Month: October 2020

The Silverado Fire in Irvine, CA (Getty) Up to 100,000 residents of Orange County are under evacuation orders, after a pair of wildfires erupted there Monday. Two firefighters were gravely injured and several thousand homes were at risk of damage. The larger of the two fires, the Silverado fire, began around Santiago Canyon and Silverado…

Gov. Phil Murphy (left) and billionaire David Tepper This year’s spring housing market came a couple of months later than usual to the leafy suburbs of New Jersey. But it was worth the wait. Michele Kolsky-Assatly, a veteran agent with Coldwell Banker focused on Bergen County’s luxury market, has been busier than ever with the…

(iStock) Americans paid more for newly-built homes last month but they didn’t buy as many of them. The median price of new homes that sold in September was $326,800, up 4.5 percent from August, according to the Census Bureau’s monthly report of signed contracts and paid deposits for newly-built single family homes. The data comes…

Blackstone Group president Jonathan Gray (Getty) Blackstone Group is buying Simply Self Storage from Brookfield Asset Management for about $1.2 billion, Bloomberg reported. Brookfield bought the storage company in 2016 and has more than doubled its footprint; it now has more than 8 million square feet of space across the U.S. It started seeking buyers…

(Getty) The music could stop at Guitar Center in the near future. The retailer is preparing for bankruptcy after missing a $45 million interest payment on its debt, the New York Times reported. The company has reached out to creditors to explore a plan where it could emerge from bankruptcy in 2021. The possibility of…

Matt Borstein, Deutsche Bank’s global head of CRE, is moving to Oak Hill Advisors (Photo via Deutsche Bank) Matt Borstein, Deutsche Bank’s global head of commercial real estate, is moving on to become a partner at Oak Hill Advisor. Brestein has spent a decade at the bank and led its $30 billion real estate financing…

In excess-loving South Florida, there’s always room for more — more mansions on the waterfront, more luxury penthouses, and more Trump. TRD‘s latest episode of Coffee Talk includes just one Trump. Not Donald, not Eric or Don Jr., but one whose name South Florida industry experts know just as well — South African-born developer Jules…

Eva Chow and 133 S Mapleton Drive (Getty, Realtor) Eva Chow has again cut the asking price on her massive Holmby Hills mansion. Chow — who was married to Mr. Chow restaurant owner Michael Chow — has relisted the 30,000-square-foot estate for $65 million, according to Variety. The property first listed for $78 million in…

Ronnie Wood and his London home (Getty, Milton Stone) Rolling Stones guitarist Ronnie Wood is looking to part ways with a London townhouse he bought a decade ago. The 73-year-old musician listed the five-story home on Holland Road in the Notting Hill neighborhood for £3.85 million, or around $5 million, Mansion Global reported. Wood and…

Bozeman, Montana Montana’s winters are brutally cold, but its real estate market is as hot as it gets. Buyers from more dense parts of the country continue to flock to the state, with cash in hand and ready to pounce on properties after just a single showing — or sometimes without a showing at all,…