Month: September 2021

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 Kramer and Stephanie Blau in an off-market deal for $24.5 million, according to…

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 Tiger Global Management, the world’s most active venture investor in the second quarter, led a $50 million…

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 markets totaled $28 billion in July. That was 45 percent below the July 2019 amount of $39.5…

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 invasion of humans. Residents of Buenos Aires’ Nordelta community have seen an influx of the…

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 planned to fully reopen its offices on Oct. 4, but has been forced to backtrack from that goal. The…

(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 don’t think we’ve seen a rush into real estate yet because of fears of inflation,”…

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 apartment units coming online nationwide. The New York metro area finished second. That’s according to a…

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 1994, the same year he released his celebrated debut album “Ready to Die,” according to the New York Post. He…

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 custom-built and practically brand new 17,000-square-foot home because he “seldom” stays there, according to the Wall…

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 2018. The deal for the 312-unit Oasis at 3530 E. La Palma Avenue marks Gelt’s…