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Month: February 2021

Poddy time: Venice-based pod hotel startup leases first space

Stay Open CEO Steve Shpilsky and a rendering of the project (Linkedin, Stay Open) Stay Open, a Venice-based firm that wants to convert existing commercial real estate space into pod hotels, closed a $2 million funding round and inked ...

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  • 16 Feb
  • The Real Deal
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Vaccine rollout is shot in arm for CVS

(iStock) The vaccine rollout is boosting CVS’s bottom line. The pharmacy company said it projects a strong 2021 and expects to administer more than 3 million vaccines in about 40,000 long-term facilities, according to Bloomberg. CVS ...

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  • 16 Feb
  • The Real Deal
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USC presidential palace hits market for $25M

The Seeley Mudd estate with Henry Huntington, General George Patton and USC president Carol Folt (Photos via Douglas Elliman, Wikipedia Commons, Getty, USC) The University of Southern California is cutting costs amid the pandemic, and ...

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  • 16 Feb
  • The Real Deal
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Napa Valley Four Seasons headed for near-record sale

The Napa Valley hotel is surrounded by vineyards and the Palisades Mountains. (Four Seasons)   A recently built Four Seasons hotel in Napa Valley may be headed for a near record-breaking sale price. A handful of investors have made ...

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  • 14 Feb
  • The Real Deal
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Undeveloped 1.3 acres in Hong Kong sells for $935M

The Hong Kong parcel sold for around $6,451 per square foot. (Getty)   Wharf Holdings led a consortium of investors on a record-breaking land purchase that shows just how confident some developers are in Hong Kong’s market. The group ...

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  • 14 Feb
  • The Real Deal
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Wealthy buyers scoop up real estate on warm-weather islands

Cold weather and lockdowns are inspiring people to more to warmer climates. (Getty)   As the cold weather set in and lockdowns continued in many U.S. cities, the market heated up for properties on remote islands in warmer climates. ...

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  • 14 Feb
  • The Real Deal
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German designers roll out weatherproof shelter pods

(Ulmer Nest) A group in Germany has come up with a novel way to provide emergency shelter to people experiencing homelessness in their city. A six-person team in Ulm has designed wood and steel “pods” that are relatively cheap to ...

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  • 13 Feb
  • The Real Deal
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Barcelona may tighten rules on short-term rentals…again

Barcelona Mayor Ada Colau (Getty, iStock) The mayor of Barcelona is proposing new restrictions on short-term rentals. Mayor Ada Colau wants to bar the rental of a room in an apartment for anything less than 30 days, according to ...

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  • 13 Feb
  • The Real Deal
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Toronto megamansion from “Schitt’s Creek” lists for $15M

The mansion from Schitt’s Creek TV show is for sale. (Homelife / Vision Realty)   An over-the-top Toronto megamansion that appeared in the hit show “Schitt’s Creek” is back on the market for $15 million. In the show, the mansion served ...

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  • 13 Feb
  • The Real Deal
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Actors Fund, Thomas Safran will build $120M affordable housing project

Actors Fund CEO Joseph Benincasa and a rendering of the project The Actors Fund and developer Thomas Safran & Associates have started construction on their $120 million, 151-unit affordable housing project in Hollywood. Called the ...

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  • 12 Feb
  • The Real Deal
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