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Month: August 2020

What delinquencies? Banks aren’t shying away from construction lending

Bank OZK CEO George Gleason and Wells Fargo CEO Charles Scharf (Photos via Bank OZK, iStock; Getty) Bankers ran for the hills when the pandemic hit, but got back to dealmaking in the second quarter. U.S. banks provided $380.61 billion ...

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  • 31 Aug
  • The Real Deal
  • Uncategorized
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Behind A-Rod’s real estate play, NYC’s talent exodus: Trending TRD videos you may have missed

It’s the last stretch of summer so soak in those rays, grab your phone or tablet, and catch up on the videos that made a splash with our readers last week on The Real Deal. Catch up now, and don’t forget to subscribe to our YouTube ...

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  • 31 Aug
  • The Real Deal
  • Uncategorized
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Facebook exec expresses confidence in office real estate

Facebook CEO Mark Zuckerberg and a rendering of the Farley Building (Getty; Vornado) The future of office properties has been in question since the pandemic emptied out Manhattan. But Brian Rosenthal, a senior executive at Facebook, ...

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  • 31 Aug
  • The Real Deal
  • Uncategorized
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Chris Cortazzo reps himself in $39M Malibu deal

Chris Cortazzo and 28848 Cliffside Drive (Credit: Google Maps) Chris Cortazzo is not only the president of doing Malibu home deals, he’s also a client. The prolific Compass agent sold a 55,000-square-foot oceanfront plot at 28848 ...

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  • 31 Aug
  • The Real Deal
  • Uncategorized
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Grand ambitions: Related’s DTLA megaproject hits halfway mark

CEO of Related Companies Jeff T. Blau, and a rendering of the project (Credit: Related) The Related Companies DTLA mixed-use megraproject has hit the halfway mark, even as the pandemic has brought many other projects to a standstill ...

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  • 31 Aug
  • The Real Deal
  • Uncategorized
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Allegations fly in trial over Anbang and Mirae’s $5.8B hotel deal

Ken TaeHern Kim, Zhongyuan Li and the Hyatt Regency Waikiki Beach (Linkedin, Google Maps) The embittered parties fighting over a $5.8 billion hotel portfolio sale went to trial this week to decide the matter. The deal for 15 American ...

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  • 31 Aug
  • The Real Deal
  • Uncategorized
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Justin Bieber, Hailey Baldwin upgrade to $26M manse in Beverly Park

Justin and Hailey Bieber with the home (Credit: Jon Kopaloff/Getty Images, and Realtor.com via Variety) It looks like the 90210 is “stuck with” Justin Bieber. Less than two years after buying in Beverly Hills, the singer-song writer ...

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  • 31 Aug
  • The Real Deal
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Dylan who? Covid shifts focus off celeb-tied short-term rentals

Bob Dylan, Zelda and F. Scott Fitzgerald, with Big Pink (Credit: Evening Standard/Getty Images,Bettmann/Getty Images, and Wikipedia) Sure, F. Scott and Zelda Fitzgerald once lived in the Montgomery, Alabama, home now available as a ...

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  • 30 Aug
  • The Real Deal
  • Uncategorized
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CIM’s $500M multifamily buy in Northern Virginia among priciest ever

Avi Shemesh, Richard Ressler, and Shaul Kuba, and the towers CIM Group has closed on one of the biggest multifamily deals the Northern Virginia market has ever seen. The investment firm paid $506 million for the 2,311-unit Southern ...

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  • 30 Aug
  • The Real Deal
  • Uncategorized
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Presales powered resi development in China. Covid may change that

In China, residential developers have used presales to power their construction, but that may not be enough in a Covid world. (Getty) Presales are everything for residential builders in China, but in a coronavirus world, they may not ...

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  • 30 Aug
  • The Real Deal
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