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Month: August 2020

Sign up for our fan-favorite newsletter, The Daily Dirt!

The Real Deal’s Kathryn Brenzel The Daily Dirt, The Real Deal’s subscriber-only newsletter, has readers addicted, as evidenced by some of the fan mail we’ve received. “Love the whole newsletter” “This and only this I read daily head to ...

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  • 19 Aug
  • The Real Deal
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Hilton and CGI plan $500M fund to acquire distressed hotels

CGI Merchant Group CEO Raoul Thomas and Hilton CEO Chris Nassetta (Credit: MANDEL NGAN/AFP via Getty Images) UPDATED, Aug. 19, 2020, 9:51 p.m.: A Miami-based private equity firm is planning to launch a $500 million fund to invest in ...

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  • 19 Aug
  • The Real Deal
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Mall owner CBL Properties nears bankruptcy

Charles B. Lebovitz (CBL, iStock) Suffocating under retailers’ inability to pay rent and more than $3 billion in debt, CBL Properties is on its way toward declaring bankruptcy. The company announced that it reached an agreement with ...

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  • 19 Aug
  • The Real Deal
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Tech deals give hope to shaky office market

Amazon CEO Jeff Bezos and Facebook CEO Mark Zuckerberg (Getty, iStock) Amazon and Facebook both made major commitments in the past two weeks to a New York City office market with an uncertain future. But that shot in the arm belies the ...

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  • 19 Aug
  • The Real Deal
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Authentic Brands raises $600M for retail acquisitions

Authentic Brands Group CEO Jamie Salter (Salter by Astrid Stawiarz/Getty Images for DuJour; iStock) Authentic Brands Group is on the acquisition hunt, after bolstering its war chest by $600 million. CEO Jamie Salter said the cash ...

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  • 19 Aug
  • The Real Deal
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Lawsuit says giant mall REITs are licensed to spy

Los Angeles’s biggest mall landlords are beating back a consumer lawsuit related to license plate recognition technology Los Angeles malls are largely closed now, but if they were open mall goers would be spied on. That’s the main ...

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  • 18 Aug
  • The Real Deal
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Texas condo owner blames Manhattan developer’s son for luxury tower defects

70 Rainey Street in Austin Texas (Rendering via Page Architects) A luxury condo owner in Texas claims a Manhattan-based developer put his “inexperienced” son in charge of the building’s construction — which led to an array of defects ...

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  • 18 Aug
  • The Real Deal
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Editor’s note: A ‘new normal’ for offices

Stuart Elliott Remember when August was the time of year when the news cycle slowed, there weren’t that many big stories, people were on vacation, and there was the expectation that life would return to its regular rhythm in the fall? ...

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  • 18 Aug
  • The Real Deal
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Fashion mogul instructed women to have sex with his underage sons: Lawsuit

Peter Nygard (Photo by Mintaha Neslihan Eroglu/Anadolu Agency/Getty Images) Peter Nygard, who faces allegations of running a sex trafficking ring, is now being sued by his two sons, who claim the Canadian retail magnate arranged for ...

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  • 18 Aug
  • The Real Deal
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Amazon plans office expansion in six US cities

Amazon CEO Jeff Bezos (Credit: Getty Images) Amazon is planning to expand its offices in six major U.S. cities, just weeks after announcing plans to double down on its fulfillment centers and warehouses. The tech giant plans to add new ...

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  • 18 Aug
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