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- This developer is going all in on LA affordable housing
From left: Director of Realty Ryan Limb and Newport Partners founder Monique Hastings with the property (Credit: Google Maps) The new owner of a Koreatown property is shifting course on a proposed project it inherited. Irvine-based Newport Partners filed plans to build a 100-percent affordable housing project at 923 S. Kenmore
- Flat-fee brokerage launches home listings platform in Florida with plans to expand nationwide
CEO of Redefy, Chris Rediger After the financial crisis, Chris Rediger started buying distressed homes and flipping them for a profit. But his margins were hampered by brokerage fees, so Rediger learned to code, then built software that allowed him to streamline the process through an online platform, reducing his
- Rent Reese Witherspoon’s beach house from ‘Big Little Lies’
The NorCal show used this LA-area beach house as a filming location HBO’s Big Little Lies just kicked off its second season, and some lucky fan could rent the contemporary beach house that Reese Witherspoon’s character Madeline Mackenzie calls home. The residence is one of the show’s many big little
- Homebuilders’ outlook posts unexpected drop for first time this year
Confidence among the country’s homebuilders took an unexpected dip in June amid concerns over rising costs and trade issues. The National Association of Home Builders/Wells Fargo Housing Market Index fell two points to 64 for the first drop in 2019, according to Bloomberg. A score above 50 shows that more
- Parkland student Kyle Kashuv says Harvard revoked his admission
Parkland student and pro-gun activist Kyle Kashuv says he won’t be joining Harvard’s graduating class of 2023 after all. Racist remarks the high school senior made nearly two years ago prompted the prestigious university to withdraw its offer, Kashuv announced Tuesday on Twitter. Harvard’s decision…
- Judge rules to uphold transportation surtax, makes some changes
The voter-approved transportation sales tax has been upheld however, the judge has altered some of the language. The 13th Judicial Circuit Court Judge Rex Barbas made his ruling on June 17 on the lawsuit that alleges that the voter-approved sales tax expected to raise $15.8 billion over 30 years is in conflict with Florida
- Oh, the horror: Vincent Price’s former Holmby Hills manse hits market
Actor Vincent Price and the mansion Vincent Price starred in countless Hollywood horror movies, but it’s unclear whether the list price on his former Holmby Hills mansion will send potential buyers running. The Spanish-style mansion hit the market for $21 million, according to the Los Angeles Times. The current owner
- This NYC drug cop has amassed a $400M real estate portfolio
Red Hook (Credit: Stevin Pisano via Flickr) Former New York City detective Greg O’Connell bought his first building in Red Hook back in 1967 for $22,000, when the Brooklyn neighborhood was practically a ghost town. Now, his properties are worth at least $400 million, according to a report by Bloomberg.
- These are some of the most notable resi sales in NYC this week
New York City’s residential real estate world last week saw the sale of a Trump Tower condominium owned by the widow of Tamir Sapir and the penthouse at 172 Madison Avenue hit the market asking a whopping $98 million. These are some other attention-grabbing deals made public last week. Source:
- Wells Fargo Refreshes Debt on Pittsburgh’s Nova Place With $140M Loan
Faros Properties has nabbed $140 million in CMBS debt from Wells Fargo to refinance the bank’s previous construction financing on an office complex called Nova Place in Pittsburgh’s North Shore area, according to ratings agency documents. The 10-year, interest-only loan carries a rate of 4.19 percent and refinances previous debt
- Florida EB-5 Firm Snags $125M Refi on New Mixed-Use Tower
Apollo Global Management, a New York City-based private equity firm and real estate lender, has furnished a new mixed-use tower in Florida with a $125 million bridge refinancing, Commercial Observer can exclusively report. The deal knocks out prior construction debt for Hollywood Circle, a residential, lodging and retail tower in
- Bravo Ristorante near Port Everglades closes after 28 years
Business slipped, costs rose and his lease was set to expire later this year. Bravo Ristorante owner Russ Dickson says he knew his longtime Italian eatery on Fort Lauderdale’s 17th Street Causeway needed freshening, but he didn’t know if reinvestment would be worth it. So Dickson came to a painful…
- Column: You got this! Amy and the US Open champion
