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Month: June 2020

Sway House is bringing chaos to Bel Air: neighbors

Sway House members and the mansion (Credit: Google Maps and Famous Birthdays) There’s one house on Stradella Road that’s not like the others. In late January, a half dozen young social media stars moved into a 7,800-square-foot mansion ...

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  • 08 Jun
  • The Real Deal
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Domestic travel gives Airbnb a boost

Airbnb CEO Brian Chesky (Getty, iStock) The travel industry is beginning to show signs of life again, with city residents heading to nearby vacation rentals in droves. Airbnb saw more nights booked for its U.S. listings between May 17 ...

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  • 08 Jun
  • The Real Deal
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Coronavirus pushes down rents in LA County

Rents are declining in L.A. County (Credit: iStock) The average asking rent in Los Angeles County declined 3.3 percent in May year-over-year, the first major drop in rent since the Great Recession a decade ago. Data from RealPage shows ...

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  • 08 Jun
  • The Real Deal
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A trifecta! NAR sued again over buyer-broker commissions

Clockwise from left: NAR CEO Bob Goldberg, HomeServices of America CEO Gino Blefari, Realogy CEO Ryan Schneider, Keller Williams CEO Gary Keller and Re/Max CEO Adam Contos UPDATED: June 8, 5:10 p.m.: It’s Round 3 for the National ...

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  • 08 Jun
  • The Real Deal
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A US government-owned property in Hong Kong might sell for a big discount

The apartment complex (CBRE) A prime parcel in Hong Kong owned by the U.S. State Department could sell at a much lower price point than asking prices in the neighborhood just a couple years ago. Luxury residential pricing in Hong Kong ...

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  • 07 Jun
  • The Real Deal
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Las Vegas casinos reopen for socially distanced gambling

(iStock) Poker players and party people rejoiced Thursday as the Las Vegas strip reopened, but something in Sin City is different. Sinks for hand-washing, dispensers for masks and gloves, and plexiglass around table games now fill ...

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  • 07 Jun
  • The Real Deal
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Luxury apartments pivot to virtual activities

525 West 52nd Street (Credit: Google Maps and iStock) About three months into quarantine, residents trapped in small apartments are going stir-crazy. That is unless they live in a luxury apartment with an in-house lifestyle director. ...

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  • 06 Jun
  • The Real Deal
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Long-term residents scooping up vacation rentals

More vacation rental owners are extending available leases and traditional landlords are taking shorter leases for typical year-long rentals. (iStock) A larger than usual number of vacation rental owners are looking to secure long term ...

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  • 06 Jun
  • The Real Deal
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Some Canadian housing markets improved markedly in May

Toronto and Vancouver skylines (Credit: iStock) Canada’s housing market seems to be shaking off the coronavirus pandemic. The market made a marked recovery in May after the pandemic had ground activity to a near-halt. Around 3,500 ...

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  • 06 Jun
  • The Real Deal
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Payment Gap: Retailers are reopening, but many aren’t paying rent

From left: Bill Shopoff, Sandy Sigal, and David Simon In just the last week, stores throughout Los Angeles went from closed to reopened to boarded up. “There was retail momentum a week ago,” said Jay Luchs, vice chairman at Newmark ...

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  • 05 Jun
  • The Real Deal
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