Joel Russell

6 days ago | yahoo.com | Joel Russell

The Lincoln headquarters of the Nebraska Chamber of Commerce and Industry is a short walk from the Nebraska Capitol. (Cindy Gonzalez/Nebraska Examiner)Tariff-related cost increases in building materials and lumber market instability this year have been causing great uncertainty in the construction and home improvement markets. As the head of Millard Lumber, that’s terrifying. Not just because it raises the cost of operating our family-owned business.

2 weeks ago | therealdeal.com | Joel Russell |Abigail Nehring

Community Preservation Partners has acquired the Witmer Manor workforce housing complex in Los Angeles for $48.4 million. The complex at 1501 Miramar Street in the Westlake neighborhood consists of 142 studios and 96 one-bedroom units, according to a press release from CPP. The company plans to invest about $64,000 per unit in upgrades, bringing its total expenditure on the project to $65 million.

Aug 5, 2024 | therealdeal.com | Emily Landes |Joel Russell

In the continued evolution of return-to-work policies, employers appear to have the upper hand, according to data from Avison Young’s new Office Busyness Index. That particularly applies to the Bay Area’s tech-heavy markets on the first day of the workweek. The San Francisco Peninsula and Silicon Valley markets logged 50 percent more in-office activity on Mondays this June than they did a year ago, according to Avison Young, a bigger increase than any other market in the country.

Jun 10, 2024 | therealdeal.com | Kevin Cifuentes |Joel Russell

Two Sonoma real estate developers have exchanged lawsuits on the same day, each accusing the other of financial misconduct. Kenneth Mattson and Timothy LeFever are joint owners of LeFever Mattson Property Management, which owns multiple properties in California, mostly in Sonoma County. The two men were friends in elementary school and served as best men in each other’s weddings, according to the San Francisco Chronicle.

May 21, 2024 | therealdeal.com | Kevin Cifuentes |Isabella Farr |Joel Russell

In 2021, Johnny Lu and Yaojan Liu were raising money from investors to build 452 apartments in Playa Vista, on the edge of the 405 freeway. The two men behind TA Partners already had some financing — a $13.5 million loan from local lender Partners Capital Solutions. But when TA Partners was raising money, one group of investors claimed they never knew about the debt, and that the loan never went towards the project at 6055 West Center Drive.