The Hearst mansion’s fate is tied into bankruptcy court. (Credit: Istock) The owner of the old William Randolph Hearst estate is trying to sell the mansion in order to escape from $67 million in debt and exit bankruptcy. But that ...
Photo illustration of Sam Zell (Getty, iStock) Sam Zell’s Equity Commonwealth real estate investment trust has $3.4 billion in cash ready to deploy in these times of distressed assets, but the self-described Grave Dancer isn’t ready to ...
Advocates have long sought solutions to housing affordability, but recent social unrest has prompted a closer examination of the injustices baked into the system. Barika Williams, for one, is “cautiously hopeful” that momentum is ...
Brookfield Asset Management CEO Bruce Flatt and Woodridge CEO Michael Rosenfeld with 101 S. Marengo Avenue, and a rendering of the building (Credit: Google Maps) Just how devastating has the coronavirus crisis been for Los Angeles ...
Jacmar Companies CEO John Tilley and the property (Google Maps) Jacmar Companies wants to build a 120-unit apartment complex on Pico Boulevard in Little Ethiopia. The building would rise on a series of parcels where S. Fairfax Avenue ...
John Zhao and a rendering of Oceanwide Center (Credit: Rendering © DBOX; Nora Tam/South China Morning Post via Getty Images) Blame coronavirus, again. After multiple delays and the entrance of a new buyer, Oceanwide Holdings’ plan to ...
Katerra CEO Paal Kibsgaard (Getty) SoftBank-backed construction startup Katerra has laid off more than 400 employees, one month after new CEO Paal Kibsgaard stepped into the top job. The cuts amount to 7 percent of the company’s total ...
Claus Dieckell and Milan Capital Management’s Anaheim office (Google Maps) A judge sentenced a former accountant at Orange County commercial real estate developer Milan Capital to two-and-a-half years in prison Monday after the ...
A new report finds homes still unaffordable for majority of Americans (iStock) Homeownership is unaffordable for the average wage earner in three quarters of counties surveyed across the U.S. That’s according to a second-quarter report ...
154 Grand Street and WeWork CEO Sandeep Mathrani (WeWork, Getty) No one could accuse WeWork of being overly sentimental. The decade-old co-working company is shutting down its first-ever location as the firm overhauls its massive real ...