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Month: February 2020

Mohamed Hadid hit with stop-work order at Beverly Crest project

Mohamed Hadid and the Hastain Trail (Credit: Wikipedia and Kevin Scanlon) Spec megamansion pioneer Mohamed Hadid is dealing with a new drama at another one of his developments. The city has hit Hadid with a stop-work order at a site ...

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  • 07 Feb
  • The Real Deal
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Essex Property alleges defects galore in construction work at South Park resi complex

Essex Property Trust CEO Michael Schall and Avant apartments. It’s a battle of two real estate heavyweights. Essex Property Trust, one of the West Coast’s biggest residential property owners, is suing C.W. Driver Companies, among the ...

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  • 07 Feb
  • The Real Deal
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LA pols brought down SB 50 housing bill

Scott Weiner and Laura Raymond (Credit: Getty Images, Twitter, and iStock) A controversial statewide housing bill that would have allowed developers to build taller, high-density housing near mass transit stops died last week, and Los ...

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  • 07 Feb
  • The Real Deal
  • Uncategorized
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News Corp. looks to Opcity platform to boost real estate biz

Rupert Murdoch and David Doctorow (Credit: Getty Images, iStock) News Corp. is banking on lead-generation platform Opcity to boost the fortunes of its digital real estate services, whose revenue dipped 5 percent last quarter. CEO ...

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  • 07 Feb
  • The Real Deal
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Warren Buffett’s grandson and the art of Opportunity Zone social impact investing

Howard W. Buffett created a software tool to measure an Opportunity Zone’s social and environmental impact. (Credit: Getty Images) The grandson of legendary investor and billionaire Warren Buffett is getting into Opportunity Zones, but ...

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  • 07 Feb
  • The Real Deal
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Mark your calendars: These are the LA area’s top real estate events next week

Next week brings this group of real estate events: Host: Bisnow Date: Feb. 13 Time: 8 a.m. to 11 a.m. Bisnow is hosting its Orange County Construction & Development event at the Irvine Marriott, 18000 Von Karman Avenue, from 8 ...

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  • 07 Feb
  • The Real Deal
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The squeeze on resi brokerages is forcing consolidation, cooperation

(Illustration by Dave Murray) Corcoran is consolidating. Compass is making lay offs. Residential firms are going lean. Call it a sign of the times that these days brokerage executives show off their smarts by pulling out financial ...

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  • 06 Feb
  • The Real Deal
  • Uncategorized
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Compass hires Sara Patterson as chief people officer

Compass’ Sara Patterson and Robert Reffkin (Credit: Compass; Getty Images) Softbank-backed Compass has hired Sara Patterson, a former Walmart executive, as its chief people officer. CEO Robert Reffkin announced the hire on Instagram ...

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  • 06 Feb
  • The Real Deal
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Lincoln, Clarion snap up Culver City office campus for $169M

Jefferson Creative Campus sells for $169M in Culver City (Credit: Newmark Knight Frank) A 152,000-square-foot creative office campus in Culver City in a designated Opportunity Zone just sold to two prominent real estate investors. ...

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  • 06 Feb
  • The Real Deal
  • Uncategorized
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Membership-based leasing platform Landing uses $20M Series A round to expand to Chicago

Landing CEO & founder Bill Smith and one of Landing’s apartments at 30 E. Adams St. Landing, a San Francisco-based apartment leasing platform, has raised $20 million in a funding round as it expands to three new cities, including ...

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  • 06 Feb
  • The Real Deal
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