Lonzo Ball and the warehouse (Credit: Getty Images) Lonzo Ball, the recently-traded Los Angeles Lakers point guard, just sold his warehouse in South L.A. as he prepares his move to New Orleans. Family Always Matters, an LLC tied to Ball’s Big Baller Brand clothing company, sold the 14,636-square-foot distribution center for $4.3 million, according to […]
Amazon’s got cash to burn, and real estate is its tinder
Amazon CEO Jeff Bezos (Credit: Getty Images) Amazon’s officially on a spending spree. After a big week of movement in the world of real estate that included shopping for 1 million square feet of warehouse space in Brooklyn, scoping out the We Company’s historic Lord & Taylor building for office workers , and launching a […]
Real estate’s on the menu for Fabio Conti, as restaurateur buys 2 retail centers
Fabio Conti and the retail centers (Credit: Facebook) Restaurateur Fabio Conti is getting into the real estate game. Through two LLCs, Conti sold his Italian restaurant in Hollywood then purchased a pair of retail shopping centers in Inland Empire for $35.6 million. The Riverside County sites total more than 157,800 square feet of space. Conti […]
Cooling Chinese real estate investment throws up road block to Vista Tower condo sales
Magellan Development Group’s Executive Vice President Sean Linnane and Vista Tower Magellan Development is blaming an unexpected drop in Chinese investment in American real estate for draining some momentum from condo sales at Vista Tower. More than a year before the 93-story tower is scheduled to open, just under half of its 393 condos are […]
In London, WeWork already reaping rewards of planned Brexit: TRD’s global property digest
From left: London, Shanghai and Paris Every week, The Real Deal rounds up the biggest real estate news from around the globe. United Kingdom Taxpayers covered the €62 million payment needed in London to induce WeWork to lease 280,000 square feet of office space vacated by a UK government agency in a Brexit-driven relocation. […]
Oklahoma executive mulls sale of Security Pacific Bank building for $60M
Owner Jeff Records and the Security Pacific Bank building The owner of one of the most historic buildings on Hollywood Boulevard has put the property up for sale, nearly a decade after attempts at converting the building to a boutique hotel fell through. Jeffrey Records, CEO of Oklahoma-based MidFirst Bank, has put the former Security […]