Month: March 2021

Kawhi Leonard and his Pacific Palisades (Getty, Redfin, iStock) Los Angeles Clippers star Kawhi Leonard paid $17.1 million for a Pacific Palisades mansion, making it his third Southern California home. The 11,815-square-foot home on Paseo Miramar has seven bedrooms and 12 bathrooms, according to Dirt.com, which first reported the purchase. The mansion was built for…

Cerberus co-CEO Stephen Feinberg and Stonemont CEO Zack Markwell (iStock) Stonemont Financial Group and an affiliate of Cerberus Capital Management LP have formed a joint venture to invest in the white-hot logistics sector. The partners want to buy as much as $1 billion worth of industrial real estate, according to Commercial Property Executive. So far,…

By some counts, applications from Americans to move to Tel Aviv more than doubled year-over-year in 2020. (Getty) The pandemic has sent some Americans with the means searching for bigger homes and more space. But some are also looking abroad, and an increasing number of Americans are buying homes in Tel Aviv, Israel’s Mediterranean metropolis.…

The first season of The Real World was set in this iconic Broadway loft. (Brown Harris Stevens, MTV Vault via YouTube) A historic Manhattan home that architect Philip Johnson once called “the most beautiful loft in Soho” is finally in contract after several years and a handful of price cuts. Edwina Sandys, Winston Churchill’s granddaughter,…

Land conservation scheme cheated IRS out of $250M (Getty) Federal prosecutors allege that participants in a tax fraud scheme involving green space conservation deductions cheated the IRS out of $250 million. In December, two brothers working out of an Atlanta accounting firm pleaded guilty to federal tax fraud conspiracy charges for running the operation, according…

Krista Kim’s “Mars House” (Vimeo via Krista Kim) Is it a house? Is it art? Is it merely a string of code? Whatever you want to call “Mars House,” it just sold for more than half a million dollars. Toronto-based artist Krista Kim was asking 30 Ethereum tokens for a non-fungible token of a slick…

Canadian housing market could be headed to bubble territory (Getty) Canada’s sizzling housing market has again raised concern about a bubble in a country where mortgages make up one of the biggest consumer debt piles in the world. Home sale prices ended 2020 at record highs and haven’t let up this year, according to Bloomberg.…

Gil Dezer (Photos by Sonya Revell) Any screenwriter who pitched the character of Gil Dezer to a Hollywood studio would be laughed out of the room. A chain-smoking, gold chain-wearing, foul-mouthed developer who owns the Aston Martin DB5 James Bond drove in “Goldfinger” and was married at Donald Trump’s Mar-a-Lago? The 46-year-old president of the…

PG&E CEO Patricia K. Poppe, San Diego Gas & Electric CEO Caroline Winn and Southern California Edison CEO Kevin M. Payne. (Getty, PG&E, SDGE, Edison) PG&E and two other large California utilities want the state to reduce subsidies and compensation to homeowners who use solar power systems. The companies — including Southern California Edison and…

(iStock/Illustration by Kevin Rebong for The Real Deal) The federal government wants to give landlords and tenants $50 billion to help keep renters in their homes — but some of those property owners are turning down the funding that they’re eligible for. Some landlords have taken issue with the requirements to receive federal rent relief,…