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Month: February 2021

Demand for media, production space may boost Hollywood office project

Rendering of the Melrose + Seward project. (Bardas)   Developer BARDAS Investment Group has released design plans for its “campus-like” Hollywood office complex, a project that could benefit from increasing demand for media and ...

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  • 23 Feb
  • The Real Deal
  • Uncategorized
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Southern California housing rush was unabated in January

(iStock) The pandemic rush in Southern California’s housing market continued in January with no signs of abating. The median sales price across the six county region reached $599,500 — a 13 percent increase from January 2020. The ...

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  • 23 Feb
  • The Real Deal
  • Uncategorized
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US hotel market had worst year since the Great Depression

(iStock) The coronavirus pandemic made 2020 the worst year for the U.S. hotel market since the Great Depression, when occupancy rates dipped below 40 percent. In 2020, the overall occupancy rate was 41.6 percent. However, the impact ...

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  • 23 Feb
  • The Real Deal
  • Uncategorized
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Keller Williams shakes up its C-suite

From left to right: Keller Williams president Marc King, Carl Liebert, CEO of KWx, the parent holding company of KW and Gary Keller, executive chairman, KWx and Keller Williams. (Keller Williams/Illustration by Kevin Rebong for The ...

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  • 23 Feb
  • The Real Deal
  • Uncategorized
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Activist investors urge Kohl’s to cut real estate, inventory

Kohl’s investors have a list of changes they want implemented. (Getty)   A group of activist investors have something to say about Kohl’s. Macellum Advisors GP, Ancora Holdings, Legion Partners Asset Management and 4010 Capital are ...

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  • 22 Feb
  • The Real Deal
  • Uncategorized
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Out-of-state multifamily buyers eye South Florida

Parc Station When JLL’s Maurice Habif brought a 336-unit Hollywood apartment complex to market just before Labor Day, he noticed more than the regular crop of institutional investors active in South Florida paying attention. Habif saw ...

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  • 22 Feb
  • The Real Deal
  • Uncategorized
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Robyn Moore lists Malibu pad bought following divorce from Mel Gibson

Robyn Moore bought the Broadbeach Road home after splitting with Mel Gibson. (Getty, Redfin) A few years after her 2011 divorce from Mel Gibson, Robyn Moore paid $18 million for a Malibu home. Now, Moore is asking $32 million for the ...

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  • 22 Feb
  • The Real Deal
  • Uncategorized
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LA should add 15K hotel rooms to Project Roomkey: Biz Council

Los Angeles Business Council President Mary Leslie. (Getty, LABC)   A leading Los Angeles business group wants the city to substantially expand Project Roomkey, a federally-funded program that houses the homeless in hotels. The L.A. ...

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  • 22 Feb
  • The Real Deal
  • Uncategorized
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Rick Caruso asks $40M for Malibu beach house

Rick Caruso and 21528 Pacific Coast Highway (Getty, The Agency) Developer Rick Caruso is listing his Malibu beach house for $40 million. Caruso used the 7,200-square-foot home as a testing ground for design features he would use for ...

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  • 22 Feb
  • The Real Deal
  • Uncategorized
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CBRE acquires 35% stake in flex-office provider Industrious

CBRE CEO Bob Sulentic and Industrious CEO Jamie Hodari (Getty, Industrious/Illustration by Kevin Rebong for The Real Deal) CBRE Group has acquired a 35 percent stake in Industrious ahead of the flex-office provider’s possible 2021 IPO. ...

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  • 22 Feb
  • The Real Deal
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