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Month: December 2020

Goodbye LA: Hospitality mogul Sam Nazarian buys Miami area mansion

Sam Nazarian with 8815 Arvida Drive (Getty, REWS Miami – David Hernandez) SBE founder Sam Nazarian closed on a waterfront mansion in Coral Gables for $14 million, with plans to relocate from Los Angeles, The Real Deal has learned. ...

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  • 11 Dec
  • The Real Deal
  • Uncategorized
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These 10 retailers plan the largest expansions

(iStock) To say 2020 has been a tough year for retailers would be an understatement. In June, it was projected that 25,000 would shutter this year. Some had been hit hard by the retail apocalypse, while others were decimated solely by ...

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  • 11 Dec
  • The Real Deal
  • Uncategorized
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Real estate players celebrate Hanukkah at Trump’s White House party

Background photo: Hanukkah reception in 2019, Getty; President Donald Trump via gdizzle99/Instagram, inset Most real estate holiday parties may be canceled in 2020, but the developer-in-chief held a Hanukkah bash Wednesday evening, ...

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  • 10 Dec
  • The Real Deal
  • Uncategorized
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Airbnb share price more than doubles on first day of trading

From left: Airbnb founders Nathan Blecharczyk, Brian Chesky and Joe Gebbia (Airbnb, iStock) UPDATED, Dec. 10 2020, 5:50 p.m.: Airbnb’s stock shot up on the short-term rental company’s first day of trading, pushing its market valuation ...

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  • 10 Dec
  • The Real Deal
  • Uncategorized
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After 45% price cut, Bel Air spec mansion lists for $99M

Raj Kanodia and 908 Bel Air Rd (Williams & WIlliams Estates Group, Getty) Developer and plastic surgeon to the stars, Dr. Raj Kanodia, cut deeply into the price on his Bel Air spec mansion. But it’s still one of the priciest homes ...

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  • 10 Dec
  • The Real Deal
  • Uncategorized
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Cityview secures funding for nearly 300-unit complex near USC

Sean Burton and a rendering of the project (Cityview, Humphreys & Partners Architects, Google Maps) Developer Cityview has secured funding from Opportunity Zone investors for a 296-unit mixed-use project near the University of ...

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  • 10 Dec
  • The Real Deal
  • Uncategorized
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Mortgage originations on track to beat 2003 record

Analysts predict that more than $3.7 trillion of mortgages will be extended by the end of the year. (iStock) American homeowners are taking out mortgages at a near record rate. Banks issued $2.8 trillion in mortgage debt in the first ...

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  • 10 Dec
  • The Real Deal
  • Uncategorized
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Foreclosure filings are way down. There’s a reason

(iStock) One of these is not like the others: Homeowners are still struggling to meet their monthly mortgage bills, the coronavirus is on the rise, the economy is scuffling and foreclosures filings are way down. November foreclosures ...

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  • 10 Dec
  • The Real Deal
  • Uncategorized
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The Real Deal wins 14 NAREE journalism awards

The Real Deal’s December 2019 and September 2019 issues The Real Deal snagged 14 awards from the National Association of Real Estate Editors for its industry coverage in 2019, a record number of wins for the publication. “With clever ...

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  • 10 Dec
  • The Real Deal
  • Uncategorized
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LaSalle CEO Jeff Jacobson stepping down

Mark Gabbay and Jeff Jacobson (LaSalle, iStock) Change is coming to one of commercial real estate giant JLL’s subsidiaries. LaSalle Investment Management announced this week that CEO Jeff Jacobson will step down effective Jan. 1. ...

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  • 09 Dec
  • The Real Deal
  • Uncategorized
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