Month: September 2021

1585 Orlando Rd, Pasadena, CA (Redfin) Ezra Callahan, hired in late 2004 by Sean Parker to work for a little known outfit called Facebook, just paid $13.3 million for a century-old Pasadena mansion. Callahan and his wife Marisa bought the 9,000-square-foot property at 1585 Orlando Road, according to Dirt. Spread across more than 1.5 acres,…

Tim Cook and the La Quinta house (Getty, Realtor.com / Hideaway Properties Corp.) The house comes with a sunset view fit for a screensaver. Apple CEO Tim Cook was confirmed as the buyer of a nearly 10,000-square foot mansion in La Quinta’s exclusive Madison Club neighborhood, according to Dirt. Cook actually closed on the $10.1…

Robert Citrone, Co-Founder of Discovery Capital Management; Masayoshi Son, CEO of SoftBank; Robert Reffkin, CEO of Compass; Ori Allon, Founder & Executive Chairman of Compass (Getty Images) About 200 million shares of Compass could hit the market on Tuesday when restrictions from the brokerage’s initial public offering lift. The end of the 180-day lockup period,…

The Amazon Fresh store at 6855 La Cienega Boulevard from Red Mountain Retail Group and Michael H. Mugel (Red Mountain Group) An Amazon Fresh-leased building on the Westside has sold for $35 million to a private family office. M. David Family Holdings bought the 30,000-square-foot property at 6855 La Cienega Boulevard from Red Mountain Retail…

CenterPoint Properties CEO Bob Chapman, Developer Moishe Mana and the property (CenterPoint, Getty, Daum Commercial) CenterPoint Properties acquired a 173,000- square-foot warehouse in Pico Rivera from Moishe Mana, one of Miami’s largest private property owners. The leaseback deal adds to CenterPoint’s nearly 7 million-square-foot industrial portfolio across the Los Angeles region. The Chicago-based firm paid…

Real estate agent fired after Epik hack shows he allegedly owned racist and antisemitic websites(iStock) A South Florida real estate agent was fired by his broker after being named in a massive leak of hacked data from Epik, a domain registrar that hosts websites with far-right, neo-Nazi, and other extremist content. Pompano Beach agent Joshua…

LIVWRK CEO Asher Abehsera and Willow Studios founder Daniel Kotzer team up to buy an office building in the Arts District (LIVWRK, OMGIVNING) Developer LIVWRK has teamed up to buy a 65,000-square-foot building in the Arts District, with plans for a major overhaul. The partnership on the property at 800 Traction Avenue is with Daniel…

Joe Jonas & Sophie Turner, 3904 Valley Meadow Rd (Getty Images, RedFin.com) Joe Jonas and Sophie Turner are switching mansions and appear to be swapping coasts. A week after buying a home in Miami, the couple has sold their Encino 10-bedroom for $15.2 million, according to the Los Angeles Times. The celeb couple bought the…

Hefty premiums could be coming for beachfront properties (iStock) It’s no secret that Americans are willing to pay a premium for property on the beach. They could soon be paying hefty insurance premiums to live there as well. https://therealdeal.com/issues_articles/on-the-waterfront/ Starting Oct. 1, the federal government plans to start gradually reducing subsidies for its flood insurance…

Mies Van Der Rohe-Designed Building Nears Completion (Getty Images, iStock) Work is nearly complete on a 10,000-square-foot building on the Indiana University campus, from what had been a long-shelved design by famed architect Ludwig Mies van der Rohe. Blueprints date to the early 1950s, but it wasn’t until 2013 that then-university president Michael McRobbie heard…