Month: March 2021

Fifth Wall’s Brendan Wallace and Greg Smithies with The Real Deal’s Hiten Samtani (Getty, iStock) Real estate is the quiet sinner in the climate crisis. The industry might not be the Disney villain of greenhouse gases, cackling as it wreaks havoc on the world, but some estimates show it accounts for up to 40 percent…

Hackman Capital Partners CEO Michael Hackman and Television City (Hackman Capital Partners and Flickr/vagueonthehow) Hackman Capital Partners has big plans for CBS Television City in Fairfax, as in $1.25 billion big. Hackman said it will spend that much to redevelop and renovate the landmarked 25-acre production campus it acquired three years ago for $750 million.…

Jerry Seinfeld and his Telluride estate (Getty, Realtor) Jerry Seinfeld wants to sell his Telluride, Colorado, home — and this time he’s not joking. The comedian and his wife, Jessica Seinfeld, listed the house for a second time and are now asking $14.95 million, the Wall Street Journal reported. They previously tried to sell the…

Lennar CEO Rick Beckwitt and a selection of the company’s homes (Lennar) One of the country’s largest homebuilders is making a giant bet on the single-family rental market. Lennar is launching a $4 billion platform that will buy single-family homes and townhomes to turn into rentals. Called Upward America Venture, it will target “high-growth markets,”…

From left: JLL’s Tim Rivers, Levine Kellogg’s Jeffrey Schneider, Meland Budwick’s Mark Meland, Blanca Commercial Real Estate’s Tere Blanca, Savills’ Tom Capocefalo and Collier’s Jonathan Kingsley Law firm Levine Kellogg Lehman Schneider + Grossman, now at downtown Miami’s Citigroup Center, plans to cut its space in half at its future office as many attorneys opt…

Notarize CEO Pat Kinsel. (Notarize) Following a year of explosive growth, online notary startup Notarize has raised $130 million from investors — including Google’s parent company and Wells Fargo — to fuel its continued expansion. The round values the company at $760 million, more than triple its valuation of $250 million last March, according to…

John Fogerty and his Encino home (Getty, Redfin) John Fogerty may be the old man down the road, but lookin’ out his front door, he wants a change. The famed rock singer and former Creedence Clearwater Revival frontman is asking $9 million for his Encino mansion, according to the Los Angeles Times. Fogerty bought the…

Perla on Broadway SCG America, which just completed its 35-story condo tower in DTLA, is looking to carve out a niche with smaller units in a market that has been buffeted by the pandemic. The 450-unit property on South Broadway includes residences as small as 460 square feet, according to Urbanize. Perla on Broadway also…

Compass CEO Robert Reffkin and Side CEO Guy Gal (Getty, Twitter, iStock) No sooner did the venture capital-backed brokerage Side achieve unicorn status last week than the comparisons to Compass started rolling in. The firm, which targets “not all agents, just the best agents,” announced a $150 million round led by Coatue Management, putting its…

(iStock/Illustration by Kevin Rebong for The Real Deal) Whether it’s to reunite with grandparents or an escape from work-from-home, Americans have set their sights on summer travel amid mass vaccination efforts. Searches for late flights on travel apps such as Hopper have increased by about 75 percent since February, the New York Times reported. More…