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Month: May 2021

Mall short-sellers see a big payout from Nevada mall auction

The colorful Prizm Outlet in Nevada. (Prizm Outlet via Facebook) A big payout has arrived for investors who shorted a retail-heavy commercial real estate debt index. A loan on the Prizm Outlets mall outside Las Vegas realized a 120 ...

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  • 30 May
  • The Real Deal
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Muddy Waters mojo may get his Chicago home landmarked

Muddy Waters and 4339 S Lake Park Ave, Chicago (Getty, Google Maps) Preservationists are pushing to landmark a Chicago home legend blues singer Muddy Waters bought in the 1950s, near the height of his fame. The group includes city ...

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  • 29 May
  • The Real Deal
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Germany’s 2 largest resi landlords set to merge

Vonovia CEO Rolf Buch and Deutsche Wohnen CEO Michael Zahn at a press conference earlier this week regarding the merger. (Getty) Germany’s two largest residential property groups, under public pressure to limit rent hikes, are set to ...

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  • 29 May
  • The Real Deal
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Ye olde 900-acre English estate politely asks $25M

The Newhouse Estate (Strutt & Parker) One of England’s most historic estates, which has been in the same family for 400 years, is hitting the market. The 904-acre Newhouse Estate is asking about $25 million, according to Mansion ...

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  • 29 May
  • The Real Deal
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Jennifer Lopez and Ben Affleck are renting a Miami Beach mansion

Jennifer Lopez, Ben Affleck and their Miami Beach property. (Getty, Corcoran) Jennifer Lopez and Ben Affleck have been renting a bayfront mansion in Miami Beach that’s asking $130,000 a month. The celebs — who broke off their ...

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  • 28 May
  • The Real Deal
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Rexford Industrial co-CEO pays $17M for Brentwood home

Rexford Industrial Co-CEO Howard Schwimmer and the property (Rexford, Zillow) The co-head of Rexford Industrial Realty is reaping the benefits of the industrial boom. Howard Schwimmer paid $17.4 million for a 7,000-square-foot home in ...

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  • 28 May
  • The Real Deal
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The Wing reopens its NYC co-working spaces

From left to right: Luvvie Ajayi Jones, Hitha Palepu, Robbin Mitchell, Sheila Lirio Marcelo and Donna Byrd. (Getty, Kohl’s, Luvvie) The Wing is attempting a comeback. The co-working space catered toward women fully re-opened its New ...

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  • 28 May
  • The Real Deal
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Industrious buys Breather’s listings platform

Breather CEO Bryan Murphy and Industrious CEO Jamie Hodari Flex-office operator Industrious acquired the listings platform and branding rights of Breather, the Canadian rent-by-the-day company that folded its flexible-office business ...

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  • 28 May
  • The Real Deal
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Feds investigating AWOL real estate attorney

Attorney Mitchell Kassoff, in photo at far right, is now being investigated by federal authorities along with the Manhattan District Attorney’s Office. Walter Mack, his lawyer, is pictured at top left. (Getty, Doar Law) Federal ...

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  • 28 May
  • The Real Deal
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Weingart Center’s latest affordable complex snags bond funding

(Azure Development, Weingart Center) Two affordable housing developments in West Los Angeles and Boyle Heights secured a total of $31 million in tax-exempt financing from the city this week. The bigger project, a 50-unit West L.A. ...

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  • 28 May
  • The Real Deal
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