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Month: June 2021

CRE fintech startup Blooma nabs $15M in funding

Blooma founder Shayne Skaff (LinkedIn, iStock) Blooma, a startup that wants to speed up commercial real estate lending by using AI, closed on a $15 million funding round. Canapi Ventures led the Series A, with participation from ...

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  • 08 Jun
  • The Real Deal
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Proptech firm Latch gains in first day of trading

Latch’s Luke Schoenfelder (Latch, iStock) Latch is attempting to unlock its potential in the public markets. On Monday, its first day of trading, the smart lock maker’s common stock rose 4.06 percent to $11.27. Latch is the latest real ...

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  • 07 Jun
  • The Real Deal
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Bastion Development plans another apartment complex on Culver City border

Rendering of the project (Triangle Culver City) Bastion Development Corp. is looking to build a 144-unit apartment complex on Culver City’s southern border with the city of Los Angeles. The wedge-shaped site will be home to a six-story ...

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  • 07 Jun
  • The Real Deal
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LA Dodgers co-owner puts Los Feliz estate up for $15M

LA Dodgers co-owner Bobby Patton and the property (MLB, Compass) Los Angeles Dodgers co-owner Bobby Patton is ready to make a deal — for his mansion in Los Feliz. Patton has put his 8,010-square-foot estate at 2015 De Mille Drive on ...

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  • 07 Jun
  • The Real Deal
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Compass tries to recruit brokerage owner Michael Nourmand

Michael Nourmand (Facebook via Nourmand & Associates) Talk about a bold recruiting move. Compass, determined to expand in Beverly Hills, tried to sign up Michael Nourmand, the owner of top-producing luxury brokerage Nourmand ...

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  • 07 Jun
  • The Real Deal
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Katerra files for bankruptcy

Softbank CEO Masayoshi Son (Getty, Katerra, iStock) Even after shedding hundreds of millions of dollars in debt late last year and receiving a $200 million bailout, Katerra has resorted to bankruptcy in its struggle to survive. The ...

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  • 07 Jun
  • The Real Deal
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Hedge funder picks up massive Brentwood spec mansion from Ramtin Ray Nosrati

Huntington Estate Properties’ Ramtin Ray Nosrati and the home (Huntington Estate Properties, Redfin) Spec developer Ramtin Ray Nosrati found a buyer for a $44 million Brentwood estate replete with a basketball court and putting green. ...

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  • 07 Jun
  • The Real Deal
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Snapchat’s parent company expands headquarters at Santa Monica Business Park

Snap Inc CEO Evan Spiegel, Boston Properties CEO Owen Thomas and Santa Monica Business Park. (Getty, Boston Properties) Snapchat’s parent company is expanding its headquarters at Boston Properties’ Santa Monica Business Park. Snap Inc. ...

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  • 07 Jun
  • The Real Deal
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Chinese developers find buyers for bonds, despite some defaults and specter of further regulation

(iStock) China’s real estate companies, which ran up debts at home and abroad, are finding plenty of buyers for their bonds, despite some concerning signs for the industry. Chinese real estate firms have sold $20.3 billion worth of ...

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  • 06 Jun
  • The Real Deal
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Hauntings and superstitions keep some of Hong Kong’s desirable properties empty

Hong Kong’s Dragon Lodge. (HK Urbex) What could keep buyers away from some of the world’s most sought-after real estate? Ghosts, it turns out. Hong Kong is one of the most competitive real estate markets in the world, but superstitions ...

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  • 06 Jun
  • The Real Deal
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