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Month: July 2020

Ghislaine Maxwell was hiding out in a rural New Hampshire estate when she was arrested

Ghislaine Maxwell and her New Hampshire estate (Getty, Greg Bruce Hubbard) The search for Jeffrey Epstein confidant Ghislaine Maxwell took federal agents to a rural estate in central New Hampshire. Federal agents found Maxwell at a ...

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  • 11 Jul
  • The Real Deal
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Spain’s richest man owns $17B in real estate

Amancio Ortega (Getty) Amancio Ortega, the richest man in Spain, owns more than $17.2 billion in real estate across the world. The founder of fast fashion label Zara brought in 621 million euros through his real estate assets last ...

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  • 11 Jul
  • The Real Deal
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Former Apple and Tesla employees launch mass production development company

Juno CEO Jonathan Scherr and a rendering of the project Juno Residential Inc. the latest Silicon Valley startup set on re-ordering the real estate development world. The firm plans to use mass production and prefabrication techniques ...

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  • 11 Jul
  • The Real Deal
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Despite essential status, CA construction firms scored billions in PPP loans

Builders throughout the state get millions in loans even as work continued amid covid As other businesses shut down due to the coronavirus pandemic, California construction companies kept building. But that didn’t stop 2,784 such ...

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  • 10 Jul
  • The Real Deal
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Crossbow-wielding manager sexually harassed WeWork staffer, latest discrimination suit claims

(iStock) A new federal lawsuit accuses WeWork of bungling its response to a complaint that a mid-level manager regularly wielded weapons at the office, bragged of ties to the mafia, and had a reputation for making unwanted advances on ...

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  • 10 Jul
  • The Real Deal
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Bidders line up to buy Brooks Brothers out of bankruptcy

346 Madison Aveue (Google Maps, iStock) Two suitors are competing to take over suiting stalwart Brooks Brothers after it filed for Chapter 11 bankruptcy this week. An entity tied to Authentic Brands Group and mall owner Simon Property ...

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  • 10 Jul
  • The Real Deal
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Compass to appeal decision sustaining Realogy’s suit

Photo illustration of Ryan Schneider and Robert Reffkin (Getty) Compass will appeal a New York judge’s decision last month to let Realogy proceed with a lawsuit that alleges its rival engaged in “predatory” poaching and illicit ...

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  • 10 Jul
  • The Real Deal
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VC or PPP? Some proptech firms got both

From left: MetaProp’s Aaron Block, Domio’s Jay Roberts, Homelight’s Drew Uher, FrontDesk’s Jesse DePinto, Serendipity Labs’s John Arenas and Knotel’s Amol Sarva (Linkedin, iStock, Sarva by Sasha Maslov) Knotel has raised $560 million ...

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  • 10 Jul
  • The Real Deal
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US hotel occupancy falls for first time in 11 weeks. Blame Covid again

Coronavirus spikes and subsequent closures snapped 11-week streak of rising hotel occupancy rates The 11-week climb in U.S. hotel occupancy rates ended ahead of the July 4 holiday, in part because of the spike in coronavirus cases led ...

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  • 10 Jul
  • The Real Deal
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TRD Insights: LA retail hasn’t rebounded in these major submarkets

Foot Traffic At Major LA Retail Arteries Down Significantly Even after California allowed many shuttered businesses to reopen their doors, shoppers were slow to return to some LA’s biggest retail arteries. Foot traffic in the last week ...

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  • 10 Jul
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