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Month: August 2021

Embattled Hadid relists Beverly Hills site for $250M

Mohamed Hadid and renderings of the project (Getty, Hilton & Hyland) Faced with a litany of legal and financial problems, spec mansion developer Mohamed Hadid recently relisted a controversial, partially-built Beverly Hills Post ...

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  • 31 Aug
  • The Real Deal
  • Uncategorized
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Real estate stocks dodge obstacles, charge forward in August

Real estate stocks climbed higher in August despite the end of a national eviction moratorium and uncertainty over how the delta variant would affect retail spending and a return to the office. (iStock) As the U.S. economy emerges from ...

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  • 31 Aug
  • The Real Deal
  • Uncategorized
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City denied Kanye’s plan to relocate childhood home to Soldier Field

Kanye West and the replica of his South Shore childhood home (Getty) Kanye West’s “listening party” promoting his latest album release at Soldier Field last week featured a full-sized replica of his South Shore childhood home on the ...

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  • 31 Aug
  • The Real Deal
  • Uncategorized
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No deal! Monmouth shareholders reject Equity Commonwealth

Sam Zell of Equity Commonwealth and Michael Landy of Monmouth Real Estate Investment (Getty, ACRE) Monmouth Real Estate shareholders defied its board in a special meeting vote on Tuesday, rejecting an acquisition bid by Sam Zell’s ...

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  • 31 Aug
  • The Real Deal
  • Uncategorized
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California legislature sends zoning bills to Governor Gavin Newsom’s desk

Senator Toni Atkins and Governor Gavin Newsom (Getty) A pair of bills meant to create more affordable housing have cleared both houses of California’s state legislature and await their fates on the desk of Governor Gavin Newsom. The ...

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  • 31 Aug
  • The Real Deal
  • Uncategorized
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Growth rate of U.S. home prices reaches 30-year high

(iStock) U.S. home prices jumped by the most in three decades in June, surging 18.6 percent on an annual basis thanks to pandemic transplants and a housing shortage. It was the third straight month of record-breaking price increases, ...

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  • 31 Aug
  • The Real Deal
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Goldman: 750K households face eviction this year if rent relief isn’t sped up

Analysts at Goldman Sachs estimate that 2.5 to 3.5 million American households are behind on their rent (Getty) With the federal ban on evictions nullified, economists are painting a grim picture for millions of Americans behind on ...

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  • 31 Aug
  • The Real Deal
  • Uncategorized
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Snap’s Michael O’Sullivan pays $410K over ask for Brentwood mansion

Snap Inc.’s Michael O’Sullivan with the Brentwood property (Compass, Snap, Inc.) Snap Inc.’s top lawyer, Michael O’Sullivan, has closed on a $10.2 million purchase in Brentwood. O’Sullivan paid $410,000 over the property’s asking ...

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  • 30 Aug
  • The Real Deal
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Caldor Fire prompts more evacuations amid high temps, low humidity

The Caldor Fire on the southern side of Lake Tahoe (iStock) As the Caldor Fire rages, California residents near Lake Tahoe’s south shore have been told to be prepared to evacuate their homes. The whole Desolation Wilderness has been ...

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  • 30 Aug
  • The Real Deal
  • Uncategorized
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Bardas Investment, Bain expand $420M Echelon Studios plan

Bardas Investment Group founder David Simon and project renderings of Echelon Studios (Bardas) Lights, camera, action — and more creative office space. Bardas Investment Group and Bain Capital have detailed their plans for Echelon ...

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  • 30 Aug
  • The Real Deal
  • Uncategorized
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