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Month: April 2021

Major office complex proposed for Arts District

Rendering of 2045 E. Violet Street (Rios via Urbanize) Hines and Len Blavatnik’s Access Industries are looking to build a 470,000-square-foot office and retail buildings in the Arts District, one of the larger office projects proposed ...

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  • 15 Apr
  • The Real Deal
  • Uncategorized
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US needs 4M homes to meet demand from buyers

The housing market needs 3.8 million single-family homes to meet current demand (iStock) The U.S. is facing an unprecedented housing shortage — one that’s creating problems for millennials. The housing market needs 3.8 million ...

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  • 15 Apr
  • The Real Deal
  • Uncategorized
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CoStar to buy Homes.com for $156M

Andrew Florance, CEO of CoStar Group (CoStar, Homes.com) CoStar Group is edging further into the world of residential real estate with its latest acquisition. The data giant announced Wednesday it had reached an agreement to buy ...

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  • 14 Apr
  • The Real Deal
  • Uncategorized
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EJF Capital seeks better luck with second Opportunity Zone Fund

EJF Capital Co-CEO Manny Friedman (EFJ) Manny Friedman’s EJF Capital is launching another Opportunity Zone fund after falling short of its expectations for its first. EJF will launch its second Opportunity Zone fund this week, ...

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  • 14 Apr
  • The Real Deal
  • Uncategorized
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More than half of LA homes sold above asking price

March saw more than half the homes in L.A. listed sell for more than asking price. Los Angeles homebuyers are likely to pay over asking price, as market demand continues to rise. More than half of homes in the city that sold in March ...

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  • 14 Apr
  • The Real Deal
  • Uncategorized
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Robert Durst murder trial to restart following Covid delay

Robert Durst appearing in Los Angeles County Superior Court (Getty) The murder trial of Robert Durst is set to resume in Inglewood next month, following a yearlong postponement precipitated by the pandemic. Jurors are set to return May ...

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  • 14 Apr
  • The Real Deal
  • Uncategorized
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Big landlords invest $60M in “tenant experience” startup HqO

HqO CEO Chase Garbarino (HqO via Facebook) Commercial real estate firms Cushman & Wakefield, JLL and DivcoWest are betting on a “tenant experience” startup to help get workers back to their offices. Boston-based HqO said Wednesday ...

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  • 14 Apr
  • The Real Deal
  • Uncategorized
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Madonna heads for the Hills; she’ll stay more than The Weeknd

Madonna and The Weeknd with the Hidden Hills home (Getty, Redfin) Music stars Madonna and The Weeknd collaborated on a multimillion-dollar real estate deal in Hidden Hills. Madonna forked over $19.3 million for The Weeknd’s ...

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  • 14 Apr
  • The Real Deal
  • Uncategorized
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Mortgage requests, refinancings continue to drop

(iStock) As properties fly off the market and prices continue to increase, buyers are reconsidering whether now is the time to find their dream home. An index tracking applications for mortgages to purchase homes decreased 3.7 percent, ...

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  • 14 Apr
  • The Real Deal
  • Uncategorized
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Billionaire Larry Ellison plans to knock down $80M mansion

Larry Ellison and 12525 Seminole Beach Road (Getty, Elliman, iStock) Billionaire Oracle Corp. co-founder Larry Ellison plans to demolish the North Palm Beach mansion he acquired last week for $80 million. In a letter to Oracle ...

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  • 13 Apr
  • The Real Deal
  • Uncategorized
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