President Donald Trump and China’s President Xi Jinping at a press conference in Beijing in 2017 The multibillion-dollar trade war between the United States and China hit a boiling point this summer, with the real estate industry caught in the crosshairs. In June — more than a year after firing his first salvo and levying […]
Too many brokers and too few listings to go around in Santa Barbara
A Montecito estate boasting polo grounds and a helicopter hangar was recently relisted for $65 million. Those looking for their second (or third or fourth) homes in Santa Barbara County are making a beeline for the beach, but these days, it’s not necessarily for the aesthetic reasons one might assume. For some, the search for […]
Trouble in the land of OZK: Why NYC’s most important construction lender may be on shaky ground
Bank OZK CEO and Chair George Gleason (Illustration by Chris Koehler) As Bank of the Ozarks’ private jet lifted off from Little Rock, Arkansas, Dan Thomas geared up for another day of dealmaking. As vice chair of the bank, he oversaw one of the country’s largest construction lending operations and had become a financial messiah […]
These are real estate’s most powerful lobbyists in City Hall
(Illustration by Brian Stauffer) Working behind the scenes of almost every development project — both large and small — in the city of Los Angeles, there is one constant: the lobbyist. Call them the hired guns developers need to guide them through L.A.’s archaic zoning code, to act as go-betweens with community groups and bend […]
How resi brokerage head Tami Halton Pardee gets her employees to give her one-word updates
Tami Halton Pardee (Photo by Jeff Newton) UPDATED: 2:42 p.m., July 22. Tami Halton Pardee may be known as the “Queen of Venice,” but she just as easily fits into the neighborhood’s ‘70s bohemian ethos as the multimillion-dollar homes it’s known for today. The founder and CEO of Halton Pardee + Partners has lived in […]
LA brokers review the proptech products they’re actual using
If there was any doubt that investor enthusiasm for proptech is stronger than ever, let this statistic put it to rest: In the first half of 2019 alone, investment in proptech hit $12.9 billion — eclipsing the previous record of $12.7 billion invested for the entirety of 2017, according to CRETech. With the cash infusion […]