Month: January 2020

(Credit: Getty Images) Clothing retailer Express will close 100 stores by 2022, joining the growing group of retail chains that have announced large-scale closures in recent years. The announcement, part of Express’s plan to reduce costs by $80 million over the next three years, led the company’s stock price to jump 20.7 percent, up to…

Steve Frankel leaves Compass for Coldwell Banker. Look who’s back. Three weeks after leaving Coldwell Banker for Compass, Steve Frankel confirmed Tuesday that he has returned to Coldwell, the real estate agent’s workplace for the past 20 years. The about-face was “not monetary,” Frankel said in a phone interview, but instead an opportunity to “come…

Shaun White is selling his Malibu properties. Olympic gold medalist Shaun White has already sold one eight-figure Malibu property, and he is looking to unload another. Variety reports that White has listed an oceanfront property in Malibu for $10.995 million, after he purchased the parcel for $10.75 million in 2016. The potential sale of the…

Larry Bond made use of federal opportunity zone program A developer broke ground last week on L.A.’s first project to take advantage of the Opportunity Zone program, the controversial tax break that is now subject to an internal Trump administration investigation. Construction started on an eight-story, 200-unit residential development at 1522-1538 Cassil Place in Hollywood…

Get ready for The Real Deal LA’s winter edition, which will be available to subscribers on our website on January 30th and on doorsteps that week. The issue will feature a round-up of the biggest residential and commercial deals of 2019, an exclusive peek inside the work and life of one of LA’s top (and…

Actovia CEO Jonathan Ingber and CrediFi CEO Eli Razin (Credit: LinkedIn) Mortgage data firm Actovia has struck a deal to buy its former competitor CrediFi, the Tel Aviv-based startup that abruptly shut down last month. New Jersey-based Actovia closed on its purchase Friday, company founder and CEO Jonathan Ingber told The Real Deal. Ingber founded…

Crystal City, Virginia and Amazon CEO Jeff Bezos (Credit: iStock, Getty Images) The housing market in northern Virginia took off as soon as Amazon announced it would be bringing half of its second headquarters to Crystal City, and that boom shows no signs of letting up more than a year down the line. Data released…

A portion of Fisher’s New Mexico fence for We Build The Wall A contractor who owns hundreds of miles of property along the U.S-Mexico border says he’s got a deal for President Donald Trump. Tommy Fisher says he’ll complete three miles of a border fence along the Rio Grande in just two weeks and for…

Researchers and their “living concrete” Could this be the building block of real estate life on Mars? Researchers at the University of Colorado have turned light-eating bacteria into the world’s tiniest construction workers, utilizing their power to create “living concrete.” Their breakthrough process uses the bacteria in the same way binders are used in traditional…

Budapest (Credit: Pixabay) In the elegant Hungarian capital of Budapest, it’s good news for home sellers and not so good news for buyers. No other city in the world saw prices climb higher than in Budapest in the third quarter of 2019. The price of a home rose 24 percent year-over-year, according to a Knight…