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Month: January 2021

Belveron Partners closes $280M fund for affordable housing

Belveron Partners founder Paul Odland with 2000 Valentine Avenue (left) and 1985 Webster Avenue in the Bronx (Photos via Google Maps; Twitter) Belveron Partners closed a $280 million fund to invest in affordable housing across the ...

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  • 06 Jan
  • The Real Deal
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LA’s biggest office sales of 2020

Rockpoint Group’s Bill Walton with 5900 Wilshire Blvd. and Silverstein Properties’ Larry Silverstein with US Bank Tower (Google Maps, Getty, Wikimedia Commons) Not surprisingly, 2020 was an all-around rough year for the Los Angeles ...

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  • 05 Jan
  • The Real Deal
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Staycationers sue luxury rental service for “abysmal” Malibu getaway

Photo illustration of 27112 Malibu Cove Colony Drive in Malibu (Photos via Realtor) Two very peeved vacationers are suing a luxury rental property service alleging that shabby Malibu accommodations ruined their glitzy Covid staycation. ...

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  • 05 Jan
  • The Real Deal
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Jeffrey Epstein’s NY townhouse gets $23M price chop

9 East 71st Street and Jeffrey Epstein (Photos via Getty) The Upper East Side townhouse owned by the late financier and sex offender Jeffrey Epstein just got a $23 million price chop. Six months after hitting the market, the mansion is ...

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  • 05 Jan
  • The Real Deal
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Florida representative wants Mar-a-Lago shut down following maskless NYE party

President Donald Trump with Melania Trump and Mar-a-Lago (Getty) Florida state representative Omari Hardy filed a complaint with Palm Beach County to shut down Mar-a-Lago following a New Year’s Eve party filled with maskless attendees. ...

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  • 05 Jan
  • The Real Deal
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Costa Mesa bar owner faces criminal charges for Covid violations

Westend Bar (Photo via Google Maps) A Costa Mesa bar owner is facing criminal charges for illegally operating during the pandemic, becoming the first business owner in the county to face such action. The Orange County district ...

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  • 05 Jan
  • The Real Deal
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Compass poached brokers with bait-and-switch, ex-agent alleges

Rober Reffkin and J. Gregory Maffei (Getty, Linkedin, iStock) A former Compass agent has accused the New York brokerage of using “bait-and-switch” tactics to lure him and other agents from competitors. In a lawsuit filed in California ...

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  • 05 Jan
  • The Real Deal
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Reese Witherspoon pays $16M for Brentwood mansion

Reese Witherspoon (Getty) Actress Reese Witherspoon and her media executive husband Jim Toth paid $15.9 million for a Brentwood estate, in a deal that closed early in the pandemic but was not previously known. Their purchase of the ...

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  • 05 Jan
  • The Real Deal
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California spent $850M on inns for homeless

Photo illustration of Gov. Gavin Newsom and the Holiday Inn in Long Beach (Getty, Google Maps) Hotel sales in California fell through the floor in 2020, but a state-run spending spree produced dozens of deals at year’s end. Gov. Gavin ...

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  • 04 Jan
  • The Real Deal
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Lakers’ Anthony Davis sells mansion for $1M less than he paid

Anthony Davis and 940 Candlecrest Drive (Getty, Redfin) Lakers star center Anthony Davis sold his Westlake Village mansion two years after he bought it, and for $1 million less than he paid. The 16,000-square-foot mansion in Westlake ...

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  • 04 Jan
  • The Real Deal
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