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Month: November 2020

NAR amends code of ethics to ban public hate speech

NAR president Vince Malta (NAR, iStock) Realtors can no longer publicly use discriminatory language without consequence. The National Association of Realtors’s board of directors voted Friday to officially expand its Code of Ethics to ...

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  • 13 Nov
  • The Real Deal
  • Uncategorized
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Brookfield delinquent on $190M loan tied to Baltimore mall

Brookfield’s  Brian Kingston and White Marsh Mall (Photos via Brookfield) Troubles mount for mall owners around the country as an increasing number are skipping loan payments, with the threat of another wave of coronavirus cases ...

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  • 13 Nov
  • The Real Deal
  • Uncategorized
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Michael Gianaris to President-elect Biden: Cancel rent

State Sen. Michael Gianaris and President-elect Joe Biden (Getty) State Sen. Michael Gianaris is calling on President-elect Joe Biden to provide relief for New Yorkers — in the form of canceling rent. The Democratic politician, who ...

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  • 13 Nov
  • The Real Deal
  • Uncategorized
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Spencer Rascoff scoops up another Brentwood Park home

Spencer Rascoff and the home (Credit; John Lamparski/Getty Images) Former Zillow CEO Spencer Rascoff has snagged another Brentwood Park property. Rascoff paid $5.7 million — a million dollars above the Zestimate — for the 1950s-era ...

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  • 13 Nov
  • The Real Deal
  • Uncategorized
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WeWork losses continue but firm sees glimmer of hope

WeWork CEO Sandeep Mathrani (Getty) WeWork is still losing money, but the flex-office provider is hoping big changes in the office market will favor the beleaguered firm. Revenues continued to decline at WeWork in the third quarter, ...

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  • 13 Nov
  • The Real Deal
  • Uncategorized
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Corcoran enters LA, absorbing “punk rock” brokerage

Michael Mahon of Corcoran and Peter Lorimer of PLG Estates Corcoran Group has entered Los Angeles, continuing the brokerage’s California expansion that began at the beginning of the year. Franchise affiliate Corcoran Global Living is ...

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  • 12 Nov
  • The Real Deal
  • Uncategorized
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Northwestern Mutual picks up Santa Monica office campus for $116M

Colorado Campus at 2041-2115 Colorado Avenue and Northwestern Mutual CEO John E. Schlifske Northwestern Mutual is expanding its California office portfolio with a four-building complex in Santa Monica, The Real Deal has learned. The ...

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  • 12 Nov
  • The Real Deal
  • Uncategorized
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Crown Equity partnership sells Rodeo Drive building for $122M

Michael Shabani of Crown and Russell Russell Gimelstob of Ascendant, and the building (Credit: Google Maps) Crown Equity and Ascendent Capital Partners has sold its Rodeo Drive property for $122 million, about 20 percent more than they ...

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  • 12 Nov
  • The Real Deal
  • Uncategorized
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Funnel raises $14.1M as demand surges for online leasing

Funnel’s Tyler Christiansen and Caren Maio Funnel, a startup that helps landlords manage their rental portfolios, has raised $14.1 million to meet a surge in demand for online leasing tools. The company, formerly known as Nestio, said ...

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  • 12 Nov
  • The Real Deal
  • Uncategorized
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Trump plan would let real estate firms avoid SALT deduction cap

Steven Mnuchin (Getty) The Treasury Department has announced a new measure that would allow many businesses to get around the cap on state and local tax deductions. Congressional Republicans and the Trump administration implemented the ...

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  • 12 Nov
  • The Real Deal
  • Uncategorized
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