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Month: August 2020

Onni fired general counsel for refusing to work from office: Lawsuit

Wilshire Courtyard, Onni CEO Rossan De Cotitiis, and Times Mirror square (Credit: Onni Group) Do quarantine orders keep your boss from ordering you into the office? Onni Group’s former general counsel said they should, and has filed a ...

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  • 12 Aug
  • The Real Deal
  • Uncategorized
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Jeffrey Katzenberg sells Beverly Hills mansion for $125M

Jeffrey Katzenberg and the property This ain’t no Quibi-sized deal. Jeffrey Katzenberg, the chairman of the short-form video content site and former boss of Dreamworks Animation, has sold his Beverly Hills mansion for $125 million, in ...

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  • 12 Aug
  • The Real Deal
  • Uncategorized
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AIG, Goldman lend on Shvo’s “Big Red” buy in Chicago

John Buck, Michael Shvo, and 333 South Wabash Avenue (Credit: Patrick McMullan via Getty Images, and TJBC) AIG and Goldman Sachs provided Michael Shvo and his partner with a $240 million loan to acquire Chicago’s “Big Red” office ...

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  • 12 Aug
  • The Real Deal
  • Uncategorized
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Bilgili wants Shvo to open his books

Michael Shvo and Serdar Bilgili in December 2019 (Getty, iStock) Turkish real estate mogul Serdar Bilgili tapped his Rolodex two years ago to build a partnership that’s been buying trophy U.S. properties with abandon. But now that ...

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  • 12 Aug
  • The Real Deal
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“I don’t want to beat on our chest and say that we’re perfect:” Redfin’s Glenn Kelman responds to his critics

Glenn Kelman (Redfin) The shocking death of George Floyd at the hands of Minneapolis police in May prompted real estate executives around the country to speak out against racism and encourage non-violent protests. Glenn Kelman, CEO of ...

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  • 12 Aug
  • The Real Deal
  • Uncategorized
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Airbnb’s Q2 revenue falls by almost 70%

Airbnb CEO Brian Chesky (Getty) Airbnb’s revenue fell by a reported 67 percent in the second quarter, as the startup weathered the fallout from a halt in global travel. The company’s quarterly revenue plunged to $335 million — down ...

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  • 12 Aug
  • The Real Deal
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Michael Shvo’s proposal to build resi tower in Miami Beach faces opposition

Michael Shvo and a rendering of the tower (City of Miami) New York real estate developer Michael Shvo’s proposal to build a 200-foot-tall tower beside three Art Deco hotels was continued yet again by Miami Beach’s Historic Preservation ...

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  • 12 Aug
  • The Real Deal
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Macerich posts $27M loss; CEO says physical retail here to stay

Macerich CEO Thomas O’Hern and Santa Monica Place mall Mall landlord Macerich posted a $26.7 million net income loss in the second quarter as the Santa Monica-based firm continues its struggle to collect rent across its portfolio. The ...

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  • 11 Aug
  • The Real Deal
  • Uncategorized
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Here’s the real estate record for Kamala Harris

Kamala Harris and Joe Biden (Getty) While serving as California attorney general, Kamala Harris could have gone after Steve Mnuchin for alleged mortgage fraud at his company, OneWest, but didn’t. OneWest foreclosed on more than 36,000 ...

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  • 11 Aug
  • The Real Deal
  • Uncategorized
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Realogy settled part of its $400M Cartus lawsuit. Now what?

Thomas Oberdorf, CEO of Sirva, and Ryan Schneider, CEO & President of Realogy (Credit: Jhila Farzaneh) Realogy settled part of its lawsuit over the aborted $400 million sale of its relocation business. In a regulatory filing, the ...

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  • 11 Aug
  • The Real Deal
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  • Recent Posts

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