The Real Deal LA’s summer issue is live!

Inside: behind the scenes at The Agency, a sit-down with Fifth Wall’s Brendan Wallace and a look at City Hall’s most powerful real estate lobbyists.
By Heidi Patalano | July 18, 2019 01:00PM

Heidi Patalano

Our summer issue is live! Check out all of the stories, available to subscribers here. 

Here’s a look at few of the highlights:

Known for its super slick marketing campaigns, uber-luxury listings and reality TV-famous co-founder (Mauricio Umansky — whose wife, Kyle Richards, stars on Bravo’s “The Real Housewives of Beverly Hills”), The Agency has a polarizing presence on the resi playing field. Former agents make claims of stolen clients and listings, and industry rivals allege the firm uses inflated sales numbers. Haters gonna hate, right? But as The Agency contends with a weighty lawsuit, agent defections and rumors of a brokerage sale, our associate editor Natalie Hoberman investigates the current state of affairs at the rapidly expanding firm.

And while the City Council enjoys its summer recess, other fixtures in City Hall aren’t taking off for any R&R. The real estate industry’s lobbyists are hard at work building industry-friendly support for policies (and begging for zoning changes). Staff reporter Dennis Lynch takes us behind the scenes to see who’s got their hands on the levers of power.

Other highlights in this issue include our look at the biggest commercial sales within the city’s Opportunity Zones (page 22) and our sit-down with Fifth Wall co-founder Brendan Wallace. The Venice-based venture capital firm’s new $503 million tech fund has heavy hitters like CBRE, Macerich and Hudson Pacific Properties signing on as partners. Not too shabby.

Enjoy the issue!