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Month: November 2021

This $2.4M virtual land deal is largest ever for digital real estate

Decentraland The burgeoning digital real estate market is heating up. A virtual “estate” in Decentraland, one of the two dominant metaverses, changed hands on Nov. 23 for a record sum — the equivalent of $2.4 million at the time. ...

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  • 24 Nov
  • The Real Deal
  • Uncategorized
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Oxnard apartment complex trades hands for $39.8M

John Palmer (Founder & President, Montgomery Partners), Brendan Gibney (Vice President of Acquisitions, Interstate Equities) & Ocean Villas complex at 4401 Dallas Drive (Google Maps, montgomerypartners.com, ...

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  • 24 Nov
  • The Real Deal
  • Uncategorized
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LA wants to buy 128 apartments through Project Homekey

1630 W Florence Ave, LA (Google Maps) The City of Los Angeles wants to use Project Homekey funds to buy an under-construction apartment complex. The Housing Authority of the City of Los Angeles is set to pay developer Haroni ...

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  • 24 Nov
  • The Real Deal
  • Uncategorized
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Big deal for big-box retail: Donohue Schriber gets $121.2M for largest property in portfolio

(YouTube) Retail investor and developer Donahue Schriber Realty Group has sold its largest property. The Costa Mesa-based firm sold the 722,000-square-foot Countryside Marketplace in Menifee, Riverside County for $121.2 million, ...

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  • 23 Nov
  • The Real Deal
  • Uncategorized
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Here’s every new Amazon site in 2021

Jeff Bezos, founder and executive chair, Amazon (Getty Images, iStock/Illustration by Steven Dilakian for The Real Deal) From a real estate point of view, Amazon has certainly lived up to its name this year. Since the start of the ...

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  • 23 Nov
  • The Real Deal
  • Uncategorized
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Apartment owners give up fight against Santa Ana rent control

Santa Ana Mayor Vicente Sarmiento (City of Santa Ana, Getty) The California Apartment Association has given up its fight to stop Santa Ana’s recently passed rent control laws. The Santa Ana City Council approved rent control ordinances ...

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  • 23 Nov
  • The Real Deal
  • Uncategorized
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Rexford’s latest splurge: $107M for four new properties across SoCal

Rexford’s Michael Frankel and Howard Schwimmer with the Cerritos property (Rexford, LoopNet) Rexford Industrial Realty continues to grow its portfolio of industrial real estate across Los Angeles and the Inland Empire. The Los ...

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  • 23 Nov
  • The Real Deal
  • Uncategorized
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Proptech fundraising hits $9.5B record

(iStock) Turkeys haven’t yet hit ovens, but this year’s investments in the proptech sector have already broken the industry’s record. The sector received $9.5 billion from investors and venture capital as of mid-November, according to ...

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  • 23 Nov
  • The Real Deal
  • Uncategorized
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Appraisal startup Aloft closes $20M Series A led by Fifth Wall

Travis Soukup and Yongxing Deng with Fifth Wall’s Brendan Wallace (Aloft/Zack Phillips, Jeff Newton, iStock) A shortage of home appraisers is bottlenecking the housing market, delaying closings and putting buyers at risk of missing out ...

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  • 23 Nov
  • The Real Deal
  • Uncategorized
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$49.5M price tag on curvilinear compound in Palm Desert

706 Summit Cove in Palm Desert, CA (BIGHORN Properties) A curving post-modern mansion in Palm Desert has hit the market with an asking price of $49.5 million. The 32,000-square-foot home is owned by the late publishing and hospitality ...

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  • 23 Nov
  • The Real Deal
  • Uncategorized
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