From left: Steven Mnuchin and Steve Wynn (Credit: Wikipedia) Steve Wynn is a fan of Opportunity Zones, too, evidently. The disgraced casino mogul met with Treasury Department officials last June to discuss the federal tax incentive program for developers, just as the agency was writing new rules for the program, according to the Wall Street […]
In warehouse hotbed City of Industry, merchandise firm buys future HQ building
15240-15250 Nelson Avenue in Industry Merchandising company Max Sales Group acquired its future headquarters in the City of Industry, one of the hottest industrial areas in Los Angeles. The now Commerce-based firm paid Art Weiss Industrial Properties $11.5 million — around $180 per square foot — for the 64,000-square-foot property, according to the Los Angeles […]
Kennedy Wilson shops Marina Del Rey office-retail complex for $60M
Kennedy Wilson CEO William McMorrow and 13274 Fiji Way (Credit: LoopNet) Kennedy Wilson is shopping a nearly fully-leased office and retail complex in Marina Del Rey for $60 million, or $790 per square foot, The Real Deal confirmed. The 76,000-square-foot complex in the quiet seaside community just south of Venice dates to the 1960s. Real […]
Debate over Chicago megaproject shines light on developer’s lack of diversity in top ranks
Sterling Bay’s “People” webpage from last month versus the webpage now About 10 minutes into a three-hour City Council zoning committee hearing on Sterling Bay’s plan for Lincoln Yards, senior counsel Shelly Burke took to the microphone. What followed was not an overview of the $6 billion project, but an update on the firm’s efforts […]
Mobile lender Tala trades up for larger Santa Monica office; Knotel takes old digs
Tala founder and CEO Shivani Siroya is moving the company from 429 Santa Monica Boulevard to 1633 26th Street in Santa Monica The mobile financial technology company Tala is trading up for a larger office in Santa Monica. Tala inked a lease with for 30,600 square feet at Kilroy Realty Group’s 1633 26th Street. It […]
Former WeWork exec teams up with Chicago developer to launch amenity and property management platform
Alex Samoylovich (red) and Jacob Rynar (blue) with a Flats Chicago gym (Credit: Facebook and LinkedIn) In developing 8,000 apartment units over 15-plus years, Alex Samoylovich learned quite a bit about the demands of renters and the inefficiencies in multifamily property management. Now the founder of Cedar Street Companies and Flats Chicago is using that knowledge […]