Month: June 2021

555 California Street with Steve Roth and Donald Trump (VNO, Getty/Patrick McMullan, Getty) The following is a preview of one of the hundreds of data sets that will be available on TRD Pro, the one-stop real estate terminal that provides you with all the data and market information you need. While San Francisco’s office market…

Soho CEO Zhang Xin and Blackstone CEO Stephen Schwarzman (Wikimedia, Getty) Blackstone Group has made an offer to buyout Beijing-based developer Soho China Ltd. for $3.05 billion. If the deal goes through, it would be Blackstone’s biggest bet on China’s real estate market, according to Bloomberg. Blackstone offered HK$5 for each Soho China share —…

Photo Illustration of Airbnb CEO Brian Chesky and Vrbo CEO Jeff Hurst (Getty) Vacation rental platforms are pulling out all the stops to bring in listings — and they’re also directly going after each other’s hosts. Two of the leading U.S. firms — Airbnb and Expedia’s Vrbo — launched programs to make listing easier for…

Sweden is one of the countries most at risk (Getty) The pandemic slammed the brakes on housing markets worldwide…but only for a moment. Sales rebounded across the globe, and are now accelerating so fast that housing bubble concern is back. New Zealand, Canada and Sweden are most at risk, according to an analysis by Bloomberg.…

Robert Redford and the Utah ranch (Photos via Getty, UTAH REAL ESTATE / Windermere Real Estate-Utah / Jaisa Bishop) Robert Redford is selling the 30-acre Utah ranch he named after his film “The Horse Whisperer.” The actor and director bought the spread in 1996 as a winter grazing area for his horses, according to the…

Developer Troon Pacific CEO Gregory Malin with the home (Compass, Troon Pacific) A spec home in San Francisco’s Cow Hollow neighborhood is on the market for $46 million, making it one of the city’s priciest listings ever. Developer Troon Pacific is behind the roughly 12,200-square-foot home, according to the Wall Street Journal. The modernist-influenced home…

Defrauding agents. Illegal telemarketing. Encouraging breach of contract. Stealing trade secrets from rival firms. These are just some of the allegations leveled against Compass so far this year. The brokerage, which went public in April, is involved in nearly a dozen active lawsuits dating as far back as 2014. In the majority of these cases,…

Los Angeles, New York and Miami metro areas are in the top 10 of owner-occupied million dollar homes. (iStock) Where are all the million dollar homes? Spoiler alert: Wherever more people can afford them. Few homeowners live in homes valued at a million dollars or more in the U.S., but in some cities, it’s more…

ShainRealty Capital managing partners Jonathan Shainberg and Elliot Shainberg (ShainRealty Capital) Los Angeles-based investment firm ShainRealty Capital has entered the Dallas market with its purchase of a 373-unit rental complex for $46.4 million. The company financed the deal with a $40 million, five-year bridge loan from Arbor Realty Trust, ShainRealty said in a release on…

Cypress Equity Investments CEO Michael Sorochinsky and the Brentwood home (Cypress Equity, Redfin) The CEO and founder of Cypress Equity Investments has sold his Brentwood home — an estate just minutes away from the real estate investment firm’s headquarters on Wilshire Blvd. Michael Sorochinsky sold the 9,800-square-foot mansion for $13.9 million, records show, well above…