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Month: March 2020

Real estate stocks split into winners and losers after hectic week

A chaotic week for stock markets has impacted REITs in some sectors far more than others. (Credit: background by JOHANNES EISELE/AFP via Getty Images; iStock) Following a brutal week that saw trading on the New York Stock Exchange ...

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  • 13 Mar
  • The Real Deal
  • Uncategorized
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Miami mayor tests positive for coronavirus after meeting with Brazilian president

City of Miami Mayor Francis Suarez (Credit: Joe Raedle/Getty Images) UPDATED, March 13, 1:20 p.m.: Miami Mayor Francis Suarez has tested positive for COVID-19 after attending an event in Miami with a Brazilian government official who ...

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  • 13 Mar
  • The Real Deal
  • Uncategorized
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Cash, an escort, a night in Vegas: How a businessman sought to get in with developers

Former Los Angeles City Councilmember Mitchell Englander (Credit; Getty Images) A businessman who allegedly induced former Los Angeles City Councilmember Mitchell Englander with money, an escort, and a big night out in Vegas in order ...

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  • 13 Mar
  • The Real Deal
  • Uncategorized
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Amazon buying Lord & Taylor building for $1.1B

Amazon.com founder and CEO Jeff Bezos with the Lord & Taylor Building (Credit: David Ryder/Getty Images, and Ajay Suresh/Wikipedia) Amazon is buying the Lord & Taylor building from WeWork for $1.15 billion. The bulk of the ...

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  • 12 Mar
  • The Real Deal
  • Uncategorized
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Coronavirus threat could help sink Anbang’s $5.8B hotels deal: report

CEO Andrew Miller and clockwise from top left: JW Marriott Essex House in New York, the Westin St. Francis in San Francisco and the Four Seasons in Jackson Hole Anbang Insurance Group’s pending deal to sell a $5.8 billion portfolio of ...

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  • 12 Mar
  • The Real Deal
  • Uncategorized
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Coronavirus hits seasonal Coachella Valley tourist economy hard

Coachella Valley (Credit: Mario Tama/Getty Images) The coronavirus harms much of the Southern California economy, but few areas as acutely as the Coachella Valley where hoteliers, Airbnb hosts, and hospitality workers depend on ...

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  • 12 Mar
  • The Real Deal
  • Uncategorized
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Backorders and low supplies: Contractors look for workarounds to supply-chain issues

Contractors brace for building in the age of coronavirus Barry LePatner, founder of construction law firm LePatner & Associates, had an important task for workers at a major downtown residential project last week. The project was ...

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  • 12 Mar
  • The Real Deal
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Bardas Investment pays $23M for Seward House in Hollywood

Hollywood’s Seward House sells for $23.4M Bardas Investment Group has purchased Seward House, an Art Deco property constructed in the Golden Age of Hollywood, located in what is now informally called the Hollywood Media District. The ...

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  • 12 Mar
  • The Real Deal
  • Uncategorized
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Virtual brokerage eXp sees first profitable quarter

Glenn Sanford (Credit: Twitter, Pixabay) It’s a good time to be a virtual brokerage — and that’s not just because of coronavirus. Virtual brokerage eXp Realty generated a record $980 million in 2019, up 96 percent from $500 million in ...

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  • 12 Mar
  • The Real Deal
  • Uncategorized
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LA housing chief steps down as city grapples with affordability

Rushmore Cervantes The longtime leader of Los Angeles’ housing department is stepping down at the end of the month. Rushmore Cervantes has spent more than a decade at the department, which manages supportive and affordable housing ...

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  • 12 Mar
  • The Real Deal
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