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Month: January 2021

Contractors pull out as Oceanwide Center sale falls through again

The future of San Francisco’s Oceanwide Center is up in the air again (Getty, Foster and Partners)   The future of San Francisco’s Oceanwide Center is once again up in the air as a second buyer has failed to close following repeated ...

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  • 14 Jan
  • The Real Deal
  • Uncategorized
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These are the companies dumping the Trump Organization

Eric Trump and Donald Trump Jr. with President Donald Trump (Getty) The fallout for President Donald Trump and his family business after the Jan. 6 attack on the Capitol has not abated. On Wednesday, the House of Representatives ...

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  • 14 Jan
  • The Real Deal
  • Uncategorized
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Santa Monica mega-portfolio officially hits market

  Neil Shekhter (Shekhter by Kevin Scanlon; iStock) It’s official: The largest multifamily development opportunity in Santa Monica in a generation is now on the market. WSC Communities’ 23-parcel portfolio, entitled for the development ...

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  • 14 Jan
  • The Real Deal
  • Uncategorized
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A-Rod’s ex-brother-in-law alleges racketeering, embezzlement in new lawsuit against retired Yankee

Alex Rodriguez with Stuart Zook (Getty, Miami-Dade County Circuit Courts) Retired New York Yankees player and real estate investor Alex Rodriguez is facing new allegations of racketeering, embezzlement and fraud in a complaint filed by ...

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  • 14 Jan
  • The Real Deal
  • Uncategorized
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No jail time for ex-LA councilmember would be “two-tier” justice system: prosecutors

Mitchell Englander (Getty) Prosecutors in a case involving Mitchell Englander argue that no jail time for the former Los Angeles City Councilmember would represent a “two-tier system of justice.” In March, Englander pleaded guilty to ...

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  • 14 Jan
  • The Real Deal
  • Uncategorized
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What appraisal reductions mean for future losses on CMBS loans

229 West 43rd Street in New York and Two Westlake Park in Texas. New York and Texas are the states with the largest exposure to loans with appraisal reductions. (Photos via iStock; Google Maps; JLL) As delinquency rates for commercial ...

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  • 14 Jan
  • The Real Deal
  • Uncategorized
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The Closing: Ray McGuire

Ray McGuire photographed by Axel Dupeux. Ray McGuire’s path from “the streets to the suites” is made-for-movie stuff. Growing up poor and fatherless in Dayton, Ohio, he worked his way into the elite boarding school Hotchkiss, then ...

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  • 14 Jan
  • The Real Deal
  • Uncategorized
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Celebrity agent Carl Gambino expands to Miami

Carl Gambino Los Angeles broker Carl Gambino is joining the party in Miami. Gambino, who has worked with celebrities including Nick and Joe Jonas, Alex Rodriguez and Jennifer Lopez, is joining Compass in Florida, he told The Real Deal. ...

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  • 13 Jan
  • The Real Deal
  • Uncategorized
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Madison Capital, PGIM sell revamped San Fran office for $165M

Madison Capital’s Jonathan Nachmani and Harvest Properties’ John Winther with 360 Spear Street (Google Maps) Madison Capital and PGIM sold their recently revamped mixed-used building in Downtown San Francisco for $165 million. The ...

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  • 13 Jan
  • The Real Deal
  • Uncategorized
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What’s in a name? If it’s Trump, alderman wants it gone

Photo illustration of Alderman Gilbert Villegas with the Trump International Hotel & Tower. (Getty, Trump Hotels, Gilbert for Chicago)   Days may be numbered for the 3,000-square-foot “TRUMP” sign that has been affixed to the ...

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  • 13 Jan
  • The Real Deal
  • Uncategorized
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