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Month: March 2021

Embattled REIT seeks to auction SoCal hotels, Queen Mary lease

Sheraton Pasadena and the Queen Mary (iStock) A hospitality-focused real estate investment trust is looking to auction off some of its corporate holdings as part of its bankruptcy filing, including a 66-year lease on the Queen Mary ...

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  • 10 Mar
  • The Real Deal
  • Uncategorized
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Happiest Place on Earth has good news

(Getty, iStock/Illustration by Alexis Manrodt for The Real Deal) It was a sad day last March when the Happiest Place on Earth had to close because of Covid. But Disneyland is now targeting a late April reopening, according to the Los ...

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  • 10 Mar
  • The Real Deal
  • Uncategorized
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Homebuyers get ready to “spring” into action

(iStock / Photo illustration by The Real Deal) Homebuying season is nearly here and the demand for mortgages is accelerating. An index tracking the applications to purchase homes increased 7 percent, seasonally adjusted, last week ...

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  • 10 Mar
  • The Real Deal
  • Uncategorized
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Startup sues Zillow for suppressing lower-fee listings

Rex CEO Jack Ryan and Zillow CEO Rich Barton. (Jack Ryan via LinkedIn, Rich Barton via Zillow Group) A startup brokerage hit Zillow Group with an antitrust lawsuit on Tuesday, alleging the listing giant stifles competition and ...

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  • 09 Mar
  • The Real Deal
  • Uncategorized
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No joke: Melissa Rivers sells Santa Monica manse for $16M

Melissa Rivers and her Santa Monica home (Getty, Zillow) Television host Melissa Rivers sold her Santa Monica mansion for $15.5 million, a property she spent two years designing. Rivers bought the 7,050-square-foot home in early 2016 ...

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  • 09 Mar
  • The Real Deal
  • Uncategorized
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LA to granny flats: We want you

Collage of the pre-approved ADU designs (LA Department of Building and Safety) Los Angeles officials launched a program intended to speed up approval time for the construction of accessory dwelling units — also called granny flats — in ...

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  • 09 Mar
  • The Real Deal
  • Uncategorized
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“The One” and done: Niami faces foreclosure on Bel Air spec mansion

Nile Niami and Don Hankey with The One (Getty, Society Group PR) Nile Niami is done with “The One” but his financial troubles are mounting. Saddled with debt, the spec mansion developer is facing foreclosure on the recently-completed ...

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  • 09 Mar
  • The Real Deal
  • Uncategorized
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Trump in NYC reportedly to check on family business

Donald Trump (Getty/Illustration by Kevin Rebong for The Real Deal) Donald Trump is in New York City this week to check in on his family’s real estate business, according to a new report. The former president has shown interest in ...

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  • 09 Mar
  • The Real Deal
  • Uncategorized
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Home sale prices near 100% of asking prices

Housing sale-to-list price ratio nears 100% in February. (Unsplash) The housing market is becoming even more competitive. The sale-to-list price ratio, which measures how close homes sell to their asking price, was 99.6 percent during ...

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  • 09 Mar
  • The Real Deal
  • Uncategorized
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VTS to acquire office-tracking app for about $100M

VTS CEO Nick Romito and Rise Buildings CEO Prasan Kale (VTS, Rise Buildings) As companies consider how they can safely bring employees back to offices, mobile apps that can monitor worker movements — and thus ensure they’re abiding by ...

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  • 09 Mar
  • The Real Deal
  • Uncategorized
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