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Month: November 2021

Pasadena developer’s plans for SF Tennis Club spark public volley

A rendering of the planned office campus at 88 Bluxome Street (TMG Partners, iStock) A vocal group of Bay Area locals are outraged by a Pasadena developer’s decision to drop tennis from a planned 775,000-square-foot office campus on ...

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  • 30 Nov
  • The Real Deal
  • Uncategorized
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Burbank approves mixed-use plan for former big-box retail

Burbank mayor Bob Frutos, Burbank Aero Crossing and LaTerra Development’s Charles Tourtellotte (Getty, LaTerra Development) The Burbank City Council has signed off on a proposal by LaTerra Development to redevelop a one-time big-box ...

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  • 30 Nov
  • The Real Deal
  • Uncategorized
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Real estate developers, brokers court Art Basel Miami Beach attendees

Inset: Jay Philip Parker, Alicia Cervera Lamadrid, Edgardo Defortuna Art Basel Miami Beach, the art fair of art fairs that has grown into a weeklong affair with ancillary shows and events, is back for the first time since 2019. And the ...

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  • 30 Nov
  • The Real Deal
  • Uncategorized
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Business manager to A-listers turns up in $24M Westside listing

The property and David Bolno (Google Maps, NKSFB) UPDATED, Nov. 30, 3:45 p.m. PT: A Hollywood business manager whose clients include some of the biggest names in music is a trustee of a Westside estate recently listed for $24 million. ...

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  • 30 Nov
  • The Real Deal
  • Uncategorized
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Going up: Mizrahi-Tefahot Bank shifts U.S. office to LA’s Bunker Hill

From left: Marty Burger, CEO, Silverstein Properties, and Moshe Larry, CEO, Mizrahi-Tefahot Bank in front of U.S. Bank Tower in Downtown Los Angeles (Getty Images, iStock) Silverstein Properties has added a new tenant to its U.S. Bank ...

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  • 30 Nov
  • The Real Deal
  • Uncategorized
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Musk could save $2B in California taxes on Texas move

Photo Illustration of Elon Musk (Getty) Elon Musk’s claim of residency in Texas could save a $2 billion capital gains tab if he follows through with a pledge to sell a 10 percent stake in the company he co-founded and built into an ...

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  • 30 Nov
  • The Real Deal
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Home prices up 20%, but buyers, take heart

The year-over-year rise in home prices was just below the 19.8 percent annual rise in August. (iStock) U.S. home prices remain significantly higher than a year ago, but the growth is easing and perhaps even ending, according to new ...

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  • 30 Nov
  • The Real Deal
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On again, off again, down again for Bel-Air mansion

11630 Moraga Lane (Zillow) A Bel-Air mansion that has been on and off the market since 2017 is back on the block at a deeper discount. The 19,127-square-foot property, at 11630 Moraga Lane has a current asking price of $25.3 million–a ...

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  • 29 Nov
  • The Real Deal
  • Uncategorized
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Treasury Department to ease rent relief backlogs with reallocations

Secratary of the Treasury Janet Yellen (Getty, iStock) States struggling to keep rent relief efforts alive could soon benefit from a Treasury Department plan to reallocate funds. Rental-assistance money would be shifted from ...

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  • 29 Nov
  • The Real Deal
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Black Friday retail traffic stuck below pre-pandemic levels

Traffic was up 47.5 percent from last year, when coronavirus restrictions and concerns were more rampant. (iStock, Getty) Even after the peak of the pandemic, Black Friday no longer appears to be the saving grace of retailers around ...

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  • 29 Nov
  • The Real Deal
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