L.A. Races to Build the First Network of Flying Taxi Vertiports

The post L.A. Races to Build the First Network of Flying Taxi Vertiports appeared first on Propmodo.

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Warehouse Market Finds Its Balance as Construction Cools and Demand Rebounds

The U.S. warehouse market is showing early signs of balance after several years of volatility between supply and demand. The national industrial vacancy rate held at 7.1% in the third quarter, matching the previous quarter and marking the first time ...

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America’s Wealthiest Developer Publicly Cuts Off His Son Amid Fraud Scandal

The post America’s Wealthiest Developer Publicly Cuts Off His Son Amid Fraud Scandal appeared first on Propmodo.

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Midtown Manhattan’s Reinvention Turns Empty Offices Into a New Residential Core

The post Midtown Manhattan’s Reinvention Turns Empty Offices Into a New Residential Core appeared first on Propmodo.

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WeWork Brand Under More Stress as India IPO Struggles to Gain Traction

The post WeWork Brand Under More Stress as India IPO Struggles to Gain Traction appeared first on Propmodo.

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Balbes flips Montecito estate for $32M 

A mansion in Montecito, a go-to coastal escape for A-list celebrities and even Prince Harry and Meghan Markle, just sold for nearly triple its sale price just three years ago.  The sale of the estate at 465 Hot Springs Road, dubbed Monte Arroyo,...

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Historic Holmby Hall retail center near UCLA fetches nearly $33M

A well-known shopping center across from UCLA in Los Angeles’ Westwood Village has sold in a nearly $33 million transaction.  Holmby Hall, the first retail building in Westwood Village, was sold by the Barry Beitler family to an undisclosed bu...

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Contentious Venice affordable housing project scores state funding

An affordable housing proposal in Venice is advancing with funding from the State of California, after a lawsuit accused city officials of stalling progress. The Venice Dell Community, a joint project between Hollywood Community Housing and Venice Co...

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Mamo scores $56M refi on Long Beach Marketplace  

The Long Beach Marketplace, an outdoor retail center with plans to add residential development has scored a $56 million refinance, its owner Mamo Company told The Real Deal.  LoanCore Capital Real Estate Investment Trust, a LoanCore Capital fund...

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Private equity looks for retail bargain with $145M for Long Beach center

Private equity will take a turn at merchandising with a deal for a shopping center in Long Beach. Costa Mesa-based real estate investor CenterCal Properties and private equity firm DRA Advisors spent $145 million to acquire the Long Beach Towne Cente...

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Pustilnikov in on bargain as trio lands PacMutual building for $50M

The jewel-box PacMutual property nestled near the Millennium Biltmore Hotel in the heart of downtown Los Angeles has sold for a bargain price, fetching just more than $100 per square foot, property records reveal. The three interconnected office buil...

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