Rajeev Misra and Marcelo Claure (Credit: Getty Images and iStock) It’s not easy to share the crown. Strained personal relations between Marcelo Claure, SoftBank’s chief operating officer, and Rajeev Misra, who handles SoftBank’s $100 billion Vision Fund, are impacting business, according to Bloomberg. Claure became COO in May, and was tasked with fostering collaboration between SoftBank’s […]
Self-storage development secures $30M construction loan
Developers earned a $29.6-million construction loan for the self-storage project in Chinatown. (Credit: Talonvest) World Class Capital Group has secured a $29.6-million loan to build a 188,600-square-foot self-storage facility in Downtown Los Angeles. The firm plans to build the three-story facility at 960 and 1000 Main Street. It will include 2,036 units on the 2.4-acre […]
Amazon may pull out of LIC campus amid opposition: report
Amazon is considering backing out of a deal for a new campus in Long Island City (Credit: Getty Images and iStock) Amazon is considering pulling out of a deal for a new campus in Long Island City, which is set to bring 25,000 jobs to New York and put the area’s real estate market into […]
Law firm tripling its lease space at ARCO Tower in DTLA
Chris Musgjerd of Savills Studley and the ARCO Tower in Downtown Los Angeles (Credit: Google Maps) The law firm Tyson & Mendes is tripling its square footage at the ARCO Tower, adding to a string of new leasing deals in Downtown Los Angeles. The law firm signed an expansion lease for more than 32,600 square […]
Local developer proposes 4-story office building in West Adams
Rendering of the project set at 5760 West Adams Boulevard. (Credit: Redcar) Redcar Properties has applied for permits to build a four-story retail and creative office building in West Adams. If approved, the Los Angeles-based development firm would add 50,000-60,000 square feet of space at 5760–5780 West Adams Boulevard. Architects at Rios Clementi Hale are […]
Could a political corruption scandal derail Related’s megaproject in Chicago?
Alderman Danny Solis and Alex Acevedo with The 78 (Credit: Facebook) A candidate vying to replace Alderman Danny Solis said the city should tap the brakes on Related Midwest’s $7 billion megaproject following an ongoing federal corruption probe. Alex Acevedo called for the city inspector general to look into any role Solis may have had […]