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Month: February 2021

Seeing green: Land rush is on in latest states to legalize cannabis

(iStock) In November, voters in Arizona, New Jersey, Montana and South Dakota approved recreational cannabis use in their states. Those votes have opened the door for the sort of land rushes seen in other states that have legalized ...

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  • 21 Feb
  • The Real Deal
  • Uncategorized
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Hong Kong condo sale shatters record in slumping market

21 Borrett Road Hong Kong is in a housing slump but one condo sale just shattered a record. A five-bedroom unit in a luxury condo tower sold for $59 million, the highest price per foot paid in Asia, Bloomberg reported. CK Asset ...

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  • 21 Feb
  • The Real Deal
  • Uncategorized
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India’s “zombie home” fund set to deliver thousands of apartments

SBICAP’s chief investment officer Irfan A. Kazi. (Getty, LinkedIn via Kazi)   A multibillion-dollar fund created by the Indian government to finish stalled housing developments in the country is on track to deliver 4,000 units in the ...

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  • 21 Feb
  • The Real Deal
  • Uncategorized
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“The Silence of the Lambs” house in rural Pennsylvania to become B&B

The house where Buffalo Bill lived in Silence of the Lambs. (Orion Pictures, Berkshire  Hathaway Preferred Realty)   The Pennsylvania home that appeared in “The Silence of the Lambs” as serial killer Buffalo Bill’s lair has sold — and ...

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  • 21 Feb
  • The Real Deal
  • Uncategorized
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US warehouse boom attracts foreign investors

(iStock/Illustration by Kevin Rebong for The Real Deal) It’s not just massive firms like Blackstone Group and Prologis that are throwing billions of dollars at warehouses — foreign investors are also pouring money into the booming ...

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  • 20 Feb
  • The Real Deal
  • Uncategorized
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Former JetBlue exec lists Silicon Valley compound for $49M

Former JetBlue Chairman Joel Peterson and his 5 house compound. (Getty, Arthur Sharif & Associates)   Former JetBlue Chairman Joel Peterson has listed his 11-acre compound in the affluent Silicon Valley suburb of Woodside. ...

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  • 20 Feb
  • The Real Deal
  • Uncategorized
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Home sales, prices rose in January as inventory hit new low

Housing inventory fell to a historic low last month. (iStock, Andrew Wyeth via MOMA / Photo Illustration by The Real Deal)   Sales of existing homes continued to surge in January. The pace of sales increased 0.7 percent from December ...

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  • 19 Feb
  • The Real Deal
  • Uncategorized
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Ratkovich Company names CEO to succeed founder

Ratkovich Company founder Wayne Ratkovich and new CEo Brian Saenger. (Ratkovich, Getty)   Ratkovich Company, among Los Angeles’ most active development firms, this week announced a changing of the guard at the top. Chief Operating ...

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  • 19 Feb
  • The Real Deal
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Maxed out: Gym closes after racking up $1M in Covid fines

California Ripped Fitness (Google Maps) A gym in San Jose that racked up nearly $1 million in fines for violating coronavirus mitigation orders has closed. Santa Clara County officials announced this week that the owner of California ...

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  • 19 Feb
  • The Real Deal
  • Uncategorized
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Yelp employees may work remotely forever

Yelp is expected to sublease some of their current offices. (Yelp, Getty)   It’s enough to make office landlords, well, yelp. Like other tech companies, Yelp is moving to a hybrid office model. In a blog post Friday, Yelp’s chief ...

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  • 19 Feb
  • The Real Deal
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