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Month: April 2021

Nile Niami unloads 24K sf Bel Air mansion

Nile Niami and her Bel Air mansion (Getty, Redfin) Nile Niami, the embattled spec mansion developer, just unloaded a massive Bel Air mansion at a heavy discount to its original asking price. Niami sold the 24,000-square-foot mansion ...

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  • 29 Apr
  • The Real Deal
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Pending home sales rebound

Every region except the Midwest saw month-over-month and year-over-year increases in pending sales. (iStock) The number of homes buyers put into contract last month rose after recent declines. An index tracking pending homes sales ...

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  • 29 Apr
  • The Real Deal
  • Uncategorized
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Cosmetics giant L’Oréal inks lease at Hackman’s El Segundo campus

Hackman Capital CEO Michael Hackman and L’Oréal CEO Stéphane Rinderknech with a rendering of the project (888 Douglas) L’Oréal, the world’s largest cosmetics company, is taking 100,000 square feet at Hackman Capital Partners’ creative ...

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  • 29 Apr
  • The Real Deal
  • Uncategorized
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Continuum Partners plans $2B megaproject to transform Arts District

Continuum Partners CEO Mark Falcone and the development site (Continuum, iStock, Google Maps) The megaproject is the largest to come out of the pandemic era and one of the most ambitious Los Angeles has seen in years. Continuum ...

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  • 29 Apr
  • The Real Deal
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Construction tech firm OpenSpace lands $55M to map job sites

OpenSpace CEO Jeevan Kalanithi. (Getty, OpenSpace) When the country went into lockdown last year, major construction sites deemed “essential” stayed open for business. OpenSpace, which maps construction sites and lets managers access ...

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  • 28 Apr
  • The Real Deal
  • Uncategorized
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Corporate housing firm founder lists ornate Bel Air mansion

Yvette Mimieux and Howard Ruby. (Getty, Westside Estate Agency) Extended-stay housing company founder Howard Ruby and his wife are listing their Italianate Bel Air compound for $45 million. Built in the 1920s, the 12,000-square-foot ...

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  • 28 Apr
  • The Real Deal
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Lawsuits, interrupted: Judges nix business pandemic insurance claims

GreenStreet Cafe’s lunchtime rush had just ended on a recent afternoon, but the clamor of dishes in the kitchen hadn’t ceased. Business has finally picked up at the popular eatery in Miami’s Coconut Grove, known for its red velvet ...

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  • 28 Apr
  • The Real Deal
  • Uncategorized
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From retail to residential: Apartment complex may replace strip mall

5001 Wilshire Blvd. (Getty, 42 Floors) The owner of an aging strip mall in Hancock Park has plans to replace it with a 242-unit apartment complex. Through Wilshire Springs LLC, the owner filed plans to demolish the 36,000-square-foot ...

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  • 28 Apr
  • The Real Deal
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Boston Properties to launch $2B joint venture

Boston Properties CEO Owen Thomas (iStock, Thomas by Axel Dupeux) Boston Properties is making a $2 billion bet on the office market. Executives at the real estate investment trust announced during its first quarter earnings call that ...

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  • 28 Apr
  • The Real Deal
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Roku inks long-term lease at Colorado Center

Roku CEO Anthony Wood, Boston Properties CEO Owen Thomas and Colorado Center. (Bostom Properties, WikiMedia / Collision Conf) Content streamer Roku has signed a long-term lease at Boston Properties’ Colorado Center in Santa Monica. ...

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  • 28 Apr
  • The Real Deal
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