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Month: July 2021

Slowdown in pending homes sales signals “turning point” for housing market

(iStock) After surging in May, the pace of homes under contract fell 1.9 percent in June — both year-over-year and month-over-month — according to the National Association of Realtors’ monthly index. Lawrence Yun, NAR’s chief ...

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  • 29 Jul
  • The Real Deal
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Conversions from offices to life science labs booming

Converting offices to lab spaces comes with challenges, as some spaces need specific ventilation and upgraded electrical facilities (Getty) While the office market grapples with the Delta variant, life science labs are enjoying a boom. ...

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  • 29 Jul
  • The Real Deal
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Jared Kushner to launch Miami investment firm

Jared Kushner and his wife Ivanka Trump have a condo in Surfside and an estate in Indian Creek (Getty) South Florida appears to be having an inspirational effect on Jared Kushner. The ex-White House adviser and son-in-law of former ...

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  • 29 Jul
  • The Real Deal
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GLP raises $2.3B for logistics property fund

GCP CEO Alan Yang (Getty, GCP) GLP Capital Partners has raised $2.3 billion for its logistics property fund, exceeding its goal in a sector that gained strength throughout the pandemic and remains hot. The company announced the final ...

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  • 29 Jul
  • The Real Deal
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Twitter, Google latest big companies to delay office returns

Alphabet CEO Sundar Pichai and Twitter CEO Jack Dorsey (Getty) Two more major tech companies are dialing back plans for a return to the office, in the latest reaction to the spread of the Delta variant. Google will not be requiring its ...

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  • 29 Jul
  • The Real Deal
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LA County rent prices, leasing activity rise in Q2

Demand and prices are rising in the L.A. County rental market (Getty) The Los Angeles County rental market continues to improve. Prices are climbing as the county’s average asking rent ticked up to $2,040 in the second quarter, ...

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  • 29 Jul
  • The Real Deal
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Here’s what tenants pay (and pull in) at the Domain in Austin

The Domain in Austin with Simon Property Group CEO David Simon (Simon Property) 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 all the ...

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  • 29 Jul
  • The Real Deal
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Commercial property sales outpace pre-pandemic figures in Q2

(iStock) Commercial property sales are broadly rebounding to pre-pandemic levels across the country, though the same success isn’t being seen in select markets that dominated before the pandemic. Investors spent $144.7 billion on ...

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  • 28 Jul
  • The Real Deal
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Party over? Pharrell’s Goodtime Hotel in Miami Beach could lose entertainment permit

David Grutman and Pharrell’s Goodtime Hotel had received nearly 30 noise violations (Carma Connected, Getty) Hospitality mogul David Grutman and rapper and entrepreneur Pharrell Williams could use some good vibes for their Goodtime ...

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  • 28 Jul
  • The Real Deal
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Nearly $10M settlement for “cooked” SF condo owners

(iStock) A San Francisco condo association that argued some of its owners were being “cooked” inside their homes settled with their building’s developers for nearly $10 million. The ruling, which could have an effect on future ...

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  • 28 Jul
  • The Real Deal
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