Barry Sternlicht (Credit: Getty Images) On the heels of a strong second quarter for Starwood Property Trust, Chairman and CEO Barry Sternlicht spoke to analysts during an earnings call Wednesday about the slowing economy and “trade wars fought at 4 a.m. with tweets” that are eroding confidence in the markets. The real estate investment trust […]
Hackman Capital closes on Manhattan Beach Studio purchase, local homebuilding fees are too damn high, study finds: Daily digest
Every day, The Real Deal rounds up Los Angeles’ biggest real estate news. We update this page at 9 a.m., 12:30 p.m., and 4 p.m. PT. Please send any tips or deals to tips@therealdeal.com This page was last updated at 9 a.m. PT Hackman Capital Partners is James Cameron’s new landlord in Manhattan Beach. […]
Movers & Shakers: Lendlease hires new West Coast development exec, Allen Matkins adds two partners & more
From left: Arden Hearing, Spencer B. Kallick, Mark Nicoletti, Adam Candler and David W. Kidder Construction giant Lendlease has hired Arden Hearing as executive general manager for West Coast development. Hearing will oversee development in California, including in L.A. and the Bay Area. Lendlease is partnering with Google in a $15 billion deal to develop […]
Barney’s files for Chapter 11, real estate investor and murder suspect apprehended: Daily digest
Every day, The Real Deal rounds up Los Angeles’ biggest real estate news. We update this page at 9 a.m., 12 p.m., and 4 p.m. PT. Please send any tips or deals to tips@therealdeal.com This page was last updated at 9 a.m. PT Zuckerberg-tied investment firm Iconiq Capital scoops up rentals nationwide. The San […]
The office landlord’s big gamble: WeWork is sole tenant in at least 5 NYC office buildings
From left: Rudin Management CEO Bill Rudin, SL Green CEO Marc Holliday, WeWork CEO Adam Neumann, and Zar Properties’ Dario Zar (Credit: Getty Images, SL Green, and iStock) Office landlords in New York City — known to play it safe and fill their buildings with multiple tenants to mitigate risk — are breaking the rules […]
Faring advances plan for 271K sf cancer center where it had eyed boutique hotel
Jason Illouian and the property (Credit: Faring Capital and Google Maps) Local developer Faring is advancing a plan to build a cancer center on the border of West Hollywood and Beverly Grove, where the firm once envisioned a boutique hotel. Faring is seeking to streamline the permitting process for the 271,000-square-foot medical office and research […]