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Month: June 2021

Why investors are rushing into real estate ETFs

The $6.2 billion iShares U.S. Real Estate ETF saw $1.3 billion of inflows last week. (Getty)   Investors are pouring money into real estate exchange-traded funds, in part as a bet on the storage and supply chain sectors. The $6.2 ...

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  • 09 Jun
  • The Real Deal
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Miami penthouse sets cryptocurrency sale record: $22.5M

Alex Sapir and Giovanni Fasciano with Arte by Antonio Citterio in Surfside (Photos via Arte by Antonio Citterio/PR Newswire) A developer’s decision to accept cryptocurrency as payment appears to have paid off, as a Miami-area penthouse ...

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  • 09 Jun
  • The Real Deal
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Rapper Polo G buys Chatsworth compound ahead of release of third album

Polo G and his Chatsworth compound (Getty, The Agency) Polo G is set to release his third album this month and it looks like he’s celebrating early with a big purchase in Chatsworth. The 22-year-old Chicago native, whose real name is ...

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  • 09 Jun
  • The Real Deal
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Biden ends talks with GOP on infrastructure, turns to Plan B

Senator Shelley Moore Capito and President Joe Biden (Getty) Following a week of fruitless negotiations with Senate Republicans to fund a $1 trillion infrastructure plan, President Joe Biden ended the talks without a deal. The failed ...

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  • 09 Jun
  • The Real Deal
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East End Capital to convert cold storage into movie studio

A rendering of the project with East End Capital managing principals Jonathon Yormak and David Peretz. (Relativity Architects, East End Capital) A New York-based developer is trying its hand at a Los Angeles staple: building out a ...

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  • 09 Jun
  • The Real Deal
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Peter Thiel’s SPAC in talks to merge with PropertyGuru

Property Guru CEO Hari Krishnan and Peter Thiel (Property Guru, Getty) UPDATED, June 8, 9:05 p.m.: A Peter Thiel-led SPAC is in talks to merge with online real estate firm PropertyGuru to tap into Southeast Asia’s real estate market. ...

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  • 08 Jun
  • The Real Deal
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SARES REGIS sells Orange County warehouses to Crown Associates for $35.3 million

15301 Springdale Street and Crown Associates president Mitchell Bloom. (LinkedIn, CBRE) SARES REGIS Group sold a pair of neighboring Huntington Beach industrial properties to Beverly Hills-based Crowns Associates Realty as rising ...

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  • 08 Jun
  • The Real Deal
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Downtown LA’s Proper Hotel to open in July after years of delays

(Proper Hotel, Google Maps) Long-delayed work is nearly complete on Kor Group’s 148-room Proper Hotel in Downtown Los Angeles. The hotel is set to open in July, according to Urbanize. Construction started on the adaptive reuse five ...

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  • 08 Jun
  • The Real Deal
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Hulu adds space at Roku-occupied Colorado Center

The Colorado Center with Hulu President Kelly Campbell and Boston Properties CEO Owen Thomas (inset) (Photos via Getty, LA Realty Partners) Hulu is expanding its lease at the Colorado Center in Santa Monica, where Roku has also parked ...

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  • 08 Jun
  • The Real Deal
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GoodRx adds 57K sf at Santa Monica’s Pen Factory

Pen Factory, GoodRx CEOs Doug Hirsch and Trevor Bezdek. (Pen Factory, GoodRx) Santa Monica-based health care company GoodRx has added 57,000 square feet to its lease at Lincoln Property Company West’s Pen Factory complex. The firm now ...

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  • 08 Jun
  • The Real Deal
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