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Month: June 2020

Compass reboots lending — with some caveats

Photo illustration of Robert Reffkin (Getty, iStock) Compass is ramping back up two lending programs — with new limits to minimize risk. The residential brokerage said it will reinstate Concierge, which fronts money to homeowners for ...

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  • 02 Jun
  • The Real Deal
  • Uncategorized
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The way out: Developer cites coronavirus in suit to exit OC shopping center deal

Joshua Golcheh Add a developer looking for a way out of a planned Orange County shopping center project to the growing list of real estate lawsuit litigants using the coronavirus pandemic as their escape hatch. Los Angeles developer ...

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  • 02 Jun
  • The Real Deal
  • Uncategorized
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Bill Rudin on remote work, property taxes and the future of tech leasing

The Real Deal’s Hiten Samtani and Rudin Management CEO Bill Rudin Bill Rudin is the co-chairman and CEO of Rudin Management, one of New York City’s largest family-run real estate firms. Rudin is also chairman of the Real Estate Board ...

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  • 02 Jun
  • The Real Deal
  • Uncategorized
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Greystar adds 130K units to management portfolio in $200M deal

Alliance Chairman Bruce Ward and Greystar Chief Executive Bob Faith (Greystar, Alliance) As large real estate deals across the country have fallen apart as a result of the coronavirus crisis, Greystar has closed on a 130,000 unit deal ...

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  • 02 Jun
  • The Real Deal
  • Uncategorized
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Vacasa gets $108M lifeline from Airbnb’s rescuer

Vacasa CEO Matt Roberts (middle), Silver Lake’s co-CEO’s Egon Durban (left) and Greg Mondre (right) Vacasa, a wounded vacation rental unicorn, secured $108 million from a tech investor that helped bail out Airbnb in April. Private ...

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  • 02 Jun
  • The Real Deal
  • Uncategorized
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Trepp, CompStak form data-share partnership as their biggest competitor expands its reach

Trepp CEO Annemarie DiCola and Compstak founder Michael Mandel (iStock) Trepp and CompStak – two of the biggest names in commercial real estate data – are teaming up as the property-information sector turns its sights toward fallout ...

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  • 02 Jun
  • The Real Deal
  • Uncategorized
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LA Trade Tech plans new 80K sf building for DTLA campus

Rendering of the project Los Angeles Trade Technical College is planning an 80,000-square-foot design center for its Downtown L.A. campus. The Design and Media Arts Center is set to replace the aging Sage Hall culinary arts building at ...

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  • 02 Jun
  • The Real Deal
  • Uncategorized
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Looting devastates LA’s prime retail corridors

Rick Caruso and vandalized shops at the Grove shopping center (Credit: Jevone Moore/Icon Sportswire, and VALERIE MACON/AFP via Getty Images) Michael Bohn opened his architecture firm Studio One Eleven not in Silver Lake or another ...

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  • 01 Jun
  • The Real Deal
  • Uncategorized
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TRD INSIGHTS: 8.5% of home loans are in forbearance

(iStock) Forbearance requests appear to be leveling off, according to weekly figures released by the Mortgage Bankers Association. Mortgages in forbearance made up 8.5 percent of servicers’ portfolios for the week, up from 8.4 percent ...

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  • 01 Jun
  • The Real Deal
  • Uncategorized
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WeWork’s head of US real estate is out

Aaron Ellison One of the last executives to remain from Adam Neumann’s reign of WeWork is exiting the struggling co-working company. After more than a decade at JLL, Aaron Ellison joined WeWork in July 2018 as head of real estate for ...

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  • 01 Jun
  • The Real Deal
  • Uncategorized
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