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Month: June 2020

TRD Insights: Pandemic has sent over $20B in CMBS debt into special servicing

CMBS loan transfers to special servicers ballooned to $20 billion from March through May (iStock) The number of CMBS loans transferred to special servicers has ballooned during the coronavirus crisis, and has totaled $21 billion in the ...

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  • 22 Jun
  • The Real Deal
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For LA’s malls, lawsuits could be the next crisis

Alicia Silverstone from the film ‘Clueless’, 1995, and a rendering of the Beverly Center (Credit: Paramount Pictures/Getty Images, and Beverly Center via Los Angeles Times) In Jacksonville Beach, Florida, 16 employees and patrons of an ...

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  • 22 Jun
  • The Real Deal
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Beverly Hills tallies 3 priciest residential sales of week in LA

Two of the priciest home sales last week (Credit: Google Maps) Three of the five priciest residential properties to sell in Los Angeles County last week were in Beverly Hills, including a $17 million home that took the top spot. ...

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  • 22 Jun
  • The Real Deal
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Coachella condo project at center of $20M alleged EB-5 fraud

Federal authorities charged developer Serena Shi in an alleged $20 million EB-5 scam Federal authorities have charged a Los Angeles County woman with stealing $20 million from EB-5 investors who thought they were putting their money ...

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  • 22 Jun
  • The Real Deal
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Developers, investors hustle for bulk condo deals in NYC

New York City developers and investors are seeing an uptick in bulk condo deals, thanks to an already soft market and coronavirus-related distress. (iStock) Danny Fishman cannot keep up with the demand. Danny Fishman, Gaia Real Estate ...

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  • 22 Jun
  • The Real Deal
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Disney yet again sues Orange County appraiser over Florida tax assessments

Rich Singh (Wikipedia Commons, iStock) It’s that time of year again. Disney is suing Orange County Property Appraiser Rich Singh. The company filed 12 lawsuits this week against Singh, claiming the county’s tax assessment of its ...

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  • 21 Jun
  • The Real Deal
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Under Armour founder sells historic D.C. home at a discount

Under Armour CEO Kevin Plank and his Washington, D.C. home (Getty, Courtesy: Homevisit) Under Armour founder Kevin Plank sold his Washington D.C. home after two years on the market and at discount. Plank put the home on the market in ...

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  • 21 Jun
  • The Real Deal
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Syrian dictator’s uncle sentenced to prison, and $101M in European real estate is seized

Rifaat al-Assad (Wikipedia Commons) It could be the end of the road for Rifaat al-Assad, the exiled uncle of Syrian President Bashar al-Assad. The 82-year-old was convicted in France for illegally amassing a real estate portfolio worth ...

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  • 20 Jun
  • The Real Deal
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Netflix founder has spent over $20M on secretive 2,100-acre Colorado ranch plans

Netflix founder Reed Hastings (iStock, Getty) Netflix founder Reed Hastings is busy building out a 2,100-acre Colorado ranch in the Rocky Mountains. What for? Not for a vacation. Hastings has proposed and is building out an education ...

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  • 20 Jun
  • The Real Deal
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Robot butlers, UV pods: Hotels go high-tech

Hoteliers are deploying tons of new tech, such as Yotel’s Robot Butler to meet government regulations and ease guests’ fears. (Yotel Pad Miami) Hotels across the world are turning to high-tech gadgets to meet customer expectations of ...

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  • 20 Jun
  • The Real Deal
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