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Month: April 2021

Investors increasingly compete with first-time buyers for homes

(iStock/Illustration by Kevin Rebong for The Real Deal) Another housing bubble is inflating — but unlike the one that burst in 2008, buyers contributing to this bubble are less likely to live in those properties. This time, investors ...

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  • 05 Apr
  • The Real Deal
  • Uncategorized
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LA office market has 51M sf of available space

(iStock) The numbers are staggering. Nearly one quarter of all office space in Los Angeles is available for rent, a level not seen since 2009. Around 51 million square feet of space is vacant or available for sublease. And overall ...

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  • 05 Apr
  • The Real Deal
  • Uncategorized
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Here’s who made bank in Compass’ IPO

Clockwise from left: Ori Allon, Robert Citrone, Robert Reffkin and Masayoshi Son (Getty/Illustration by Kevin Rebong for The Real Deal) UPDATED, April 5, 2021, 12:03 p.m.: Compass’ initial public offering last week made its founders ...

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  • 05 Apr
  • The Real Deal
  • Uncategorized
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UK student housing investors bet big amid pandemic

Blackstone Group’s Head of Real Estate Europe, James Seppala, believes university applications could increase. (Getty, Blackstone) Investors betting big on the United Kingdom student housing market are hopeful the fall will mean back ...

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  • 04 Apr
  • The Real Deal
  • Uncategorized
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Thalía and Tommy Mottola flip Surf Club condo for $10M

Tommy and Thalía Mottola and Four Seasons Residences at The Surf Club (Getty, Richard Meier & Partners Architects) Music producer Tommy Mottola, and his wife, Mexican singer and actress Thalía, flipped their Surfside condo for ...

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  • 04 Apr
  • The Real Deal
  • Uncategorized
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Jocelyn Wildenstein’s Trump World Tower condo sells but may need facelift

Jocelyne Wildenstein and her Trump World Tower apartment. (Getty, Realtor) Jocelyn Wildenstein, a socialite known for her extensive plastic surgery, went from billionaire to bankrupt. Now, creditors have sold one of three condo units ...

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  • 04 Apr
  • The Real Deal
  • Uncategorized
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Overheated? DC-area fixer-upper gets 88 offers — 76 all-cash

The four-bedroom home in Silver Spring, Maryland (Photos via Realtor) For the latest evidence of a surging suburban sales market, look just outside Washington, D.C. There, a serious fixer-upper sold for 70 percent above its appraisal ...

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  • 03 Apr
  • The Real Deal
  • Uncategorized
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WeWork exits first Hong Kong location as part of global downsizing

Tower 535 in Hong Kong and WeWork CEO Sandeep Mathrani (Photos via SOM, Getty) WeWork, which recently struck a $9 billion deal to go public via a special-purpose acquisition company, is still working on its path to profitability. Part ...

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  • 03 Apr
  • The Real Deal
  • Uncategorized
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Saudi prince sells 2K-acre UK estate to Bahrain’s royal family for $165M

Glympton Park and Prince Bandar bin Sultan. (Getty, Twitter via NicholasKingsle) Prince Bandar bin Sultan, a Saudi royal and longtime senior government official, sold a sprawling estate northwest of London to Bahrain’s royal family. ...

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  • 03 Apr
  • The Real Deal
  • Uncategorized
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Peebles accuses former associate of “anonymous and malicious” smear campaign

Daniel Hoeg and Don Peebles (Daniel Hoeg, Gettty, iStock) Don Peebles is accusing one of his rivals of running a covert smear campaign against him. The Peebles Corporation head claims that former business associate Daniel Hoeg used ...

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  • 02 Apr
  • The Real Deal
  • Uncategorized
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