Non-disclosure agreements, disclosed

Illustration by Lexi Pilgrim for The Real Deal Last May, the chairman of New York REIT, a company that became notorious for having its dirty laundry aired in public, stressed the clandestine nature of a potential entity-level selloff of its $3 billion portfolio. The process “generated over 80 executed nondisclosure agreements,” company chair Randolph Read […]

Colony NorthStar is Rising’s partner on $465M One California Plaza deal: sources

Colony NorthStar is Rising’s partner on $465M One California Plaza deal: sources Partners also making a move on CIM-owned Two Cal Plaza May 25, 2017 05:00PMBy Hannah Miet One and Two Cal Plaza, Nelson Rising and Tom Barrack (Pinterest, Getty) Tom Barrack’s Colony NorthStar is the equity partner behind Rising Realty Partners’ purchase of One […]

Kimpton Hotel project at YWCA building squashed by Pasadena officials

Kimpton Hotel project at YWCA building squashed by Pasadena officials Council is now discussing new uses for historic site May 24, 2017 06:00PM YWCA building (Google Maps) Pasadena’s City Council initially voted in April to hold off on the 181-key Kimpton Hotel development after developer KHP Capital Partners, the Kimpton-affiliated equity firm funding the construction, […]

Leung pushes to move Sea Breeze project ahead despite DA investigation

Leung pushes to move Sea Breeze project ahead despite DA investigation Developer of 352-unit condo allegedly funneled $600K in contributions to local pols May 24, 2017 05:30PMBy Cathaleen Chen Mayor Eric Garcetti, Council member Joe Buscaino and a rendering of the Sea Breeze project at 1309 Sepulveda Boulevard (Credit: City Planning, LA Mayor, LA 15th District) […]

Will DTLA’s housing development lead to a glut of empty units?

Downtown L.A., Carol Schatz (Getty Images/DCBID) Construction sites litter almost every district of Downtown Los Angeles, as Oceanwide Plaza’s towers rise in South Park and Suncal plans its $2 billion 6AM development in the Arts District, which would contain 1,305 condos. If all proposed and under construction projects are completed, 29,383 new units will hit the market, […]