MARKET NEWS
“I won’t talk about unemployment benefits:” California agents choose between ego, handouts
The Real Deal Los Angeles
Alicia Dry Cohen made a calculated bet three years ago, leaping from digital advertising to selling homes. “It is a great career if you want to have flexibility, plus L.A. real estate is a lot sexier than digital advertising,” said Cohen, a real estate agent at Nourmand & Associates. Cohen started the year strong, netting sales in Brentwood and Pacific Palisades. But when Covid-19 and ensuing shutdown orders hit California, the deals dried up. On ... The post “I won’t talk abo ...
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In Los Angeles, you can show homes again
The Real Deal Los Angeles
L.A. real estate agents can get off their Zoom calls, and go back to showing properties. Mayor Eric Garcetti released a revised “Safer at Home” order Monday that states, “housing units and real property may be shown” by appointment if there are no more than two visitors at a time. Home showings of renter-occupied units are only allowed if the property owner obtains the tenant’s written consent. The revised city law does not lift the ... The post In Los Angeles, you can show home ...
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A $90 million patch of dirt: A look at Jeff Bezos’ other record LA deal this week
The Real Deal Los Angeles
Jeff Bezos’ $165 million purchase of David Geffen’s fabled Beverly Hills estate was a shot in the arm for the country’s ultra-luxury market and set a new high-water mark for Los Angeles real estate. But it also ended up making the Amazon chief’s other megadeal this week – $90 million for a patch of Beverly Hills land owned by the estate of the late Microsoft co-founder Paul Allen — something of an afterthought. The anticipated ... The post A $90 million patch of dirt: ...
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$400M mall brawl: Simon Property Group, Macerich sue city of Carson
The Real Deal Los Angeles
Plans for a $400 million, 566,000-square-foot outlet mall in the city of Carson have fallen apart, with project developers Simon Property Group and Macerich suing the city for negligence and breach of contract. A lawsuit filed April 30 by Cam-Carson limited liability company, a joint venture of Simon Property Group and Macerich, said the city of Carson broke its pledge to spend $27 million in order to clean up the site, a former toxic landfill. ... The post $400M mall brawl: Simon Propert ...
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Whose sale is it anyway? Keller Williams targets former top agent for advertising past deals
The Real Deal Los Angeles
Jesse Weinberg received an unusual email April 22 from a lawyer who represented Keller Williams, Weinberg’s brokerage until he left in February. “It is both improper and unethical for you to advertise any sales under Keller Williams Silicon Beach as sold by you,” attorney Steve Spile wrote in the letter. Weinberg had started Jesse Weinberg & Associates in February along with eight other agents previously at Keller Williams. But now he was being informed his ... The post Whose sa ...
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Leon Russell's former home and studio lists in Hollywood Hills
Hot Property
The onetime home and recording studio of late musician Leon Russell is for sale in the Hollywood Hills for $1.398 million.
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