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Month: September 2020

$100M Beverly Hills listing gets $49M price cut

1142 Calle Vista Drive in Beverly Hills (Credit: Google Maps) Steep price cuts are part of selling luxury real estate in Los Angeles. But rarely is a nine-digit listing cut in half the same year it hit the market. That’s what happened ...

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  • 21 Sep
  • The Real Deal
  • Uncategorized
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To live and bribe in LA: The sweet past and sticky present of Carmel Partners

A photo illustration of Ron Zeff and Jose Huizar (Credit: Desiree Stone/Getty Images, and iStock) Is Carmel Partners a cartoonishly nefarious developer or merely an opportunistic one caught in the wrong place at the wrong time? The ...

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  • 21 Sep
  • The Real Deal
  • Uncategorized
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US housing supply reaches nearly 40-year low

The number of single-family homes on the market hit historic lows in July, driving prices up (iStock) The coronavirus pandemic has exacerbated the severe housing supply shortage in the U.S., with the number of homes on the market ...

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  • 21 Sep
  • The Real Deal
  • Uncategorized
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“That was a business decision”: Why real estate execs are backing Trump — or backing away

President Donald Trump with developer Steve Witkoff, John Catsimatidis and Blackstone’s Stephen Schwarzman (Getty; iStock) Sotheby’s International Realty broker Nikki Field was leading sales at Kushner Companies’ Puck Penthouses in ...

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  • 21 Sep
  • The Real Deal
  • Uncategorized
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A 21K sf megamansion hits market in Beverly Hills

The mansion (Credit: Kurt Rappaport Westside Estate Agency Inc.) A 21,000-square-foot megamansion in Beverly Hills Post Office hit the market for $46.5 million. The property was developed over seven years by film producer Henry ...

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  • 21 Sep
  • The Real Deal
  • Uncategorized
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Movie theaters might not come back after all

(iStock) The release of Christopher Nolan’s “Tenet” was expected to be a return to some semblance of pre-coronavirus normalcy for movie theaters, but the industry might have a longer road ahead than some thought. Around 68 percent of ...

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  • 20 Sep
  • The Real Deal
  • Uncategorized
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Ex-candidate Tom Steyer lists SF home for $11M

Tom Steyer (Getty) Former presidential candidate and billionaire Tom Steyer is selling his longtime family home in San Francisco. Steyer is asking $11 million for the 5,625-square-foot home, according to the Wall Street Journal. The ...

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  • 20 Sep
  • The Real Deal
  • Uncategorized
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Europe’s largest timber-frame spec office complex secures funding

The Arboretum rendering (Credit: BNP Paribas Real Estate via Bisnow) The worldwide office market is reeling this year, but a trio of institutional investors are betting big on a massive project in Paris. And it’s made of wood. A joint ...

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  • 20 Sep
  • The Real Deal
  • Uncategorized
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Firms dangle big bucks to lure employees out of big cities

Stripe CEO Patrick Collison (JD Lasica via Wikipedia; Unsplash) In an increasingly work-from-home world, those with the means have also been moving out of big cities in favor of roomier, perhaps more suburban confines. Now, electronic ...

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  • 19 Sep
  • The Real Deal
  • Uncategorized
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Chinese proptech firm Ming Yuan Cloud goes public

Hong Kong Stock Exchange (Getty) Ming Yuan Cloud Group is about to go public. The Shenzen-based proptech firm plans to launch an initial public offering later this month, making it the first software-based Chinese proptech firm to ...

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  • 19 Sep
  • The Real Deal
  • Uncategorized
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