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Month: May 2021

Job recovery sputters, but hospitality & leisure add hiring

(iStock) A weaker-than-expected month for job gains had one bright spot, and it’s the same sector that has been leading employment for several months now. The leisure and hospitality sector led employment gains for the third straight ...

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  • 07 May
  • The Real Deal
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Cushman eyeing M&A opportunities post-pandemic

Cushman & Wakefield CEO Brett White (Cushman) Cushman & Wakefield reported a $17.2 million net loss in the first quarter of 2021. But the brokerage, which saw its revenue decline by 10 percent in 2020, achieved some stability ...

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  • 07 May
  • The Real Deal
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Anthony Davis buys Bel Air mansion with b-ball court

Anthony Davis and Stratford Circle mansion, Los Angeles (Getty, Google Maps) Los Angeles Lakers star Anthony Davis bought a recently renovated Bel Air mansion, complete with full-sized basketball court and Olympic-sized pool, The Real ...

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  • 07 May
  • The Real Deal
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Virtual broker eXp Realty has another record quarter

eXp CEO Glenn Sanford (eXp, iStock) eXp Realty started 2021 off real strong. Revenue at the virtual brokerage increased 115 percent to $583.8 million in the first quarter of 2021, the company reported during a Thursday earnings call. ...

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  • 06 May
  • The Real Deal
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Hudson Pacific posts profit after 2 straight quarters of losses

Hudson Pacific Properties CEO Victor Coleman with 3400 Hillview and 3176 Porter (Getty, HPP)   Hudson Pacific Properties is showing signs of recovering from the pandemic, reporting net income of $5 million in the first quarter — a ...

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  • 06 May
  • The Real Deal
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Pocket listings exclude minority homebuyers, Redfin CEO says

Redfin CEO Glenn Kelman (Getty, Redfin) Off-market listings have long been a controversial topic, with agents who oppose them claiming they provide an unfair advantage to brokers at the top end of the market. But Redfin CEO Glenn ...

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  • 06 May
  • The Real Deal
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CGI Strategies secures $41.5M loan on Koreatown apartment complex

Mariposa on 3rd CGI Strategies has secured a $41.5 million mortgage on a recently completed 122-unit apartment complex in Koreatown. CBRE Global Investors provided the floating-rate loan, according to the Commercial Observer. It has a ...

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  • 06 May
  • The Real Deal
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“Tsunami of change” in blue states a “dangerous game,” says Barry Sternlicht

Starwood Capital Group CEO Barry Sternlicht (Getty, iStock) Starwood Property Trust CEO Barry Sternlicht said New York’s rent laws place so many restrictions on building owners that a friend of his, a landlord worth billions, refers to ...

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  • 06 May
  • The Real Deal
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Facing lawsuits, Tom Girardi and Erika Jayne list Pasadena mansion

Tom Girardi and Erika Jayne with 100 Altos Drive (Getty, Compass) Former star attorney Tom Girardi and his estranged wife, “The Real Housewives of Beverly Hills” celeb Erika Jayne, listed their Pasadena estate amid mounting legal ...

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  • 06 May
  • The Real Deal
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SoCal industrial boom may prompt tighter air quality regulations

(Getty, iStock) Southern California’s industrial market has been surging, but that has come at a cost to the environment. Warehouse operators may soon have to meet new air quality regulations or pay hefty fines for their emissions, ...

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  • 06 May
  • The Real Deal
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