The Real Deal LA’ s summer issue is live!

New York Weekend Edition /
Jul.July 15, 2017 09:30 AM
 

As summer temperatures hit historic highs, The Real Deal takes a closer look at a real estate investor who’s taken some heat because of his close ties to President Donald Trump. Colony NorthStar chairman Tom Barrack turned down a role as an official adviser to his longtime friend. But the Californian’s long business history in the Middle East makes him a significant player in shaping Trump’s thinking on the region.

Also drawing heat: luxury housing prices in Malibu, which recently saw an $85 million house trade hands. TRD ranked the priciest sales in the coastal city over the last 12 months, and our look at the most expensive active listings indicates seller confidence in rising prices.

Brokers say those hopped-up home values can be largely attributed to new community amenities, like Soho House and Nobu Ryokan Malibu Hotel, which are owned by one of the town’s most powerful residents, Oracle’s billionaire co-founder Larry Ellison

The temperature’s also turning up on two residential brokerage businesses in L.A. County. TRD examines how relative newcomers Douglas Elliman and Compass are struggling to gain traction in La La Land — and why their approaches to the market could not be more different.

Commercial brokerages are also going elbow to elbow. As investment sales volume begins to slow, trophy towers continue to sell at historically low capitalization rates. While the firms have tried to beef up their capital markets teams to get in on the high-rise action, one brokerage still dominates the priciest sales in our ranking.

In the multifamily market, landlords who attempt to flip rent-controlled apartment complexes are having a tougher time as tenants rights activists educate renters and lobby for more legislative protections. Some developers say the laws are driving them to look outside L.A. to build.

Industrial landlords, meanwhile, are taking the retail apocalypse to the bank. As e-commerce grows, its warehousing and distribution needs have been a boon to L.A.’s industrial owners.

We are also proud to take you up close and personal with some of the biggest movers and shakers in L.A. real estate, including NIMBY-champion Robert Silverstein and Related California CEO Bill Witte.

Enjoy the issue in full here, and stay cool out there.


Related Articles

arrow_forward_ios
(Image by Wolfgang & Hite via Dezeen)

Hudson Yards megadevelopment inspires a new line of sex toys

Hudson Yards megadevelopment inspires a new line of sex toys
Cammeby's International Group founder Rubin Schron and, from top: 194-05 67th Avenue, 189-15 73rd Avenue and 64-05 186th Lane (Credit: Google Maps)

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio
Wendy Silverstein (Credit: Getty Images)

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out
HFZ looks to sell Shore Club South Beach hotel

HFZ looks to sell Shore Club South Beach hotel

HFZ looks to sell Shore Club South Beach hotel
A rendering of the Staten Island Wheel (Rendering via Perkins Eastman)

Developer of the failed New York Wheel sues its contractor … again

Developer of the failed New York Wheel sues its contractor … again
The home improvement retailer will stay in it's Flatiron location (Google Maps)

Home Depot extends lease for Flatiron store

Home Depot extends lease for Flatiron store
Arthur Miller and Marilyn Monroe with 64 Deep Lane (Getty, Realtor)

Windmill house once rented by Marilyn Monroe and Arthur Miller asks $12M

Windmill house once rented by Marilyn Monroe and Arthur Miller asks $12M
51 Hawkins Lane in Brookhaven (Photo via Google Maps)

Police break up 400-person party in Brookhaven

Police break up 400-person party in Brookhaven
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...