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Month: March 2022

Rexford envisions 2-for-1 deal on Chatsworth office park

Rexford Industrial Realty’s Howard Schwimmer (left) and Michael Frankel and Laramar Group CEO Jeffrey Elowe (middle) and 21415 Plummer Street (Rexford, Laramar, Google Maps) Rexford Industrial Realty plans to redevelop a recently ...

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  • 28 Mar
  • The Real Deal
  • Uncategorized
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Media entrepreneur Byron Allen picks up a pair of homes in Beverly Hills

Byron Allen in front of 1118 Calle Vista Drive (left) and 1116 Calle Vista Drive (right) (Getty Images, Compass, Redfin) Media tycoon Byron Allen paid $32 million for two adjacent Beverly Hills homes near the mansion he aims to ...

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  • 28 Mar
  • The Real Deal
  • Uncategorized
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Next on luxe auction block: Alex Khadavi’s spec mansion

(Aaron Kirman, Getty Images) Another week, another auction of a bankrupt Bel Air mansion. A little more than a week after a bankruptcy judge gave a green light to the topping $126 million bid for The One megamansion, Concierge Auctions ...

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  • 28 Mar
  • The Real Deal
  • Uncategorized
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Demand up sharply, pipeline full for data centers: CBRE

(iStock) SoCal is seeing an uptick in demand for data centers as more cloud service providers and other firms take space. Around 7.7 MW of data center space across Southern California was taken up by firms in 2021 — a 38 percent ...

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  • 28 Mar
  • The Real Deal
  • Uncategorized
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Industry leaders gather at The Real Deal’s Future City retreat: PHOTOS

More than 100 top developers, proptech principals and architects gathered at The Real Deal’s Future City retreat in the Bahamas to discuss and debate how technology is disrupting and transforming the real estate industry. TRD publisher ...

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  • 28 Mar
  • The Real Deal
  • Uncategorized
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FivePoint lays off 20 percent of workforce

FivePoint’s Daniel Hedigan with FivePoint’s headquarters (LinkedIn, FivePoint Holdings) Daniel Hedigan, named CEO of Irvine-based FivePoint Holdings six weeks ago, has cut one in five of the developer’s staff. The move follows a ...

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  • 28 Mar
  • The Real Deal
  • Uncategorized
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Gametime: Daniel Starr flips Santa Barbara mansion for $25M

(Zillow) An internet entrepreneur with a penchant for buying and selling real estate has flipped the Santa Barbara mansion he bought a little more than a year ago for nearly double the price he paid. According to the Wall Street ...

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  • 26 Mar
  • The Real Deal
  • Uncategorized
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Presidential surprise: Donald Trump kicks-off Grant Cardone’s 10X Growth Conference

Donald Trump and Grant Cardone (Cardone Enterprises) In a surprise appearance, former President Donald Trump headlined the first day of Grant Cardone’s 10X Growth Conference in Hollywood. Inside a third-floor ballroom at the Diplomat ...

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  • 26 Mar
  • The Real Deal
  • Uncategorized
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Bankruptcy auction produces $34M offer on Hadid’s Franklin Canyon parcels

Real estate developer Mohamed Hadid in front of Franklin Canyon (Getty Images, Tranzon 360, iStock/Illustration by Steven Dilakian for The Real Deal) A bankruptcy auction for the controversial 66-acre hilltop site where spec developer ...

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  • 25 Mar
  • The Real Deal
  • Uncategorized
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VC legend Andreesson buys second Malibu beach home

Marc Andreesson and 27234 – 27242 Pacific Coast Highway, Malibu (Wikipedia, Compass) It wasn’t enough for Silicon Valley venture capitalist Marc Andreeson to pay $177 million for a surfside home in Malibu. Five months after the record ...

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  • 25 Mar
  • The Real Deal
  • Uncategorized
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