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Month: January 2022

WeWork’s Marcelo Claure to leave SoftBank: reports

From left: Masayoshi Son, chief executive officer, Softbank; Marcelo Claure, executive chairman, WeWork (Softbank, Getty Images, iStock/Photo Illustration by Steven Dilakian for The Real Deal) UPDATED Jan. 27, 2022, 6:16 p.m.: Marcelo ...

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  • 27 Jan
  • The Real Deal
  • Uncategorized
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Key logistics link leases 163K sf site near LAX

ART: Mercury Air Cargo president John Peery and 8900 Bellanca Avenue (Mercury Air Cargo, Mohr Partners) Mercury Air Cargo, the largest air cargo handler at LAX, is leasing about 163,000 square feet of industrial property near the ...

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  • 27 Jan
  • The Real Deal
  • Uncategorized
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Netflix gets lease, options on Raleigh Studios

Netflix co-CEOs Reed Hastings and Ted Sarandos and Raleigh Studios with Hackman Capital Partners CEO Michael Hackman and George Rosenthal of Raleigh Enterprises (Getty, Hackman Capital, Raleigh Studios) Hackman Capital Partners has ...

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  • 27 Jan
  • The Real Deal
  • Uncategorized
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Oaktree Capital seizes Evergrande property worth $1B

(Evergrande Group, iStock) Los Angeles-based Oaktree Capital Management has stormed a Hong Kong “castle” valued at $1 billion. The global asset management firm has seized a 2.2 million-square-foot plot known as “Project Castle,” where ...

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  • 27 Jan
  • The Real Deal
  • Uncategorized
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Proptech stars — they’re just like us: Future City attendee spotlight

From left: Caren Maio, Blima Ehrentreu, David Abrams, David Schechtman and Justin Ehrlich You may have more in common with some of the leading proptech players than you think. For example, from March 20 to 22, you will all be in the ...

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  • 26 Jan
  • The Real Deal
  • Uncategorized
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Original EBay president peddling pair of BH mansions

1118 Calle Vista Drive (Zillow) Entities tied to billionaire Jeff Skoll are in contract to sell two homes that cover 1.5-acres in Beverly Hills, with a combined last asking price of $33 million. Palo Alto firm Capricorn Investment ...

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  • 26 Jan
  • The Real Deal
  • Uncategorized
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Developer eyes apartments in place of Pico Boulevard retail

A rendering of the planned complex at 10608-10614 W. Pico Blvd. in Cheviot Hills (Warren Techentin Architecture, Conroy Commercial, iStock) Brennen Hakimian Holdings aims to replace a row of single-story shops with a five-floor ...

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  • 26 Jan
  • The Real Deal
  • Uncategorized
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Standard gets turnkey deal on workforce housing

Standard Communities Co-Founders Scott Alter and Jeffrey Jaeger; rendering of 2530 Crenshaw Boulevard in Hawthorne (Standard Communities, iStock) Standard Communities has flipped another apartment complex from market-rate to workforce ...

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  • 26 Jan
  • The Real Deal
  • Uncategorized
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Sam Zell’s Equity Lifestyle Properties invests $147M in manufactured homes

Sam Zell with a RVC Outdoor Destinations site (Getty, RVC) Sam Zell is betting big on manufactured homes. Zell’s Equity Lifestyle Properties paid $105 million for RVC Outdoor Destinations, an entity that operates six recreational ...

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  • 26 Jan
  • The Real Deal
  • Uncategorized
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These retailers fell behind on rent last year

Retailers are falling behind on their rent (Stock, Photo illustration by Priyanka Modi) The pandemic has all but ceased to be an excuse for retailers to skip rent. Collections from national tenants last year were at 94 percent, on par ...

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  • 26 Jan
  • The Real Deal
  • Uncategorized
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