Real Estate

Arguably experiencing more drastic highs and lows than any other commercial real estate sector as of late, is the senior housing market. Desiring active lifestyles, downsizing and high-tech amenities, seniors’ demand for updated, luxury senior living developments generated almost immediate results from investors and developers in recent years. While industry stakeholders complied to the increasing

When Beth Starr purchased her Westchester County house in 2003, she loved the wooden beams, stone walls and manicured grounds. But now that she has listed her English manor-style property in Pelham, NY, for nearly $1.6 million, she’s found buyers find another detail appealing: the built-in bar. What was once a bonus amenity has become

While the late summer might see a pause in net lease transactions, Camille Renshaw, CEO and Founder of B+E, thinks there is still plenty of interest from large institutional investors. B+E recently did a series of calls with investors. Renshaw says her smallest client on the calls had $250 million in dry powder, the largest

Not even a year ago, dashing 38-year-old retired Formula One race car driver Jenson Button, engaged about two years ago to former Playboy model Brittny Ward, ponied up $8.7 million for a not-yet-completed mansion on leafy, little-known canyon cul-de-sac just north of L.A.’s fearsomely upper-crust Bel-Air Country Club. Now completed and dressed up in high

The global chief economist for commercial real estate giant CBRE says he’s optimistic about the long-run outlook for the office sector in spite of businesses’ rapid adoption of technology that facilitates remote meetings. In a recent podcast conversation, Richard Barkham told host Spencer Levy that while the near-term prospects for the asset class are dim, he’s confident

Avison Young is expanding its investment platform in the US, and the firm has tapped Troy Jenkins as principal and director of investment management to lead the expansion of the platform. Jenkins will be based in Los Angeles, bringing more than 30 years of experience in investment banking and commercial real estate with experience at

Bradley Cooper has spent part of the pandemic in a house on Sasco Hill Road in Southport, Conn., according to our spies and local reports. During his time there earlier this summer, the actor was spotted at several Fairfield County restaurants, including Bartaco in Westport (where he was having lunch with Brad Pitt and Leonardo

Nuveen Real Estate has raised an additional $500 million across its US Cities Multifamily Fund and US Cities Industrial Fund. Since its launch, the US Cities Multifamily Fund has raised $1.02 billion from eight investors, including $327 million raised in its most recent closing from institutional investors in the US and abroad. “We continue to

Media power couple Rich Bressler, President/COO/CFO of iHeartMedia, and Lisa Gersh, co-founder of the Oxygen network, have listed their designer-done three-bedroom and 3.5-bathroom high-rise condo in New York City’s historic and charming West Village at $7.95 million. Alas, even with a full-price sale, which could be difficult given the sluggish Manhattan market, once improvement expenses,

In September 2019, the Federal Housing Finance Agency (FHFA) overhauled its system of multifamily caps, simplifying its structure and setting targets for Fannie Mae and Freddie Mac of $100 billion each for the next five quarters. Two months later, Freddie Mac asked Rich Martinez to play a major role in guiding the agency to those

Innovation lightbulb. Laurie Lustig-Bower, CBRE, Los Angeles Lustig-Bower is an executive vice president at CBRE and founder/leader of Team Lustig-Bower, a group of eight professionals that specialize in the sales of apartment buildings, condominium conversions/reversions, and land for development of multi-housing properties. In the past sixteen years, team Lustig-Bower has handled over $10 billion in

Pierre Lepage and Nelly Gonzalez-Lepage had always wanted to live in New York. So when Nelly was applying for residency programs last fall, which would dictate where the Chicago-based couple moved come summer 2020, it felt natural to place a Big Apple hospital at the top of her list. The word that the 34-year-old doctor

After almost a year on the market, Los Feliz’s historic Van Griffith estate has found a new owner. Software heiress-turned-filmmaker and producer Megan Ellison, founder of Annapurna Pictures, has officially handed over the keys of the pedigreed spread to venture capitalist Blake Bartlett. The charming compound — which Ellison never used as her own private

July was a busy month for Walgreens Boots Alliance. On Tuesday, July 7, 2020, the company announced a $1.0 billion investment into VillageMD, which by itself would have been big news. However, they also indicated that as part of the investment, Walgreens would be opening 500 to 700 physician-staffed clinics inside their locations across 30

In this environment, office and retail landlords should probably work with tenants when they need a break with rent. But Jeff Lerman, co-founder of Lerman Law Partners, LLP, says they shouldn’t give away the farm. “One of the biggest mistakes is that the landlord feels like they have no choice but to give the tenant

