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Month: October 2020

Sheldon Adelson is leaving Las Vegas (maybe)

Sheldon Adelson and the Venetian (Getty, The Venetian Resort® Las Vegas) Sheldon Adelson’s Las Vegas Sands Corp. is reportedly soliciting interest for all of its three Las Vegas casinos. The three properties — the Venetian Resort Las ...

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  • 31 Oct
  • The Real Deal
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Huge California ranch owned by McDonald’s CEO Ray Kroc lists

Ray Kroc and his Santa Ynez Valley ranch (Wikimedia, Google Maps) A sprawling California estate once owned by a fast-food titan is hitting the market — and it’s asking quite a bit more than dollar-menu prices. The 554-acre ranch once ...

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  • 31 Oct
  • The Real Deal
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Arizona agent who hurled racial slurs loses job

(Instagram/lilajdre; iStock) An Arizona real estate agent lost his job after hurling racial epithets at two Black men outside his Scottsdale condominium building. Paul Ng approached the men, who were filming a video outside the ...

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  • 31 Oct
  • The Real Deal
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Knotel slashes its workforce again

Knotel CEO Amol Sarva (iStock) Flex office provider Knotel is tightening its belt even more as Manhattan workers balk at the idea of returning to the workplaces. On a conference call Thursday afternoon, the company announced it has ...

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  • 30 Oct
  • The Real Deal
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Lost summer, failed plan haunt Coney Island

After a lost summer, Coney Island businesses are struggling to imagine how to survive the winter. (Getty) Coney Island was eerily quiet this summer. The Cyclone did not clickety-clack, no screams pierced the salty air and tourists who ...

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  • 30 Oct
  • The Real Deal
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Real estate stocks end week mixed as virus fears rise and markets fall

(iStock) Real estate services stocks largely ended a dismal week unscathed, as the broader markets fell for a second straight week amid mixed earnings reports, stalled stimulus talk and another Covid surge. Office and mall REITs didn’t ...

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  • 30 Oct
  • The Real Deal
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How tough is Freddie when it comes to protecting landlords and tenants?

(Istock) UPDATED, Oct. 21, 2020, 5:00 p.m.: Tenant protections at apartment buildings with federally backed mortgages didn’t stop landlords in Houston from trying to evict renters between March and July, when an agency-imposed ban was ...

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  • 30 Oct
  • The Real Deal
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“Sad day” in LA: CBRE’s corporate exit latest blow to dented office market

CBRE CEO Bob Sulentic; the firm has shifted its global HQ from LA to Dallas. (CBRE, Getty) CBRE’s decision to shift its global HQ from Los Angeles to Dallas wasn’t mentioned on the company’s third-quarter earnings call Thursday. But ...

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  • 30 Oct
  • The Real Deal
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Redfin accused of redlining in lawsuit

Redfin CEO Glenn Kelman (Photos via Redfin; Getty) The National Fair Housing Alliance has accused Redfin of discriminatory policies and redlining, months after the national brokerage’s CEO pledged to address systemic racial ...

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  • 30 Oct
  • The Real Deal
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Manasseh Building plans 59-unit complex in Winnetka

20460 North Sherman Way (Google Maps) Manasseh Building Group is planning a 59-unit apartment complex in Winnetka. The firm filed plans for the project at 20460 North Sherman Way, according to city planning records. The building will ...

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  • 30 Oct
  • The Real Deal
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