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Month: December 2019

An escalation in the 7-year-old Bacal/Davis commission dispute

Ryan Davis and Ben Bacal with Stanley Mosk Courthouse (Credit: Facebook, Compass, Wikipedia) Ryan Davis has already been awarded $400,000 in his seven-year-old dispute with former partner Ben Bacal, but the agent wants much more from ...

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  • 30 Dec
  • The Real Deal
  • Uncategorized
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New York Mets owner offering his real estate expertise to other sports franchises

Jeff Wilpon and Citi Field (Credit: Getty Images and iStock) They’re not exactly experts at assembling a competitive and competent baseball franchise, but the Wilpons know real estate. And as they prepare to sell a majority stake in ...

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  • 29 Dec
  • The Real Deal
  • Uncategorized
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As protests rage on, Hong Kong’s elite scope out $20M houses abroad

Protesters in Hong Kong (Credit: Getty Images) Hong Kong residents and investors are buying property in neighboring Asian states, Australia, and North America to get away from the financial hub’s prolonged unrest and uncertain ...

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  • 29 Dec
  • The Real Deal
  • Uncategorized
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The latest threat to US landlords? Cities are arming tenants with lawyers

New York State’s Attorney General Letitia James joins a press conference to support rent controlled tenants who have been threatened with eviction (Credit: Getty Images) Half a dozen U.S. cities plan to provide tenants free legal ...

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  • 28 Dec
  • The Real Deal
  • Uncategorized
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American buyers are scooping up luxury homes in Paris

(Credit: iStock) International appetite for large, modern spreads in Paris is growing. The prices are, too. Americans make up a big chunk of buyers and they’re buying bigger than they have before, according to the Wall Street Journal. ...

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  • 28 Dec
  • The Real Deal
  • Uncategorized
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Bidding war set for 1,300 acres of prime real estate in South Philadelphia

Philip Rinaldi, a former chief executive of Philadelphia Energy Solutions A bidding war is set for a former refinery in South Philadelphia, despite worrying environmental challenges at the 1,300-acre property. At least 15 parties have ...

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  • 28 Dec
  • The Real Deal
  • Uncategorized
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Redcar pays $74M for Culver City office complex, eyes expansion

10301-10335 West Jefferson Boulevard and Jim Jacobsen Chairman, CEO at Redcar LTD (Credit: 42 Doors and LinkedIn) Redcar Properties, a Chinatown-based real estate investor that buys underperforming properties, added a four-acre office ...

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  • 27 Dec
  • The Real Deal
  • Uncategorized
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Bloomberg pitches real estate execs at NYC campaign HQ

Rudin Management Company’s Bill Rudin, Blackstone’s Jonathan Gray and Mike Bloomberg (Credit: Getty Images) At a breakfast meeting in New York City on Dec. 19, Michael Bloomberg made his pitch. An assortment of real estate power ...

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  • 27 Dec
  • The Real Deal
  • Uncategorized
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Unsettling news for landlords: Online retailers killed it this holiday season

Holiday spending was up this year — especially online (Credit: iStock) Americans spent more money than ever this holiday season — but shoppers are increasingly doing so online. Overall retail spending jumped 3.4 percent over the ...

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  • 27 Dec
  • The Real Deal
  • Uncategorized
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Future City newsletter: Struggles at SoftBank’s $10B hospitality startup, the death of CrediFi & more

Oyo CEO Ritesh Agarwal (Credit: Getty Images) Proptech is a $20 billion industry that’s already reshaping and upending traditional real estate as we know it. And this is just the beginning. Each Thursday, The Real Deal’s Future City ...

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  • 27 Dec
  • The Real Deal
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