Month: January 2020

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 the hottest in several markets across the country last year, according to a report by…

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 shattering real estate records. In fact, there’s more public information about Cheung Chung Kiu’s real estate…

(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 asking $2,000-per-month and 88 basement “sleeping pods” starting at around $1,000-per-month, according to Fast Company. For context, a one-bedroom unit in San Francisco costs…

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 February after 12 years with the firm, according to Financial Times. Daggers was a partner in…

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 giants. Microsoft president Brad Smith earlier this month outlined a plan “to reduce and ultimately remove Microsoft’s…

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 landlords to ask for investment in the company. Now, with bankruptcy proceedings well underway, one landlord might be ready…

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 two commercial buildings at 1700-1710 North La Brea Avenue to make way for the nine-story hotel, city planning…

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 and neighboring Ventura County ticked up six percent in 2019 year-over-year to a record-setting $4.1 billion, according to…

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 Boulevard from 7:30 a.m. to 9 a.m. This event will feature discussions…

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 and Denver. The Series B fundraising round was led by Thayer Ventures, which invests in…