When a German property developer tried to hold a meet-and-greet barbecue for neighbors of its new 68-unit condominium in August, protesters flooded the site, waving signs and dumping piles of garbage before police clad in bulletproof vests halted further unrest. The demonstrators were protesting soaring apartment rents and the increasing gentrification of the leafy working-class neighborhood of the area.
An Israeli immigrant who built a vast real-estate empire after moving to the U.S. in 1976 has sold a 24-property portfolio in 12 states to a venture of Northstar Commercial Partners and Real Estate funds for $224 million. Moshe Silagi, 69 years old, said he is greatly reducing his property holdings as part of his plan to "be debt free and enjoy life."
A childhood home of actress Angelina Jolie Pitt is listing for $2.049 million, according to real-estate agent Richard Ellis of Ellis Sotheby's International Realty.
Hotelier Sam Nazarian has agreed to sell his minority stake in the SLS Las Vegas hotel and for his company to give up management of the money-losing property on the Las Vegas Strip. Stockbridge Capital Partners, the San Francisco-based real-estate investor that owns 90% of the hotel, has agreed to buy the remaining 10% owned by Mr. Nazarian and his family, according to people familiar with the matter.