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Month: November 2020

Developer plans 71-unit apartment complex in Van Nuys

14645 Bessemer Street (Google Maps) A developer is planning a 71-unit apartment complex in Van Nuys at what is now a commercial property. Property owner Shad Group LLC tapped design and construction manager Mobbil Inc. for the project ...

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  • 12 Nov
  • The Real Deal
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Former oceanfront South Florida mansion of Sammy Sosa listed for $20M

667 Ocean Boulevard, Sammy Sosa (Credit: Jason Koerner/Getty Images, and Levy PR) The former Golden Beach home of longtime Chicago Cubs player Sammy Sosa hit the market for nearly $20 million. The retired Major League Baseball right ...

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  • 12 Nov
  • The Real Deal
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JPMorgan walks back some mortgage constraints

JPMorgan’s Marianne Lake (Getty, iStock) The head of JPMorgan’s consumer lending arm says the bank is relaxing its mortgage criteria as housing prices surge across the country. Marianne Lake made the comments at a virtual investor ...

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  • 11 Nov
  • The Real Deal
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Five candidates emerge for Biden’s HUD secretary

Clockwise from top left: California Rep. Karen Bass; Atlanta Mayor Keisha Lance Bottoms;  Former Jacksonville Mayor Alvin Brown, National Low Income Housing Coalition president and CEO Diane Yentel; and Local Initiatives Support ...

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  • 11 Nov
  • The Real Deal
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Title giant First American pumps $40M into digital closing startup

Endpoint CEO Scott Martino and First American CEO Dennis Gilmore (iStock) One of the country’s biggest title insurers is doubling down on digital closings. First American Financial Corp. said it’s investing $40 million into Endpoint, a ...

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  • 11 Nov
  • The Real Deal
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Knotel may slash its global portfolio by 60%

Knotel CEO Amol Sarva (iStock) Knotel once hoped to be the next WeWork. And as the pandemic rages on, it’s facing similar headwinds as its co-working rival. The flex office provider is looking to trim 60 percent of its 4.8 ...

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  • 11 Nov
  • The Real Deal
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Homebuying slump worsens as applications for mortgage loans drop

(iStock) As the vote counting in last week’s presidential election slowed down, so did mortgage applications. An index tracking the number of mortgage applications to buy homes dropped 3 percent, seasonally adjusted, compared to the ...

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  • 11 Nov
  • The Real Deal
  • Uncategorized
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A tale of two markets: Some CMBS players see huge losses, others opportunity

From left: Florence Mall in Kentucky and Brookfield’s Brian Kingston; Louis Joliet Mall and Starwood’s Barry Sternlicht and Southland Mall in Cutler Bay and Investcorp’s Hazem Ben-Gacem (Google Maps, Brookfield, Getty, Investcorp) ...

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  • 11 Nov
  • The Real Deal
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A former top WeWork exec asks $32M for Brentwood mansion

Michael Gross and the house (Credit: David M. Benett/Dave Benett / Getty Images, and Google Maps) A former WeWork top executive has listed the Brentwood mansion he bought last year from Lindsey Buckingham of Fleetwood Mac. Michael ...

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  • 11 Nov
  • The Real Deal
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Investcorp sells nearly $1B in multifamily assets

Investcorp CEO Hazem Ben-Gacem (Investcorp) The private equity firm Investcorp has sold eight multifamily properties across the U.S. for $900 million. Investcorp said it sold the properties to multiple buyers, though it did not ...

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  • 10 Nov
  • The Real Deal
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