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Month: April 2021

There’s “lots of runway in real estate”: Blackstone’s Jon Gray

Blackstone’s Jon Gray (Getty) Blackstone Group’s president and COO Jon Gray thinks higher inflation is on the way, and he thinks risky real estate investments could be the anecdote for investors. “What we’re trying to do is position ...

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  • 22 Apr
  • The Real Deal
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Hollywood tenants’ lawsuit blitz takes turn for the surreal

(Redwood Urban) For the owners of a Hollywood apartment complex, it was a minor legal headache: Three lawsuits by former tenants alleging problems at the property. That was November. Now there are 25 lawsuits. The tenants’ cases ...

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  • 22 Apr
  • The Real Deal
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Kushner Companies sells two Maryland apartment complexes for $240M

Kushner’s Laurent Morali and one of the apartment complexes (Google Maps) Kushner Companies has found a buyer for more of its Maryland multifamily portfolio. The real estate firm sold two apartment complexes in the Baltimore area for ...

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  • 22 Apr
  • The Real Deal
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This is your home on tech

Listings With the M&A market for listings services heating up, eyeballs are worth a lot more than they used to be. CoStar bought national search portal Homesnap for $250 million in November, pitting the CRE data giant against ...

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  • 21 Apr
  • The Real Deal
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CIM Group plans 168-unit mixed-use complex in West Adams

CIM Group co-founders Shaul Kuba, Avi Shemesh, Richard Ressler and the site for the project. (Google Maps, CIM) CIM Group has big plans in West Adams. The firm wants to build a 168-unit complex that would include 40,000 square feet of ...

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  • 21 Apr
  • The Real Deal
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Tech workers plan to head back to offices by Q3

58 percent of respondents said their employees would be in the office at least three days a week (iStock) By September, a slew of workers may be finally returning to their offices. That’s according to a new report by Savills, which ...

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  • 21 Apr
  • The Real Deal
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Judge orders city, county to house Skid Row residents by fall

Judge David O. Carter (Getty) A federal judge ordered the city of Los Angeles and L.A. County to offer housing to everyone living unsheltered in Skid Row by this fall, the latest. Judge David O. Carter’s directive stems from a lawsuit ...

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  • 21 Apr
  • The Real Deal
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Vice Media’s Shane Smith sells Pacific Palisades mansion for $49M

Shane Smith and his Santa Monica estate (Photos via Getty; The Agency) Here’s more evidence that the Los Angeles luxury market remains hot: Vice Media co-founder Shane Smith sold his Pacific Palisades estate for $48.7 million, nearly ...

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  • 21 Apr
  • The Real Deal
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Buenas noticias: Hispanic homeownership soars

Hispanics account for more than half of U.S. homeownership growth in the past decade despite making up only 18 percent of the population. (iStock) Hispanic homeownership had its biggest annual increase last year in two decades. As ...

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  • 21 Apr
  • The Real Deal
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Bonkers season on tap for summer vacation rentals

It may not be so easy to book a vacation this year: Rental listings are flying off the market, and prices are soaring. (iStock) After a year of putting travel plans on hold, Americans are eager to embark on their next trip. But finding ...

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  • 21 Apr
  • The Real Deal
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