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Month: March 2020

Has coronavirus killed real estate’s “handshake deal?”

Real estate professionals say they are not shaking hands amid the coronavirus outbreak. (Credit: iStock) The “handshake deal” has been a core component of real estate transactions for decades, but the rapidly spreading coronavirus ...

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  • 10 Mar
  • The Real Deal
  • Uncategorized
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SB-50 redux? State Sen. Scott Wiener presents his latest density bill

State Senator Scott Wiener (Credit: Miikka Skaffari/Getty Images) California State Sen. Scott Wiener has returned to Sacramento with a new, pared back version of his signature statewide housing density bill. Senate Bill 902 would allow ...

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  • 10 Mar
  • The Real Deal
  • Uncategorized
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Waterford Property pays $41M for West Covina office complex

Waterford’s John Drachman and Sean Rawson, with the building (Credit: Google Maps) A real estate investment and development firm that formed last year has paid $40.9 million for a West Covina office building. Long Beach-based Waterford ...

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  • 10 Mar
  • The Real Deal
  • Uncategorized
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City Attorney Mike Feuer will run for mayor. Here’s what it means for LA real estate

Los Angeles City Attorney Mike Feuer (Credit: iStock) City Attorney and former Los Angeles Councilmember Mike Feuer is officially running for mayor of Los Angeles in 2022. The 61-year-old Democrat told the Los Angeles Times that ...

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  • 10 Mar
  • The Real Deal
  • Uncategorized
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Real estate stocks plunge as coronavirus epidemic spreads

(Credit: iStock) Real estate stocks tanked Monday, as the stock market’s 11-year bull run teetered on the brink of collapse amid coronavirus fears. The New York Stock Exchange halted temporarily when the S&P 500 dropped by 7 ...

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  • 09 Mar
  • The Real Deal
  • Uncategorized
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Bel Air property once owned by convicted Ponzi schemer Robert Shapiro sells for $60M

Robert Shapiro and the home (Credit: Viewpoint Collection and Google Maps) A planned Bel Air spec mansion formerly controlled by convicted Ponzi schemer Robert Shapiro has sold for $60 million, according to sale documents made public ...

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  • 09 Mar
  • The Real Deal
  • Uncategorized
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Managed by Q staffers laid off as competitor picks up firm for $25M

Managed by Q co-founder Dan Teran and Eden CEO Joe Du Bey (Credit: Managed by Q and Made with Pulp) UPDATED, March 9, 2020, 5:05 p.m.: Although the ink is barely dry on WeWork’s deal to sell office-management startup Managed by Q to ...

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  • 09 Mar
  • The Real Deal
  • Uncategorized
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AIDS Healthcare Foundation sued over conditions at its Skid Row SRO

Eric Garcetti andMichael Weinstein, with the Madison Hotel (Credit: Amanda Edwards/Getty Images, Charley Gallay/Getty Images for Aids Healthcare Foundation, and Google Maps) Tenants at a 220-unit SRO hotel in Skid Row are suing their ...

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  • 09 Mar
  • The Real Deal
  • Uncategorized
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Ex-LA council member surrenders to FBI in real estate probe

Mitchell Englander in front of L.A. City Hall (Credit: Lilly Lawrence/Getty Images, and iStock) The FBI arrested a former Los Angeles City Councilmember Monday morning as federal agents conduct a probe into possible bribes real estate ...

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  • 09 Mar
  • The Real Deal
  • Uncategorized
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Watch your language: Words brokers shouldn’t be using in 2020

You’re in the middle of a home showing, in the master bathroom, and you catch yourself about to say to your clients, a same-sex couple, “Here you’ll find ‘his-and-hers’ sinks.” Oops. And what about calling it a “master” bathroom in the ...

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  • 09 Mar
  • The Real Deal
  • Uncategorized
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  • Recent Posts

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