Month: June 2021

Orchard’s Patrick McClymont and HomeLight’s Sean Aggarwal (Photos via IMAX, The Org) Two proptech firms that aim to help homebuyers compete in hot markets are steps closer to going public after naming new executives. New York-based Orchard tapped Patrick McClymont, former chief financial officer of IMAX and auction house Sotheby’s, as its CFO last month,…

State could require union labor on all affordable housing projects

Jun 18, 2021

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The State Building and Construction Trades Council president Robbie Hunter (CA Building Trades, iStock) The state legislature is considering measures that would require developers hire union labor on affordable housing projects. Not surprisingly, the industry is not happy. Affordable housing developers have criticized the proposal, arguing it would hike costs to build desperately needed affordable…

Novak Djokovic sells Miami Beach condo for modest profit

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Novak Djokovic with the unit (Eighty Seven Park unit photo via Lenny Kagan, Djokovic via Getty) The world’s top-ranked tennis player scored a small win with the sale of his Miami Beach condo. Novak Djokovic sold his unit at Eighty Seven Park in North Beach for $6 million, slightly more than the $5.8 million he…

Here’s what tenants pay at the Crescent mixed-use tower in Dallas

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Crescent Real Estate chairman John Goff and Crescent Court (Crescent) The following is a preview of one of the hundreds of data sets that will be available on TRD Pro, the one-stop real estate terminal that provides you with all the data and market information you need. Crescent Real Estate took its name from one…

Makeup mogul Jeffree Star lists 20K sf mansion

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Jeffree Star and his Hidden Hills home (Compass, Getty) Makeup mogul and often-controversial YouTuber Jeffree Star is selling his massive Hidden Hills mansion, and will move to his ranch in Wyoming. Star — born Jeffrey Lynn Steininger Jr. — listed the estate for $20 million, according to Dirt. Star first announced the listing in a…

Ex-WeWork CEO Adam Neumann inks $44M deal for Bal Harbour properties

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Adam Neumann (Getty, Bal Harbour Florida) So long, Bay Area: Adam Neumann is headed to South Florida. The WeWork co-founder and ex-CEO inked an off-market deal for two properties on the Bal Harbour Marina, just north of Miami Beach, for $44 million, the Wall Street Journal reported. The purchase comes roughly two months after Neumann…

Affordable projects in Boyle Heights and Winnetka get LA city bond financing

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A rendering of La Veranda (Abode Communities) The Los Angeles City Council approved $58.5 million in bond financing for 168 affordable apartments across two projects. The financing went to a 91-unit project slated for Winnetka and a 77-unit project in Boyle Heights, according to Urbanize. The Winnetka project is being built by Hollywood Community Housing…

Kevin Hart buys his neighbor’s house in Calabasas for $7M

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Kevin Hard and his new Calabasas house (Getty, The Shevins / Berkshire Hathaway) Kevin Hart just added 16-plus acres to his holdings in Calabasas. The comic, who owns a custom-built estate in the city, bought his neighbor’s mansion and grounds for $7 million, according to Dirt. Hart bought the property from Shakim Compere, a film…

San Fernando Valley home prices top another record in May

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