Month: August 2021

No one can hold a candle to the beloved Alex Trebek — it’d be foolish to even try. Still, as “Jeopardy!” has been having some issues auditioning replacement hosts, we thought we’d try our hand in the real estate category with some previews of our upcoming weekend edition coverage: This 11-time NBA champion just listed…

Don Peebles (WikiMedia / Photographer Polo Sivori More than two years after Don Peebles launched a $500 million fund to support minority and women developers, he has had little success so far garnering support from investors. The developer launched a fund in June 2019, aimed at projects ranging from $10 million to $70 million throughout…

KKR Co-Chair Henry Kravis (Wikipedia) Global investment firm KKR is diving deeper into real estate, launching a platform designed for triple-net lease investments. The company announced the formation of Strategic Lease Partners this week. KKR has plans for a portfolio that will exceed $3 billion with diversified assets, according to Commercial Property Executive. The platform…

The agency is challenging $21 billion in deductions over a three-year period (Getty) The IRS is hot on the tail of promoters of tax-deductible easements who are allegedly inflating values to increase those deductions. The agency is challenging $21 billion in deductions over a three-year period from 2016 to 2018, Bloomberg reported. It is going…

Filmmaker Kathryn Bigelow and the modern Coldwater Canyon home (Compass, Getty) Oscar-winning filmmaker Kathryn Bigelow is dropping the asking price again on her 6,300-square-foot home in Beverly Hills. The director of “Hurt Locker” is now asking $8.4 million for the home at 3201 Coldwater Canyon Lane, according to Dirt. That’s down about a third from…

WeWork CEO Sandeep Mathrani, GSA Administrator Robin Carnahan (Wikipedia, GSA, iStock) WeWork’s newest tenant is the country’s largest office space occupant: the federal government. The U.S. General Services Administration awarded the coworking company a $10 million contract to provide office space for government workers. The contract marks the first time the government has looked for…

As of early August, the state had distributed around $243 million in rental assistance (Getty) Los Angeles will again be accepting applications for the state’s massive rental assistance program. Renters and landlords in the city can submit applications starting at 7 a.m. on Sept. 1, according to Urbanize. The federally-funded program — with over $5…

Justice Brett Kavanaugh (Getty, iStock) The Supreme Court dropped the hammer on nonpaying tenants Thursday, ruling President Joe Biden’s latest eviction ban unconstitutional. The decision frees landlords to move forward with eviction proceedings, except in the few places where local moratoriums remain in place. New York’s ban, which was severely weakened by the high court…

Kamini Lane (Getty) Kamini Lane has left her position as president of Compass’ west region, exiting the brokerage from one of its top executive roles, The Real Deal has learned. “Compass and Kamini Lane have mutually agreed to part ways,” a Compass spokesperson said Thursday afternoon in an emailed statement. “Compass thanks Kamini for her…

The Oakland Coliseum redevelopment plan (MLB) Public land across California is becoming a battleground between state and local authorities over affordable housing. California won enforcement rights in 2019 for a 52-year-old law that allows it to track public land deals and levy fines if a local agency fails to prioritize affordable housing development on those…