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Month: February 2020

Brookfield’s Ric Clark steps back from day-to-day role

Brookfield’s Ric Clark (Credit: Getty Images) Ric Clark is stepping back from his day-to-day duties at Brookfield. Ben Brown (Credit: Brookfield) Clark will serve as a senior adviser and remain chairman of Brookfield Property Group, ...

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  • 21 Feb
  • The Real Deal
  • Uncategorized
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Coldwell Banker closes an office in Beverly Hills, and throws a big party

North Office at 301 Canon Drive and Jamie Duran Shutting down an office is not usually a cause for celebration, but it was for the Beverly Hills arm of Coldwell Banker. Because of L.A. Metro construction, the brokerage decided last ...

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

Here are two real estate events coming up next week: Host: Los Angeles County Bar Association Date: Feb. 25 Time: 11:30 a.m. to 2 p.m. The Los Angeles County Bar Association is holding its 2020 Flaig Award & Annual Update Program ...

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  • 21 Feb
  • The Real Deal
  • Uncategorized
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Starwood, Artisan pay $127M for El Segundo building

1960 East Grand Avenue, now owned by Starwood Capital Group and Artisan Realty Advisors, who have been very active in El Segundo A partnership between Starwood Capital Group and Artisan Realty Advisors paid $127 million to purchase an ...

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  • 20 Feb
  • The Real Deal
  • Uncategorized
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Rising home prices add to California’s slowing economic growth: report

Economic expansion in California and L.A. County is slowing amid rising housing prices and a housing shortage. (Credit: iStock) After years of robust growth, the economic expansion in California and Los Angeles County is slowing ...

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  • 20 Feb
  • The Real Deal
  • Uncategorized
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SpaceX back in Port of LA’s orbit

Space X founder Elon Musk and Terminal Island (Credit: Getty Images and Wikipedia) Elon Musk and the Port of Los Angeles are giving it another shot. After Musk’s SpaceX aborted a deal last year to build its Mars-bound spaceship and ...

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  • 20 Feb
  • The Real Deal
  • Uncategorized
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Compass is going to trial in Avi Dorfman case

Compass CEO Robert Reffkin and Avi Dorfman (Illustration by The Real Deal) It looks like Avi Dorfman, who is suing Compass to be recognized as a co-founder, will get his trial after all. In an attempt to avoid a courtroom faceoff, the ...

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  • 20 Feb
  • The Real Deal
  • Uncategorized
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PE firm to take Victoria’s Secret private as Leslie Wexner steps down

Leslie Wexner is stepping down as CEO of L Brands as Victoria’s Secret nears deal to go private (Credit: Wikipedia Commons, iStock) Leslie Wexner has agreed to sell his controlling stake in Victoria’s Secret to a private equity firm ...

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  • 20 Feb
  • The Real Deal
  • Uncategorized
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Metro rejects plastic surgeon’s 907-unit development in Westlake

Dr. Jayasinghe and a rendering of the project (Credit: Metro via Curbed) Los Angeles County’s Metropolitan Transportation Authority put the kibosh on a massive development plan atop its Westlake subway station, citing concerns that it ...

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  • 20 Feb
  • The Real Deal
  • Uncategorized
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WeWork announces Shyam Gidumal as new COO

WeWork COO Shyam Gidumal (Credit: Getty Images) Fresh off announcing its new CEO, WeWork has hired Shyam Gidumal as its chief operating officer. Gidumal spent eight years working in consumer products and retail at Ernst & Young ...

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  • 20 Feb
  • The Real Deal
  • Uncategorized
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