Rockpoint makes another LA acquisition — this time in Pasadena

Rockpoint makes another LA acquisition — this time in Pasadena Private equity firm buys AT&T Building for $162M By Hannah Miet | September 19, 2017 03:15PM Aric Shalev and 177 East Colorado Boulevard (Credit: YardiMatrix, Rockpoint Group) Hot on the heels of acquiring a Miracle Mile office trophy from Blackstone Group, Rockpoint Group closed on […]

California’s new housing bills are about to become law — but not everyone in real estate is happy about it

California’s new housing bills are about to become law — but not everyone in real estate is happy about it BOMA-GLA called SB-2 tax “regressive” By Gregory Cornfield | September 18, 2017 05:30PM (Getty Images, Remax) California’s Senate approved Senate Bill 2 on Friday in the eleventh hour of the legislative session. If Gov. Jerry […]

Cushman’s new head of retail has a lot to learn. And he doesn’t have much time

David Gorelick David Gorelick’s office at Cushman & Wakefield’s headquarters on Sixth Avenue remains pretty stark two months after he took the job as head of the brokerage’s retail division in July. Aside from a few family photos and mementos of earlier deals, there’s a reminder of his first job in retail: a poster of […]

Comedian Norm Crosby sells longtime home in Hollywood Hills

Comedian Norm Crosby sells longtime home in Hollywood Hills The home is described as a “celebrity-owned time capsule” in the listing September 18, 2017 03:04PM Comedian Norm Crosby in Hollywood Hills (Credit: Wikimedia Commons, Getty) The “Master of Malaprop” is moving on from his Hollywood Hills pad. Entertainer and comedian Norm Crosby sold his single-story […]

California leavin’: CalPERS cutting RE investment by 50%

California leavin’: CalPERS cutting RE investment by 50% “It’s much tighter and a more competitive situation.” September 15, 2017 06:23PM Paul Mouchakkaa The country’s largest pension system is cutting its real estate investments in another warning sign for the New York commercial property market. The California Public Employees’ Retirement System plans to invest $3.95 billion […]

In need of more than just seed money

[unable to retrieve full-text content]It could be a while before New York real estate truly goes green. Last month, the state approved licenses for five medical cannabis providers — doubling the number of such companies operating in New York — and announced the drug would soon be available in pills, lozenges and ointments. Medical marijuana […]

TRD forum: The state of LA’s luxury market, according to top brokers who live and breathe it

TRD forum: The state of LA’s luxury market, according to top brokers who live and breathe it TRD panel explored the spec home craze, the state of brokerage and more By Natalie Hoberman | September 14, 2017 05:00PM From left: Hiten Samtani, Jade Mills, Aaron Kirman, Kofi Nartey, Mauricio Umansky, Ben Bacal and Michael Nourmand […]