(Credit: iStock) Earlier this year, a San Francisco coder set out to create an outdoor co-working space that charged $2.25 an hour. The catch? It was comprised of a table and chair, set up on an empty parking lot. While the cost of co-working has yet to reach the levels of WePark, as the operation […]
“The British Harvey Weinstein”: Retail mogul Philip Green confronts sexual misconduct allegations
Arcadia Group CEO Philip Green (Credit: Getty Images, Pixabay, Wikipedia, Walterlan Papetti) Mounting allegations of sexual harassment, bullying and abuse are threatening to topple British retail mogul Sir Philip Green, as the female entrepreneurs and celebrities who once powered his Topshop clothing brand turn away. Green, the billionaire chairman of Topshop parent company Arcadia Group, […]
The TRD weekly global 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 The falling pound, which hit its lowest level in two years, could make property in the U.K. more attractive to foreign buyers. The currency has shed about 2 percent of its […]
Webcor sues Greenland for millions in alleged unpaid fees at Metropolis megaproject
Greenland USA’s Hu Gang and Webcor CEO Jes Pedersen Webcor Construction has sued Greenland USA over millions of dollars in alleged unpaid work at Greenland’s massive Metropolis condominium and hotel project in Downtown Los Angeles. San Francisco-based Webcor says Greenland — the American arm of China-based Greenland Group — is in breach of contract for […]
Auction for Cesar Pelli-designed FAA building nears end
Cesar Pelli and the Hawthorne Federal Building An auction for the Federal Aviation Administration’s longtime West Coast headquarters near Los Angeles International Airport is nearing an end following dozens of bids for the property. As of 5 p.m., bidding for 1500 Aviation Boulevard has reached $37 million from the $8 million starting bid when the […]
Shovel-ready in DTLA: Multifamily developer seeks $20M for construction site
Rendering of 1400 South Flower Street (Credit: DLANC) When a developer envisioned a multifamily building in Downtown Los Angeles three years ago, incentives like density bonuses and tax credits were not commonplace. But times have changed. Now, the shovel-ready site is on the market for $19.5 million, and is looking to benefit from a growing […]