Traditionally corporate real estate costs represent nine to 12 percent of a total company cost base. But as concepts like work from home and spoke and hub gaining traction as COVID-19 lingers, Joe Brady, CEO Americas for The Instant Group, a workspace innovation firm, sees an opportunity for some firms to bring those costs down

Don’t judge a book by its cover — and don’t judge a home by its facade. But what if the house itself resembles nothing more than a facade? In the Chicago suburb of Deerfield, an unusual-looking skinny home sold on Friday for $260,000, down slightly from its $269,900 list price. Just 3 feet wide on

Powerhouse film and television screenwriter and producer Kevin Williamson has celebrated his screaming showbiz success with the $17 million purchase of a newly constructed mansion in one of the most thickly celebrified neighborhoods in Beverly Hills. Forbidding by the standard of mere financial mortals, the sale price is none-the-less well below the last asking price

Tony Liou During this pandemic-induced recession, many investors are pausing to reflect on their business strategy and taking time to invest in overhead projects and strategies to optimize assets in their portfolio.  Three of the key areas investors are targeting for improvements are energy, sustainability and resiliency, often as part of a broader commitment to

Over the past few months New York-based IAC has accumulated a 12% stake in global hospitality and entertainment company MGM Resorts International for $1 billion.  MGM Resorts is a leader in leisure, hospitality and gaming, but IAC is zeroing in on an area that comprises a tiny portion of its revenue—online gaming, according to Barry

Call it the coronavirus terminator. A luxury high-rise in Miami has announced it has opened its doors to a COVID-19-killing robot. Paramount Miami Worldcenter has “employed” the Xenex LightStrike UV ray robot, which uses bursts of ultraviolet light to destroy the coronavirus — claiming it’s the first residential skyscraper in the country to do so.

Despite the fact that Covid-19 has put a major damper on in-person concerts, veteran rocker Jon Bon Jovi is still keeping the money rolling in through his house flipping side hustle. In 2018, the silver-maned singer dropped $10 million on an ocean-view home in mega-posh Palm Beach, Fla., that he promptly razed and replaced with

Retail rents are a big question mark today. As we head into late summer, tenants are beginning to request lease modifications and concessions, but rents have yet to falter. At some point that will change, but predicting where rents are heading is challenging, largely because there is a double market with essential and non-essential tenants.

Deal activity in commercial real estate is rebounding, according to the fourth monthly survey by NAIOP. An increase to 92.6 percent of respondents witnessed industrial properties acquisitions, compared to 70 percent in June. However, about 52.2 percent of respondents say they witnessed no deals in office properties in the last three weeks. Deals in the

While Manhattan’s luxury real estate market is struggling these days, one top broker is shilling a property in New Zealand. Ryan Serhant of Nest Seekers International, who shot to fame as broker to the ultra-wealthy in Bravo TV’s series “Million Dollar Listing New York,” is pitching a “billionaire’s retreat in COVID-free New Zealand,” according to

COVID-19 continues to stir the home real estate market and upset the plans of homeowners. Despite the uncertainty in the overall economy, though, demand for homes is remarkably strong. “Somewhat counterintuitively, the coronavirus-driven recession is propping up the housing market,” said Daryl Fairweather, chief economist for real estate brokerage company Redfin. “Homebuyer demand is surging

Adam Neumann, ex-CEO of workspace-sharing behemoth WeWork, is ditching luxury real estate properties almost as fast as tenants are vacating desks at his embattled former company. The latest of his lavish homes to be jettisoned from his and his wife Rebekah Neumann’s flailing financial portfolio is a fantastically secluded and self-contained, nearly 11-acre hilltop estate

This year was supposed to have set a record in real estate construction, particularly in the apartment sector, until the onslaught of COVID-19 stalled construction projects as the economy shut down, according to Moody’s Analytics. But while a number of developments have stalled, and some have been canceled,  many not-yet-completed real estate construction projects will

The coronavirus, which has changed personal behavior and frozen a great deal of social and economic activity, has also reduced the movement of people, slowing real estate markets, according to a new report from a professional organization. It’s also likely to transform the way real estate markets work for years to come, according to a

The ultra-rich are buying multiple quarantine mansions in the Hamptons for the “long term,” as Gov. Andrew Cuomo is begging them to come back to New York City. The Hamptons real estate market is seeing a recent trend known as “compounding,” in which people snap up two — or even three — seven- and eight-figure