Tipton John, partner at AllenMatkins and Jerry Nickelsburg, director and senior economist of UCLA Anderson Forecast Commercial real estate experts and investors in California are preparing for a rebound but don’t expect it to come right away. After polling a panel in the development and investment markets, law firm Allen Matkins and UCLA released a […]
Historic Hollywood building in Opportunity Zone becomes latest repositioning target
Hillview Hollywood, Jesse Lasky , Samuel Goldwyn , Adolfo Suaya (Credit: Wikipedia and Getty Images) It’s a story that includes movie moguls, a gruesome murder and, now, Opportunity Zones. A historic apartment building known as Hillview Hollywood has hit the market, potentially paving the way for the fully leased, 53-unit property on Hollywood Boulevard to […]
“Negative surprises”: Vornado execs talk retail struggles on Q2 earnings call
Vornado chairman and CEO Steven Roth, and 608 Fifth Avenue (Credit: Getty Images) As the retail apocalypse claims another victim, Vornado Realty Trust may be looking to offload one of its retail properties — or convert another one to offices. Fast-fashion brand Topshop closed all U.S. stores in June, and Vornado was the landlord at […]
Charted: How real estate stocks have performed so far this year
(Credit: iStock) On Wednesday, the Fed announced it would lower interest rates for the first time since 2008. The announcement, which experts predict could make real-estate deals more profitable, followed a strong year to date for stocks in the sector. By mid June, a quarter of the 32 real-estate companies on the S&P 500 were […]
Jimmy Stewart’s Brentwood bachelor pad trades high, LA explores mandatory affordable requirements for developers: 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. Jimmy Stewart’s former Brentwood home (Credit: Sotheby’s International Realty) Jimmy Stewart’s […]
Rising Realty’s Park Calabasas campus scores new tenant in 50k sf
Rising’s Park Calabasas campus, Republic Indemnity President Allen Goodwin and Rising Realty CEO Chris Rising (Credit: Jeff Newton) Rising Realty’s newest tenant at its sprawling Park Calabasas office campus is worker’s compensation servicer Republic Indemnity. The Great American Insurance Group affiliate signed a 50,000-square-foot lease at the 20-acre complex at 4500 Park Granada in Calabasas, […]