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Month: September 2020

Deutsche Bank: Employees can stay home until mid-2021

Deutsche Bank CEO Christian Sewing and Deutsche Bank’s Manhattan headquarters at 60 Wall Street (Getty) Employees at Deutsche Bank won’t have to replace sweats with suits any time soon. The German lender notified staff in New York, New ...

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  • 17 Sep
  • The Real Deal
  • Uncategorized
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Korean Air eyes sale of Wilshire Grand

Korean Air chairman and CEO Walter Cho Won-tae and the Wilshire Grand Center at 900 Wilshire Boulevard (Credit: Jae Joon Lee via Wikipedia and Fredchang931124 via Wikipedia) The tallest skyscraper west of the Mississippi may soon be up ...

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  • 17 Sep
  • The Real Deal
  • Uncategorized
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Elvis Presley’s former Holmby Hills home sells for $30M

Elvis and Priscilla Presley with the home (Credit;Bettmann/Getty Images) A Holmby Hills mansion once owned by Elvis Presley and his wife Priscilla, and a neighboring lot have sold for just under $30 million. The former Presley home at ...

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  • 17 Sep
  • The Real Deal
  • Uncategorized
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Amazon to open 1,000 warehouses in the suburbs

Amazon CEO Jeff Bezos (Getty; Unsplash) Amazon is moving to the ’burbs. The e-commerce giant plans to open 1,000 warehouses in suburbs and cities across the U.S., according to Bloomberg. The expansion will allow the company to quicken ...

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  • 16 Sep
  • The Real Deal
  • Uncategorized
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Size does matter: Mortgage loan average swells to new record

As rates hold steady at 3 percent, the average loan hit another record high: $370,200 (iStock) As applications for home loans dropped last week, the average loan size continued to break records. The number hit $370,200 last week, an ...

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  • 16 Sep
  • The Real Deal
  • Uncategorized
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Tiger Woods’ ex-wife buys Palm Beach Gardens home

12251 Tillinghast Circle and Elin Nordegren (Credit: Google Maps and Gustavo Caballero/Getty Images) Swedish model Elin Nordegren, ex-wife of golfer Tiger Woods, found a new home in Palm Beach Gardens. Nordegren paid $9.9 million for ...

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  • 16 Sep
  • The Real Deal
  • Uncategorized
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Occupancy optimism: Developer plans 175-room Hollywood hotel

Nela Development CEO Marissa Solis and 6445 W. Sunset Boulevard, where the company wants to build a 175-key hotel. Occupancy rates at Los Angeles hotels remain at half capacity, but one local developer is counting on a comeback no ...

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  • 16 Sep
  • The Real Deal
  • Uncategorized
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What tenants are paying at Shvo and Deutsche Finance’s “Big Red” building

Deutsche Finance America managing partner Jason Lucas and Michael Shvo, with 333 South Wabash Michael Shvo and Deutsche Finance America’s buy of the “Big Red” office tower last month marked the biggest Chicago real estate deal since ...

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  • 16 Sep
  • The Real Deal
  • Uncategorized
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J-Lo and A-Rod part ways with Malibu “fixer-upper” for $6.8M

Jennifer Lopez and Alex Rodriguez with their Malibu beach house (Getty; Courtesy Compass) That was fast: Jennifer Lopez and Alex Rodriguez found a buyer for their Malibu beach house just two months after putting the three-story home on ...

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  • 16 Sep
  • The Real Deal
  • Uncategorized
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Rockefeller Group snags Inland Empire site for logistics centers

Daniel J. Moore and the site (Credit: Rockefeller Group) Rockefeller Group is betting on demand for modern logistics space in Southern California — with good reason. The New York-based developer has purchased 30 acres in the Riverside ...

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  • 16 Sep
  • The Real Deal
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