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Month: December 2020

What the new stimulus means for restaurants & indie movie theaters

Photo illustration of Senate Majority Leader Mitch McConnell and Speaker of the House Nancy Pelosi (Getty, iStock) As part of Congress’ $900 billion pandemic aid package approved Monday, $15 billion was dedicated for “live venues, ...

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  • 22 Dec
  • The Real Deal
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Apartment List’s latest capital raises brings valuation to $600M

Apartment List co-founder John Kobs (Photo via John Kobs; iStock) Rental platform Apartment List has raised $50 million in a funding round, doubling its prior valuation to $600 million. Janus Henderson Investors led the latest round, ...

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  • 22 Dec
  • The Real Deal
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New renderings show Geoff Palmer’s 1K-unit DTLA apartment project

Geoff Palmer and a rendering of the project (Getty) New renderings released for Geoff Palmer’s massive apartment project in Downtown Los Angeles show a development with a similar aesthetic to many of his other projects in the area. The ...

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  • 22 Dec
  • The Real Deal
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Bye-bye, Brutalism: Trump order emphasizes classical style for federal buildings

President Donald Trump with the J. Edgar Hoover Building and the United States Capitol (Getty; iStock)dan In the waning days of his administration, President Donald Trump is focusing his attention on pressing matters: ensuring that any ...

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  • 21 Dec
  • The Real Deal
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Ashford: Insolvency imminent without new financing

Ashford Hospitality Trust CEO Douglas Kessler with the W Hotel in Atlanta. (LinkedIn, Marriott)   Ashford Hospitality Trust is running on fumes, the real estate investment trust disclosed Monday. The Dallas-based owner of upscale ...

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  • 21 Dec
  • The Real Deal
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Stimulus deal includes major change to affordable housing financing

Speaker of the House Nancy Pelosi and Senate Majority Leader Mitch McConnell  (Getty; iStock) The proposed $900 billion federal relief package hands affordable housing developers a key win in the form of changes to a popular financing ...

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  • 21 Dec
  • The Real Deal
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French Montana drops $8.4M on Paul George’s Hidden Hills compound

NBA star Paul George and the buyer of his house, French Montana. (Getty, Redfin)   Kris Jenner and Khloe Kardashian have a new neighbor: French Montana. The Grammy-nominated rapper, whose real name is Karim Karbouch, picked up NBA star ...

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  • 21 Dec
  • The Real Deal
  • Uncategorized
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Opendoor valuation soars to $18B ahead of IPO

Opendoor CEO Eric Wu and Chamath Palihapitiya (Getty) Even before Opendoor’s official stock market debut on Dec. 21, the iBuyer’s valuation soared to nearly $18 billion as Wall Street investors cheered its merger with a special purpose ...

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  • 21 Dec
  • The Real Deal
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Kathy Griffin sells Bel Air mansion for $14M

Kathy Griffin and her Bel Air home (Getty, Douglas Elliman) Comedian Kathy Griffin is out of Bel Air after three and a half years. Griffin sold her mansion in the tony nabe for $14 million, according to the Los Angeles Times. She had ...

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  • 21 Dec
  • The Real Deal
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Why did Sen. Kelly Loeffler’s Atlanta mansion lose half its value?

GOP Sen. Kelly Loeffler and her Atlanta Mansion. (Getty, Beacham & Co.)   What happened in 2016 that caused the assessed value of Georgia Sen. Kelly Loeffler’s Atlanta mansion to drop by more than half? The short answer: No one ...

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  • 20 Dec
  • The Real Deal
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