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Month: February 2021

Rendon Hotel redevelopment will add 15-story tower in Arts District

Renderings of the new tower with the existing 3 floor structure. (Omgivning)   The Rendon Hotel mixed-use project in the Arts District will bring a total of 103 rooms, with a new 15-story tower and commercial space. Details of the ...

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  • 12 Feb
  • The Real Deal
  • Uncategorized
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Rapper Big Sean looks for big payout on Sherman Oaks mansion

Big Sean and his Sherman Oaks house (Getty, Redfin) Rapper Big Sean has listed the Sherman Oaks mansion he bought from rock legend Slash, hoping for nearly 50 percent more than he paid. The hip-hop star, whose real name is Sean ...

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  • 12 Feb
  • The Real Deal
  • Uncategorized
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Koch buys Las Vegas casino development

Charles Koch of Koch Real Estate Investments and 2777 South Las Vegas Boulevard (Getty, iStock) UPDATED, Feb. 12, 2021, 2:44 p.m: The real estate arm of Koch Industries is betting big that the casino industry will come roaring back ...

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  • 12 Feb
  • The Real Deal
  • Uncategorized
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Senior living facilities entice new residents with Covid vaccine

(iStock/Photo Illustration by Kevin Rebong for The Real Deal) Senior living facilities looking to assure prospective residents of their safety — and boost their occupancy levels — are offering Covid-19 vaccines as an amenity. They face ...

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  • 12 Feb
  • The Real Deal
  • Uncategorized
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Corcoran launches first international franchise in British Virgin Islands

David V. Johnson and Corcoran CEO Pamela Liebman. (Liebman ph: Marc Scrivo, Oil Nut Bay)   The Corcoran Group is going international with its first franchise outside the United States. The New York City firm will expand into the ...

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  • 11 Feb
  • The Real Deal
  • Uncategorized
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Equity Residential sees profits drop 13% in Q4

Sam Zell (Getty, iStock) There may be a light at the end of the tunnel for Sam Zell’s Equity Residential: Its earnings dropped less in the fourth quarter than they did in the previous one. The REIT’s net income in the fourth quarter ...

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  • 11 Feb
  • The Real Deal
  • Uncategorized
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South LA project may be model for privately-funded supportive housing

SDS Capital Group CEO Deborah La Franchi and RMG Housing CEO Tim Roth. (SDS, RMG, Getty)   A supportive housing project is rising in South Los Angeles that’s unlike most, if not all other affordable housing developments in the city. A ...

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  • 11 Feb
  • The Real Deal
  • Uncategorized
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Colliers leasing drops 26% in Q4 but revenue stays steady

Colliers CEO Jay Hennick. (Getty, Colliers)   Real estate firm Colliers has taken a hit from the pandemic, but in its fourth quarter earnings call, executives said the blow wasn’t as bad as anticipated. The real estate firm saw revenue ...

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  • 11 Feb
  • The Real Deal
  • Uncategorized
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Fredrik Eklund reps himself in $7M Beverly Hills buy

Fredrik Eklund and his Beverly Hills home (Getty, Redfin) More than a year after moving to Los Angeles to expand his team, Douglas Elliman broker Fredrik Eklund has planted roots in Beverly Hills. The “Million Dollar Listing” star and ...

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  • 11 Feb
  • The Real Deal
  • Uncategorized
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Sacramento city officials propose ending single-family zoning to boost housing

Sacramento Mayor Darrell Steinberg (Getty, iStock) A statewide measure to limit single-family zoning in order to boost housing and affordability has repeatedly failed, but Sacramento city officials are now debating a version of that ...

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  • 11 Feb
  • The Real Deal
  • Uncategorized
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