorized
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Megadeals still happening in squeezed L.A. industrial market

L.A. has lowest industry vacancy rate in country (Credit: iStock) There’s little space in L.A. for new industry, though that’s not preventing megadeals on both the leasing and sales front. Industrial sales volume in Los Angeles County ...

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  • 24 Jan
  • The Real Deal
  • Uncategorized
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Mark your calendars: These are LA’s top real estate events next week

Check out these real estate events on tap for next week: Host: NAIOP SoCal Date: Jan. 28 Time: 7:30 a.m. to 9 a.m. NAIOP SoCal is holding an event as part of its Real Estate Breakfast Series at The Pacific Club, 4110 MacArthur ...

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  • 24 Jan
  • The Real Deal
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Hotel management startup Life House raises $30M for national expansion

Rami Zeidan, Ashton Kutcher, and Life House properties Hotel management startup Life House raised $30 million to invest in technology as it seeks to expand into properties across the country. Its tech is now in hotels in the Miami area ...

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  • 24 Jan
  • The Real Deal
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