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Month: July 2021

Dietary supplement maker expands warehouse space in Valencia

Rexford Industrial Co-CEOs Howard Schwimmer and Michael S. Frankel and Lief Labs CEO Adel Villalobos with a rendering of the project (Rexford, Lief Labs) Dietary supplement maker Lief Labs inked a lease at an under-construction ...

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  • 13 Jul
  • The Real Deal
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Life sentences given for murder of real estate agent

Monique Baugh (Credit: Facebook) Two men have been given life sentences for their roles in the murder of Minneapolis real estate agent Monique Baugh. Berry Alexander Davis, 42, and Cedric Lamont Berry, 42, were convicted last month of ...

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  • 13 Jul
  • The Real Deal
  • Uncategorized
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Barry Sternlicht’s Starwood makes rival bid for Monmouth Real Estate

Sam Zell of Equity Commonwealth and Barry Sternlicht of Starwood Capital Group (Getty) Two months after Monmouth Real Estate Investment reached a deal to be acquired by Sam Zell’s Equity Commonwealth, Barry Sternlicht’s Starwood ...

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  • 13 Jul
  • The Real Deal
  • Uncategorized
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Surfside condo collapse prompts industry changes

The rest of Champlain Towers South is demolished in Surfside, Florida,north of Miami Beach, late on July 4. Raysa Rodriguez, 59, described the moment she was awakened by the collapsing northeast portion of her Surfside condo building, ...

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  • 12 Jul
  • The Real Deal
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Broker commissions could surge 16% this year

Brokers could pull in over $100 billion for the first time (Getty, iStock) A red hot housing market means a big year for brokers. Commission revenue — the cut agents get for buying or selling homes — is likely to jump 16 percent in ...

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  • 12 Jul
  • The Real Deal
  • Uncategorized
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Shonda Rhimes asks $25M for 1920-era Hancock Park manse

Shonda Rhimes (Getty) A week after cutting a multiyear contract with Netflix, TV powerhouse Shonda Rhimes is looking to cut a deal for her Hancock Park compound. Rhimes is asking $25 million for the renovated Italian villa-style home, ...

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  • 12 Jul
  • The Real Deal
  • Uncategorized
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Editor’s note: A tragic wake-up call

Stuart Elliott Disasters in South Florida have traditionally been natural, not man-made. The region’s climate, long characterized by hurricanes, has transformed the way its housing is constructed. Hurricane Andrew, which destroyed more ...

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  • 12 Jul
  • The Real Deal
  • Uncategorized
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LA’s acting mayor-to-be is affordable housing advocate and “pro-development”

Nury Martinez (Getty) Before she became Los Angeles City Council president in January 2020, Council member Nury Martinez was dubbed “pro-development” by the Valley Industry and Commerce Association. She often viewed development as a ...

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  • 12 Jul
  • The Real Deal
  • Uncategorized
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LPC West, Angelo Gordon pay $73M for office complex

LPC’s Rob Kane and Angelo Gordon CEO Adam Schwartz with the property (LPC, Angelo Gordon) LPC West and Angelo Gordon teamed up to buy a 241,000-square-foot office campus, which the intend to market to the booming life sciences sector. ...

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  • 12 Jul
  • The Real Deal
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Bette Midler sells NYC penthouse for $45M

Bette Midler and 1125 Fifth Avenue (Google Maps, Getty) After more than two decades, it’s time to close the curtains on Bette Midler’s Upper East Side penthouse. Midler and her husband, Martin von Haselberg, sold their triplex at 1125 ...

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  • 12 Jul
  • The Real Deal
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