Rexford Industrial Realty co-CEOs Howard Schwimmer and Michael S. Frankel A film and television props supplier is moving from its longtime Hollywood home to a Rexford Industrial-owned warehouse in Downtown Los Angeles. Omega Cinema Props Inc. signed a 245,000-square-foot lease just south of the Arts District, a 10-year deal valued at $27 million, according to […]
Life House hotel startup gets $100M commitment for US expansion
Rami Zeidan Hotel startup Life House has secured a $100 million equity commitment to expand across the U.S. as it targets seasonal markets. Life House CEO Rami Zeidan said the infusion will be used to buy up to $300 million of hotel properties in seasonal, upscale markets, like Nantucket, Massachusetts; Stowe, Vermont; Lake Tahoe; Jackson […]
Realogy stock now cheaper than a matcha latte
Realogy CEO Ryan Schneider (Credit: Jhila Farzaneh and iStock/ Illustration by Kevin Rebong for The Real Deal) You can now buy shares of Realogy stock for roughly the same price as a latte. The real estate holding company’s turbulent stock ride continued this week after it filed an explosive lawsuit accusing rival Compass of illicit […]
EB-5 investor claims his money was redirected from Hilton to housing project
Long Beach Garden Home Project and EB-5 Attorney named in suit Daqin Zhang (Credit: CIRC) The popularity of EB-5 “cash-for-visa” program may have long since diminished, but lawsuits relating to the federal initiative just keep on coming. In the most recent allegation of fraud, one Chinese investor is claiming his $500,000 investment for a Hilton […]
Airbnb competitor Sonder says after new funding round it’s now worth $1B
Sonder CEO Francis Davidson and 20 Broad Street A hotel-room-style listing startup just obtained unicorn status. Sonder, a San Francisco-based startup with a platform that leases apartments and transforms them into furnished short-term rentals, closed on a $210 million funding at a $1 billion valuation, the company said Thursday. Sonder’s big funding round signals confidence […]
Why Amazon HQ2 is already rattling the local housing market
Amazon will open a second headquarters in Northern Virginia (Credit: Getty Images) They don’t call it the Amazon effect for nothing. The online retail giant has been causing some consternation in Northern Virginia, even though it has yet to start work on its corporate campus there. The company announced in November it would open its HQ2 […]