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Month: April 2021

New home sales soar 21%

Over 1 million new units sold last  month. (Getty) The pace of new single-family home sales skyrocketed last month. That figure jumped a stunning 20.7 percent month-over-month in March to 1.02 million units, according to the Census ...

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  • 23 Apr
  • The Real Deal
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Gaw Capital founder lists Wallace Neff-designed mansion

Goodwin Gaw and the San Marino estate (Getty, Redfin) Goodwin Gaw — whose Gaw Capital and DJM Capital bought Hollywood & Highland shopping center two years ago — has listed his San Marino estate for $21.5 million. Gaw acquired the ...

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  • 23 Apr
  • The Real Deal
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Mountain high: Homebuyers flock to and reshape ski resort towns

From left: Homes in Jackson Hole, Wyoming; Park City, Utah; and Aspen, Colorado (Getty images) In Jackson Hole, Wyoming, selling a home used to follow a reliable pattern for Latham Jenkins, a residential broker there for over 20 years. ...

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  • 23 Apr
  • The Real Deal
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41-story Koreatown tower project clears key city hurdle

Rendering of the project (Forme) A 41-story apartment tower project in Koreatown won key city approval, as developers get closer to putting a shovel in the ground. A venture of Townline and Forme Development wants to build the 367-unit ...

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  • 23 Apr
  • The Real Deal
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Exaggerated exodus: Covid didn’t scramble people’s migration patterns

The report of the death of cities was an exaggeration, an analysis of 30 million change-of-address forms shows. (iStock) Cities won’t become post-apocalyptic graveyards and work-from-home urbanites won’t revive rural America. While ...

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  • 23 Apr
  • The Real Deal
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Workforce housing investor pays $100M for Monrovia apartments

Moda at Monrovia Station and Opportunity Housing Group President Lauren Seaver (Google Maps) A workforce housing investor has acquired a recently built Monrovia apartment complex for $100 million. Opportunity Housing Group bought the ...

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  • 23 Apr
  • The Real Deal
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What SmartRent’s $2.2B SPAC means for multifamily

SmartRent’s Lucas Haldeman and Fifth Wall’s Brendan Wallace (iStock) As pandemic-challenged apartment landlords scrambled to cut costs, SmartRent CEO Lucas Haldeman’s phone lit up. The owners were eager to adopt the four-year-old ...

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  • 22 Apr
  • The Real Deal
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From slam dunk to junk: US developers face Israeli bond market reckoning

(Getty images) About a decade ago, the Israeli bond market emerged as an attractive source of capital for U.S. real estate companies at a time when traditional sources of financing proved somewhat scarce. For U.S. firms, a corporate ...

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  • 22 Apr
  • The Real Deal
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Hollywood megaproject along active fault line faces another test

Photo illustration of Phillip Aarons and a rendering of the project (Patrick McMullan/Getty) Seven years ago, the California Geological Survey concluded that an active fault line ran under a 4.5-acre chunk of land along Vine Street in ...

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  • 22 Apr
  • The Real Deal
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The Agency sues Compass for blocking exec from recruiting former colleagues

Mauricio Umansky, Rainy Hake Austin and Robert Reffkin (Getty) In October, Rainy Hake Austin jumped from head of operations for Compass’ West Coast division to president of luxury brokerage The Agency. But when Austin tried to recruit ...

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  • 22 Apr
  • The Real Deal
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