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Month: March 2021

Sands Corp. leaving Las Vegas in $6B sale of properties

The Venetian and The Palazzo in Las Vegas. (Getty, The Venetian) Las Vegas Sands Corp. is leaving Las Vegas and aiming for Asia. The company that had been run by Sheldon Adelson until death in January has agreed to sell the Venetian ...

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  • 06 Mar
  • The Real Deal
  • Uncategorized
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UAE-based GII closes its biggest trade with $301M purchase of Paris’ Altais Towers

Gulf Islamic Investments Chairman H.E. Mohammed Rashed Alnasri with Paris’ Altais Towers. (GII, Reichen Et Robert & Associés) Gulf Islamic Investments has closed its biggest ever real estate transaction, paying $301 million for ...

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  • 06 Mar
  • The Real Deal
  • Uncategorized
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Coming attraction: Movie theaters reopen in San Fran, NYC

Theaters in some cities are opening with restrictions. (Getty, Photo Illustration by Alison Bushor for The Real Deal) Movie theaters in New York City and San Francisco have been dark for a year now, but that changes this weekend. Both ...

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  • 05 Mar
  • The Real Deal
  • Uncategorized
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This “Tiger Cub” hedge funder owns nearly 10% of Compass

Hedge fund manager Robert Citrone (Getty) As an emerging markets specialist, hedge funder Robert Citrone is used to eyeing distant shores for his next investment. His bet on Compass — and by extension the U.S. housing market — hits a ...

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  • 05 Mar
  • The Real Deal
  • Uncategorized
  •  1

Malibu’s largest commercial project nabs $130M construction loan

Related Fund Mangement’s Managing Principal Justin E. Metz and a rendering of Cross Creek Ranch. (Jay Luchs, Related) Pacific Equity Properties has secured a $130 million construction loan for Cross Creek Ranch Malibu, a rare ...

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  • 05 Mar
  • The Real Deal
  • Uncategorized
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Leisure, hospitality big winners in February job gains

Restaurants and bars accounted for a majority of the gains in February (iStock) Leisure and hospitality may finally be on the road to recovery. The industry added 355,000 jobs in February, as coronavirus restrictions began easing in ...

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  • 05 Mar
  • The Real Deal
  • Uncategorized
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Pamela Anderson lists Malibu beach pad, plans move to Canada

Pamela Anderson and her house on Malibu Colony Road. (Coldwell Banker Realty, Getty) Pamela Anderson is moving to her native Canada, and has just listed her custom-built Malibu beach house. The 1990s-famous model and actress is asking ...

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  • 05 Mar
  • The Real Deal
  • Uncategorized
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SoCal leaders approve ambitious housing plan for future

(iStock) To address the housing crisis in Southern California, more than 1.3 million homes need to be built in the next decade. That’s according to municipal and county leaders who on Thursday approved an ambitious zoning plan that ...

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  • 05 Mar
  • The Real Deal
  • Uncategorized
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Hippo strikes $5B SPAC deal with LinkedIn, Zynga founders

Zynga founder Mark Pincus, Hippo founders Assaf Wand and Eyal Navon, and LinkedIn co-founder Reid Hoffman (Getty, LinkedIn) Home insurance startup Hippo has scored the ultimate umbrella policy. The six-year-old company is set to go ...

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  • 05 Mar
  • The Real Deal
  • Uncategorized
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Opendoor revenue plunged 45% in 2020

Opendoor CEO Eric Wu (Opendoor, iStock/Illustration by Alexis Manrodt for The Real Deal) In its first earnings as a public company, Opendoor reported a 45 percent drop in revenue attributed to its pause in home-buying in the early ...

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  • 04 Mar
  • The Real Deal
  • Uncategorized
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