Kari Hamanaka

Los Angeles

Los Angeles Reporter at The Real Deal (Los Angeles)

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Articles

North Bay real estate investor in alleged Ponzi scheme out on bail

6 days ago | therealdeal.com | Kari Hamanaka

North Bay developer Kenneth Mattson’s arrest by FBI agents and release on $4 million bail after facing the aggrieved investors who claim he defrauded them out of millions in an alleged Ponzi scheme dominated the Bay Area’s real estate news this week.
Ernie Carswell, Stephen Kotler latest to step away from Douglas Elliman

1 week ago | therealdeal.com | Kari Hamanaka

The sense of security wrapped up in bonds or Treasuries is not unlike what many agents crave in their workplace — particularly when industry headlines of late have never been so diverse in highlighting headwinds. That sentiment was underscored in an interview with Ernie Carswell, who quietly moved his license from Douglas Elliman to Sotheby’s International Realty this week. Carswell avoided the benign boilerplate language of a press release in a conversation discussing his move with The Real Deal.
Ernie Carswell: Decision to leave Elliman for Sotheby’s “not made in a vacuum”

1 week ago | therealdeal.com | Kari Hamanaka

Beverly Hills-based luxury agent Ernie Carswell and his 15-person team have left Douglas Elliman in the latest blow to the brokerage’s headcount. Carswell moved his license from Elliman to Sotheby’s International Realty’s Beverly Hills office on Thursday, according to Department of Real Estate records.
Elliman’s former Western region CEO exits after 34 years as team splits

1 week ago | therealdeal.com | Kari Hamanaka

Douglas Elliman’s former Western region CEO, Stephen Kotler, has departed the brokerage after 34 years. His son Max, who is a broker, announced on Instagram he was joining the Corcoran Group’s New York office in what he dubbed the Kotler Team’s “next chapter.”Meanwhile, Stephen’s presence has been scrubbed from Elliman’s website. A spokesperson for Corcoran confirmed the longtime executive is not joining the brokerage, but said the firm is “happy to welcome” Max to its Park Avenue South office.
Trousdale manse by “king of the tennis court estates” tops LA contracts with $39M ask

1 week ago | therealdeal.com | Kari Hamanaka

A Trousdale Estates home with a $38.8 million asking price and design by a prominent Southern California architect caught a buyer’s eye. The property, located at 1120 Wallace Ridge in Beverly Hills, went into contract last week. It marked the seven-day period’s largest signed contract, based on asking price, according to a report produced by Douglas Elliman’s Eklund Gomes team. The two-level home has five bedrooms and seven bathrooms across 7,000 square feet.
Growth markets see retail boom even with tariff uncertainty

2 weeks ago | therealdeal.com | Kari Hamanaka

Retail’s working with a mixed bag. Nowhere was that clearer than this past week when the industry descended in Las Vegas for the International Council of Shopping Centers’ annual confab. ICSC estimated more than 20,000 attendees were expected for the Vegas trade show and conference, according to a magazine distributed during the event. Bob Drury, who runs Crexi’s auction platform, can see in real time what deals are taking place and gauge industry sentiment.
Construction doesn’t scare off buyer of $32M Bel-Air manse

2 weeks ago | therealdeal.com | Kari Hamanaka

Unfinished construction didn’t deter a buyer from going into contract on a $31.5 million Bel-Air estate that’s expected to be valued for millions more once work is completed. The property at 1341 Linda Flora Drive marked last week’s top home in Los Angeles County to go into contract based on asking price, according to the Eklund Weekly Luxury Report Los Angeles.
Retail smiles through headache of macro uncertainties

2 weeks ago | therealdeal.com | Kari Hamanaka

“Parties tell you the story,” said NewMark Merrill Companies founder and CEO Sandy Sigal as he held court at his event Monday night on the Las Vegas Strip. “Forget all the statistics and everything else. People are out to have fun and loosen up because it was a stressful year last year, and this year is stressful.” Sigal shook a steady stream of hands as he greeted guests at NewMark Merrill’s “Light Up the Night” party.
Construction, gridlock don’t stop retail players from getting to ICSC Las Vegas

2 weeks ago | therealdeal.com | Kari Hamanaka

“There’s a lot of traffic,” a Las Vegas cab driver muttered as his foot tap danced on the brake Monday morning. About half an hour after the exhibition floor opened for the International Council of Shopping Centers’ annual ICSC Las Vegas confab at the Las Vegas Convention Center gridlock choked the streets surrounding the facility as hotel shuttle buses, cabs and rideshare drivers dropped attendees off by the loads.
Celebrity restaurants at hotels drive up average room rates, revenue

2 weeks ago | therealdeal.com | Kari Hamanaka

Landlords just can’t quit food and beverage tenants as upscale restaurants become the new anchor of luxury hotels. That’s according to findings from JLL’s research team, which were presented Monday morning from the exhibitor floor at the Las Vegas Convention Center for the International Council of Shopping Center’s annual ICSC Las Vegas trade show and conference.