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Month: February 2021

Morgan Properties, Olayan America buy $1.75B multifamily portfolio

Mitchell Morgan and one of the properties (Morgan Properties) Morgan Properties and Olayan America have purchased a portfolio of 48 U.S. multifamily properties for $1.75 billion. The seller was STAR Real Estate Ventures, a joint ...

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  • 28 Feb
  • The Real Deal
  • Uncategorized
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“Breaking” news: Bryan Cranston lists eco-friendly SoCal beach pad

Bryan Cranston and his California beach house (Getty, Realtor) Actor Bryan Cranston has listed the eco-friendly Ventura County, California home he built during the final season of “Breaking Bad.” Cranston and his wife Robin Dearden ...

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  • 28 Feb
  • The Real Deal
  • Uncategorized
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Global luxury home sale prices nudged up in 2020

Auckland, New Zealand and Shenzhen, China (iStock) Global luxury home sale prices ticked up slightly in 2020, as pent-up demand created by coronavirus lockdowns led to buying binges. The average price for a luxury home that sold rose ...

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  • 28 Feb
  • The Real Deal
  • Uncategorized
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Return of the retailer: Century 21 relaunches

Century 21 president Marc Benitez (LinkedIn; iStock) Attention shoppers: Century 21 is coming back. The New York-based discount retail chain that built a loyal following but folded after declaring bankruptcy in September, announced its ...

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  • 27 Feb
  • The Real Deal
  • Uncategorized
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Canadian industrial building boom looms

CBRE projects that e-commerce sales in Canada will continue to climb. (Getty) Demand for warehouse space in Canada far outweighs supply, setting the stage for a boom in industrial construction. Canada needs another 40 million square ...

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  • 27 Feb
  • The Real Deal
  • Uncategorized
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Japan’s tallest tower project will include Aman Resorts luxury residences

Aman CEO Vladislav Doronin and the upcoming towers. (Getty, DBOXCG)   A Tokyo skyscraper under construction and set to become the tallest tower in Japan will include Aman Resorts-branded luxury residences that could top $40 million ...

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  • 27 Feb
  • The Real Deal
  • Uncategorized
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RE/MAX revenue ticks up in Q4 but profit sinks

RE/MAX CEO Adam Contos (Facebook) RE/MAX reported a modest increase in revenue but a sharp drop in net income for the final three months of 2020. The company benefited from the surge in home sales that followed pandemic lockdown ...

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  • 26 Feb
  • The Real Deal
  • Uncategorized
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National eviction moratorium ruled unconstitutional, but remains in place

U.S. District Judge John Campbell Barker, who was appointed by former President Donald Trump, ruled the eviction moratorium to be unconstitutional. (Getty, Texas Attorney General) A federal judge in Texas ruled the nationwide eviction ...

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  • 26 Feb
  • The Real Deal
  • Uncategorized
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LA County explores turning struggling commercial properties into housing

LA County explores turning struggling commercial properties into housing. (Getty) With the housing crisis worsening, Los Angeles County is considering a move to convert some struggling commercial properties into affordable housing. The ...

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  • 26 Feb
  • The Real Deal
  • Uncategorized
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Electra America, AKA launch $500M hotel fund

Larry Korman and Joe Lubeck (iStock) A multifamily investment firm and a luxury hotel residences company have partnered to launch a $500 million hotel investment fund, seeking to take advantage of opportunities created by the pandemic. ...

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  • 26 Feb
  • The Real Deal
  • Uncategorized
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