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Month: June 2021

ReAlpha plans to spend $1.5B to buy short-term rental homes

ReAlpha CEO Giri Devanur (Giri Devanur, iStock) Invigorated by Airbnb’s success, more investors are entering the short-term rental market. Ohio-based asset management company ReAlpha plans to spend as much as $1.5 billion to buy ...

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  • 28 Jun
  • The Real Deal
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Czech castle — all 59K sf of it — hits market

Parts of the chateau date back to 1393 (Sotheby’s International Realty) A 59,000-square-foot gothic-style castle in the Czech Republic has hit the market. The historic Chateau Světlá, an estate in the heart of the Sávaza river region, ...

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  • 27 Jun
  • The Real Deal
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Colombian iBuyer Habi raises $100M in Softbank-led Series B

Habi cofounders Brynne McNulty Rojas and Sebastian Noguera Escallón (Habi) Colombia-based iBuyer Habi has raised $100 million in a Series B fundraising round led by Softbank. It’s the second-largest amount ever raised in a Series B by ...

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  • 27 Jun
  • The Real Deal
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Big city homebuyers are paying above asking prices

Austin, Texas saw pricing of 5 to 9 percent above asking in the first six months of the year. (iStock) More and more homebuyers are paying above asking price in America’s largest metros. Strong demand and low supply means buyers are ...

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  • 26 Jun
  • The Real Deal
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This house sale is no shell game

(Hunter French) If a stone cottage in a country town outside Bath, England, isn’t charming enough, this listing also comes with its own tortoise-in-residence. Hercules, who is 94 years old, patrols the grounds of “the Old Dairy” ever ...

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  • 26 Jun
  • The Real Deal
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Engineer raised red flags more than 2 years before Surfside condo collapsed

The 12-story condo tower. (Photo by Joe Raedle/Getty Images) UPDATED, June 26, 8:21 p.m.: A 2018 report raised major red flags about the structural integrity of the Champlain Towers South, the Surfside condo building that partially ...

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  • 26 Jun
  • The Real Deal
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Hong Kong housing prices race toward record highs

A rendering of Pavilia Farm III and CK Asset Holdings chair Victor Li Tzar-kuoi (The Pavilia Farm 360, Getty) Pandemic homebuyers have been met with record-high prices, few options and fierce competition. Now the world’s least ...

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  • 26 Jun
  • The Real Deal
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159 still missing: Surfside rescue mission frustrates condo victims’ loved ones

From top left: Andres Levine, Betty and Gil Guerra, Bonnie and David_Epstein, Brad Cohen, Claudio and Maria Obias-Bonnefoy, Edgar Gonzalez, Elaine Sabino As heavy rains complicated the search and rescue operation for possible survivors ...

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  • 25 Jun
  • The Real Deal
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Selling out: South Florida condo developers report feverish market

Royal Palm Companies’s Dan Kodsi, OneWorld Properties’s Peggy Olin and a rendering of Legacy Hotel & Residences A yet-to-be-built nightclub-branded condo tower in an underdeveloped area north of downtown Miami is nearly sold out ...

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  • 25 Jun
  • The Real Deal
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Fifty former Sears stores go to market

Seritage Growth Properties CEO Andrea Olshan (Getty) The owner of the defunct Sears franchise is looking to unload a chunk of properties. Andrea Olshan, chief executive officer of the real estate investment trust Seritage Growth ...

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  • 25 Jun
  • The Real Deal
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