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Month: November 2020

LA condo sales continue their unlikely rise

Los Angeles county condo sales were up last month Single-family home sales in Los Angeles are sliding, but condo deals keep rising. There were 4,336 single-family home sales in countywide last month, a 2.4 percent dip year-over-year, ...

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  • 09 Nov
  • The Real Deal
  • Uncategorized
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HFZ facing foreclosure on nationwide industrial stake

Ziel Feldman and (clockwise from top left) 2121 North 161st East Avenue, Tulsa, OK; 707 Spence Lane, Nashville, TN; 1600 East Butler Avenue, Flagstaff, AZ; and 500 Bailey Avenue, Buffalo, NY (Getty, Google Maps) Ziel Feldman’s ...

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  • 09 Nov
  • The Real Deal
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Essex Property sells 115-unit complex in Glendale

Essex Property Trust CEO Michael Schall and 416 on Broadway Multifamily giant Essex Property Trust has sold a 115-unit apartment complex in Glendale. Fairmont Management president Ron Nasch paid $60 million for the property at 416 East ...

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  • 09 Nov
  • The Real Deal
  • Uncategorized
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U.S. travelers flock to warmer destinations with eased restrictions

This winter, U.S. travelers may be flocking to warmer destinations with eased restrictions (Getty) As the winter sets in around them, U.S. travelers are seeking out warmer climates — and places with relaxed travel restrictions. While ...

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  • 08 Nov
  • The Real Deal
  • Uncategorized
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UK sees strong demand for multifamily investment

The United Kingdom’s multifamily sector is on pace for a record year of investment sales Multifamily investment sales are surging in the United Kingdom. The sector is on pace for roughly $5.2 billion of investment this year, according ...

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  • 08 Nov
  • The Real Deal
  • Uncategorized
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Saudi developer plans largest real estate project in Bosnia and Herzegovina

Dar Al Arkan chairman Yusuf bin Abdullah Al-Shalash and the development site (Dal Al Arkan) Saudi developer Dar Al Arkan is planning a 5 million-square-foot residential and hotel complex outside Sarajevo, the capital of Bosnia and ...

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  • 08 Nov
  • The Real Deal
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$62M estate is Santa Barbara’s most expensive home for sale

749 San Ysidro Road, Montecito (Credit: Cristal Clarke Montecito and Santa Barbara Luxury Real Estate) A picturesque 13-acre estate owned by the late actor Stuart Whitman has just hit the market for $62 million, making it the most ...

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  • 07 Nov
  • The Real Deal
  • Uncategorized
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Retailers vanishing from Britain’s high streets

John Lewis & Partners on Oxford Street (Google Maps, iStock) Retailers are disappearing from high streets in the United Kingdom and it might be office and residential uses that replace them. More than 7,800 retail stores closed in ...

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  • 07 Nov
  • The Real Deal
  • Uncategorized
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China-US trade tension fuels data center giant’s secondary exchange listing

GDS CFO Daniel Newman and the Hong Kong Stock Exchange (Getty) A Chinese data center operator and developer has raised $1.6 billion in a secondary listing on the Hong Kong Stock Exchange, and considers the territory to be a hub of the ...

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  • 07 Nov
  • The Real Deal
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No more developer-in-chief: Biden to become 46th US president

Joe Biden and Donald Trump (Illustration by The Real Deal) Former Vice President Joe Biden has defeated President Donald Trump after one of the most divisive races in U.S. history. Biden will become the nation’s 46th president, with ...

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  • 07 Nov
  • The Real Deal
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