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Month: April 2021

How Suite it is: Sam Zell’s Equity Residential sells SaMo rental complex

Black Equities Group’s Stanley Black and Equity Residential’s Mark J. Parrell. (Apartments.com, Getty, Equity Residential) Equity Residential, among the largest apartment owners in the U.S., sold a 70-unit complex in Santa Monica. ...

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  • 30 Apr
  • The Real Deal
  • Uncategorized
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Housing project for homeless vets gets pushback

Councilman John Lee and 10243 N. Topanga Canyon Boulevard (Facebook/CouncilmemberJohnLee, Google Maps) A 55-unit Chatsworth housing project for homeless military veterans isn’t too popular with the local councilman and from neighbors, ...

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  • 30 Apr
  • The Real Deal
  • Uncategorized
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South Florida by the numbers: Formula One revs up Miami real estate

Eddie Irvine with 424 Rivo Alto Drive, Miami Beach and Johnny Gray with 176 Spyglass Lane, Jupiter (Getty, Google Maps) “South Florida by the numbers” is a web feature that catalogs the most notable, quirky and surprising real estate ...

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  • 30 Apr
  • The Real Deal
  • Uncategorized
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Nile Niami sells another Bel Air spec mansion for $36M

Nile Niami and his Bel Air spec home (Getty Images, Juwan Li and Marc Angeles/Compass) You could say embattled spec developer Nile Niami needed a win, and he appears to have gotten two this week. Niami sold a Bel Air megamansion at 627 ...

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  • 30 Apr
  • The Real Deal
  • Uncategorized
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Retail landlords still suing over skipped rent

(Getty images) While businesses have been suing their insurers, commercial landlords have also been filing claims against tenants that have skipped rent, citing similar coronavirus losses. While no database tracks these cases, several ...

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  • 30 Apr
  • The Real Deal
  • Uncategorized
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Relevant Group lands “rescue” financing for 2 boutique hotel projects

Relevant Group’s Grant King and Richard Heyman with the Thompson and Tommie hotels (Relevant Group) Facing cost overruns and pandemic-related construction delays, Relevant Group’s dream of building a boutique hotel empire in a ...

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  • 30 Apr
  • The Real Deal
  • Uncategorized
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Sonder will merge with SPAC to go public

Sonder co-founder Francis Davidson (Sonder, iStock) The SPAC attack is back for a San Francisco-based hospitality startup. Sonder confirmed Friday that it will go public by merging with a SPAC backed by billionaires Alec Gores and Dean ...

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  • 30 Apr
  • The Real Deal
  • Uncategorized
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Harbor buys nearly 5,500-unit portfolio from Chetrit for $390M

Joseph Chetrit, Jordan Slone (Getty, NADLAN) UPDATED, 8 p.m., April 29: In one of the largest multifamily transactions of the year, the Chetrit Group sold a nearly 5,500-unit multifamily portfolio to Harbor Group International for $390 ...

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  • 29 Apr
  • The Real Deal
  • Uncategorized
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WATCH: Avra Jain on Miami development and “getting off the Beach”

Developer Avra Jain is “not afraid to go west.” The Vagabond Group founder spoke with The Real Deal’s Amir Korangy on the latest episode of Coffee Talk, sharing insights about what it means to be a developer and what’s next for Miami’s ...

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  • 29 Apr
  • The Real Deal
  • Uncategorized
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Compass opens new office in booming North Carolina

Robert Reffkin and Raleigh, North Carolina (Getty, iStock) Post-IPO, Compass is back to business as usual when it comes to expansions and acquisitions. The brokerage announced Thursday that it has opened a new office in Raleigh, North ...

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  • 29 Apr
  • The Real Deal
  • Uncategorized
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