Microsoft co-founder Paul Allen’s private Hollywood club is not very expensive

Microsoft co-founder Paul Allen’s private Hollywood club is not very expensive h.club could be following the strategy of Soho House, which bets on food and drink revenue over membership fees June 16, 2017 04:30PMBy Katherine Clarke and Hannah Miet Paul Allen (Getty) and a rendering of the tea room at the h.club in Hollwood (via […]

National Cheat Sheet: $9.4 billion in commercial loans defaulted in May, industrial market rents surge … & more

Clockwise from left: Boston’s Millennium Tower, L.A. apartment construction and an Aldi grocery store. From TRD New York: Decade-old commercial loans aren’t getting paid Risks that banks and borrowers took in the salad days of 2007 are coming back to haunt them. About $9.4 billion dollars in roughly 790 loans that were due for maturity in […]

Inglewood accused of backroom dealing over LA Clippers new arena

Inglewood accused of backroom dealing overLA Clippers new arena City officials approved a negotiation agreement with basketball team on Thursday June 15, 2017 05:00PM Steve Ballmer (Getty Images) Inglewood’s City Council approved a negotiation agreement with the Los Angeles Clippers on Thursday to explore building an NBA arena. Immediately following the announcement of the decision, […]

The Long View: Cadre and the dilemma of the secondary market

The Long View: Cadre and the dilemma of the secondary market Kushner’s startup wants to build a parallel real estate stock market. Will it work? June 15, 2017 03:30PMBy Konrad Putzier Jared Kushner and Cadre’s Ryan Williams (Getty Images/Michael McWeeney) From TRD New York: Most Americans know Cadre as Jared Kushner’s startup, the investment he […]

Sellers are offering tiered commission structures to make brokers “hungrier”

Sellers are offering tiered commission structures to make brokers “hungrier” One LA seller said he got the idea from reality TV shows on home listing June 14, 2017 03:30PM Sellers of the some of the country’s most expensive homes are increasingly negotiating broker commission structures to include incentives that push agents to sell for higher […]

Blackstone to list Santa Monica Business Park with Eastdil: sources

Blackstone to list Santa Monica Business Park withEastdil: sources Snapchat’s parent company recently signed a massive lease at the property June 13, 2017 06:00PMBy Subrina Hudson and Hannah Miet Santa Monica Business Park, Jonathan Gray (SMBP/Blackstone Group) Blackstone Group plans to list Santa Monica Business Park, a whopping 1 million-square-foot office campus, later this year […]

Eric Trump Foundation probe casts shadow over HUD

Eric Trump Foundation probe casts shadow over HUD Carson adviser Lynne Patton had key role at charity June 13, 2017 04:30PMBy Konrad Putzier Lynne Patton (top right), Eric Trump and other members of the Eric Trump Foundation (Credit: Defending the USA) From TRD New York: The New York State Attorney General’s investigation into possible misuse of funds at […]

Movers & Shakers: JLL recruits SVP, Nourmand & Associates hires new agent

Movers & Shakers: JLL recruits SVP, Nourmand & Associates hires new agent Meanwhile, Allen Matkins elects three new partners June 13, 2017 03:45PMBy Cathaleen Chen From left: Eitan Constine and James McArthur UPDATED, Tuesday, June 13, 5:05 p.m.: JLL’s Capital Markets team poached a new senior vice president from Freddie Mac Multifamily, the brokerage announced. […]