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Month: April 2019

New York mayor wants to ban “classic glass-and-steel skyscrapers

Mayor Bill de Blasio speaks about the city’s strategy to respond to climate change (Credit: Getty Images) Developers of shimmering glass-and-steel towers in New York have had a downright frightful day. As the city targets the ...

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  • 23 Apr
  • The Real Deal
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Here are the latest under 50-unit resi projects proposed in LA

539 Hobart Boulevard and 627 N Dillon Street (Credit: Redfin and Google Maps) Projects filed under the city’s Transit Oriented Communities umbrella continued to dominate the list of the latest small multifamily projects in the ...

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  • 22 Apr
  • The Real Deal
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Billionaire Michael Dell is buying the 1,000-plus room Boca Raton Resort

Jonathan Gray, Michael Dell and Boca Raton Resort Billionaire Michael Dell’s MSD Partners is under contract to purchase the waterfront 1,047-room Boca Raton Resort & Club from the Blackstone Group. The deal is expected to close at ...

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  • 22 Apr
  • The Real Deal
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WeWork shuffles C-suite executives amid international push

From left: Adam Neumann, Eugen Miropolski and Jen Berrent (Credit: Getty Images and Twitter) The co-working giant formerly known as WeWork is reorganizing its C-suite as it tries to build its international presence. The We Company ...

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  • 22 Apr
  • The Real Deal
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Rexford Industrial keeps up SoCal buying spree in 2019

Rexford paid $84.5 million for four industrial assets in the LA area (Credit: Google Maps) Rexford Industrial Properties continues to swallow up Southern California warehouse space. Four new acquisitions totals 456,000 square feet for ...

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  • 22 Apr
  • The Real Deal
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Housing bill could reshape tech hubs like Silicon Beach, Silicon Valley

The provisions in SB 50 could drastically change the makeup of coastal cities like Manhattan Beach, Hermosa Beach and Redondo Beach As California grapples with a housing crisis, a bill in the Legislature could drastically alter tech ...

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  • 22 Apr
  • The Real Deal
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This billionaire developer listed his Beverly Hills mansion for $25M

Yan Bin and the mansion on Carla Ridge in Beverly Hills’ Trousdale Estates (Credit: Compass) Billionaire developer Chanchai Ruayrungruan, who leads the Reignwood Group, has put his Beverly Hills estate on the market. The Chinese-Thai ...

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  • 22 Apr
  • The Real Deal
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Trump administration toughens up rules for no-money-down home mortgages

FHA Commissioner Brian Montgomery (Credit: Pixabay and Wikipedia) The Trump administration is toughening up rules on national affordable housing programs due to concerns over risk to the roughly $1.3 trillion portfolio the government ...

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  • 22 Apr
  • The Real Deal
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Don Wilson’s plan to sell stakes in South Carolina property via digital token offering falls apart

Don Wilson (Credit: LinkedIn, iStock) A Chicago trader’s plan to use digital tokens to sell equity in a South Carolina student housing complex has fallen apart. Don Wilson’s Convexity Properties planned to set up a REIT to sell ...

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  • 21 Apr
  • The Real Deal
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Spanish real estate new focus in major European money laundering scheme

Hermitage Capital’s Bill Browder, Russia’s President Vladimir Putin (Credit: Getty) Spanish real estate has become the focus of the probe into the money laundering case linked to the death of Russian attorney Sergei Magnitsky. A ...

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  • 21 Apr
  • The Real Deal
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