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Month: July 2021

Inside the tug-of-war over the Surfside condo site’s future

The partially collapsed 12-story Champlain Towers South condo building (Getty) Steve Rosenthal loved living along the beach, chatting with his neighbors by his condominium’s pool, having everything he needed just a short walk or drive ...

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  • 21 Jul
  • The Real Deal
  • Uncategorized
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Kevin Durant returns with $16M Hidden Hills mansion buy

The current Brooklyn Net sold his Malibu home in 2019 (Getty, Hidden Hills) NBA superstar Kevin Durant will again be calling Los Angeles home, or at least a home. The former Golden State Warrior paid $15.6 million for a Hidden Hills ...

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  • 21 Jul
  • The Real Deal
  • Uncategorized
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WeWork signs yoga retailer to 70K sf at Beverly Hills office

Alo Yoga founders Danny Harris and Marco DeGeorge with 9830 Wilshire Blvd (Instagram via DeGeorge, The Vendry) WeWork has signed yoga clothing company Alo Yoga to its entire Beverly Hills office outpost. Alo Yoga will take 73,000 ...

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  • 21 Jul
  • The Real Deal
  • Uncategorized
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Culver City approves `The Jeff,’ Sandstone Properties’ 175-unit hotel

Sandstone Properties CEO Eri Kroh with a rendering of the project (Sandstone, The Jeff Hotel) The Culver City Council gave Sandstone Properties the go-ahead to build a 175-room hotel in the city’s south end. The council unanimously ...

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  • 21 Jul
  • The Real Deal
  • Uncategorized
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Four landlords allegedly pushed out 5,000 renters during moratorium

According to the Center on Budget and Policy Priorities, around 11.5 million Americans were behind on rent last month. (Getty) A House select subcommittee is hot on the trail of four landlords allegedly responsible for forcing out ...

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  • 21 Jul
  • The Real Deal
  • Uncategorized
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Apple delays return to office by a month

Apple Headquarters in Cupertino and Tim Cook (Wikipedia) Apple will delay its employees’ return to the office by a month, becoming the latest company to change its plans as the Delta variant spreads. Employees were expected to return ...

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  • 20 Jul
  • The Real Deal
  • Uncategorized
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Buyer revealed: USC mansion sold to Chinese billionaire

Tianqiao Chen with the San Marino estate (Compass, WikiMedia / Comms88) Billionaire tech entrepreneur Tianqiao Chen was the buyer in the record-breaking sale of the University of Southern California’s presidential mansion. The $25 ...

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  • 20 Jul
  • The Real Deal
  • Uncategorized
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Employees revolt against return-to-office edicts

Momentum for a broad return to the workplace this summer is fizzling in the face of uprisings from employees reluctant to assume the risks of office life — or surrender the perks of working from home. More than seven in 10 office ...

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  • 20 Jul
  • The Real Deal
  • Uncategorized
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Kite Realty to acquire Retail Properties of America for nearly $3B

Kite Realty CEO John Kite and RPAI CEO Steven Grimes (Getty, Kite, RPAI) Kite Realty Group has agreed to pay $2.79 billion to add rival Retail Properties of America to its open-air shopping center portfolio, making the real estate ...

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  • 20 Jul
  • The Real Deal
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Contract killers: Construction disputes spell disaster for projects

Days before the opening of New York City’s second-tallest building, workers in Navillus T-shirts scurried around the construction site. Their presence at SL Green’s trophy project, One Vanderbilt, raised eyebrows: Two months earlier, ...

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  • 20 Jul
  • The Real Deal
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