Miami-based investment firm Gencom acquired the 42-story Thompson Central Park, a 587-key hotel centrally situated on Manhattan’s Billionaires’ Row. At a purchase price reportedly north of $300 million, the deal marks Gencom’s debut... Read more »
The vulnerability of county-level housing markets varies across the country, but it’s areas on both coasts that may be at the greatest risk if a downturn occurs. Source link Read more »
Blackstone is gaining 8,300 apartments across California with its $10 billion acquisition of AIR Communities. On Monday, Blackstone announced it was buying AIR Communities, also known as Apartment Income REIT, for $10... Read more »
CBRE secured $36.4 million in post-acquisition financing for TRC to recapitalize the purchase of a 115,939-square-foot Target-anchored center in La Canada Flintridge. Shaun Moothart, Bruce Francis, Bob Ybarra, Doug Birrell, Nick Santangelo and Jim Korinek with CBRE’s Capital Markets... Read more »
Lew Horne thought he was going to run a pet store business. Then, he thought he’d sell computerized systems to wholesale grocers. Neither panned out. Instead, Horne runs CBRE’s operations across Los... Read more »
Corcoran told Yahoo! Finance she doesn’t believe the effects of the settlement will be as earth-shattering as many make them out to be, but that “the confusion it’s causing is amazing.” Join... Read more »
A full-floor unit at Wilshire House has traded in the priciest condo deal in Los Angeles County so far this year, The Real Deal has learned. The property, Unit 20C at the... Read more »
“NAR threw 81 of their largest firms under the bus,” Steve Murray, the co-founder of RealTrends Consulting, said. “Those firms represent roughly 500,000 of their members, or a third of their membership,... Read more »
Investors Mark Cirlin and Man Li-Yeh have parted with a Malibu estate for $38.45 million, marking the priciest home sale in Los Angeles County so far this year. The property, at 33740... Read more »
City Market of Los Angeles has moved forward with approved plans to turn three blocks in Downtown L.A.’s Fashion District into an urban-retail village with nearly 1,000 homes. The Downtown-based former wholesale... Read more »