Month: August 2020
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Pharma giant inks massive lease at sprawling Boston mixed-use campus
Bristol Myers Squibb CEO Giovanni Caforio and a rendering of Cambridge Crossing DivcoWest snagged a major pharmaceutical tenant for its sprawling mixed-use complex in Boston. Bristol Myers Squibb has agreed to lease 360,000 square feet at the 4.5-million-square-foot Cambridge Crossing, according to Bisnow. The complex is under construction on 43 acres at the borders of…
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Robin Williams’ Marin County home is price-chopped to $6M
Robin Williams and 95 St Thomas Way (Getty, Compass) It’s no joke – Robin Williams’ former Bay Area home just got a discount. The 6,500-square-foot home is now asking just under $6 million, a roughly $1.25 million difference from its asking price when it hit the market in November, according to Inman. The Mediterranean-style home…
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Historic Missouri home comes with a nine-cell jail
203 E. Morrison Street, Fayette, MO (Realtor) A historic home in Fayette, Missouri has an amenity you don’t see very often: an attached jailhouse. The 1875-built brick home was the former home of the Howard County Sheriff. In those days, a jail was sometimes attached to a sheriff’s own home. The historic home is asking…
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“Golden Girls” house in LA sells for way above ask
The Golden Girls cast and the Brentwood home (Getty, Realtor) Los Angeles’ “Golden Girls” house sold quickly and for well above its asking price. The mid-century home that appeared on the 1980s-era sitcom sold for $4 million, a full $1 million above the asking price it listed with a month ago, according to the Wall…
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CMBS loan troubles, 3 WTC and 2020 predictions gone wrong
The one and only Yogi Berra once said, “It’s tough to make predictions, especially about the future.” Or did he? The late, great Yankee also said, “I really didn’t say everything I said.” But we know two things for sure: Predictions are indeed tough, and a clip of some made early this year was one…
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Crowdfunding platform PeerStreet launches debt fund for Covid-era opportunities
PeerStreet co-founders Brew Johnson (CEO) and Brett Crosby (COO) Real estate investment platform PeerStreet is getting in on the distressed-debt investment game. Through its new Peer Street Credit Opportunity Fund, the El Segundo, California-based crowdfunding startup will enable investors to take advantage of pandemic market disruption by providing exposure to distressed debt, warehouse financing and…
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Europe tops US in CRE deal volume
President of the European Commission Ursula von der Leyen and President Donald Trump (Photos by Dursun Aydemir/Anadolu Agency via Getty Images and SAUL LOEB/AFP via Getty Images) The U.S. property market is no longer on top. For the first time since 2017, Europe saw more commercial real estate deals than the U.S. America saw $19…
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The postmaster general is a real estate player
Postmaster General Louis DeJoy and a rendering of the Davie Industrial Center and the Edgeworth Building (above) in North Carolina (Getty, Google Maps, Davie Industrial Center) When it comes to real estate, Louis DeJoy isn’t mailing it in. Since he took over as postmaster general in June, DeJoy has mostly made headlines for the controversial changes…
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Five things to know about Airbnb’s IPO
Airbnb’s Brian Chesky (Getty) More than a decade after Brian Chesky rented out a room in his San Francisco apartment, Airbnb made it official this week: The hospitality marketplace is going public. The home-share unicorn, most recently valued at $18 billion down from $31 billion, offered few details beyond confirming it has submitted a confidential…
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Born to serve: Springsteen drummer Max Weinberg joins Delray planning and zoning board
Max Weinberg and Delray Beach (Credit: Sergione Infuso/Corbis via Getty Images) Bruce Springsteen’s drummer Max Weinberg is getting into civil service. Weinberg, a property owner and resident of Palm Beach County, was appointed to a two-year term on the Delray Beach Planning and Zoning Board this week. Weinberg told The Real Deal that he’s been…
