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Month: August 2021

Toys ‘R’ Us to be resurrected inside 400 Macy’s locations

Macy’s CEO Jeff Gennette (LinkedIn, iStock) Call it a miracle on 34th Street. Three years after shuttering its remaining U.S. locations, Toys ‘R’ Us is planning a large-scale comeback with the help of fellow iconic retailer Macy’s. The ...

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  • 19 Aug
  • The Real Deal
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BentallGreenOak commits $400M to multifamily venture

BentallGreenOak Co-CEOs Sonny Kalsi and John Carrafiell and White Oak CEO Michael Menzer (BentallGreenOak, White Oak) What do you get when two arboreal-themed investment firms team up? Apparently, a growing pile of cash earmarked for ...

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  • 19 Aug
  • The Real Deal
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After helping kill off department stores, Amazon plans to open its own

Amazon CEO Jeff Bezos (Getty, iStock) After amassing an e-commerce empire by disrupting brick and mortar retail for the better part of three decades, Amazon is now taking the competition into the real world. The e-commerce behemoth is ...

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  • 19 Aug
  • The Real Deal
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AECOM shifts corporate HQ from LA to Dallas

AECOM CEO Troy Rudd, the new office in Dallas at 13355 Noel Road, and the old California HQ at 300 South Grand Ave. (AECOM, Google Maps) Another Fortune 500 company is moving its corporate headquarters out of Los Angeles. AECOM, the ...

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  • 19 Aug
  • The Real Deal
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Park advocates battling Hadid find support from unlikely place

Mohamed Hadid (Getty) The City of Beverly Hills generally embraces luxury home construction of all kinds, allowing owners and developers to build massive mansions that occasionally include wildly eccentric amenities. But late Tuesday, ...

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  • 19 Aug
  • The Real Deal
  • Uncategorized
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Digital Bridge, formerly Colony, sells off remaining hotel portfolio

Digital Bridge’s Marc Ganzi and the Sheraton San Jose Hotel and Four Points by Sheraton Pleasanton (Ganzi by Sonya Revell, Marriott) Digital Bridge, the real estate investment trust formerly known as Colony Capital, is finalizing the ...

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  • 18 Aug
  • The Real Deal
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BlackRock’s real estate unit acquires clean energy developer

NRS CEO Patrick Pelstring and BlackRock CEO Larry Fink (NRS, BlackRock/Twitter) BlackRock is turning its eyes towards clean energy, acquiring wind and solar project developer National Renewable Solutions. Terms of the acquisition have ...

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  • 18 Aug
  • The Real Deal
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States look to erase racial covenants from housing deeds

Over the past three years, eight states have enacted laws to make it easier to eliminate racial covenants from housing deeds. (iStock) It’s 2021, but the fine print in some housing deeds still reflects an ugly time when minority ...

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  • 18 Aug
  • The Real Deal
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Developers nab $30M construction loan for South LA apartment project

CBG Co-Founders Joe Seager and Christian Hart and Parkview Financial founder Paul Rahimian with the property (CBG, Parkview, 4242 Crenshaw) A development venture nabbed a $29 million construction loan for a 124-unit apartment project ...

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  • 18 Aug
  • The Real Deal
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Gavin Newsom sells Bay Area home ahead of recall election

Gov. Gavin Newsom and 11 Rock Road in Kentfield, CA (Gage Skidmore/Flickr, Realtor) Gov. Gavin Newsom, facing a recall election, is selling his personal home outside San Francisco for almost $6 million. Newsom sold his 4,000 ...

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  • 18 Aug
  • The Real Deal
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