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Month: May 2021

Rent relief hinges on dwindling goodwill

Sen. Brian Kavanagh and RSA President Joe Strasburg (Getty, Strasburg via Jeffersons Siegel) Sometime this month, New York landlords and tenants will gain access to $2.3 billion in federal aid allocated by the state. The catch: They’ll ...

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  • 05 May
  • The Real Deal
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Kushner Companies violated multiple laws in massive tenant dispute, judge rules

This story was originally published by ProPublica. ProPublica is a Pulitzer Prize-winning investigative newsroom. Sign up for The Big Story newsletter to receive stories like this one in your inbox. It’s been six years since Dionne ...

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  • 05 May
  • The Real Deal
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Phil Spector’s infamous Alhambra mansion sells

Phil Spector and 1700 Grand View Drive (Getty, Redfin) The Alhambra mansion where famed music producer Phil Spector shot and killed Lana Clarkson in 2003 has sold after two years on the market. The castle-like home at 1700 Grand View ...

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  • 05 May
  • The Real Deal
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Judge strikes down federal eviction ban

U.S. District Court Judge Dabney Friedrich (Senate/Chris Coons, iStock) UPDATED May 5, 2021, 2:50 p.m.: A federal judge in the District of Columbia on Wednesday voided the nationwide moratorium on evictions. U.S. District Court Judge ...

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  • 05 May
  • The Real Deal
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DrinkPAK gulps down 400K sf at Needham Ranch complex

Clarion Partners CEO David Gilbert and Trammell Crow CEO Mike Lafitte. (The Center at Needham Ranch, Clarion Partners, Trammel Crow) UPDATED, 1:23 p.m., May 5, 2021: Beverage manufacturer DrinkPAK is gulping down another big lease deal ...

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  • 05 May
  • The Real Deal
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JJ Abrams hopes force awakens buyers for Pacific Palisades pad

J.J. Abrams and the San Remo Drive home (Getty, Realtor) J.J. Abrams is looking for a blockbuster sale in Pacific Palisades. Abrams, who has directed a pair of  “Star Wars” films, is asking $22 million for the 7,400-square-foot home, ...

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  • 05 May
  • The Real Deal
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Sam Zell acquires Monmouth Real Estate for $3.4B

Sam Zell of Equity Commonwealth and Michael Landy of Monmouth Real Estate Investment (Getty, ACRE) As the industrial real estate sector booms, Sam Zell’s Equity Commonwealth is expanding into the field. The billionaire’s company, which ...

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  • 05 May
  • The Real Deal
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Zillow profits hit record $52M in Q1

Zillow CEO Rich Barton (Getty) High demand for housing and low supply delivered another quarter of record profits for Zillow. The Seattle-based real estate giant notched $52 million in net income during the first quarter, bolstered by ...

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  • 04 May
  • The Real Deal
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Colliers’ acquisitions help boost company’s Q1 revenue

Colliers International CEO Jay Hennick (Colliers, iStock) Colliers International reported strong results in the first quarter of 2021 — a rebound that company executives attributed, in part, to the firm’s strategy of acquiring ...

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  • 04 May
  • The Real Deal
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Marshmello revealed as buyer of Mulholland Estates property

Marshmello and 14023 Aubrey Road (Getty, Redfin) Marshmello, the DJ whose face is hidden under headgear, has been revealed as the buyer behind a $10.8 million Mulholland Estates home purchase. The 28-year-old — real name Chris Comstock ...

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  • 04 May
  • The Real Deal
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