Month: March 2021

Tom Cruise and his four bedroom property. (Getty, LIV Sotheby’s Realty) Tom Cruise’s latest impossible mission? Selling his $39.5 million Telluride, Colorado estate. The actor has listed his 320-acre ranch in the Rocky Mountain town, the Wall Street Journal reported. But it’s not the first time he’s tried to sell the property. According to the…

Last month, 23 government-subsidized units sold for at least $1 million Singapore, or about $743,000 (iStock) Public housing in Singapore is selling quickly and at high prices, an indication that the country’s already high-priced real estate market is rebounding from a pandemic-induced slowdown last year. Last month, 23 government-subsidized units sold for at least $1…

Harumi Flag development renderings and Mitsui Fudosan CEO Masanobu Komoda. (Harumi Flag, Getty) Some of the condominium buyers in Tokyo’s Olympic village are seeking compensation for delays to their move-ins. Occupancy at the master-planned Harumi Flag complex was to begin in 2023, but that has been pushed back at least a year, according to Reuters.…

A 351,000 square-foot data center in Ohio. (H5 Data Centers) Data centers appear poised for record growth this year. A recent CBRE report found that demand is strong, and preleasing suggests 2021 a sustained surge, CNBC reported. Data centers https://therealdeal.com/chicago/tag/data-centers/ — essentially large warehouses filled with computing and data storage systems — are measured in…

Redcat Pub Co. founder Rooney Anand. (Morrisons Corporate, Getty) It’s been a tough year for pubs in the United Kingdom, but some investors are more than optimistic that those beloved institutions will bounce back. Los Angeles real estate investor Oaktree Capital Management recently announced it would invest 200 million pounds — or around $278 million…

Cushman & Wakefield CIO Nathaniel Robinson and CEO Brett White (iStock) Yet another major real estate firm is jumping on the blank-check bandwagon. Cushman & Wakefield has formed a special-purpose acquisition company, C&W Acquisition Corp., that aims to raise $250 million from investors to take a company public, according to the firm’s filing with the…

Adam Levine, Behati Prinsloo and their new none bedroom Montecito Estate. (Getty, Redfin) Maroon 5 frontman Adam Levine and his wife, Behati Prinsloo, are the latest celebrities to buy in ultra-exclusive Montecito. The couple paid $22.7 million for a 5-acre estate on Park Lane in the Santa Barbara County enclave, according to Dirt. Called El…

California will soon allow breweries, wineries and distilleries to reopen to outdoor business, with Covid restrictions still in place. (Getty) California will allow breweries, wineries and distilleries to resume outdoor business as soon as Monday, with strict measures meant to mitigate the spread of the coronavirus. The news comes as the state and Los Angeles…

A rendering of 555 Aviation Boulevard with Belkin executive chairman Chet Pipkin and Tishman Speyer CEO Rob Speyer (Lake Tahoe Community College, 555 Aviation and Getty) Consumer electronics giant Belkin International inked a lease with Tishman Speyer to shift its headquarters to El Segundo. UPDATED, 5:50 p.m. March 12: The company will occupy roughly 65,000…

Target CEO Brian Cornell (Getty, iStock) Target is making moves to take its corporate workforce remote after a banner year in sales. The company will cease operations at the City Center building in downtown Minneapolis and will find alternative office accommodations for its 3,500 workers, the New York Times reported. More than 25 percent of…