Every day, The Real Deal rounds up Los Angeles’ biggest real estate news. We update this page at 9 a.m. and 4 p.m. ET. Please send any tips or deals to tips@therealdeal.com This page was last updated at 9 a.m. Reseda pushes back on L.A.’s homeless shelter plan. The neighborhood council opposes building shelters […]
WeWork landlord, spooked by scrutiny over IPO filing, sues to get out of lease
WeWork CEO Adam Neumann and 21-33 Irving Place (Credit: Getty Images and Google Maps) A landlord is suing to get out of a lease agreement with WeWork amid fears the co-working company can’t support its lease. The office space giant, whose parent the We Company is expected to go public next month, currently occupies multiple […]
Will the American Dream mall survive? We dove in to assess the odds
(Illustration by Brian Stauffer) Life, liberty and the pursuit of shopping. So goes the American Dream — the mall-slash-amusement park in New Jersey’s Meadowlands that has weathered three developers, two designs and one calamitous recession. Indeed, the first phase of the $5 billion, 3 million-square-foot complex is finally poised to open in late October with […]
Mortgage REITs were doing great — until the yield curve inverted
(Credit: iStock) Real estate pros and economic pundits spent the better part of last week trying to decipher the greater implications of the treasury yield inversion, an economic indicator that has historically preceded a recession. But earlier this year a different set of benchmark rates inverted, and it’s already had a significant impact on one […]
Witkoff Group snags construction loan for Santa Monica luxury development
Witkoff Group’s Steve Witkoff and a rendering of the project at 500 Broadway The Witkoff Group landed a mezzanine construction loan for its 249-unit luxury apartment project in Downtown Santa Monica. The New York-based firm, led by founder Steve Witkoff, is building the mixed-use complex — which includes more than 50,000 square feet of retail […]
Laemmie Theatres may shutter all 9 locations amid streaming squeeze, ex-NFL running back and USC star Reggie Bush lists Pacific Palisades pad: Daily digest
Every day, The Real Deal rounds up Los Angeles’ biggest real estate news. We update this page at 9 a.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 Ahrya Fine Arts at 8556 Wilshire Boulevard (Credit: Laemmie Theatres) Arthouse movie chain […]