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Month: December 2021

Veronica’s Insurance founder lists Redlands mansion

Veronica Gallardo, founder and CEO, Veronica’s Insurance, in front of 1350 S Center St, Redlands, CA (Veronica’s Insurance, Redfin/Illustration by Steven Dilakian for The Real Deal) Southern California insurance entrepreneur Veronica ...

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  • 17 Dec
  • The Real Deal
  • Uncategorized
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Covington Group acquires 70-acre industrial complex in Santa Clarita

Ken Sheer (CEO, Covington Group Inc) & map view of Saugus Station Industrial Center (LinkedIn, Google Maps) Covington Group has renovation plans for a newly acquired 1-million-square-foot industrial complex in Santa Clarita, the ...

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  • 17 Dec
  • The Real Deal
  • Uncategorized
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“Workforce housing” projects dominate LA County’s biggest apartment sales in 2021

Clockwise from top left: The Altana complex, the Residences at Westgate, Kings Villages, Union South Bay complex and the Next on Lex complex Los Angeles is in the throes of a housing shortage and affordability crisis, and one symptom ...

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  • 17 Dec
  • The Real Deal
  • Uncategorized
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Insurance payouts from deadly tornadoes could hit $5B

Insurance payouts from deadly tornadoes could result in $5 billion of payouts after the storms devastated parts of six states. (Getty Images) Insurance claims filed in the wake of the tornadoes that devastated parts of six states and ...

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  • 17 Dec
  • The Real Deal
  • Uncategorized
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ArcLight owner to demolish Chatsworth theater for industrial makeover

9201 Winnetka Ave, Chatsworth (Loopnet) The former Pacific Theater location in Chatsworth is set to be demolished and turned into an industrial complex. Decurion Corporation, the owner of movie theater chain Pacific Theater and ...

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  • 17 Dec
  • The Real Deal
  • Uncategorized
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South Korea’s Lotte Group revealed as buyer of Loop hotel

Dong-Bin Shin, chairman and CEO of South Korea’s Lotte Group, in front of the Kimpton Hotel Monaco Chicago at 225 North Wabash Avenue (Getty Images, Kimpton Hotels/Illustration by Steven Dilakian for The Real Deal) South Korea’s Lotte ...

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  • 17 Dec
  • The Real Deal
  • Uncategorized
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Hotel bookings in LA reached pre-pandemic levels in fall

Hotels in LA (iStock) Demand for travel drove hotel bookings in Los Angeles back to their pre-pandemic levels this fall. Bookings reached 100 percent of their 2019 levels in October and November, according to SiteMinder data first ...

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  • 17 Dec
  • The Real Deal
  • Uncategorized
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LVMH books Rodeo Drive hotel for $200M: sources

Bernard Arnault, chief executive officer, LVMH, in front of 360 N Rodeo Drive (Getty Images, LoopNet/Illustration by Steven Dilakian for The Real Deal) It’s the four-letter word that every seller on Rodeo Drive loves to hear: LVMH. The ...

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  • 16 Dec
  • The Real Deal
  • Uncategorized
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Second-home buyers have a new love for the Southeast

Spencer Rascoff (Co-Founder, Pacaso) & Austin Allison (Co-Founder & CEO, Pacaso). Florida, Tennessee and Kentucky counties topped the list of Pacaso’s most in-demand vacation home markets in 2021 (iStock, Pacaso) The pandemic ...

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  • 16 Dec
  • The Real Deal
  • Uncategorized
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Lennar misses earnings target, as home delivery backlog jumps 26%

Lennar’s Stuart Miller (Getty) Lennar’s homebuilding machine missed the mark on its fourth quarter earnings, as supply chain issues led to more backlogs in home deliveries. The Miami-based company’s backlog grew 26 percent, ...

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  • 16 Dec
  • The Real Deal
  • Uncategorized
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