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Month: December 2020

Waterfront Miami Beach mansion linked to Elizabeth Taylor sells for $20M

2555 Lake Avenue and Elizabeth Taylor, pictured at the house in 1949 (Getty) The waterfront Miami Beach mansion that the late Elizabeth Taylor called home in the 1940s sold for nearly $20 million. Property records show 2555 Lake Avenue ...

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  • 30 Dec
  • The Real Deal
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Flea sells Malibu estate for $20M

Red Hot Chili Peppers bassist Flea sold his compound in the Encinal Bluffs neighborhood. (Getty, iStock) Malibu is having a moment. The picturesque — and pricey — oceanfront locale has been a hive of activity for celebrity homebuyers ...

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  • 30 Dec
  • The Real Deal
  • Uncategorized
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Tales from the industrial boom

Eastview Commerce Center in Miami, formerly a golf course A former Miami golf course turned into an industrial park. A Hollywood warehouse chopped up into six smaller offerings. And a bidding war over industrial space in East Hialeah. ...

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  • 30 Dec
  • The Real Deal
  • Uncategorized
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Here’s what tenants are paying at Ratkovich and partners’ Alhambra campus

Ratkovich Company’s Wayne Ratkovich and the Alhambra at 1000 South Fremont Avenue (Getty, Ratkovich) In mid-2016, the Ratkovich Company and American International Group’s Alhambra office complex found itself in a tough spot ...

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  • 30 Dec
  • The Real Deal
  • Uncategorized
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Die another day: Ashford gets $350M to survive pandemic

Oaktree Capital Management CEO Jay Wintrob and Ashford Trust CEO Rob Hays (iStock) The price is high, but one of the nation’s largest hotel investment trusts will live to be hospitable another day. Ashford Hospitality Trust secured a ...

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  • 29 Dec
  • The Real Deal
  • Uncategorized
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Kushner Companies plans $100M Israeli bond raise

Kushner Companies has filed papers to raise $100 million through a bond issuance on the Tel Aviv Stock Exchange. (Getty, iStock)   As a senior advisor in the Trump White House, Jared Kushner played a lead role in implementing the ...

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  • 29 Dec
  • The Real Deal
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Home prices hit fastest growth in six years

Home prices’ 12-month gain hit a six-year high in October. (iStock) Home prices continued to surge in October, new data show. Prices were up 8.4 percent year-over-year, according to the S&P CoreLogic Case-Shiller index tracking ...

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  • 29 Dec
  • The Real Deal
  • Uncategorized
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Developer files for 254-unit West Adams complex

Development site for planned 254-unit project at 3200 S. La Cienega Boulevard in West Adams. (Google Maps) A developer filed plans to build a 254-unit apartment complex in West Adams, a market-rate project that will include a portion ...

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  • 29 Dec
  • The Real Deal
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Simon completes acquisition of high-end mall owner Taubman

David Simon of Simon Property Group and Robert Taubman of Taubman Centers (Getty, iStock) After a tumultuous process, Simon Property Group has completed its acquisition of Taubman Realty Group. Under the merger agreement, which was ...

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  • 29 Dec
  • The Real Deal
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Malibu’s Il Pelicano estate sells for $30M below original asking

Chad Richison and Il Pelicano (Douglas Elliman) After lingering on the market for more than two years, a cliffside Malibu estate sold for a fraction of its $58 million original asking price. Billionaire Chad Richison, the founder and ...

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  • 29 Dec
  • The Real Deal
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