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Month: June 2020

Protests, vandalism and looting of stores prompt massive cleanup effort

Workers clean up after demonstrations at the Grove Mall (Credit: VALERIE MACON/AFP via Getty Images) The wave protests in Los Angeles over the last several days, and accompanying bursts of vandalism and looting of stores, have taxed ...

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  • 04 Jun
  • The Real Deal
  • Uncategorized
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WeWork, SoftBank hit with class action over failed IPO

(Tomohiro Ohsumi/Getty Images) A group of investors have filed a class action lawsuit against WeWork — the latest of a series of disputes stemming from the company’s failed public offering. In a complaint filed Wednesday in San ...

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  • 04 Jun
  • The Real Deal
  • Uncategorized
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Brookfield’s Brian Kingston on the firm’s mall strategy, $5B retail relief plan and response to George Floyd protests

Brookfield CEO Brian Kingston UPDATED, June 4, 10:31 a.m.: Brookfield has been in the news a lot since the pandemic hit. The global investment giant’s private equity firm Oaktree Capital Management is looking to raise $15 billion for a ...

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  • 04 Jun
  • The Real Deal
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Threatened by tech, agents turn to app

Fredrik Eklund, Julia Spillman and John Gomes (Getty, iStock) Agents are trying to take back the power as virtual tours and contact-less showings threaten to displace them. Front and center is Julia Spillman, Douglas Elliman broker and ...

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  • 03 Jun
  • The Real Deal
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Chicago reopens for business but remains under curfew

Mayor Lori Lightfoot said the city will create a fund to help store owners whose shops were damaged by recent looting. (Getty) Chicago has begun reopening businesses after the coronavirus lockdown, but remains under a 9 p.m. curfew ...

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  • 03 Jun
  • The Real Deal
  • Uncategorized
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Robert Reffkin recounts instances of racism

Compass CEO Robert Reffkin (Getty) UPDATED: June 3, 2:35 p.m.: As a young man in New York, Robert Reffkin was stopped by police who left his white friends alone. He watched taxis pass him by “hundreds of times.” And when he started ...

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  • 03 Jun
  • The Real Deal
  • Uncategorized
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Is it The End for AMC Theaters?

AMC Theaters said in a recent filing doubt exists about its “ability to continue as a going concern.” (Getty) As moviegoers continue to Netflix and chill during the pandemic, movie theaters have been dark. Now, AMC Theaters has ...

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  • 03 Jun
  • The Real Deal
  • Uncategorized
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Coldwell Banker slashes office space in Malibu, Los Feliz

Jamie Duran and 23676 Malibu Road (Credit: Jeff Newton and Google Maps) Coldwell Banker is closing one of its two Malibu offices and reducing its presence in Los Feliz, as brokerages face mounting financial strains in a market that was ...

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  • 03 Jun
  • The Real Deal
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Join LA’s luxury luminaries for an all-star event June 11

TRD Associate Publisher Hiten Samtani will host an all-star panel of top L.A luxury residential agents on June 11. He will be in conversation with Jade Mills of Coldwell Banker Global Luxury, Rayni Williams of the Williams & ...

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  • 03 Jun
  • The Real Deal
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US hotel occupancy climbs for the seventh-straight week

(iStock) U.S. hotel fundamentals climbed for the seventh week in a row as the country comes out of the depths of the coronavirus pandemic. National occupancy for the last week of May was 36.6 percent, up from 35.4 percent the week ...

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  • 03 Jun
  • The Real Deal
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