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Month: September 2021

Delta force: Surging Covid variant spoils return-to-office plans

(iStock) As recently as July, visions of reoccupied desks and packed commuter lines danced in the heads of employers and office landlords, who clung to hopes that a widespread return to the workplace after Labor Day might still be in ...

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  • 09 Sep
  • The Real Deal
  • Uncategorized
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Orchard raises $100M in Series D Funding, says no timing set for potential IPO

Orchard co-founder and CEO Court Cunningham (Orchard) Orchard’s IPO is off the table — for now. The proptech startup, the subject of speculation this summer that it would soon go public, said it raised $100 million from new and ...

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  • 09 Sep
  • The Real Deal
  • Uncategorized
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What happens in Vegas: ICSC brings back in-person annual conference

ICSC President Tom McGee and the Las Vegas Convention Center (ICSC via YouTube/Wikimedia) One of the biggest real estate events of the year is making a comeback. The organization formerly known as the International Council of Shopping ...

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  • 09 Sep
  • The Real Deal
  • Uncategorized
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Shvo signs Mandarin Oriental to Beverly Hills residential project

Michael Shvo and 9200 Wilshire renderings (Shvo, Getty) Shvo Group’s residential project in Beverly Hills finally has a brand attached. The developer’s 54-unit project at 9200 Wilshire Boulevard will be branded as a Mandarin Oriental ...

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  • 09 Sep
  • The Real Deal
  • Uncategorized
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Yelp downsizes San Francisco HQ, delays return-to-office plans

350 Mission in San Francisco and Yelp CEO Jeremy Stoppelman (SOM, Getty) For its San Francisco office, Yelp has left a poor review. Amid a broader reevaluation of its office footprint, the San Francisco-based tech company is moving to ...

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  • 09 Sep
  • The Real Deal
  • Uncategorized
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Jose Huizar was just an “evangelist for robust development”: attorney

Jose Huizar (Getty) Jose Huizar, the former powerful Los Angeles city councilman accused of accepting cash and gifts from developers, has issued his first full response to the federal charges against him. Huizar wants a judge to toss ...

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  • 09 Sep
  • The Real Deal
  • Uncategorized
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Ida flooding caused up to $24B in property damage Northeast: study

Widespread flooding caused $16 billion to $24 billion in losses to residential and commercial real estate throughout the northeast, one study estimates. (Getty) Catastrophic flooding in the wake of Hurricane Ida caused up to tens of ...

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  • 08 Sep
  • The Real Deal
  • Uncategorized
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Chetrit Group sells Miami Beach hotel for $42M

The Fairwind Hotel and Joseph Chetrit (Getty, Fairwinds) The Chetrit Group sold a Miami Beach apartment hotel to its operator for $42 million, The Real Deal has learned. Royal Stays Miami, led by Yedid Buchweld, acquired the 104-key ...

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  • 08 Sep
  • The Real Deal
  • Uncategorized
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Rental insurance startup looks to solve late-rent problem

Jetty co-founder and CEO Mike Rudoy (iStock, Jetty) Late rent payments are a problem not only for renters, who bear the cost of exorbitant late fees, but also for property owners, who depend on steady income. Jetty, a Silicon ...

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  • 08 Sep
  • The Real Deal
  • Uncategorized
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Digital Bridge to sell off wellness business in $3B deal

Digital Bridge’s Marc Ganzi (Ganzi by Sonya Revell) Digital Bridge, the company formerly known as Colony Capital, now looks almost nothing like its former self. The Boca Raton–based firm agreed to sell its “wellness infrastructure ...

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  • 08 Sep
  • The Real Deal
  • Uncategorized
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