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Month: June 2020

Covid discount? Condo developers are barely budging

Buyers looking for a “Covid discount” on a New York condo may be disappointed. Concessions may be on the table, and some sponsors are guaranteeing satisfaction for buyers who only viewed their unit virtually. But fire-sale prices? Not ...

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  • 18 Jun
  • The Real Deal
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Brian Kingston on Brookfield’s long game

Brian Kingston (Getty Images) It’s been an especially busy few months for Canadian investment giant Brookfield, which is upping its bets on everything from struggling chain stores to distressed real estate. Brian Kingston, CEO of ...

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  • 18 Jun
  • The Real Deal
  • Uncategorized
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PHOTOS: Revolts and reopenings

George Floyd died in Minneapolis on May 25 after being pinned down by three police officers — one of whom kept his knee on Floyd’s neck for eight minutes and 46 seconds. Footage of the brutal arrest sparked outrage across the county, ...

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  • 18 Jun
  • The Real Deal
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Onni Group plans 14-story office complex in Hollywood

Onni Group president Rossano De Cotiis and the site in Hollywood. (Credit: Google Maps) In one of the larger construction project filings in Los Angeles since the coronavirus took hold, Onni Group is seeking to build a ...

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  • 18 Jun
  • The Real Deal
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City Council handcuffs Parker Center redevelopment

Parker Center in downtown L.A. City money problems have slammed the door on redeveloping L.A.’s former police headquarters. The Los Angeles City Council voted Tuesday to cancel the process for changing the Parker Center at 150 N. Los ...

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  • 17 Jun
  • The Real Deal
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Housing starts are still low, but jump in permits suggest builders are planning

Housing construction hasn’t recovered to pre-pandemic levels yet, but more permits were issued last month than expected. (Credit: iStock) The latest federal numbers show that homebuilders are planning more construction than expected, ...

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  • 17 Jun
  • The Real Deal
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Compass’ hunt for a securities attorney reignites talk of IPO

Compass CEO Robert Reffkin (Getty, iStock) Compass is beefing up its in-house legal team and seeking expertise a public company would require. A new job posting reveals that the brokerage is seeking a securities lawyer who specializes ...

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  • 17 Jun
  • The Real Deal
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WATCH: LA luxury market snapshot with Jade Mills, Rayni Williams, Stephen Shapiro & Josh Flagg

Los Angeles luxury brokers increasingly talk of the pent-up demand for home buying that the coronavirus has created and how the pandemic has added to the L.A. market’s appeal. But dig deeper, and even top agents express concern about ...

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  • 17 Jun
  • The Real Deal
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Douglas Elliman agent allegedly created scheme to pocket commission advances: lawsuit

One Thousand Museum and Porsche Designer Tower (Porsche) A South Florida real estate agent has found himself at the center of yet another lawsuit. This time, a commission advance company is alleging Dedric Copeland conned the firm out ...

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  • 17 Jun
  • The Real Deal
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Another gut-punch: LA City Council mulls apartment vacancy tax ballot measure

Councilmember Mike Bonin (Credit: Joe Scarnici/Getty Images) Empty units may cost Los Angeles landlords more than just missed rent in the future. The L.A. City Council directed city lawyers to draft a vacancy tax ballot measure this ...

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  • 17 Jun
  • The Real Deal
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