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Month: September 2020

Here’s what WeWork and other tenants pay at 1.4M sf Pacific Design Center

Aerial photo of the Pacific Design Center (Credit: felixmizioznikov/iStock) In the early days of the pandemic, the Pacific Design Center’s largest tenants had to close its offices. WeWork — which to that point had proved more reluctant ...

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  • 14 Sep
  • The Real Deal
  • Uncategorized
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Making sense of Facebook, Google, Amazon and the office bubble aftermath

Facebook’s Mark Zuckerburg with a rendering of the Farley Post Office redevelopment and Google’s Sundar Pichai with a rendering of St. John’s Terminal (Getty; COOKFOX Architects; VNO)  Facebook grew its New York footprint gradually at ...

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  • 14 Sep
  • The Real Deal
  • Uncategorized
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LA’s market makers: A ranking of top resi agents by on-market deals

From left: Tami Halton Pardee, Chris Cortazzo, and Kurt Rappaport (Credit: OGUT/Star Max/GC Images via Getty Images, Joshua Blanchard/Getty Images, and Anne Cusack/Los Angeles Times via Getty Images) Stephen Shapiro and Ron Wynn each ...

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  • 14 Sep
  • The Real Deal
  • Uncategorized
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Made Goods furniture wholesaler inks giant lease in City of Industry

Chris DeWitt, and the property (Credit: Google Maps) Furniture wholesaler Made Goods is doubling its footprint with a big lease for a new corporate headquarters and warehouse in the City of Industry. Landlord LBA Logistics inked the ...

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  • 14 Sep
  • The Real Deal
  • Uncategorized
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Demi Lovato downsizes — to 8,500 sf in Studio City

Demi Lovato (Credit: Kevin Mazur/Getty Images) Demi Lovato is off to the San Fernando Valley. The actor and musician paid $7 million for an 8,500-square-foot home in Studio City, according to Variety. The two-story property has six ...

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  • 13 Sep
  • The Real Deal
  • Uncategorized
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US sells Hong Kong consulate apartments at big discount: $7K psf

The apartment complex (CBRE) The U.S. government has agreed to sell a compound in a prime Hong Kong neighborhood to local developer Hang Lung Properties for $332 million. The 26-unit property served as residences for local consulate ...

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  • 13 Sep
  • The Real Deal
  • Uncategorized
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High above sky, Burj Khalifa light show reveals baby’s gender

The world’s tallest tower, Dubai’s Burj Khalifa, became the centerpiece of an over-the-top gender reveal party for a local influencer couple. (Credit: Anas and Asala Marwah via YouTube) A Dubai-based influencer couple wanted the world ...

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  • 13 Sep
  • The Real Deal
  • Uncategorized
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Durst’s $2B Philly waterfront redevelopment project approved

Douglas Durst and a rendering of the project (Getty, DRWC) The Durst Organization’s $2.2 billion riverfront redevelopment plan in Philadelphia has beaten out a competing proposal by the Philadelphia 76ers to build a new stadium. The ...

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  • 12 Sep
  • The Real Deal
  • Uncategorized
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Singapore’s housing market storms back

Singapore (iStock) Singapore’s residential market rebounded in the second quarter, reversing a sharp downturn brought on by the pandemic. The recovery accelerated in June as new sales hit 998 units, nearly doubling the total from the ...

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  • 12 Sep
  • The Real Deal
  • Uncategorized
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Shaq lists Shaq-sized Orlando estate for $20M

Shaquille O’Neal circa 1996 and the Orlando estate (Getty; Estate courtesy Sotheby’s) NBA Hall of Famer Shaquille O’Neal has listed his Shaq-sized mansion outside Orlando for $19.5 million. It’s the second time the four-acre lakefront ...

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  • 12 Sep
  • The Real Deal
  • Uncategorized
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