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Month: June 2020

iBreakup: Keller Williams, Offerpad part ways on home-buying partnership

Keller Williams CEO Gary Keller and Offerpad CEO Brian Blair Keller Williams and Offerpad have scrapped their exclusive instant home-buying partnership after less than a year. The Austin-based brokerage said Wednesday that it plans to ...

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  • 24 Jun
  • The Real Deal
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Vornado looks to sell towers co-owned with Trump

Donald Trump and Vornado’s Steve Roth with 555 California Street in San Francisco (left) and 1290 Sixth Avenue in New York (right) Vornado Realty Trust is considering selling a pair of office buildings it owns alongside President ...

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  • 23 Jun
  • The Real Deal
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VTS launches office listings marketplace

VTS CEO Nick Romito In a post-Covid world, VTS is betting on remote leasing. The New York startup launched its much-hyped VTS Market on Tuesday as an online marketing platform where owners and brokers can see office listings, take ...

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  • 23 Jun
  • The Real Deal
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Presidential election may turn spotlight back to Opportunity Zones

November’s presidential election may turn the spotlight back on the Opportunity Zone program, which has faded from view after the initial rush to invest capital into properties and projects ahead of a key deadline late last year. And ...

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  • 23 Jun
  • The Real Deal
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Politicians want Feds to rescue CMBS market

Fed Chairman Jerome Powell and Treasury Secretary Steve Mnuchin (Getty) As hotels and retailers struggle to pay their mortgages in the age of coronavirus, political consensus is emerging around the need for the federal government to ...

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  • 23 Jun
  • The Real Deal
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Durst murder case set for next month after mistrial denied

Robert Durst (Credit: Jae C. Hong-PoolGetty Images) A Los Angeles judge denied Robert Durst’s request for a mistrial in his murder case, setting up a jury trial to resume July 27th. In a live streamed hearing on Tuesday, Judge Mark ...

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  • 23 Jun
  • The Real Deal
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Onni Group defaults on $400M Wilshire Courtyard loan after WeWork lease amendment

Onni Group President Rossano DeCotiis, WeWork CEO Sandeep Mathrani, and Wilshire Courtyard Two months before WeWork scrapped plans for its initial public offering, Onni Group secured the co-working giant as a high-profile first tenant ...

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  • 23 Jun
  • The Real Deal
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“Change is happening”: Inside real estate tech’s race to diversify their boards

After WeWork’s botched IPO, real estate startups have learned to add women to their boards. (Illustration by Paul Dilakian) As president of Ten-X Commercial from January 2019 to April 2020, Maureen Waters participated in an important ...

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  • 23 Jun
  • The Real Deal
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Simon-Macerich mall project in Carson sparks latest legal claim

Carson Mayor Albert Robles and a rendering of the proposed project (Credit: The city of Carson) UPDATED, June 22, 6:17 p.m.: A steel contractor is suing the city of Carson, and mall landlords Simon Property Group and Macerich over more ...

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  • 22 Jun
  • The Real Deal
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Soho House bags $100 million in new funding, retains $2B valuation

Soho House’s Ron Burkle and Soho House in Malibu (Getty, Soho House) As lockdown restrictions begin easing in the U.S., the Malibu beachfront property owned by Soho House, a private members club for the jet-set, has reportedly begun to ...

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  • 22 Jun
  • The Real Deal
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