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Month: December 2020

Backlash over high cost of tiny houses

City Councilman Paul Koretz (Wikipedia Commons, iStock) A Los Angeles City Councilman wants the city to find ways to lower the proposed costs of building temporary “tiny home” villages to house the homeless. City documents first ...

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  • 16 Dec
  • The Real Deal
  • Uncategorized
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Oaktree Capital co-founder pays $26M for Holmby Hills mansion

Howard and Nancy Marks with 219 S Mapleton Drive (Getty, Redfin) Oaktree Capital co-founder Howard Marks and his wife, Nancy, who are no strangers to luxury real estate, added another Los Angeles area mansion to their holdings. ...

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  • 16 Dec
  • The Real Deal
  • Uncategorized
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Mortgage applications rise as rates reach another record low

Low interest rates have contributed to a surge in applications for mortgages and refinancing. (iStock) A new home is clearly on some holiday gift lists. Demand from homebuyers rose last week, sending an index tracking applications to ...

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  • 16 Dec
  • The Real Deal
  • Uncategorized
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California Market in Koreatown sells for $58M at bankruptcy auction

450 S Western Ave #1, Los Angeles, CA 90020 (Google Maps, iStock) Koreatown’s sprawling California Market has sold for $57.5 million in a bankruptcy court auction. Dana Point-based Jake Sharp Capital bought the property at 350 South ...

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  • 16 Dec
  • The Real Deal
  • Uncategorized
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Homebuilder confidence drops for first time since April

(iStock) Homebuilders are reining in their expectations for the housing market, according to a new report. The National Association of Home Builders/Wells Fargo Housing Market Index for this month dropped to 86, seasonally adjusted, ...

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  • 16 Dec
  • The Real Deal
  • Uncategorized
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Landlords sue Santa Monica over “arbitrary” ban on short-term rentals

Neil Shekhter of NMS Properties, who is involved in the lawsuit. (Kevin Scanlon)   A slew of apartment landlords are suing the City of Santa Monica, claiming a law that bans short-term rentals is “arbitrary, capricious, and lacking in ...

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  • 15 Dec
  • The Real Deal
  • Uncategorized
  •  1

Retail magnate Peter Nygard hit with sex-trafficking indictment

Peter Nygård (Getty) Canadian retail magnate Peter Nygard is being indicted for allegedly running a sex-trafficking ring. Federal prosecutors are also bringing Nygard up on charges of racketeering and other crimes against women, the ...

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  • 15 Dec
  • The Real Deal
  • Uncategorized
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Alex Rodriguez and Adi Chugh join $650M hotel fund

Alex Rodriguez and Adi Chugh (Getty) Retired baseball superstar Alex Rodriguez found his latest real estate investment. Rodriguez’s A-Rod Corp and joint venture partner Adi Chugh of Maverick Commercial Properties are investing in CGI ...

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  • 15 Dec
  • The Real Deal
  • Uncategorized
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Rexford adds 600K sf to industrial portfolio in Inland Empire

Howard Schwimmer and Michael S. Frankel (Rexford, iStock) Rexford Industrial Realty added another four properties encompassing 30 acres in Inland Empire, adding to its considerable Southern California holdings. The Brentwood-based firm ...

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  • 15 Dec
  • The Real Deal
  • Uncategorized
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Sale-leasebacks increasingly target struggling homeowners

Wall Street ramps up funding to lease homes to struggling homeowners (Getty, Unsplash)   Sale-leaseback deals are becoming an increasingly popular investment option as homeowners struggle to pay their mortgages, with many facing the ...

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  • 15 Dec
  • The Real Deal
  • Uncategorized
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