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Month: February 2020

Coronavirus spread to Middle East hits UAE’s biggest developer

The Burj Khalifa with Emaar Properties chairman Mohamed Ali Alabbar (Credit: LConstantino via Wikipedia) The real estate industry is starting to feel the impact from the growing coronavirus threat, and Dubai’s biggest developer is no ...

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  • 29 Feb
  • The Real Deal
  • Uncategorized
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Kanye West is the real estate king of Cody, Wyoming

Kanye West and his family seem to be fitting in with the small town community of Cody, Wyoming (Credit: Wikimedia Commons, Photo by Timothy Norris/Getty Images for Coachella) Kanye West and his family have spent a lot of the last year ...

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  • 29 Feb
  • The Real Deal
  • Uncategorized
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The gender wealth gap extends to real estate: Yale study

Single women lose out on returns compared to men (Credit: iStock) The wealth gap between men and women appears to extend beyond wages – it’s in the real estate space. Single women who buy real estate see 1.5 percent lower annual ...

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  • 29 Feb
  • The Real Deal
  • Uncategorized
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Rockpoint closes on $303M deal for Miracle Mile office tower

Rockpoint Group co-founders Keith Gelb and Bill Walton with 5900 Wilshire Blvd Rockpoint Group has closed on its purchase of a Miracle Mile office tower. The Boston-based investor paid $303.4 million to buy the 30-story 5900 Wilshire, ...

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  • 28 Feb
  • The Real Deal
  • Uncategorized
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LA home prices up 8.5% YOY amid plummeting inventory

LA home prices up 8.5% YOY amid plummeting inventory Ever search for the perfect home and get the sinking feeling that there’s nothing out there? Well, in Los Angeles, the numbers would back you up. Just over 14,200 homes were listed ...

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  • 28 Feb
  • The Real Deal
  • Uncategorized
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Blackstone is latest real estate giant to back Dealpath

Dealpath’s Mike Sroka and Blackstone’s John Fitzpatrick (Credit: Dealpath, Blackstone) In the latest proptech bet by a major real estate player, private equity giant Blackstone has made a strategic investment in acquisitions manager ...

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  • 28 Feb
  • The Real Deal
  • Uncategorized
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Inside the failed crypto auction of a WeWork-leased Miami tower

Photo illustration of Pat O’Meara in front of the Security Building, with former WeWork CEO Adam Neumann (Credit: Google Maps, Getty Images, iStock) UPDATED, Feb. 28, 2020, 11:43 a.m.: Pat O’Meara found success structuring deals for ...

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  • 28 Feb
  • The Real Deal
  • Uncategorized
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L.A. businessperson Charles Cohen bought Makowsky’s “Billionaire” house

Charles Cohen and the mansion (Credit: Berlyn Photography via Dirt.com) The mystery of who bought Bruce Makowsky’s “Billionaire” spec mansion for $94 million — a question complicated by the typical use of limited liability companies ...

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  • 28 Feb
  • The Real Deal
  • Uncategorized
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Coronavirus fears slam real estate stocks amid market sell-off

Real estate stocks tumbled as coronavirus fears sent markets into a tailspin. (Credit: iStock) UPDATED, Friday, Feb. 28, 2020, 6:15 p.m.: As coronavirus fears shook markets and led to the steepest stock drop in over a decade this week, ...

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  • 28 Feb
  • The Real Deal
  • Uncategorized
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Jared Kushner divests stake in Cadre

Jared Kushner (Photo by Samuel Corum/Getty Images) Jared Kushner has divested his stake in Cadre, in a bid to end unrelenting scrutiny of his potential conflicts of interest with real estate investment startup. Kushner, the son-in-law ...

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  • 28 Feb
  • The Real Deal
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