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Month: November 2021

Digital dis: restaurateur claims Zillow “hurting me” on $29.5M listing

Dana Hollister and 1923 Micheltorena Street (Zillow, Dana Hollister) Restaurateur Dana Hollister has chopped off $10.5 million from the asking price for her Silver Lake estate. Hollister, who famously figured in a real estate feud with ...

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  • 17 Nov
  • The Real Deal
  • Uncategorized
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@properties acquires Christie’s International Real Estate

Christie’s International Real Estate CEO Dan Conn, @properties Co-Founder Thaddeus Wong (LinkedIn, atproperties.com, iStock, Illustration by Kevin Cifuentes for The Real Deal) Two of the biggest names in residential real estate, ...

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  • 17 Nov
  • The Real Deal
  • Uncategorized
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Backlog blues: Permits rise, housing starts slow in October

(iStock) The backlog plaguing housing construction doesn’t appear to be easing. The number of homes authorized but unbuilt rose in October as broken supply chains continued to wreak havoc on the industry, according to the U.S. Census ...

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  • 17 Nov
  • The Real Deal
  • Uncategorized
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Brookfield weighs $1.5B hotel portfolio sale

Bruce Flatt, chief executive officer, Brookfield Asset Management (CoStar Group, WoodSpring Suites, iStock) Brookfield Asset Management is weighing the sale of a portfolio of extended-stay hotels for up to $1.5 billion, Bloomberg ...

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  • 17 Nov
  • The Real Deal
  • Uncategorized
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Price revealed: Lone Star paid $71M for Westin LAX

Lone Star Funds founder John Grayken and Westin LAX (Lone Star, Marriott) Lone Star Funds paid $71.25 million for the Westin LAX, The Real Deal has learned. The Dallas-based private equity firm bought the 747-room hotel from Host ...

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  • 17 Nov
  • The Real Deal
  • Uncategorized
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Vietnam-based EV brand picks Playa Vista for US headquarters

Pham Nhat Vuong (Founder, VinFast) & view of Playa Jefferson (forbes.com, Vantage Property Investors, Photography by Heli Photo and Ryan Gobuty/Gensler) Vietnam-based automaker VinFast plans to open a U.S. headquarters in Playa ...

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  • 17 Nov
  • The Real Deal
  • Uncategorized
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A record-shattering quarter for industrial real estate

Industrial real estate saw highest net absorption since 2008 and the highest quarterly asking rents on record. (iStock/Illustration by Kevin Rebong for The Real Deal) Industrial real estate made history in the third quarter as ...

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  • 16 Nov
  • The Real Deal
  • Uncategorized
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Madison Realty Capital extends LA push with $91M loan

Josh Zegen (Managing Principal, Co-Founder, Madison Realty Capital) & 16225 San Fernando Mission Boulevard (Google Maps, madisonrealtycapital.com) Madison Realty Capital, a New York-based lender and real estate private equity ...

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  • 16 Nov
  • The Real Deal
  • Uncategorized
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Riverside hears appeals on long-planned downtown hotel project

(City of Riverside / Greens Development) The Riverside City Council on Tuesday is set to hear dueling appeals related to a proposed 226-key hotel in its downtown historic district. There are appeals for both the Riverside Planning ...

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  • 16 Nov
  • The Real Deal
  • Uncategorized
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Fannie, Freddie to buy mortgages up to nearly $1M

Fannie Mae CEO Hugh Frater & Freddie Mac CEO Michael DeVito (iStock, freddiemac.com, fanniemae.com) Fannie Mae and Freddie Mac will increase loan limits in the coming weeks, making it easier for buyers of more expensive homes to ...

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  • 16 Nov
  • The Real Deal
  • Uncategorized
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