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Month: July 2020

TRD Insights: Here’s what tenants pay at LA’s massive City National Plaza

Calpers CEO Marcie Frost, CommonWealth CEO Brett Munger and City National Plaza (Google Maps) City National Plaza office complex in Downtown Los Angeles received a $550 million refinancing from Morgan Stanley and Goldman Sachs in late ...

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  • 31 Jul
  • The Real Deal
  • Uncategorized
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Starwood eyes $11B raise for real estate, distressed bets

Starwood Capital Group CEO Barry Sternlicht (Getty) Barry Sternlicht is putting his money where his mouth is. The Starwood Capital Group CEO last month quipped, “when it’s really ugly, it’s a good time to invest.” Now, the company is ...

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  • 31 Jul
  • The Real Deal
  • Uncategorized
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Columbia Property Trust sees leasing, revenue rise while buildings just 5% full

From left: 799 Broadway, Columbia Property Trust CEO Nelson Mills and 149 Madison Avenue (Image by 799 Broadway; Mills and 149 Madison Avenue via Columbia Property Trust) Looking at the latest quarterly financials from Columbia ...

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  • 31 Jul
  • The Real Deal
  • Uncategorized
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“Headwind to profitability”: Amazon doubles down on fulfillment centers

Amazon CEO Jeff Bezos with (clockwise from top left: 1055 Bronx River Ave. in Bronx, NY; 3507 W. 51st St. in Chicago; 13200 Southwest 272nd St. in South Miami-Dade, Florida; 28820 Chase Place in Valencia, California (1055 Bronx River ...

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  • 31 Jul
  • The Real Deal
  • Uncategorized
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Porch.com to go public in $523M blank-check deal

Porch CEO Matt Ehrlichman, with Abu Dhabi Investment Authority veterans Thomas Hennessey (inset left) and Joseph Beck (inset right) (Ehrlichman via Porch,  Hennessey and Beck via LinkedIn) Porch.com, a VC-backed home services ...

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  • 31 Jul
  • The Real Deal
  • Uncategorized
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Spec mansions in Beverly Park, Beverly Hills sell at big discounts

(Realtor.com) The coronavirus pandemic has created opportunity in Los Angeles’ luxury housing market. Properties are selling, but usually for far less than original asking. The latest examples are a pair of modern-style spec mansions ...

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  • 31 Jul
  • The Real Deal
  • Uncategorized
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Huizar indicted on 34 counts related to bribery and corruption scheme

Jose Huizar (Getty) A federal grand jury on Thursday indicted once-influential Los Angeles Councilmember Jose Huizar on 34 charges related to a $1.5 million bribery and corruption scheme he allegedly ran through his office at City ...

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  • 31 Jul
  • The Real Deal
  • Uncategorized
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Hudson Pacific is effusive about Blackstone deal, defensive about office space

Hudson Pacific Properties CEO Victor Coleman (Illustration of Victor Coleman by The Real Deal; iStock; Coleman via Hudson Pacific) Hudson Pacific Properties reported a dip in second quarter net income, attributing it to retail tenants ...

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  • 30 Jul
  • The Real Deal
  • Uncategorized
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“It’s been a wild year”: Redfin losses significantly lower than expected

Redfin CEO Glenn Kelman (iStock, Redfin) Redfin’s second quarter wasn’t quite as terrible as the national brokerage and listings site had projected. The Seattle-based residential firm logged a net loss of $6.6 million in the second ...

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  • 30 Jul
  • The Real Deal
  • Uncategorized
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Realogy’s Q2 profits plunge after “unprecedented” drop in sales

Realogy CEO Ryan Schneider (iStock) Realogy’s profits plunged during the second quarter, after coronavirus slowed home sales across the country, the brokerage giant said Thursday. Realogy reported a $14 million loss during the quarter ...

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  • 30 Jul
  • The Real Deal
  • Uncategorized
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