Real Estate

In late summer 2011, a few years after she was launched into the white-hot international superstardom and not too long before she and her “Twilight Saga” co-star Robert Pattinson broke up for good in 2013, Kristen Stewart dropped $4.8 million on a glassy, Lorcan O’Herlihy Architects-designed contemporary tucked into a discreet Malibu enclave that’s come

GREENVILLE, SC—Blackstone has sold a 1.2 million square foot industrial warehouse and distribution portfolio here for an undisclosed price. Sealy & Co. acquired the eight fully-leased buildings, which are located within the Greenville-Spartanburg Industrial market along the I-85 corridor. Blackstone has amassed a formidable industrial portfolio in the past few years, while occasionally pruning its

Goldman Sachs Vintage Funds has made a strategic investment in a portfolio of last-mile logistics real estate. The portfolio is part of an investment vehicle owned by Elion Partners that is focused on first, middle and last-mile logistics real estate. A minority-owned registered investment adviser, Elion recently aggregated a portfolio of more than three million

A 3,300-square-foot modern mansion boasts five bedrooms, four bathrooms, a heated pool, a roof deck with a fire pit and a deep-water dock — for a yacht, of course — that juts into Sag Harbor Cove. The place is “a panty-dropper,” says real-estate agent Peggy Zabakolas. It’s one of the jaw-dropping properties featured on “Million

The effects of COVID-19 continue to unfold on a daily basis.  For commercial real estate owners, the long term implications of this pandemic cannot yet be fully assessed, especially since the resulting economic recession has only recently been confirmed and the public health uncertainties resulting from COVID-19 continue to ensue.  Since commercial real estate is

Hollywood power couple (and property gossip column regulars) Cindy Crawford and Rande Gerber have long made their primary home a bluff-top compound in Malibu. However, about three years ago they picked up a spacious, pricey and already painstakingly restored and updated mid-century modern pied-à-terre in the expensively trendy Trousdale Estates area of Beverly Hills that

HOUSTON—Gerald D. Hines, founder and chairman of real estate firm, Hines, passed away peacefully at home on August 23, 2020. He recently celebrated his 95th birthday on August 15. Hines was widely regarded and honored as a visionary in the commercial real estate industry. He transformed an entrepreneurial startup established in Houston in 1957 into

Amid a rush by 1030 exchangers to secure assets by July 15, single-tenant net leased asset sales spiked for the month. “That July 15 deadline really drove sales,” says Chris Pappas, associate director with Marcus & Millichap’s Net Lease Division.  After getting an extension through The CARES Act, 1031 investors needed to identify what they

The City Point complex in Downtown Brooklyn has apartments, stores, offices, a film-production studio, the DeKalb Market food hall — and next year, it will have reading, writing and arithmetic, as well. Adding to City Point’s multifaceted prestige, the private school BASIS Independent Brooklyn has signed a lease for a second campus at the site,

The Coronavirus and ensuing recession have altered the fortunes of the top 10 US office markets. How they weather the storm will be decided by choice of tenants, local conditions and not the least, whether workers return to the office in the foreseeable future. That’s the assessment in a report by Colliers International’s Kevin Morgan,

Acerbic British chef, restaurateur and TV personality Gordon Ramsay has cooked up a tasty residential treat in the form of his riverfront holiday getaway. Located in the scenic coastal town of Fowey, in southwest England’s famous Cornwall area, the spread is asking £2.75 million — or right about $3.6 million for those of us living

Those entering into new construction contracts should include custom language addressing the parties’ respective rights and responsibilities related to COVID-19. Many articles and webinars have focused on how traditional contract clauses in existing contracts may respond to COVID-19 issues. The fit is not always clear. Some guesswork is involved and creativity is called upon as square pegs

COVID-19 came on the heels of a glut of office construction in some markets. Now that the realities of the pandemic have sunk in, attention is turning to what will become of that excess inventory.  “You look at San Francisco, and there has definitely been a boom in office construction in the last decade,” says

A Sag Harbor resort found a solution for families that plan to postpone their return to the city — and a way to bolster the hotel’s bottom line during the off-season. Baron’s Cove, facing the picturesque village marina, has launched what it calls “A Key to the Hamptons: A Private Harborview Retreat.” Guests can book

Though she’s still in her 20s, billionaire heiress-turned-Tinseltown film producer Erika Olde (“Home Again,” “Woman Walks Ahead,” “The Female Brain”) is already a veteran player in the high-end Los Angeles real estate market. Now she’s set her sights on pristine Wyoming — records reveal the Cayman Islands native has purchased a 4.27-acre spread in a

