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Month: July 2021

Steven Seagal sells bulletproof Arizona compound for $3.6M

Steven Seagal and the compound in Scottsdale, Arizona (Getty, Redfin) Filmmaker and martial artist Steven Seagal has sold his high-security compound in Scottsdale, Arizona, for $3.55 million. The 12-acre hillside property features a ...

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  • 11 Jul
  • The Real Deal
  • Uncategorized
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Swim trunks essential for buyer of this Ontario property

Photo Illustration of the lot in Ontario (Google Maps, Getty) When a homebuyer’s mortgage debt exceeds his equity, he is said to be underwater. But one property listed in Canada starts out that way, literally. On Brock Street in the ...

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  • 11 Jul
  • The Real Deal
  • Uncategorized
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2 Hong Kong resi towers to be demolished over defects

The construction site of Pavilia Farm III (Wpcpey/Wikimedia) New World Development Company will demolish two residential towers at its popular Pavilia Farm complex in Hong Kong over construction defects. The developer announced it ...

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  • 10 Jul
  • The Real Deal
  • Uncategorized
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Phillip Morris sells sprawling Marlboro Ranch to resort operator

Marlboro Ranch in Montana (Crazy Mountain Ranch) Cigarette maker Philip Morris USA has sold its sprawling Marlboro Ranch property in Montana after more than two decades of ownership. The cigarette-maker, which is owned by Altria Group, ...

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  • 10 Jul
  • The Real Deal
  • Uncategorized
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Cardinal, broker indicted in real estate deal that cost Vatican millions

60 Sloane Avenue in London (Metrus) A cardinal was among the 10 people indicted for their alleged role in a failed London real estate investment that lost the Vatican millions of euros. In addition Cardinal Angelo Becciu, four other ...

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  • 10 Jul
  • The Real Deal
  • Uncategorized
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Garcetti exits LA, with a Downtown transformed by development, stung by scandal

Photo illustration of Mayor Eric Garcetti (Getty, iStock) Officially tapped on Friday as the next U.S. Ambassador to India, Los Angeles Mayor Eric Garcetti will leave a city whose Downtown he helped transform through development. But ...

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  • 09 Jul
  • The Real Deal
  • Uncategorized
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Tesla, Brookfield and Dacra to Build Energy-Neutral Housing Development in Austin

Elon Musk, Bruce Flatt of Brookfield, and Craig Robins of Dacra with SunHouse at Easton Park in Austin, Texas (Getty, Brookfield, Easton Park) Elon Musk is entering the Lone Star State’s hottest real estate market, promising to help ...

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  • 09 Jul
  • The Real Deal
  • Uncategorized
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Former Newmark broker launches commercial real estate brokerage in Miami, NYC

David Abrams with 45 Northeast 41st Street (left) and 1212 Lincoln Road in Miami (masonre) Former Newmark Managing Director David Abrams launched a commercial real estate and advisory firm called masonre, based in Miami and New York ...

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  • 09 Jul
  • The Real Deal
  • Uncategorized
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Rihanna asking $80K a month for her Beverly Hills mansion

Rihanna and her Beverly Hills home (Getty) She has nine Grammys, a luxury fashion brand, cosmetics company and various humanitarian ventures, but Rihanna may also soon become a landlord. She recently listed her five-bedroom, ...

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  • 09 Jul
  • The Real Deal
  • Uncategorized
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Ravello nabs $55M in construction financing for Palmdale affordable project

Ravello CEO Phil Ram and rendering of the affordable housing project (LinkedIn, Ravello Holdings) Developer Ravello Holdings is making its first move into affordable housing in Los Angeles. The local firm has secured $55 million in ...

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  • 09 Jul
  • The Real Deal
  • Uncategorized
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