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Trade Group Drops NAIOP Acronym for Plainspoken Industry Label

NAIOP rebrands as the Commercial Real Estate Development Association after multiyear research process involving 21,000 members across North America. The post Trade Group Drops NAIOP Acronym for Plainspoken Industry Label appeared first on Propmodo.

FTC Takes Zillow and Redfin Rental Partnership to August Trial

Federal judge sends FTC case against Zillow and Redfin rental partnership to trial, rejecting preliminary injunction over $100 million exclusive listing agreement. The post FTC Takes Zillow and Redfin Rental Partnership to August Trial appeared first...

Column Failure at Pfizer Conversion Exposes Execution Risk in Adaptive Reuse

Structural columns buckled at Manhattan's former Pfizer headquarters conversion, exposing execution risks in the city's largest office-to-residential project. The post Column Failure at Pfizer Conversion Exposes Execution Risk in Adaptive Reuse appea...

Auto Brand Launches Agent Lead Platform With Performance-Based Vetting

Kelley Blue Book enters residential real estate with a subscription-based agent lead platform that vets professionals on performance metrics rather than commission splits. The post Auto Brand Launches Agent Lead Platform With Performance-Based Vettin...

Warehouse Giant Indurent Eyes Public Markets as UK Logistics M&A Heats Up

Blackstone-owned Indurent begins investor meetings for a potential £6 billion London listing or sale as UK warehouse M&A accelerates. The post Warehouse Giant Indurent Eyes Public Markets as UK Logistics M&A Heats Up appeared first on Prop...

Illinois Court Blocks Zillow Discovery but Extends MLS Data Feed Protection

Federal judge denies Zillow's request for MRED-Compass communications but extends temporary restraining order protecting portal's listing feed access in ongoing antitrust case. The post Illinois Court Blocks Zillow Discovery but Extends MLS Data Feed...

Proposed Oceanwide buyer challenges city’s concerns on financing, development plan

KPC and partner Lendlease have responded to the City of Los Angeles’ concerns over their proposed $470 million purchase of Oceanwide Plaza — claiming they need the certainty of a bankruptcy court’s approval to satisfy concerns on financing and ...

Orange commercial landlords face fines on vacant storefronts

Orange is turning up the heat on owners of vacant properties, advancing an ordinance that would require them to maintain and secure empty buildings or face thousands of dollars in fines. On Tuesday, the Orange City Council voted almost unanimously to...

Hoag Hospital wins battle for Ziggurat in $207M deal

Hoag Memorial Hospital Presbyterian acquired Orange County’s iconic Ziggurat property, capping off a yearslong pursuit that positions the nonprofit health system to reshape one of the county’s largest redevelopment sites. Hoag, acting through the...

Lenders move on Hackman’s Television City, debt pegged at $357M

Lenders made a move on Michael Hackman’s Television City. The Deutsche Bank-led lender syndicate filed a notice of default and election to sell under deed of trust on the Los Angeles studio. The late-June notice claims Hackman Capital Partner...

Manhattan Beach home along The Strand tops LA County luxury contracts with $25M ask

A Manhattan Beach home located at 1204 The Strand asking $24.5 million was the priciest residential house to go into contract last week in Los Angeles County. The roughly 5,400-square-foot home topped all other contracts — based on a report compile...

Palms poised for more affordable housing with latest 115-unit proposal

A low-slung commercial building on the Culver City border is poised to be replaced by a mixed-use affordable housing complex. A DCM Rentals affiliate filed an application with the Los Angeles Department of City Planning to erect a seven-story b...