Month: September 2021

(Getty) Singer Joe Jonas and “Game of Thrones” actress Sophie Turner can finally eat cake by the bay after purchasing a Miami mansion. The celebrity couple paid $11 million for the waterfront home at 4400 Island Road in Miami’s Bay Point community, The Real Deal has learned. The house previously belonged to Cuban-American musician Willy…

(Adam Popper via LinkedIn) Adam Popper is back in an executive role with a major commercial real estate company. The former Columbia Property Trust executive has a new role with Joe Sitt’s Thor Equities as its vice president of acquisitions. Popper started in the role on Monday, according to the Commercial Observer. Popper’s charge is…

Blackstone Group’s Stephen Schwarzman, KKR’s Henry Kravis and Apollo’s Leon Black (Getty, Facebook, iStock) Global investment firms with real estate holdings took a beating in markets on Monday as China Evergrande inched closer to missing interest payments on its debt. While global markets slumped, U.S. real estate stocks held their ground. Blackstone Group, the world’s…

WeWork CEO is Sandeep Mathrani (Wework) Google the phrase “WeWork going public” and among the questions that pop up are: “When did WeWork go public?” The answer is, it never really did. But late next month, retail investors will finally have the chance to own a piece of the coworking giant. WeWork announced Monday that…

Power lines that were partially burned by the Dixie fire (Getty) PG&E is warning homeowners and all residents in Sonoma, Napa and other Bay Area counties it may have to temporarily cut power with dry and windy weather bringing an increased threat of wildfires. In court filings, the utility said the measure was needed because…

Alex Rodriguez and Constantine Scurtis of Lynd (Getty) Former baseball slugger Alex Rodriguez hit a home run on 13 lawsuits filed by his former brother-in-law, Constantine Scurtis, over their unraveled real estate venture. A Miami-Dade Circuit Court judge’s ruling to dismiss the suits means A-Rod is cleared of tens of millions of dollars in potential…

340 S. La Fayette Park Place (Rent) MC Investment Partners is the buyer behind the $26 million deal for the 100-unit Bristol Garden Apartments in Rampart Village. The seller was Bristol Garden LLC, whose manager is Yee Phong Thian, property records show. The sale closed in June but did not appear in Los Angeles County…

Marcus & Millichap targeted in cybersecurity attack, CEO Hessam Nadji (Marcus & Millichap) Marcus & Millichap, the commercial real estate brokerage, said it was the target of a cyber attack. So far, there’s no evidence of a data breach. The attackers targeted information technology systems, the Calabasas, California-based firm said in a Sept. 20 filing.…

Homebuilders are more confident in home sales than they’ve been in the last three months (Getty) Optimism among builders that new single-family homes will sell rose in September after declining for three months as lumber prices fell and buyers clamored for places to live.  The Housing Market Index from the National Association of Home Builders…

Developer Bill Hutchinson, seen here in court and alongside his mugshot (Getty, Highland Park Police Department) Developer Bill Hutchinson has sold a Miami mansion and has listed two other properties as he faces sexual assault charges. Hutchinson sold the Miami property for $10 million, according to the New York Post. The 2009-built home first hit…