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Month: April 2021

HPP signs post-production firm to big lease in Hollywood

Hudson Pacific Properties CEO Victor coleman and Company 3 CEO Stefan Sonnenfeld with renderings of the Harlow building Hudson Pacific Properties has signed a post-production studio firm to a big lease at the newest addition to its ...

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  • 13 Apr
  • The Real Deal
  • Uncategorized
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HomeX nabs $90M to connect homeowners and repair techs

HomeX founders Michael Werner and Vincent Payen (HomeX) The burgeoning market for home-maintenance technology has crowned another winner. HomeX, a startup that connects homeowners with licensed technicians, raised $90 million after ...

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  • 13 Apr
  • The Real Deal
  • Uncategorized
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ArcLight Cinemas says it’s The End

Cinerama Dome in Hollywood (Getty) Pacific Theaters announced this week it will not reopen the Los Angeles-based ArcLight Cinemas chain, including the Cinerama Dome in Hollywood. The company owned 16 movie theaters with 300 screens ...

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  • 13 Apr
  • The Real Deal
  • Uncategorized
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Institutional investors, higher material costs lead to rising home prices

Many of these investors are targeting lower-priced homes. (iStock) Homebuyers may think prices are rising and supply is dwindling because of low interest rates and increasing demand. But two of the main reasons for the skyrocketing ...

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  • 13 Apr
  • The Real Deal
  • Uncategorized
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Canadian pensions, Asian wealth funds eye single-family home rentals

Canada’s Public Sector Pension Investment Board CEO Neil Cunningham (left) and Allianz SE CEO Oliver Bäte (PSP Investments, Allianz, iStock) If you rent a home in the suburbs, your landlord could be a Candian pension fund or a Middle ...

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  • 13 Apr
  • The Real Deal
  • Uncategorized
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Ellen and Portia flip Adam Levine’s former mansion for $47M

825 Loma Vista Drive and (from left) Behati Prinsloo and Adam Levine with Portia de Rossi and Ellen DeGeneres (Getty, iStock) Ellen DeGeneres and Portia de Rossi have found a buyer for Adam Levine’s former Beverly Hills mansion, a ...

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  • 13 Apr
  • The Real Deal
  • Uncategorized
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Developer Don Peebles downsizes in South Florida

Don and Katrina Peebles with their recently purchased Bath Club unit. (Getty, ONE Sotheby’s International Realty) Don Peebles purchased an oceanfront condo at his development in Miami Beach, as he makes residential moves in South ...

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  • 12 Apr
  • The Real Deal
  • Uncategorized
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Ai Weiwei–designed home sells for $5M

Ai Weiwei with 708 New Forge Hallow (Getty, Compass) The first and only private U.S. residence designed by Chinese artist and activist Ai Weiwei has sold for nearly $5 million. Located at 708 New Forge Hallow in Taghkanic, New York, ...

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  • 12 Apr
  • The Real Deal
  • Uncategorized
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Zoom mogul drops $15M on 2 Rancho Palos Verdes pads

Subrah Iyar and one of his Sea Cove Drive properties (Getty, Redfin) Tech entrepreneur and early Zoom investor Subrah Iyar paid $14.5 million for two nearby homes in Rancho Palos Verdes. The properties are both Tuscan-style villas ...

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  • 12 Apr
  • The Real Deal
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CMBS special servicing rate declines in March

The rate of loans sent to special servicers continued to fall in March. (Unsplash) The rate of loans sent to special servicers continued to fall in March, showing signs of recovery in several sectors. The overall special servicing rate ...

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  • 12 Apr
  • The Real Deal
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