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Month: May 2021

LA County to retailers: Masks still a must

L.A. County Public Health Director Barbara Ferrer (Getty, iStock) Los Angeles County health officials aren’t ready to let retailers relax their indoor mask-wearing rules. While the Centers for Disease Control and Prevention released ...

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  • 18 May
  • The Real Deal
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Rent prices will keep rising in suburbs: USC report

(iStock) A growing number of renters will descend on the Los Angeles suburbs in the year ahead, a trend that will fuel more price hikes amid shrinking inventory. Meanwhile, some pockets of Downtown Los Angeles that suffered the most ...

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  • 18 May
  • The Real Deal
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How Marc Ganzi bet Colony Capital’s future on the next-gen economy

Marc Ganzi (Photo by Sonya Revell) Entering an office building in the future, according to Marc Ganzi, will look something like this: “There won’t be security anymore. You’ll flash a bar code, it’ll say, ‘Yup, the elevator’s been ...

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  • 18 May
  • The Real Deal
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Trustee appointed to dissolve AWOL real estate attorney’s practice

Al Togut and Mitch Kossoff (Getty) A high-profile bankruptcy attorney is now in charge of unwinding the real estate law firm of Mitch Kossoff, who vanished last month, leaving clients scrambling to find out what happened to millions of ...

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  • 17 May
  • The Real Deal
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Developers’ attempts to change Opportunity Zone boundaries fail

IRS commissioner Charles Rettig (Getty) Developers who had hoped for potential expansion of Opportunity Zones won’t be getting their way. The Internal Revenue Services announced last week that the boundaries of about 8,700 Opportunity ...

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  • 17 May
  • The Real Deal
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Canfield sells newly converted luxury rental complex

1333 S. Orange Grove Avenue (Google Maps) Canfield Development has sold a newly built condominium-turned-luxury rental complex in Mid-Wilshire for $55 million. An affiliate of investment firm Green Cities Company acquired the Estelle ...

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  • 17 May
  • The Real Deal
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Jeter sells waterfront Tampa estate for record $23M

Derek Jeter and his Tampa mansion (Getty, Smith & Associates Real Estate/Luxury Portfolio International) Miami Marlins co-owner and New York Yankees Hall of Famer Derek Jeter scored a home run with the sale of his waterfront ...

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  • 17 May
  • The Real Deal
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Editor’s note: Battling the old guard

“The old guard has to be stopped.” That quote may sound like it came from a progressive politician in Albany, but it was actually from a real estate broker in Manhattan. One of our main stories this month looks at the lingering specter ...

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  • 17 May
  • The Real Deal
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In CDC we trust: Mask guidance prompts changes

U.S. President Joe Biden removes his mask before speaking about updated CDC mask guidance. (Getty) Aliza Bixon had insisted clients wear masks while exercising at her Miami Beach Pilates studio. Before vaccination, they had preferred ...

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  • 17 May
  • The Real Deal
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LA was top spot for commercial property investment in Covid-ravaged year

Commercial real estate investment was harder-hit in the New York metro and Bay Area than in Greater Los Angeles. (iStock) Commercial real estate investment fell across the U.S. in the year since the coronavirus pandemic began, with ...

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  • 17 May
  • The Real Deal
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