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Month: February 2022

Blackstone sells century-old La Quinta resort to British firm

Blackstone Group’s Stephen Schwarzman and the La Quinta Resort & Club at 49-499 Eisenhower Drive in La Quinta (Getty, Mapquest) The Blackstone Group has sold its 45-acre La Quinta Resort & Club in the Coachella Valley for ...

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  • 07 Feb
  • The Real Deal
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Industrial spec development up, delivery down

(iStock, Illustration by Kevin Cifuentes for The Real Deal) Developers across the country are racing to build new warehouses, as vacancy rates approach sub-1 percent in some markets. The only problem? Many can’t actually finish them in ...

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  • 07 Feb
  • The Real Deal
  • Uncategorized
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Home prices, rents soared in top Sun Belt migration destinations

(iStock) Sun Belt cities last year drew massive waves of migrants, supercharging increases in rents and home prices ahead of the national average. The affordable home costs that initially attracted transplants have swelled with the ...

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  • 07 Feb
  • The Real Deal
  • Uncategorized
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48-acre Brentwood estate finds a buyer

3100 Mandeville Canyon Road with Dick Powell and June Allyson (Zillow, Getty) The Amber Hills Estate – a 48-acre ranch in Brentwood that was once home to movie stars Dick Powell and June Allyson – has found a buyer after nearly five ...

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  • 07 Feb
  • The Real Deal
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Target eyes 1.9M sf distribution hub next to Inland Empire air base

(LoopNet, iStock) Target is set for a 1.9 million-square-foot distribution warehouse in Riverside, adding to the boom of logistic centers across the Inland Empire. The warehouse for the Minneapolis-based big box retailer will rise on a ...

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  • 07 Feb
  • The Real Deal
  • Uncategorized
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Feds find sheltered homeless population highly concentrated in CA, NY

Skid row in downtown Los Angeles (iStock) The nation’s sheltered homeless population is highly concentrated in four states, with New York, California, Florida and Massachusetts all accounting for significant shares, according to a HUD ...

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  • 07 Feb
  • The Real Deal
  • Uncategorized
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Hope floats: Pete Davidson’s and Colin Jost’s ferryboat allowed to stay past deadline

No Joke: Pete Davidson (left) and Colin Jost just purchased a Staten Island Ferry boat. (Getty) Thank you ferry much! The city is giving Staten Island-born comedians and Saturday Night Live cast members Colin Jost and Pete Davidson a ...

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  • 06 Feb
  • The Real Deal
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Houston mansion on market for $27.5 million could set Texas-sized record

Lawyer Tony Buzbee is asking $27.5 million for his Houston mansion. (Josh Gremillion/Douglas Elliman) A brick mansion owned by a Houston lawyer could set a record for the most expensive home sale in the city’s history. According to the ...

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  • 06 Feb
  • The Real Deal
  • Uncategorized
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Reno, Nevada to use stimulus cash for low-income housing

Reno, Nevada (Getty) Federal stimulus money is allowing the city of Reno, Nevada to convert motels into below-market-rate housing instead of bulldozing them to make way for a new, $1.8 billion entertainment district. ProPublica is ...

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  • 06 Feb
  • The Real Deal
  • Uncategorized
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Connecticut estate on private island drops to $100M

Great Island in Darien, Connecticut (Douglas Elliman) The private island comes with a house of stone whose cellar contains whiskey left over from Prohibition. The ask? $100 million. The Great Island in Connecticut, a roughly 60-acre ...

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  • 06 Feb
  • The Real Deal
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