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Month: September 2021

Griffon Capital’s Ron Kramer buys Beverly Hills estate in off-market deal

1140 Tower Rd, Beverly Hills (Zillow) A 1930s-era estate in Beverly Hills has sold for a loss after two years on and off the market and several price cuts. Rich and Christie Reilly sold the 1.4-acre estate to Griffon Capital CEO Ron ...

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  • 13 Sep
  • The Real Deal
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With a $2.5B valuation, Side prepares to take on NYC. Will agents buy in?

Guy Gal (Getty Images) Side has had an explosive year.  In March, the white-label brokerage’s $150 million Series D propelled its valuation above $1 billion. A few months later, that valuation more than doubled to $2.5 billion after ...

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  • 13 Sep
  • The Real Deal
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US office investment market remains well below 2019 levels

New York, LA and Boston Skylines (iStock) The U.S. office investment market has yet to recover from the pandemic, as sales volume remains well below 2019 levels. The dollar volume of investment sales transactions across the top 30 ...

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  • 13 Sep
  • The Real Deal
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World’s largest rodent invades housing community in Buenos Aires wetlands

Capybara’s grazing in a gated community in Tigre, Buenos Aires (Getty) A gated community in Argentina is dealing with an invasion of capybaras. Or perhaps — depending on your perspective — it is the capybaras who are dealing with an ...

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  • 13 Sep
  • The Real Deal
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Microsoft, AmEx push back office returns

Microsoft CEO Satya Nadella and American Express CEO Stephen Squeri (Getty, American Express) Two more major companies are delaying returns to the office amid the surging delta variant, the latest blow to the office market. Microsoft ...

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  • 13 Sep
  • The Real Deal
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The big inflation hedge that wasn’t

(Getty Images) Real estate is a good hedge against inflation. So now that rising prices are dominating the economic discussion, one would expect a surge in real estate investment.  But in the Covid era, that has yet to materialize. “I ...

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  • 13 Sep
  • The Real Deal
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Dallas and NY metro areas lead US in projected apartment deliveries

The Dallas-Fort Worth metro leads the way in projected apartment deliveries in 2021 followed by New York and Phoenix. (iStock) For the fourth year in a row, the Dallas-Fort Worth metro area leads the pack in projected number of ...

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  • 13 Sep
  • The Real Deal
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Biggie Smalls’ Fort Greene home lists for $1.7M

Notorious B.I.G. and 159 Carlton Avenue (Getty, Compass) The Brooklyn home where rap legend Notorious B.I.G. lived has hit the market asking $1.7 million. Christopher Wallace bought the two-bedroom residence at 159 Carlton Avenue in ...

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  • 12 Sep
  • The Real Deal
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Scottish businessman lists St. Barts home for $80M

Baroness Michelle Mone and Doug Barrowman with the home (Getty, Nest Seekers) One of the largest homes on the Caribbean island of St. Barts is hitting the market for $80 million. Scottish businessman Doug Barrowman wants to sell his ...

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  • 12 Sep
  • The Real Deal
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Gelt pays $147M for Anaheim apartment complex

3530 E. La Palma Avenue with Gelt partners Keith and Steve Wasserman (Google Maps, Gelt) Multifamily investor Gelt acquired a large rental complex in Anaheim for $146.5 million — around 40 percent more than what it last sold for in ...

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  • 09 Sep
  • The Real Deal
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