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Month: February 2021

Co-living in Koreatown: Schon Tepler Group plans new project

The current building at 743-749 S. Gramercy Drive in Koreatown. (Google Maps) The co-living model has gone through a rough patch lately. Quarters filed for bankruptcy last month, Ollie’s technology, assets and management contracts were ...

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  • 26 Feb
  • The Real Deal
  • Uncategorized
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“Emily in Paris” star Lily Collins finds buyer for Beverly Hills home

Lily Collins and her Beverly Hills home (Getty, Nicholas Property Group) “Emily in Paris” star Lily Collins has sold her Beverly Hills home for $13.5 million, The Real Deal has learned. The actress bought the 5,066-square-foot home in ...

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  • 26 Feb
  • The Real Deal
  • Uncategorized
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Underwater hotel owners are walking away from their properties

(Photo illustration by The Real Deal) With its hotels business battered by the pandemic, Ashford Hospitality Trust took a cold, hard look at its portfolio and came to a sobering conclusion: The REIT was simply going to walk away from ...

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  • 26 Feb
  • The Real Deal
  • Uncategorized
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Cushman reports 10% drop in revenue in 2020

Cushman & Wakefield CEO Brett White The fourth quarter of 2020 was another tough one for Cushman & Wakefield, putting an end to a tough year for the commercial real estate giant. Cushman reported a net loss of $27.3 million ...

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  • 25 Feb
  • The Real Deal
  • Uncategorized
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Airbnb’s losses balloon to $4.6B in 2020

Airbnb CEO Brian Chesky (Getty) Despite the luster of its eye-popping IPO, Airbnb reported a $4.6 billion net loss in 2020 in its first earnings report as a public company. The hospitality startup, which is banking on a travel rebound, ...

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  • 25 Feb
  • The Real Deal
  • Uncategorized
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Smaller cities look to cash in on shift to remote work

(IStock illustration by Kevin Rebong) Taylor Allen said her life after college was a “little bit nomadic,” as she moved from Virginia to China to Washington, D.C., to Florida. But in March 2019, the now 26-year-old Atlanta native ...

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  • 25 Feb
  • The Real Deal
  • Uncategorized
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West Covina breaks away after Covid retail restrictions rift

West Covina City Council (Getty, West Covina) West Covina city officials have been critical of the Covid restrictions Los Angeles County has imposed on retailers like restaurants and bars, as well as on residents. Now, it is breaking ...

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  • 25 Feb
  • The Real Deal
  • Uncategorized
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Renderings depict hotel planned on PCH near Nobu Ryokan Malibu

Rendering of Sea View Hotel (City of Malibu) Planning documents from the City of Malibu offer a first look at a 39-room hotel planned on the Pacific Coast Highway. Norm Haynie’s Sea View Hotel would sit on a sloping property at ...

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  • 25 Feb
  • The Real Deal
  • Uncategorized
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Starwood Property Trust’s Q4 earnings fall 38%

Barry Sternlicht (Getty, Starwood, iStock) Barry Sternlicht was in such a good mood during Starwood’s earnings call on Thursday that he joked he was taking all of the company’s cash and buying bitcoin. Sternlicht, chairman and CEO of ...

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  • 25 Feb
  • The Real Deal
  • Uncategorized
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TPG RE Finance CEO Greta Guggenheim stepping down

Greta Guggenheim (Getty) The head of TPG Real Estate Finance Trust is stepping down next month. Company CEO Greta Guggenheim, who joined the commercial mortgage REIT in 2016, will depart on March 31, Commercial Observer reported. “I ...

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  • 25 Feb
  • The Real Deal
  • Uncategorized
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