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Month: January 2020

Boyle Heights slated for another mixed-use project

Architect Simon Park and a rendering of the project (Credit: SSPStudio Architecture & Urban Design) Plans are underway to build the latest in a series of mixed-use projects in Boyle Heights, an area that has seen rapid ...

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  • 14 Jan
  • The Real Deal
  • Uncategorized
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Venture-backed Lightbox acquires broker software startup ClientLook

Lightbox CEO Eric Frank and ClientLook CEO Michael Griffin (Credit: iStock) A Silver Lake Partners-backed real estate data company that is sizing itself up against Moody’s Analytics has purchased a commercial broker software platform. ...

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  • 14 Jan
  • The Real Deal
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New EB-5 rules targeting abuse may be eased

Sen. Lindsey Graham and the Hudson Yards development (Credit: Getty Images, iStock) EB-5, the federal visa program that helped fund development projects like the massive Hudson Yards in New York, has been fading recently and on the ...

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  • 14 Jan
  • The Real Deal
  • Uncategorized
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LA is the 12th most affordable big city in America

Due to relatively high income levels and low transportation costs, New York City is the eight most affordable of 20 major cities (Credit: iStock) UPDATE, Jan. 14, 2020, 2:33 pm: It may sound hard to believe, but New York is the eighth ...

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  • 14 Jan
  • The Real Deal
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Despite federal suit, LA landlord won’t fire property manager accused of sexually abusing tenants

(Credit: iStock) UPDATED, 12:45 p.m., Jan. 14: The property manager of two apartment buildings in Westlake  sexually harassed and abused female tenants for nearly 15 years, according to a lawsuit filed by the U.S. Department of ...

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  • 14 Jan
  • The Real Deal
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Here’s why open-air strip centers are outperforming enclosed malls

Town & Country Crossing in Town & Country, MO; The Crossroads in Royal Palm Beach, FL; and Mission Bay Plaze in Boca Raton, FL While mall landlords have struggled to stay ahead of a challenging retail environment, owners of a ...

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  • 14 Jan
  • The Real Deal
  • Uncategorized
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Oh, mother: David Solomon leaves Agency for Elliman

Anna and David Solomon with the Douglas Elliman’s Beverly Hills LA HQ at 150 El Camino Drive (Credit: Solomon Property Group, Google Maps) David Solomon is jumping ship to Douglas Elliman after five years as a partner at The Agency. ...

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  • 13 Jan
  • The Real Deal
  • Uncategorized
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Aaron Kirman’s “Listing Impossible” is a beach house “sex dungeon”

Aaron Kirman (Credit: Getty Images) Los Angeles luxury agent Aaron Kirman has chosen to accept this mission: He must sell a $13.9 million “sandwich box” beach house that has been on the market for 1,000 days with zero offers. Its owner ...

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  • 13 Jan
  • The Real Deal
  • Uncategorized
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Trump Org blasts NYC mayor for criminal referral of tax findings

Mayor Bill de Blasio, 40 Wall Street, and President Donald Trump (Credit: Getty Images, 40 Wall St. via the Trump Organization) The Trump Organization blasted the New York City mayor for saying his probe of the company turned up ...

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  • 13 Jan
  • The Real Deal
  • Uncategorized
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The obscure reason banks will finally embrace Opportunity Zones

A rendering of the Tampa Bay Rays’ plans for a new ballpark in Tampa’s historic Ybor City (Credit: iStock, WJCT) Banks may soon have the incentive they need to sink huge amounts of money into Opportunity Zones, the controversial Trump ...

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  • 13 Jan
  • The Real Deal
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