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Month: March 2020

LA expedites first supportive housing project under new state law

West Hollywood Community Housing Corporation CEO Jesse Slansky and Miramar Gold (Credit: 64North/Urbanize) Los Angeles has approved a 94-unit supportive housing project in Westlake. And it’s the first supportive housing project to be ...

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  • 26 Mar
  • The Real Deal
  • Uncategorized
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Neiman Marcus in talks about possible bankruptcy: report

The lifeline would allow the company to continue operating while it puts together a recovery plan. (Photo by Noam Galai/Getty Images) Luxury retailer Neiman Marcus Group is reportedly considering filing for bankruptcy as it struggles ...

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  • 26 Mar
  • The Real Deal
  • Uncategorized
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Newsom and the banks strike residential mortgage relief deal

California Gov. Gavin Newsom (Credit: Justin Sullivan/Getty Images) California Gov. Gavin Newsom announced Wednesday that five of the country’s largest banks agreed to ease pressure on residential mortgage holders affected by the ...

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  • 26 Mar
  • The Real Deal
  • Uncategorized
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Second Take: Compass layoffs and a renter-landlord relief bill

The reporters behind The Real Deal’s coverage of layoffs at Compass and a bold rent-relief bill in New York joined — by video conference — Associate Publisher Hiten Samtani for a deeper discussion of the two stories. E.B. Solomont, who ...

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  • 26 Mar
  • The Real Deal
  • Uncategorized
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Massive stimulus package has limited upside for real estate

U.S. markets started Wednesday with a burst of optimism, as a $2 trillion stimulus deal had been reached between the White House and Congress. But as the day went on, the proposed legislation became mired in new disputes about ...

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  • 25 Mar
  • The Real Deal
  • Uncategorized
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With malls shut, what happens to Simon and Taubman’s deal?

Robert Taubman and David Simon (Credit: Donato Sardella/Getty Images, Mireya Acierto/Getty Images, iStock) In mid-February, Simon Property Group announced it would acquire Taubman Centers after a nearly two-decade-long dance between ...

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  • 25 Mar
  • The Real Deal
  • Uncategorized
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“It is catastrophic:” Sam Nazarian, Kobi Karp talk coronavirus toll

Last week, The Real Deal publisher Amir Korangy sat down for another episode of Coffee Talk with luxury hospitality group SBE’s Sam Nazarian and leading architect Kobi Karp. This time, though, coffees were kept at home, with Karp and ...

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  • 25 Mar
  • The Real Deal
  • Uncategorized
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Sam Zell’s Equity Residential halts evictions, rent hikes on 80K-unit portfolio

Sam Zell (Credit: John Lamparski/Getty Images) Sam Zell’s Equity Residential said it will halt evictions and rent increases for 90 days on its thousands of apartments across the country in response to the coronavirus emergency. The ...

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  • 25 Mar
  • The Real Deal
  • Uncategorized
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Los Angeles construction projects continue amid CA confusion

Construction is still on at the LA County art museum This spring is when the Los Angeles County Museum of Art was to begin its radical renovation, seven years after LACMA director Michael Govan announced a singular building would ...

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  • 25 Mar
  • The Real Deal
  • Uncategorized
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Hotels get pummeled as demand nosedives for a second week

Roughly 8 out of 10 hotel rooms in New York were empty as the hospitality industry took it on the chin for the second week in a row (Photo by Scott Olson/Getty Images) The hotel industry suffered another devastating week, as cities ...

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  • 25 Mar
  • The Real Deal
  • Uncategorized
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