SoFi CEO Anthony Noto and the Los Angeles Stadium and Entertainment District under construction in May 2019 (Credit: LASED, Getty Images) SoFi Stadium? SoFi Los Angeles Stadium? SoFi Hollywood Park? The future home of the Los Angeles Charger and Los Angeles Rams in Inglewood may be getting a new name. San Francisco-based lender SoFi is […]
Two years after Grenfell Tower fire, hundreds of buildings await safety upgrades
Grenfell Tower, one day after the fire in 2017 (Credit: TOLGA AKMEN/AFP/Getty Images) Two years after the Grenfell Tower fire killed 72 people in London, hundreds of English buildings remain vulnerable to the same type of tragedy, including some 16,000 private apartments. Inspectors in 2017 found 433 buildings that were built with the same kind […]
Fake sultan sentenced after allegedly defrauding Miami real estate billionaire and others
Anthony Gignac and Fontainebleau Miami Beach (Credit: Maimi-Dade police) Two years ago, Anthony Gignac was living the life of royalty. Going by the name “Khaled Al-Saud,” he had convinced investors that he was a Saudi Arabian prince and had access to the family’s vast trove of wealth. Now, Gignac faces more than 18 years in […]
Harbor Associates leases up then sells off its Thousand Oaks office park
Joon Choi, principal at Harbor Associates, and 2400 Conejo Spectrum Street (Credit: Google Maps) Just a few months after Harbor Associates secured fresh lease deals on its office park in Thousand Oaks, the investment firm has sold the property for nearly twice what it paid. Long Beach-based Harbor Associates and its partner, Blue Vista Capital, […]
Blackstone sells $1B stake in single-family rental business amid high pricing
Blackstone Group CEO Stephen Schwarzman Blackstone Group has sold off another chunk of its shares in its suburban home rental company Invitation Homes, unloading the stock when shares are on the upswing. The private equity firm behemoth sold $1 billion worth of shares in the Dallas-based company, lowering its total holdings in the company to […]
Land under historic Beverly Hills office building sells for $25M
9300 Wilshire Boulevard The owners of a ground-leased office building on Wilshire Boulevard have bought the land, consolidating their hold on a historic property in Beverly Hills, The Real Deal has learned. An entity with ties to two prominent Los Angeles investors—Ely Dromy and Leo Pustilnikov—paid $25.2 million for the ground under the Wilshire-Rexford Building […]