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Month: September 2021

Investors sell off Chinese real estate stocks

Hong Kong Stock Exchange (Getty) Investors continued to sell off shares in China’s real estate companies, wary of Beijing’s ongoing effort to stabilize the sector. The Hong Kong Stock Exchange’s property index, which tracks 52 real ...

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  • 19 Sep
  • The Real Deal
  • Uncategorized
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Pennsylvania town offers big incentive for people to fix homes

(iStock) In an attempt to reverse decades of economic decay and attract investment, a city outside Pittsburgh is dangling a major incentive on its vacant homes. Monessen Mayor Matt Shorraw said his administration will wipe out back ...

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  • 18 Sep
  • The Real Deal
  • Uncategorized
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Credit Suisse Group partners with MARK on $1B-plus rental housing fund

Josip Kardun (LinkedIn) Credit Suisse Group AG is partnering with investment firm MARK on a European rental investment venture called DOMA. The partners aim to raise an initial 350 million euros for the fund, the equivalent of $414 ...

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  • 18 Sep
  • The Real Deal
  • Uncategorized
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London fire officials say over 1K buildings unsafe in a fire

Grenfell Tower (Wikipedia) London fire officials say more than a thousand buildings in the British capital are now unsafe in the event of a fire, with a large majority of those suffering from the same problem that contributed to the ...

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  • 18 Sep
  • The Real Deal
  • Uncategorized
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Robert Durst convicted of murder

Robert Durst (Getty) Justice has finally caught up with Robert Durst. The notorious heir to the Durst real estate fortune was convicted of murder Friday by a Los Angeles jury for the execution-style shooting of his friend Susan Berman ...

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  • 17 Sep
  • The Real Deal
  • Uncategorized
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CIM suing SBE Entertainment for unpaid rent at Hollywood eatery

CIM Group’s Avi Shemesh and Lono Hollywood at 6611 Hollywood Blvd (Google Maps) CIM Group is suing SBE Entertainment over skipped rent at a Hollywood restaurant, alleging the nonpayment stretches back to the start of the pandemic. CIM ...

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  • 17 Sep
  • The Real Deal
  • Uncategorized
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Wells Fargo hit with $400M suit for breach of contract linked to robo-signing scandal

Taconic Capital Advisors’ principals Frank Brosens and Ken Brody and Wells Fargo CEO and president Charles Scharf (Getty, Taconic Capital, Wells Fargo) Taconic Capital Advisors filed a $400 million suit against Wells Fargo alleging the ...

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  • 17 Sep
  • The Real Deal
  • Uncategorized
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Co-living startup Treehouse plans second complex in Los Angeles

Treehouse co-founders Joe Green and Prophet Walker and with 4421 S. Crenshaw Boulevard (LinkedIn via Walker, Warcus & Millichap, WikiMedia / Tony Maesto) A co-living startup in Los Angeles has filed plans to build its second ...

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  • 17 Sep
  • The Real Deal
  • Uncategorized
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KKR, Cornerstone in $1B JV to develop health care facilities

Cornerstone Companies CEO J. Taggart Birge and  KKR Co-Chairman Henry Kravis (Cornerstone, Getty, iStock) KKR and Cornerstone Companies are joining forces to develop health care facilities in the United States. Cornerstone already has ...

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  • 17 Sep
  • The Real Deal
  • Uncategorized
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Riot Games subleases Beachbody Company’s Santa Monica offices

Lantana Entertainment Media Campus and Riot Games CEO Nicolo Laurent (EYRC, Getty) Video game developer Riot Games is set to sublease space at Lantana Entertainment Media Campus in Santa Monica. The company, best known for its smash ...

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  • 17 Sep
  • The Real Deal
  • Uncategorized
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