It is no surprise to hear that retail leases have stalled during the pandemic. With many store closed or operating at limited capacity and uncertainty about the future of the market, retailers have paused any expansion plans. However, some new leases are still getting done. Essential retailers are continuing to move forward on new leases

While the capital markets are moving again, loan activity has been significantly impacted by the pandemic. Multifamily loan originations will likely fall by 40% this year compared to 2019 activity. “Though the capital markets have certainly been disrupted by the COIVD-19 pandemic, there remains healthy activity and allocations from all major lending sources, albeit with

Teddi Mellencamp is on the move — with some help from Kyle Richards’ family. The “Real Housewives of Beverly Hills” star, 39, is selling her current family home which has been featured prominently on the show. She told fans in a now-deleted Instagram story that the agents for the property are Mauricio Umansky and Farrah

StoneBridge Healthcare has been created by a composite finance group to buy and save distressed hospitals in the US. Funded by a group composed of debt and equity sources including Medical Properties Trust and Oaktree Capital Management, the new company’s goal is to turn around distressed hospitals facing financial crisis after the coronavirus pandemic. Medical

Writer and producer Michah Schraft appears to have celebrated his upwardly mobile professional success with the not quite $1.8 million purchase of a boldly quirky, Tinseltown-tinged home in L.A.’s historic and hipster-fied Dodger Stadium-adjacent Echo Park neighborhood. Schraft , who cut his television teeth on the provocatively named HBO male prostitution series “Hung” and the

A new report from the company Phoenix American says unemployment support has been key in allowing people to pay rent during the coronavirus pandemic. The report details the economic havoc caused by the coronavirus pandemic, noting losses in jobs were “concentrated in lower-wage hourly jobs in sectors such as retail and hospitality.” “Because low-wage workers

Hotel occupancy is likely to decline by 29% over the next 12 months, leading to revenue losses of as much as $75 billion, according to a new study from business strategy outfit Magid and hospitality industry consultant Howarth HTL. While the forecast is driven by anticipated drops in both business and leisure travel, the aversion

ALBANY — Gov. Andrew Cuomo signed an executive order Thursday expanding a coronavirus-related emergency moratorium on evictions and foreclosures of commercial properties until Sept. 20. The move gives business owners heavily impacted by state-ordered closures associated with COVID-19 more another month to meet their rental obligations. “While we have made great progress in keeping New

Despite the pandemic, some retailers are still opening new locations. At the River Landing Shops and Residences, which is west of downtown Miami, Publix, Ross Dress For Less, Burlington Stores, Hobby Lobby and Chase Bank are all slated to open soon.  These stores have some commonalities. Some offer essential services, while others provide harder-to-find items.

In late December, rapper and country-rock star Kid Rock, whose real name is Robert Ritchie (and who sometimes goes by the name DJ Bobby Shazam), expressed via Facebook his frustration with his longtime home city of Detroit. Ritchie grew up in Romeo, Mich., but has long resided in and around Detroit, a city he has

As the economic ramifications of the COVID shutdowns start hitting large property owners, Michael T. Fay, principal, managing director and global head of Avison Young’s asset resolution team, wonders if bigger deals are on the horizon.  “I think we’re going to see some larger portfolios trading,” Fay says. “It will probably be a shifting of

Borrowers holding portfolios of single family rentals that serve as a basis for mortgage-backed securities could improve the precision of performance projections of the loans undergirding them and, ultimately, those bond ratings by supplying more financial information about their holdings, according to Fitch Ratings.  The COVID-19 pandemic has, so far, generally affected renters more than

John Legend wants you to buy all of his house. The musician and his wife, former model Chrissy Teigen, listed their Beverly Hills home for $23.95 million after finding out they’re expecting baby No. 3. The Wall Street Journal first reported the listing. The couple, who already have 4-year-old daughter Luna and 2-year-old son Miles,

Green lending is back, thanks to record-low interest rates and other factors that allow borrowers to retain more loan proceeds and enjoy lower payments. In addition, the early response to COVID-19 interrupted the flow of commercial loans, leaving Fannie Mae and Freddie Mac behind on their respective $100 billion lending caps for 2020. The combination

That he sold a New York City condo earlier this year for almost $600,000 less than the not quite $6 million he paid almost six years ago didn’t seem to deter or affect “How I Met Your Mother” creator and showrunner Carter Bays’ ability to shell out more than $6.8 million, according to a well-sourced