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Written by The Real Deal

This week in celeb real estate: Trump leaves Beverly Hills, Dr. Dre buys in Pacific Palisades… and more

From left: Jason Segel, Donald Trump, Shaun White White, and Dr. Dre (Credit: Getty Images) Actors, media moguls and even — indirectly — the president of the United States all made deals in Los Angeles this week. While Donald Trump’s L.A. portfolio is shrinking, Dr. Dre’s continues to grow. The Trump Organization parted with one of its last remaining properties Read More...

Written by The Real Deal

Starwood Capital spends big to acquire Sydney office complex

Starwood Capital Group’s Barry Sternlicht and an aerial view of Sydney (Credit: iStock) Barry Sternlicht’s Starwood Capital has purchased an office complex in northern Sydney for $303 million, in partnership with Australian firm Arrow Capital Partners. The complex was purchased from global asset manager BlackRock and Australia’s Centuria Property Funds, IPE Real Assets reported. The companies acquired the complex in Read More...

Written by The Real Deal

NAR’s venture capital arm is now a blockchain investor

Propy CEO Natalia Karayaneva (Credit: iStock) The National Association of Realtors is betting on the . NAR’s venture capital arm said it was investing in Propy, a San Francisco-based real estate transaction platform startup, according to Inman. The announcement is a substantial, considering NAR is the nation’s most powerful real estate trade organization, with 1.3 million members. Propy tracks deeds, Read More...

Written by The Real Deal

A growing problem: Cannabis retailers want LA’s unlicensed pot shops shuttered

Southern California Coalition Executive Director Adam Spiker and City Hall The legal cannabis industry is asking Los Angeles officials to crack down on illegal retailers in the city. The cannabis industry group, Southern California Coalition, sent a letter to the city, urging officials to raid illegal shops selling “tainted” products and confiscate products and cash, according to the Los Angeles Read More...