Macerich posts $27M loss; CEO touts physical retail
Mall landlord Macerich posted a $26.7 million net income loss in the second quarter as the Santa Monica-based firm...
coronavirus real estate
The Latest
TRD analysis: LA County home sales are down, but prices are up
Los Angeles County home sales dropped dramatically after the coronavirus hit, but home prices actually went up. That’s what...
A boomtown for a bygone era: Koreatown developers face a reckoning
When protests in Los Angeles following George Floyd’s death at the hands of Minneapolis police officers turned to vandalism,...
Trump administration sued for lack of PPP disclosures
A California advocacy group sued the Trump administration over not getting data it asked for concerning the massive Paycheck...
Reclose the economy: Newsom shuts down malls, restaurant dine-in
California Gov. Gavin Newsom is reclosing part of the state’s economy as reported coronavirus cases surge. The governor announced...
Hundreds of California landlords down with PPP
Two California residential landlords got between $5 million and $10 million in loans under the Paycheck Protection Program, the...
Hearst mansion owner’s bankrupt LLC got a $150K federal bailout
The owner of the old William Randolph Hearst estate is trying to sell the mansion in order to escape...
Oh, Canada! Tenant accuses Onni Group of trying to pilfer PPP funds
Onni Group not only defaulted on a $408 million loan for its purchase of Wilshire Courtyard, it faces a...
National
EasyKnock raises $20M as buyers look to tap home equity
EasyKnock, a startup that buys homes and rents them back to sellers, has raised $20 million to scale up...
Landlords sue California over eviction ban
Two landlords have filed a lawsuit against the California Judicial Council, the state court’s rulemaking body, hoping to end the state’s eviction suspension amid the coronavirus pandemic. “The rule creates the perverse incentive for...
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