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Month: February 2021

Lennar to sell off residential solar division for $358M

Lennar’s Stuart Miller and Sunnova’s William J. “John” Berger (iStock) Lennar Corp. plans to sell its residential solar division to Sunnova Energy International in a deal worth over $358 million. As part of the agreement, Houston-based ...

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  • 17 Feb
  • The Real Deal
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Trump Plaza in Atlantic City is demolished

Trump Plaza in Atlantic City (Getty) This is the way the casino ends. Not with a bang but a whimper. An auction to detonate the former Trump Plaza Hotel and Casino in Atlantic City didn’t happen, but tickets to watch the spectacle were ...

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  • 17 Feb
  • The Real Deal
  • Uncategorized
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Homebuilder confidence picks up after 2 months of decline

The NAHB/Wells Fargo Housing Index reading increased in February, driven by expectations that homebuyer traffic was picking up. (iStock/Illustration by Kevin Rebong for The Real Deal) Homebuilder sentiment is once again trending upward ...

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  • 17 Feb
  • The Real Deal
  • Uncategorized
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Acore Capital raises $1B to provide rescue cash to hotels

Acore Partner Warren de Haan. (Acore, Getty)   Acore Capital raised $1 billion to provide rescue capital to struggling hotels. The lender said it will originate and acquire senior loans, mezzanine debt and preferred equity to North ...

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  • 17 Feb
  • The Real Deal
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Cara and Poppy Delevingne list Studio City pad

Cara and Poppy Delevingne and the Studio City home (Getty, Redfin) Cara and Poppy Delevingne are looking to sell the Studio City home they shared for several years. The sisters, both models and actresses, listed the 4,000-square-foot ...

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  • 17 Feb
  • The Real Deal
  • Uncategorized
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LA aims to buy 10K affordable units by 2030

Los Angeles City Council President Nury Martinez (Getty, iStock/Illustration by Alexis Manrodt for The Real Deal) The Los Angeles City Council has set a goal of acquiring 10,000 affordable housing units by 2030. The Council approved a ...

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  • 17 Feb
  • The Real Deal
  • Uncategorized
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Renderings reveal Related’s 296-unit Santa Monica project

Related California CEO William Witte and a rendering of the project (Getty, City of Santa Monica) New renderings of Related California’s planned 296-unit apartment project in Downtown Santa Monica show a curvy contemporary complex with ...

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  • 17 Feb
  • The Real Deal
  • Uncategorized
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NHL commissioner Gary Bettman buys Boca Raton mansion

Gary Bettman and 4020 Ibis Point Circle, Boca Raton (Getty, Google Maps) Gary Bettman, commissioner of the National Hockey League, bought a waterfront mansion in Boca Raton’s Sanctuary neighborhood for $8 million. Records show Bettman ...

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  • 16 Feb
  • The Real Deal
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Biden to extend foreclosure moratorium, mortgage forbearance

Biden’s announcement extends the foreclosure moratorium until June. (Getty)   The Biden administration announced Tuesday that it would extend the nationwide foreclosure moratorium and mortgage forbearance through June. The move would ...

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  • 16 Feb
  • The Real Deal
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Reaching for the stars: Casey Kasem’s mansion lists for $38M

Casey and Jean Kasem and an aerial of the Beverly Crest mansion at 138 N Mapleton Dr (Photos via Getty, Google Maps) The Beverly Crest mansion of legendary radio DJ Casey Kasem is on the market for $37.9 million. Kasem and his second ...

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  • 16 Feb
  • The Real Deal
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