From her perch in front of a TV in Florida, Amy Bockerstette had no doubt. How could she, after she and Gary Woodland had come this far together. “You got this Gary,” she kept repeating as Woodland made his way around Pebble Beach on his way to the U.S. Open
- Here’s what $580K buys around LA
See what that price buys in five Los Angeles neighborhoods, from Lake Balboa to Marina del Rey Welcome to Curbed Comparisons, where we explore what you can rent or buy for a certain dollar amount in various LA ’hoods. We’ve found five homes and condos within $10,000 of today’s price:
- Air Force major drowns in pool aboard Caribbean Princess
An Air Force major drowned in a Caribbean Princess cruise ship pool Friday morning, the Broward Medical Examiner’s Office said. Stephen Osakue, 37, worked for the Air Force as a research pharmacist, according to a statement by the Medical Examiner’s Office on Monday. Osakue was based at Columbus…
- Enlightenment Capital to launch SBA-backed fund
Months after capping its third investment fund and securing ownership in IT contractor Trowbridge & Trowbridge, Enlightenment Capital will soon see new investment backing for its newest fund from none other than the Small Business Administration. Enlightenment executives said Monday that the Chevy Chase investment firm was selected to participate
- This NYC drug cop has amassed a $400M real estate portfolio
Red Hook (Credit: Stevin Pisano via Flickr) Former New York City detective Greg O’Connell bought his first building in Red Hook back in 1967 for $22,000, when the Brooklyn neighborhood was practically a ghost town. Now, his properties are worth at least $400 million, according to a report by Bloomberg.
- Nation’s first affordable housing development for LGBT seniors to open in Bay Shore, West Islip home with helipad hits the market & more Long Island real estate news
Affordable housing for LGBT seniors heading to Bay Shore With many in the real estate community coming together to celebrate Pride Month in June, excavators draped in rainbow flags recently broke ground on a $30 million affordable housing development in Bay Shore, Newsday reported. The project will have 75 units
- OKO Group’s Brickell office tower and other projects seek Miami approval
Vlad Doronin and a rendering of 888 Brickell Plaza A new batch of project proposals will go before the city of Miami’s Urban Development Review Board this week, including plans for a mixed-use rental tower in the city’s Arts and Entertainment District. 888 Brickell Plaza | Developer: OKO Group An
- Meet Briana Smith: Miss Hooters International contestant and future mortician
Hooters waitress and model Briana Smith understands better than most the instinctive obsession with the human body, the careful study of its topography, the peaks and valleys of firm muscle sheathed in smooth, supple skin. She’s just not creepy about it. OK, maybe a little creepy. Smith, who works…
- Line hotel employees rally as Mendelson plans tax abatement reprieve
As the Line D.C. hotel’s $46 million tax abatement appeared to receive a one-year reprieve Monday, some of hotel’s employees rallied to lobby the D.C. Council to preserve the incentive for fear the hotel will cut jobs if the financial incentive doesn’t go through. While hotel officials have avoided coming
- New business-backed initiative seeks investors to revive Florida’s film industry
Since the credits rolled on state incentives for filming in Florida, the economic impact from big-ticket productions that left the Sunshine State, such as “Ballers” and “Bloodline,” have yet to be replaced. A new initiative aims to change that. Feature Florida Partnerships is seeking dollars from private-sector investors who can
- Federal Hill’s Ropewalk Tavern is getting a bowling alley
Federal Hill’s Ropewalk Tavern is adding duckpin bowling to the menu as part of a round of renovations aimed at bringing in more local customers. The bar and restaurant will temporarily shut down this summer to add a second-floor bowling alley and other games, as well as revamp its menu.
- Anonymous buyer shells out $39M for 220 Central Park South condo
A second anonymous buyer snapped up a pad at Vornado Realty Trust’s 220 Central Park South in recent months, as the limestone tower nears completion. The residential condominium, named Villa 6 by the developer, was purchased for $39 million, according to property records filed this month. The buyer is an
- In Koreatown, residential project proposals keep piling up
Simon Kerendian’s Koreatown development site There is no shortage of residential development in Koreatown, but developer Simon Kerendian wants to add to the list. Kerendian filed plans for an 82-unit Transit-Oriented Communities project at the corner of South Alexandria Avenue and West 4th Street., records show. The six-story project would
