Real Estate

As retailers’ Paycheck Protection Program funds are running out, Luis Martinez-Monfort, founding partner of law firm Gardner Brewer Martinez-Monfort, expects to see more of them telling their landlord that they’re unable to pay rent. “I feel like PPP has just been a band-aid over the wound, and it’s just going to rip off pretty soon,”

Hip-hop star Pharrell Williams has just unloaded his uber-contemporary glass-covered mansion in Beverly Hills, California, for an eight-figure sum. The property, which drew less-than-favorable comparisons to an office building when it first emerged on the market in March, sold Tuesday for $14 million, according to listing records. Despite the payday, Williams, 47, is taking a

A federal lawsuit from an ex-employee at the Miami and Atlanta offices of commercial real estate giant Jones Lang LaSalle Americas Inc. alleges she was fired for blowing the whistle about apparent widespread tax and securities laws violations. The lawsuit—filed Wednesday in the Northern District of Illinois—claims to unveil a widespread practice of creating “holdback accounts” that were

Halloween is my favorite holiday. (So basic, right?) Dressing up, the fun of playing a character for a night, the decorations, the crisp weather, being scared – there’s pretty much nothing I don’t love about October 31st, as well as the entire season leading up to it. As such, for years on my blog, I

The pandemic is shaking up commercial real estate unlike any economic cycle we have ever experienced before, and the final shakeout is far from over. While the debate rages on about the nature of future office work – the work-from-home vs. get-back-in-the office model – the other emerging trend, the combination of an urban exodus with

As a project manager for JLL Atlanta’s Adaptive Reuse Unit, a specialized team within the project and development services division, I never face the same challenge twice. For our team, each project is an opportunity to transform and bring life into an old space, which in turn helps each unique community grow and thrive. While

Basketball star LeBron James has picked up a piece of Hollywood history. James, 35, has purchased the Beverly Hills mansion once lived in by actress Katharine Hepburn. The $36.8 million home sits on 2.5 acres, and has one of the longest driveways in Los Angeles. Fitting for its Hollywood roots, the home also has a

AUSTIN, TX—COVID has brought about changes that are reshaping the landscape of US real estate. Specifically, a housing shift is occurring in some cities as some people are trading urban living for the suburbs or rural areas, says Jadon Newman, founder and CEO of Noble Capital Group LLC, a private lending and private equity firm.

There’s nothing like a butterfly roof to set my midcentury-loving heart aflutter! So, naturally, I have long been obsessed with the Hollywood Riviera, a striking MCM building that cuts a distinct silhouette across West Hollywood’s Center City neighborhood. I first discovered the oft-filmed structure back in 2013 while on the hunt for then-unidentified locations from

At this point, we all know too well that Covid-19 has dealt a strong blow to the economy.  For commercial real estate owners, this means many are faced with the prospect of default on mortgages secured by their properties. This article will explore two programs that could help real estate owners and borrowers as they

Global capital inflows into American apartments dropped precipitously in the first half of the year. As economic turbulence around the COVID crisis weighed on the market, global capital invested in American apartments fell 49.2% year-over-year to $3.1 billion in the first half of the year, according to CBRE.  A nearly 80% decline in foreign investment

Even as developers and landlords sweat out the pandemic, many new projects that were set in motion earlier are nearing completion or achieving construction milestones. The speculative boutique office tower known as 28 & 7 topped off last week at 322-326 Seventh Ave., with the opening set for late next year. The project by Sweden’s

To talk about the future, the new normal is so uncertain. That is according to Mary Ludgin, head of global investment research at Heitman. According to Ludgin, who recently spoke at the CREW Network Convention: A Virtual Experience. She told the virtual audience that on the capital markets front, transaction activity is down 68% year

Though he hasn’t starred in a film since 2016’s long-forgotten “Run the Tide,” Taylor Lautner has had an eventful summer. The “Twilight” star sold his ’90s modern compound in Chatsworth, Calif. for $4.2 million to NFL star Todd Gurley, and has quickly replaced it with a more clean-lined contemporary mansion in the Agoura Hills community, about

Net lease transaction volume surged over the summer after a slow Spring. But now that we’re past the July 15 date for 1031 Exchange investors to commit dollars, will net lease properties continue to come on the market as we enter Fall? It may depend on who the seller is.  “The private investors may be

