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Month: July 2020

Bon Jovi pays $43M for oceanfront Palm Beach estate

Bon Jovi and 1075 North Ocean Boulevard (Getty, Realtor) Rock star Jon Bon Jovi closed on an oceanfront mansion in Palm Beach for $43 million, after selling his home down the street for less than half of that. The “Livin’ On A Prayer” ...

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  • 20 Jul
  • The Real Deal
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NYC condo caught up in bribery scandal tied to world’s smallest republic

60 Riverside Boulevard and (inset) the island of Nauru (Google Maps) An Upper West Side condo is entangled in an international money laundering investigation. Following an Australian court, a U.S. District Court is blocking any future ...

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  • 20 Jul
  • The Real Deal
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Do I hear $90M? Fortress now wants to auction Hearst estate

An illustration of Fortress Investment Group CEO Wesley Edens (Credit: Craig Barritt/Getty Images, and Zillow) Fortress Investment Group hopes to extricate itself from the William Randolph Hearst estate by auctioning off the property. ...

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  • 20 Jul
  • The Real Deal
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Record-breaking surge in Covid cases spells trouble for South Florida’s hotel market

From left: The Fontainebleau Miami Beach, Shore Club and Clevelander South Beach Jeffrey Soffer’s iconic Fontainebleau Miami Beach was among the first of the city’s hotels to reopen on June 1, after the majority were shut down for the ...

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  • 20 Jul
  • The Real Deal
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Vanbarton’s Sunset Boulevard office complex goes to special servicing

6725 West Sunset Boulevard in Hollywood and Vanbarton Group’s Richard Coles (Credit: Google Maps) Months into the coronavirus outbreak, some office buildings whose owners have fallen behind on loan payments are joining hotels and malls ...

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  • 20 Jul
  • The Real Deal
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Here’s how much Covid has crushed global RE investment

The coronavirus has been crushing global real estate investment for months, but there are a couple of sectors weathering the storm (iStock) Global real estate investment was slammed over the first six months of the year, falling by a ...

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  • 20 Jul
  • The Real Deal
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Editor’s note: Can real estate race ahead?

Stuart Elliott An agent at a real estate brokerage in Brooklyn said he routinely witnesses unequal treatment from landlords when he submits applications from Black renters. To deal with it, he said agents at his firm lighten photos of ...

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  • 20 Jul
  • The Real Deal
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There are fears of a great housing bubble in China

China’s housing market is into bubble territory China’s efforts to beat back coronavirus led to widespread travel restrictions and shutdowns. But it appears to have been just a hiccup for the property boom in its biggest cities. Home ...

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  • 19 Jul
  • The Real Deal
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These real estate developers are serious about helping Mother Nature

A rendering of Watershed (Rendering by Kilograph) For some builders, minimizing environmental impact isn’t enough. Some developers are pushing the envelope further, designing buildings that can actually help the environment, according ...

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  • 19 Jul
  • The Real Deal
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US sports teams carry on with real estate projects, 2020 season or not

One Cardinal Way Over the last several years, sports teams across the country have spent big money developing real estate around their stadiums with the goal to attract visitors — and their money — for more than just games. While the ...

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  • 18 Jul
  • The Real Deal
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