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Month: July 2021

Nowhere to go but up? Home prices smash another record in May

Housing prices broke records for the third consecutive month in May, surging 16.6 percent over May 2020 (iStock) As home sales stagnated in the spring, a nationwide seller’s market saw prices continue to skyrocket. Housing prices broke ...

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  • 27 Jul
  • The Real Deal
  • Uncategorized
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Inman acquired by private equity firm Beringer Capital

Brad Inman and Beringer Capital’s Perry Miele (Inman, Beringer) After 25 years, Brad Inman is selling his eponymous media company. Inman will be sold to Beringer Capital, a Toronto-based private equity firm, the publication announced ...

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  • 26 Jul
  • The Real Deal
  • Uncategorized
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Beverly Hills home Ellen DeGeneres sold for $35M is back on market

Sue Gross and an aerial of the home at 960 N. Alpine Drive (Getty, Google Maps) While her ex-husband continues to duke it out with his neighbor in Orange County court, Sue Gross is looking to turn a quick sale in Beverly Hills. Gross, ...

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  • 26 Jul
  • The Real Deal
  • Uncategorized
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RE-focused investment firm Slate raises $600M for private-credit fund

Slate founding partners Blair Welch and Brady Welch (Slate, iStock) Slate Asset Management has raised over half a billion dollars for a new private-credit fund — capital which is already being put into action, the real estate-focused ...

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  • 26 Jul
  • The Real Deal
  • Uncategorized
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Coffee Talk: Scott Rechler on beating the pandemic

How do you get your company, investors and tenants through a year-and-a-half-long global crisis? “Communicate, communicate, communicate,” said Scott Rechler, CEO of RXR Realty. In this installment of Coffee Talk, Rechler spoke with The ...

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  • 26 Jul
  • The Real Deal
  • Uncategorized
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LA, Chicago ahead of Manhattan in returning to the office

Pandemic lockdowns for all three cities started in the last full week of March 2020, but office use had already plunged the week before as companies proactively sent workers home (iStock) For all of Wall Street’s drum-beating to march ...

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  • 26 Jul
  • The Real Deal
  • Uncategorized
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The Real Deal’s Prodigy exposé wins NY Press Club Award

(Illustration by Alexis Manrodt for The Real Deal) The Real Deal’s investigative feature on the Prodigy fiasco has won an award from the New York Press Club for consumer reporting. The organization honored the story “Behind the biggest ...

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  • 26 Jul
  • The Real Deal
  • Uncategorized
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Bernard Huberman, who built a 3M-sf property portfolio, dies

Bernard Huberman (Television Center TV and BLT Enterprises) BLT Enterprises founder Bernard Huberman, whose company now has a property portfolio of more than 3 million square feet, died July 10 at 65. Huberman founded the Santa ...

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  • 26 Jul
  • The Real Deal
  • Uncategorized
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Swedish lawmakers agree to abolish mortgage tax deduction, disagree on timing

(Getty) Swedish lawmakers are ready to cut a mortgage tax deduction to rein in a runaway housing market, but disagree over when to do it. Home prices in the Scandinavian country shot up nearly 13.2 percent in the first quarter of 2021 ...

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  • 25 Jul
  • The Real Deal
  • Uncategorized
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“Why are we building houses if we don’t have enough water?”: Towns react to scarcity

Towns and cities have begun restricting housing construction to save their supply of H2O. (iStock) The increasingly scarce supply of water is starting to have an impact on real estate development in some parts of the Western U.S. Towns ...

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  • 25 Jul
  • The Real Deal
  • Uncategorized
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