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Month: September 2021

Pandemic-driven tourism slump is bad luck for Macau’s casinos

The Casino Lisboa in Macau (Mikel Santamaria/Flickr) Macau’s casinos had an abysmal August, continuing an 18-month run of hard luck in the coastal Chinese city as the pandemic continues to impact tourism. Gross gambling revenue last ...

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  • 05 Sep
  • The Real Deal
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Home prices in cities across Asia-Pacific shot up in the past year

The Auckland, Beijing and Tokyo skylines (iStock) Home prices in more than a half-dozen major cities across Asia Pacific, including Beijing, Auckland and Tokyo, jumped up by double-digit percentiles over the last year. Cheap mortgages ...

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  • 04 Sep
  • The Real Deal
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Switzerland’s central bank warns of potential housing bubble as prices keep rising

Swiss National Bank Vice President Fritz Zurbruegg (Getty) Switzerland’s national bank warned of a correction in the country’s housing market as home prices keep rising. Schweizerische Nationalbank Vice President Fritz Zurbruegg said ...

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  • 04 Sep
  • The Real Deal
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Of course Las Vegas Raiders owner Mark Davis is building this home

Las Vegas Raiders Owner Mark Davis and renderings of the unique home (Getty, City of Henderson) Las Vegas Raiders owner Mark Davis is building a home in Sin City befitting his team’s iconic aesthetic. A rendering of the Henderson, ...

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  • 04 Sep
  • The Real Deal
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Hadid ordered to pay $3 million in damages over Strada Vecchia mansion

Mohamed Hadid and 901 Strada Vecchia Rd (Getty, Realtor) Mohamed Hadid must pay $3 million in damages, a fraction of what plaintiffs were seeking, over the developer’s notorious Strada Vecchia project, a Los Angeles County jury ...

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  • 03 Sep
  • The Real Deal
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HomeLight lands $100M in Series D equity, valuing company at $1.6B

HomeLight Founder and CEO Drew Uher & COO Sumant Sridharan (HomeLight, Uher) Proptech firm HomeLight secured $100 million in a Series D equity raise that values the company at $1.6 billion. The San Francisco-based company, which ...

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  • 03 Sep
  • The Real Deal
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Hilton’s Conrad brand to operate hotel at Related’s DTLA megaproject

Hilton President and CEO Christopher J. Nassetta, Related Companies CEO Jeff T. Blau and a rendering of the project (Related, Getty) The 305-key hotel at The Grand, Related Companies’ mixed-use Downtown L.A. megaproject, will be ...

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  • 03 Sep
  • The Real Deal
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Delta variant slams door on hospitality hiring

After months of robust recovery, restaurants & bars let go more workers last month than they hired, retail’s slide accelerated, and the return to the office stalled. (iStock) Job growth in leisure and hospitality slowed to zero in ...

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  • 03 Sep
  • The Real Deal
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Trump PAC a key tenant at strained Trump Tower

Donald Trump and Trump Tower at 725 5th Avenue (Getty, Ingfbruno/Wikimedia) Donald Trump has at least one dependable tenant at Trump Tower in New York City: a Trump PAC. As other tenants have racked up hundreds of thousands of dollars ...

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  • 03 Sep
  • The Real Deal
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Blackstone’s Motel 6 portfolio gets $685M CMBS loan

G6 Hospitality CEO Rob Palleschi and Motel 6 San Jose South, one of the largest assets in the portfolio (G6) Blackstone is refinancing a portfolio of 106 Motel 6 and Studio 6 hotels across the country. The firm’s G6 Hospitality secured ...

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  • 03 Sep
  • The Real Deal
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