Month: January 2020

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 gentrification in recent years. Hamid Yousefian, on behalf of the Yousefian Family Trust, filed plans to build an…

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. The firm, Lightbox, is attempting to build out a real estate data and information service akin to the Bloomberg Terminal. And…

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 ropes, a result of fraud and its own popularity. But it still has supporters, and they are now…

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 most affordable city of the 20 biggest cities in the U.S. That’s in…

(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 Justice. And the landlord says he hasn’t been fired. Federal prosecutors yesterday alleged that Filomeno Hernandez victimized “vulnerable” women…

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 less glamorous type of American shopping center have maintained modest growth. And now, even foreign…

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. Solomon, who claimed $170 million in home sales in 2019, is leaving The Agency after…

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 got the house as part of her divorce settlement and she is motivated to…

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 evidence of a possible crime. Following a news report late last year that President Donald Trump’s…

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 administration tax abatement program that has seen tepid investment levels to date. The federal government…