Traditional retail formats are evolving to meet modern consumer demands. So said a session last week at the CREW Network Convention, a Virtual Event. In a breakout session, panelists talked about how to embrace omnichannel marketing, pros and cons of smaller and more targeted store formats, testing brand collaborations, pop-up stores and more.   According to

This could be a golden buy from the guy who starred in “GoldenEye.” Pierce Brosnan, the 67-year-old Ireland-born actor perhaps best known for his leading role in four James Bond movies, has listed his roughly 12,500-square-foot Malibu residence for a whopping $100 million, the Wall Street Journal reports. That nine-digit asking price makes this oceanfront

During the pandemic, news of large retailers filing for bankruptcy protection seems like it’s a weekly occurrence.  Some of these companies have a better chance to emerge from bankruptcy than others, according to Megan Murray, a founding shareholder of Underwood Murray. She has nearly twenty years of reorganization and workout experience. “From a financial perspective,

Following the finalization of their divorce, it appears Kacey Musgraves and her (almost) ex-husband Ruston Kelly are giving each other some space, cowboy! As often happens with divorce, the erstwhile couple are selling their house — in this case a folksy Victorian-style bungalow in the hip Nashville neighborhood of Inglewood, which is newly on the market

Jane Hinton, Commercial Real Estate Partner, Hunton Andrews Kurth, Los Angeles. Hinton is a partner in the firm’s real estate practice and focuses on all aspects of real estate transactions including advising lenders and borrowers on complex mortgage financings. Jane Hinton. Courtesy photo. What has been your biggest challenge or obstacle in your profession? Being

Slowly but surely, the movers and shakers are dribbling back from their Hamptons and Connecticut basements to their office desks. The question is how much longer it will take for the rank-and-file to follow. The latest two Wall Street companies returning high-level staffers to their Midtown digs are investment- banking advisory firm Evercore and P.

Following the second wave of COVID-19 infections in July, many universities revised re-opening plans an implemented online education through the fall. Online education, however, has not had a significant impact on student housing collections or leasing activity. Student housing owner and operator Pierce Education Properties reports 97% rent collections since the beginning of classes in

Despite COVID-19 woes, the appeal of L.A.’s posh Pacific Palisades neighborhood to the exceptionally well-heeled has not been dimmed. The area saw one of its biggest sales of the year close earlier this month, when a sumptuous estate in the Riviera enclave transferred for nearly $20 million in cash. Property records indicate the buyers are

eGuide Sponsored by Elevant 3 Simple Strategies to Solve COVID Challenges As a commercial building owner, you are facing unprecedented challenges in the wake of COVID. Most notably, increased operating expenses and reduced cash flow. This guide reveals 3 strategies to overcome COVID-related challenges while cutting costs and helping tenants return to your properties. Browse

Retailers have struggled to pay rent through the pandemic, and as a result, the retail market has been among the sectors with the lowest rent collections in the commercial real estate. In June, one-third of retail tenants had paid 75% of rent, but in July, that number doubled, with two-thirds of retailers paying only 65%

First comes love, then comes marriage, then comes baby in the baby carriage. But when it’s three babies, you’re gonna need a larger home. John Legend, 41, and Chrissy Teigen, 34, who are expecting their third child — a boy — have just bought a nearly 11,000-square-foot home in Beverly Hills for $17.5 million, the

Restaurant traffic and sales improved in August. While spending continues to trend behind pre-pandemic levels, the rate of both traffic and spending declines eased in August, according to data from The NPD Group. During the month of August, traffic declines eased to -10% and sales traffic declines eased to -9% year-over-year. The re-opening of restaurants

Summer 2020 has officially slipped away, but at least Armie Hammer is closing the season out with a residential bang. The Golden Globe-nominated actor (“Call Me By Your Name,” “The Man From U.N.C.L.E.,” “The Lone Ranger,” “The Social Network”) has punted his historic Los Angeles house onto the market, where it’s landed with a $5.8

Since March, more and more people are visiting their doctor remotely via video calls. Even before COVID-19, telehealth had grown dramatically, experiencing a 1202% increase in usage from 2012 to 2017, according to new research from Colliers International. But since 2020 these remote doctors’ visits have grown exponentially. The Advisory Board estimates that there will

As other segments of the economy have suffered in 2020, life sciences are emerging as a bright spot.  Private investors have put more than $16 billion to work in life sciences in the first half of 2020, while the National Institutes of Health continues to up its grant volume. In 1994, NIH gave out $11