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Month: January 2021

Brookfield lines up $465M refi for Gas Company Tower in DTLA

Brookfield Property Partners CEO Brian Kingston and the Gas Company Tower at 555 West 5th Street (Brookfield) Brookfield Property Partners is continuing its streak of big office refinancings with another CMBS loan in Downtown Los ...

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  • 27 Jan
  • The Real Deal
  • Uncategorized
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Hackman Capital pays $160M for Sony animation studio

Michael Hackman and 9050 Washington Boulevard (Google Maps, iStock) Hackman Capital Partners is buying yet another multimedia studio campus in Los Angeles. Michael Hackman’s eponymous investment firm is buying Sony Pictures ...

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  • 27 Jan
  • The Real Deal
  • Uncategorized
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Ex-Freddie Mac CEO launching lending platform with Meridian, Barings

Former Freddie Mac CEO David Brickman and Meridian Capital Group CEO Ralph Herzka (Freddie Mac; Herza by Studio Scrivo) Freddie Mac’s recently departed CEO is now heading up a new agency-lending platform backed by Meridian Capital ...

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  • 27 Jan
  • The Real Deal
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Biden exec order lays foundation for restoring fair-housing rule

President Joe Biden (Getty)   President Joe Biden has taken the first step toward reinstating a fair housing rule that was scrapped by the Trump administration last year. In an executive order signed Tuesday, Biden called on the ...

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  • 27 Jan
  • The Real Deal
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Boston Properties gives dim outlook on co-working

Boston Properties president Doug Linde with Dock 72. (Beth Israel Lahey, Dock 72)   Boston Properties just made one of the most damning statements a major landlord has given on the co-working industry: It took a big write-off in ...

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  • 27 Jan
  • The Real Deal
  • Uncategorized
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Blackstone revenue jumps in Q4

Blackstone CEO Jonathan Gray (Getty; iStock)   Blackstone saw revenue jump in the fourth quarter, which the company attributed to some pandemic-resilient investments. The company reported $3.6 billion in revenue in the final quarter of ...

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  • 27 Jan
  • The Real Deal
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Life sciences boom continues with 36M sf in works

Photo Illustration of BioMed Realty CEO Tim Schoen and Alexandria Real Estate Equities CEO Joel S Marcus. (Getty, BioMed)   Demand for life sciences doesn’t seem to be letting up. As the need for wet lab space exceeds the limited ...

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  • 26 Jan
  • The Real Deal
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Paying for his play: Ex-LA councilman sentenced in City Hall corruption scandal

Mitchell Englander (Getty) Former Los Angeles City Councilmember Mitchell Englander has become the first person sentenced to prison in the pay-to-play corruption scandal focused on City Hall. On Monday, a judge sentenced Englander to ...

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  • 26 Jan
  • The Real Deal
  • Uncategorized
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US home prices surged 9.5% in November

Home prices surpass 2006 peak levels. (Getty, Unsplash / Photo Illustration by Alison Bushor for The Real Deal)   In November, indices tracking U.S. home prices surpassed a historic high point of nearly 15 years ago. The S&P ...

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  • 26 Jan
  • The Real Deal
  • Uncategorized
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Matthew Perry parts with Malibu beach house for $13M

Matthew Perry and 25438 Malibu Road (Getty, Redfin) It’s one Los Angeles property down and another to go for Matthew Perry. The “Friends” star sold his beachfront home in Malibu for $13.1 million, but is still looking to unload his ...

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  • 26 Jan
  • The Real Deal
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