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Month: December 2020

Canadian developer bets big on comeback of cities

Rendering of Canada Square (Oxford) One major Canadian developer is making a big bet that urban centers will rebound after the pandemic. Oxford Properties Group, the real estate division of Ontario Municipal Employees Retirement ...

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  • 26 Dec
  • The Real Deal
  • Uncategorized
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Zac Efron looks to bid his neighbors farewell

Zac Efron and 2173 W Live Oak Drive (Getty, Realtor) A year before Zac Efron appeared in the movie “Neighbors” as a mischievous, hard-partying fraternity president, the actor made a quieter entrance into the Los Feliz neighborhood, ...

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  • 26 Dec
  • The Real Deal
  • Uncategorized
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Valley of the Dollars: Square Mile provides $82M loan on Reseda project

Square Mile’s Craig Solomon and a rendering of 6625 Reseda Boulevard in Reseda (Square Mile)   Square Mile Capital provided an $82.2 million construction loan to the developers of a planned 250-unit apartment building in Reseda. The ...

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  • 24 Dec
  • The Real Deal
  • Uncategorized
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Ron Burkle buys Michael Jackson’s “Neverland Ranch” for $22M

Michael Jackson’s “Neverland Ranch” has found a buyer: Billionaire investor Ron Burkle (Getty, Redfin) Billionaire investor Ron Burkle has purchased Michael Jackson’s former “Neverland Ranch” for $22 million, a far cry from the $100 ...

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  • 24 Dec
  • The Real Deal
  • Uncategorized
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Boca Raton real estate honcho James Batmasian gets presidential pardon

President Donald Trump and James Batmasian (Getty, White House) South Florida commercial real estate developer James Batmasian was among the 26 people who received a pardon from President Donald Trump on Wednesday. The Boca Raton real ...

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  • 24 Dec
  • The Real Deal
  • Uncategorized
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Porch valuation soars to $1B after IPO

Despite recurring losses, Porch was valued at $1.1 billion on its first day of trading. (Porch, Getty) After merging with a blank-check company, Porch.com is now a billion-dollar company. Despite recurring losses — which prompted ...

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  • 24 Dec
  • The Real Deal
  • Uncategorized
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DA moving forward with Manafort case after Trump pardon

Manhattan district attorney Cy Vance, Paul Manafort, and President Donald Trump (Getty) Manhattan’s district attorney is moving forward with his effort to prosecute Paul Manafort on mortgage fraud charges after President Donald Trump ...

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  • 24 Dec
  • The Real Deal
  • Uncategorized
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The secrets still to come in the FBI’s Jose Huizar investigation

                                                                        Photo illustration by Alexis Manrodt for The Real Deal (Getty, iStock) It was the fall of 2017 and Los<a class="read-more" ...

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  • 24 Dec
  • The Real Deal
  • Uncategorized
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Private credit funds expect rush as property loans come due

With loans coming due and developers scrambling for cash, private credit funds are gearing up for a busy year. (Getty)   With real estate loans coming due and developers scrambling for cash, private credit funds are gearing up for a ...

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  • 24 Dec
  • The Real Deal
  • Uncategorized
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Porch.com set to begin trading this week

Porch CEO Matt Ehrlichman (right), with Abu Dhabi Investment Authority veteran Thomas Hennessey (Ehrlichman via Porch, Hennessey via LinkedIn) Porch.com gave an early Christmas present to its investors: The home-services startup will ...

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  • 23 Dec
  • The Real Deal
  • Uncategorized
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