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Month: April 2021

Patrick Soon-Shiang’s Nantworks, Serverfarm buy El Segundo data center

Patrick Soon-Shiong and 444 N. Nash Street (Getty, Google Maps) Data center operator Serverfarm has teamed up with Patrick Soon-Shiong’s Nantworks to pay $71 million for a data center in El Segundo. The 117,500-square-foot facility at ...

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  • 26 Apr
  • The Real Deal
  • Uncategorized
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Eli Broad’s Malibu beach house slashed again, to $59M

Eli Broad and his home at Carbon Beach (Getty, Redfin) Evidently, even the supercharged Malibu market has its limits. Eli Broad has slashed the asking price on his Richard Meier-designed beach house for the third time, according to the ...

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  • 26 Apr
  • The Real Deal
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Cypress Equity sells Glendale multifamily complex for $300M

Cypress Equity’s Michael Sorochinsky and the Next on Lex complex (iStock) Another apartment complex has been acquired that will be converted into workforce housing. Cypress Equity Investments sold the 494-unit Next on Lex complex in ...

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  • 26 Apr
  • The Real Deal
  • Uncategorized
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These startups are radically reimagining cities

A rendering of Palari’s 3D-printed community in Rancho Mirage, California (Courtesy of Mighty Buildings/EYRC Architects) Imagine a world in which much-needed multifamily housing could be built in less time — and for less money. Or one ...

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  • 26 Apr
  • The Real Deal
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Blackstone nears deal for massive industrial portfolio in India

CEO of The Blackstone Group Stephen A. Schwarzman. (Getty) Blackstone Group is nearing a deal to pay $720 million for a massive portfolio of industrial property and development sites in India. The investment firm would buy 3.5 million ...

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  • 25 Apr
  • The Real Deal
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Brazilian proptech startup Loft valued at nearly $3B

Loft co-founders Florian Hagenbuch and Mate Pencz (Endeavor, iStock) Brazilian real estate platform Loft has added another $100 million to a $425 million Series-D fundraising round that closed last month — bringing the firm’s valuation ...

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  • 25 Apr
  • The Real Deal
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Developer wanted for Honolulu’s 78-acre mixed-use district

Rendering of the project (New Aloha Stadium Entertainment District) Hawaii is beginning the search for a developer to build a mixed-use district on 78 acres near the new Aloha Stadium Hui Hilina’i in Honolulu. The request for proposal ...

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  • 24 Apr
  • The Real Deal
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The $500M house: Cheung Chung-kiu to overhaul $276M London mansion

Cheung Chung-kiu with photos of the mansion and renderings of the renovation (2-8A Rutland Gate) In early 2020, Cheung Chung-kiu bought a neglected 45-room mansion in London’s exclusive Knightsbridge neighborhood for $276 million, ...

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  • 24 Apr
  • The Real Deal
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Facebook founders’ early Silicon Valley home up for rent

Mark Zuckerberg and Facebook co-founders lived at this Los Altos home while creating the site. (Getty, GTeam Rentals) The Silicon Valley home where the creators of Facebook lived during the social network’s early days is up for rent. ...

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  • 24 Apr
  • The Real Deal
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Building owners crucial to Biden’s climate goals

President Biden at the Leaders Summit On Climate. (Getty) If President Joe Biden is to slash the country’s greenhouse gas emissions in half by 2030, he will need a lot of help from residential and commercial buildings owners. The ...

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  • 23 Apr
  • The Real Deal
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