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Month: April 2021

Big Tech firms led office leasing in 2020

From left: Vornado Realty Trust’s 11 Penn Plaza and Apple’s Tim Cook, The Farley Post Office building and Facebook’s Mark Zuckerberg, Durst Organization’s One Five One and ByteDance CEO Zhang Yiming (Getty, VNO, SOM, Durst) Big Tech ...

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  • 02 Apr
  • The Real Deal
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Signed contracts in LA far outpace new listings in March

Single-family home and condo inventory couldn’t keep pace with demand last month. (Getty) In Los Angeles County, signed contracts for single-family homes priced at below $5 million far outpaced new listings in the category last month, ...

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  • 02 Apr
  • The Real Deal
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FEMA flood-insurance overhaul goes easy on homeowners

FEMA overhauled the National Flood Insurance Program, which will result in savings or stable premiums for most homeowners. (iStock) The National Flood Insurance Program finally took a leap into the 21st century. For the first time in ...

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  • 02 Apr
  • The Real Deal
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Netflix co-CEO lists Malibu beach pad for $15M

Netflix co-CEO Ted Sarandos and his wife Nicole Avant are selling their Malibu home that they purchased from David Spade. (Getty, Compass) Netflix bigwig Ted Sarandos listed his Malibu beach house, looking to seize on the continued ...

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  • 02 Apr
  • The Real Deal
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Construction, leisure & hospitality jobs rebounded in March

The gains accounted for nearly a third of overall job growth. (iStock) The leisure and hospitality industry bounced back in March, adding 280,000 jobs to the economy as hotels, restaurants and bars continued to reopen across the ...

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  • 02 Apr
  • The Real Deal
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Just listed: A recap of Compass’ IPO

(Instagram via laurenwoods.sellshomes, thefirm_eventdesign, tonywsimone, stevenabusch, ania_ishizaki, antonia_nycrealestate) Compass’ first day as a publicly traded company is in the books. The result so far? Neither a rousing success ...

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  • 02 Apr
  • The Real Deal
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Construction spending fell slightly in February

Bad weather was a factor in February’s decrease in construction spending. (Getty) Thanks to bad weather and pricier materials, construction spending fell slightly last month — though it’s still higher than it was last year. National ...

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  • 01 Apr
  • The Real Deal
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Hole in one: Pro golfer Dustin Johnson sells Palm Beach Gardens estate

Dustin Johnson and 15106 Palmwood Road (Getty, Flexmls) The world’s No. 1 male golfer scored a hole in one with the sale of his Palm Beach Gardens estate, The Real Deal has learned. Professional golfer Dustin Johnson closed on the sale ...

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  • 01 Apr
  • The Real Deal
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Mortgage rates on second homes rise as Fannie, Freddie pull back

New Fannie Mae and Freddie Mac restrictions mean higher mortgage rates for some. (Unsplash) Purchasing a second home during the pandemic may have seemed like a good idea with historically cheap mortgages available, but new changes are ...

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  • 01 Apr
  • The Real Deal
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Hyatt hotel heir Adam Pritzker buys Montecito estate

Adam and Sophie Pritzker with the Montecito estate (Getty, Google Maps) Adam Pritzker, whose grandfather co-founded the Hyatt hotel chain, becomes the latest boldface name to put down roots in Montecito. Pritzker and his wife, Sophie, ...

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  • 01 Apr
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