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Month: February 2021

Was ex-mayor of this small LA County city charged in alleged pay-to-play property scheme? Bingo!

Former Maywood Mayor Ramon Medina (Facebook) As the biggest city in California, perhaps Los Angeles’ epic and ongoing real estate-related corruption scandal centered on former City Councilman Jose Huizar should come as no surprise. But ...

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  • 05 Feb
  • The Real Deal
  • Uncategorized
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Hospitality lost 61K jobs in January — a big improvement

Since February 2020, employment in leisure and hospitality has fallen by 3.9 million. (Getty)   Employment in real estate declined in January, but the drop in hospitality positions was not nearly as bad as in December. Job losses in ...

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  • 05 Feb
  • The Real Deal
  • Uncategorized
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Silicon Valley’s Founders Fund inks Miami lease

Founders Fund partners Peter Thiel and Keith Rabois (Getty/Illustration by Kevin Rebong for The Real Deal) Founders Fund, the major Silicon Valley venture capital firm with billions of dollars in capital under management, is planting a ...

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  • 05 Feb
  • The Real Deal
  • Uncategorized
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Two SPACs seek $425M for proptech deals

Cousins Brian and Ben Friedman teamed up with a San Francisco Giants minority owner. (Getty, Friedman Capital)   Another day, another SPAC. The latest is from Scott Seligman, a real estate investor and minority owner of the San ...

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  • 05 Feb
  • The Real Deal
  • Uncategorized
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Trousdale Estates mansion with ties to Hadid, 1MDB masterminds sells for $27M

Jho Low, Riza Aziz and Mohamed Hadid with the Trousdale Estates mansion (Photos via Getty, Redfin) A Trousdale Estates mansion in Beverly Hills that was built in part with money stolen in the 1MDB scandal just sold for $27.4 million. ...

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  • 05 Feb
  • The Real Deal
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Steph Curry asks $1.35M for modest Menlo Park home

Curry bought the Menlo Park home 2 years ago. (Getty, Compass)   Golden State Warriors star and three-time NBA champion Steph Curry is looking to shed some real estate. Curry has listed a Menlo Park home he bought just two years ago, ...

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  • 04 Feb
  • The Real Deal
  • Uncategorized
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Pacific Western Bank buys Wedgewood’s multifamily lending wing

Pacific Western Bank’s Matt Wagner and Civic’s William Tessar (Photos courtesy American Banker; Civic) A subsidiary of PacWest Bancorp has acquired the multifamily lending wing of Redondo Beach-based Wedgewood. Beverly Hills-based ...

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  • 04 Feb
  • The Real Deal
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NYC’s most iconic retail drag blighted by empty stores

A social media campaign marketing an empty Fifth Avenue store with the hashtag #FifthAveStrong — meant to be a shot in the arm for the ailing stretch of high-street retail — was used in just one Instagram post that, since September, ...

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  • 04 Feb
  • The Real Deal
  • Uncategorized
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Shovel-ready site in Silver Lake trades for $3.5M

MDT Properties Marc Tavakoli and 627-631 N. Dillon Street (Google Maps, iStock/Illustration by Alexis Manrodt for The Real Deal) A shovel-ready development site in Silver Lake has changed hands for $3.5 million. The double lot at ...

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  • 04 Feb
  • The Real Deal
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CoreLogic finds buyer in $6B deal

From left: CoreLogic CEO Frank Martell, Stone Point Capital CEO Charles Davis and Insight Partners’ Deven Parekh (Getty; Stone Point; Insight; iStock) The competition to buy CoreLogic is over. Private equity firms Stone Point Capital ...

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  • 04 Feb
  • The Real Deal
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