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Month: April 2021

Amol Sarva regrets getting into bed with “consummate Wall Street type” Howard Lutnick

Amol Sarva and Cantor Fitzgerald CEO Howard Lutnick (Sarva via Sasha Maslov, Lutnick via Getty) Amol Sarva has shared new details about how Knotel’s partnership with Newmark turned hostile. In a video interview, Sarva said Cantor ...

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  • 16 Apr
  • The Real Deal
  • Uncategorized
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LA’s office market hasn’t even started to recover

(Getty, iStock) While the rollout of coronavirus vaccines offers a sign of hope for Los Angeles’ office market, the first quarter of 2021 was another one dragged down by the pandemic. Vacancy increased in all submarkets across Los ...

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  • 16 Apr
  • The Real Deal
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Mark Zuckerberg, wife fund program for South LA landlords

Mark Zuckerberg and his wife Priscilla Chan (Getty, iStock) Facebook founder Mark Zuckerberg and his wife Priscilla Chan are funding a program to support small South Los Angeles landlords. The Chan Zuckerberg Initiative joined other ...

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  • 16 Apr
  • The Real Deal
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Hot, hot, hot: Resi market sets new price records in March

(iStock) The residential real estate market set all kinds of records in March. The median home price hit an all-time high of $353,000, a 17 percent increase from the same time in 2020, according to a new Redfin analysis first reported ...

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  • 16 Apr
  • The Real Deal
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Good news: March housing starts soar 19%

Housing starts soared in March, which is good news for a residential market hampered by low inventory. (iStock) Spring homebuilding season is here — and not a moment too soon. Privately owned housing starts surged to a seasonally ...

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  • 16 Apr
  • The Real Deal
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Texas courts ignore federal ban on evictions

(iStock) Texas courts are ignoring a federal ban on evictions and allowing landlords to remove tenants who are behind on rent. For much of the pandemic, local courts in Texas were extending eviction cases for tenants who said they ...

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  • 15 Apr
  • The Real Deal
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Homebuilder sentiment ticks up in April

(iStock) April showers may bring brighter days for homebuilders. The National Association of Home Builders/Wells Fargo Housing Market Index increased to 83, seasonally adjusted, compared to March’s reading of 82. The index tracks ...

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  • 15 Apr
  • The Real Deal
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NY Dems lay out ultimatum on SALT repeal

Clockwise from left: New York Rep. Nydia Velázquez, Ritchie Torres, Jerrold Nadler, Hakeem Jeffries and Tom Suozzi (Getty) New York Democrats are turning up the heat on their party to repeal the cap on state and local tax deductions. ...

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  • 15 Apr
  • The Real Deal
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Disney CEO pays $13M for Westlake Village estate

Disney CEO Bob Chapek buys a $13M estate after laying off thousands of employees. (Getty, Jordan Cohen) Walt Disney Company CEO Bob Chapek paid $12.5 million for a 6-acre estate in Westlake Village, near another mansion he owns. ...

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  • 15 Apr
  • The Real Deal
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Bill would return Manhattan Beach land seized from Black couple century ago

The Bruce family built the resort for Black families who were barred from other beaches in the early 1900s. (Getty) Nearly 100 years ago, Manhattan Beach city officials seized land from a Black couple who operated it as a beachside ...

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  • 15 Apr
  • The Real Deal
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