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Month: November 2020

Skeptical retail lobby wants data to justify Covid restrictions

California Retailers Association president Rachel Michelin (iStock)   California retailers are losing patience and money when it comes to the state’s seesawing Covid restrictions and closures.  “We’ve asked the state for data,” ...

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  • 19 Nov
  • The Real Deal
  • Uncategorized
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NAR hit with another antitrust lawsuit over commissions and MLS rules

NAR CEO Bob Goldberg (Photo via NAR) The National Association of Realtors has once again had its competitive practices called into question — this time by the federal government. The Department of Justice announced Thursday that it ...

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  • 19 Nov
  • The Real Deal
  • Uncategorized
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Mortgage originations at 2nd highest level in 20 years: Fed

Federal Reserve chairman Jerome Powell (Getty; iStock) Mortgage balances rose in the third quarter as foreclosure filings fell, according to the Federal Reserve Bank of New York. Borrowers took out $1.05 trillion in home loans, ...

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  • 19 Nov
  • The Real Deal
  • Uncategorized
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Lawsuits allege Airbnb guests ran rampant at Hollywood apartment complex

1724 Highland Avenue (Redwood Urban) Three lawsuits from former tenants at a sprawling apartment complex in Hollywood accuse the landlord of flagrantly violating the city’s short-term rental ordinance. Airbnb guests allegedly threw ...

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  • 18 Nov
  • The Real Deal
  • Uncategorized
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Editor’s note: Can we get back to business?

Stuart Elliott For many of us, following politics has taken up so much bandwidth in our lives over the past four years. We’ve gotten used to our daily fix of outrage, about how our side is going to save the world and the other side is ...

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  • 18 Nov
  • The Real Deal
  • Uncategorized
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Video tour startup raises $22M after demand spikes

Realync CEO Matt Weirich (Headshot via Realync) An Indiana startup that sells video software to apartment owners has just nabbed $22 million in growth equity to keep up with unprecedented demand for its wares. Realync said the funding, ...

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  • 18 Nov
  • The Real Deal
  • Uncategorized
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Jadian Capital closes $650M fund targeting emerging real estate

Jadian Capital’s Jarret Cohen with Jadian’s life sciences property in Fremont, CA (Photo via Jadian Capital) Jadian Capital has closed a $650 million fund that will target emerging real estate sectors, such as life sciences, data ...

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  • 18 Nov
  • The Real Deal
  • Uncategorized
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Rocca Development plans 81-unit rental complex in Hyde Park

Ben and Jonathan Rocca (Google Maps) Rocca Development wants to build an 81-unit apartment complex in Hyde Park and would seek city incentives through the Transit Oriented Communities program. The Canoga Park-based firm has filed plans ...

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  • 18 Nov
  • The Real Deal
  • Uncategorized
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NestEgg nabs $7M to pay your rent

NestEgg’s Eachan Fletcher (iStock) NestEgg, a startup aimed at making sure landlords get paid on time, just raised $7 million to hit the gas on new offerings, including financing for maintenance expenses. The Series A was led by Hyde ...

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  • 18 Nov
  • The Real Deal
  • Uncategorized
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Do I hear? Beverly Crest mansion, listed for $160M, heads to auction

Steven Udvar-Hazy and 67 Beverly Park Ct (Hilton & Hyland) Villa Firenze is 28,000 square feet and for two years, the Beverly Crest mansion has lingered on the market for $160 million. Without a buyer, the massive mansion is now ...

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  • 18 Nov
  • The Real Deal
  • Uncategorized
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