Real Estate

Over the years, flamboyant British interior designer Martyn Lawrence Bullard has worked on homes across the globe for celebrities that span the demographic gamut — from the Kardashians to Cher, from Ozzy Osbourne to members of the Saudi royal family. But one of his favorite projects might be located in Malibu, where the longtime fan

When he was planning for 2020, Tom Shapiro, President, founder and CIO at GTIS, expected a lot of headwinds. What he (and everyone else) got was a full-blown pandemic that has some people mentioning the word depression. “Nobody could have predicted COVID and a complete shutdown of the country,” Shapiro says. “But there were a

In order to minimize risk for consumers and professionals alike, properties across all sectors have implemented certain regulations and temporary restrictions throughout the on-going COVID-19 pandemic. Among the various spaces implementing precautionary measures, medical properties have endured the most drastic and imperative modifications. As restrictions from entering healthcare facilities quickly progressed and patients increasingly avoided

Jeffrey Epstein’s Manhattan townhouse and Florida mansion have hit the market — with a combined asking price of $110 million, according to a new report. The dead pedophile’s Upper East Side townhouse at 9 E. 71st St. is listed at $88 million, while his waterfront estate in Palm Beach will ask $21.995 million, the Wall

At the end of each year, The Boulder Group surveys to get a sense of what they expect in the year ahead. With COVID-19 throwing the global economy into a tailspin, the firm decided to send out the survey early.  “The majority of the time, at least in the last ten years, we’ve done different

Extreme method actor, budding filmmaker and avant-garde performance artist Shia LaBeouf significantly upgraded his residential circumstances earlier this year — a bit more on that in a minute — and has, thus, unsurprisingly hoisted his longtime home in the upscale foothills above Sherman Oaks, Calif., up for sale with a price tag of $2.25 million.

Navitas Captial, a venture capital firm focused on real estate technology and innovation has invested $6.5 million in Series A financing in an artificial intelligence-powered leasing agent software that currently streamlines leasing processes for over 250,000 multifamily communities.  The company, MeetElise, was founded in 2017 by Minna Song of MIT and Tony Stoyanov of the University

Want to continue reading?Become a Free ALM Digital Reader. Once you are an ALM digital member, you’ll receive: Unlimited access to GlobeSt and other free ALM publications Access to 15 years of GlobeSt archives Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications 3 free articles* across the ALM subscription

The COVID-19 exodus has driven Hamptons real-estate prices to record highs. The Hamptons’ median sales price jumped 27.1 percent to $1.08 million during the second quarter of 2020, according to the July 23 Elliman Report, up from $850,000 over the same period in 2019. Breaking into the six figures, it is the highest median sales

COVID-19 and its accompanying economic fallout have weakened investors’ appetite for purchasing senior housing to a record-low, according to a new report. Only 59 senior housing and care acquisitions were publicly announced in Q2 2020, the first time deals have dropped below 60 transactions since Q2 2013, based on data collected by Irving Levin Associates

James Bond may have a license to kill, but the actor who famously played him in the 1950’s and ‘60’s lived in a stunning mansion that was definitely licensed to thrill. Sean Connery’s palatial spread on the French Riviera was owned by the legendary actor in the mid-‘70s and is now available through Knight Frank

Welcome to our 2020 edition of Women of Influence. As we have been doing for many years now, we have based our selection of nearly 200 candidates on such criteria as career achievements, community outreach and mentorship within the industry. And as we experienced in previous years, we found it hard, to say nothing of

The COVID-19 pandemic has shined an intense spotlight on the design of our cities, and has subsequently emphasized areas in which design is lacking. When citizens are unable to congregate indoors or utilize public transportation, we begin to uncover pain points that were previously overlooked within our cities. Though the pandemic has been challenging, it

You could even forget you’re in New York. An apartment on Manhattan’s Pomander Walk — a secret street that’s off the city’s standard street grid — has just hit the market. The quaint Upper West Side enclave, tucked away between Broadway and West End Avenue and West 94th and 95th streets, is lined with just

NEW YORK CITY—KKR has announced the final closing of KKR Real Estate Credit Opportunity Partners II with $950 million in committed capital. The fund will invest in the junior tranches of new issue conduit CMBS, or in other words, the B-piece, which is the riskiest part of the stack.  KKK has invested more than $1.25

Senator Kelly Loeffler and her husband, New York Stock Exchange owner Jeff Sprecher, have added to their already noteworthy collection of personal residences with the $5.3 million purchase of a Los Angeles estate. The all-cash transaction closed earlier this month, according to records, and the house was technically acquired by the Atlanta-based couple’s family trust.

As COVID-19 shutters many restaurants around the country, one company is exploring opportunities to acquire vacant or closed restaurants and bars with kitchen space. Cordia recently launched a division called Virtual Dining Brands to consolidate its virtual concepts. The company’s virtual restaurants are intended to scale aggressively. The company already has two active online restaurants—Vegas.Pizza

Commercial real estate tenants are expecting and waiting for rents to drop. The industry is notoriously slow in responding to new market conditions, and most active players in the market, and either side of the table, are expecting pricing to come down over the next six to 12 months. “Over the past few months, I

And if you threw a housewarming party and invited everyone you knew. Well, now you can. The home from the still-popular television series “The Golden Girls,” which is also known for its catchy theme song, will soon hit the market for almost $3 million, reports The Wall Street Journal. Though the show is set in

A surge in homebuilders’ confidence this month for new home demand could indicate the housing market will contribute to a post-Covid economic recovery, according to new data from the National Association of Home Builders Builder confidence in the market for new, single-family homes jumped 14 points to 72 in July, according to the Housing Market

Canadian HGTV stars Jonathan and Drew Scott have been investing in real estate for well over two decades, beginning with a modest $200,000 cottage they bought directly out of high school. Property records now reveal the 42-year-old identical twins, whose elephantine “Property Brothers” home-improvement empire encompasses several TV shows, web series, and original music, have

A partial economic rebound tied to states reopening businesses as they deal with COVID-19 has fueled a surge within the housing industry, according to Fannie Mae. Data for May shows unexpected strength in the housing market, a trend that’s expected to continue into June and July, Fannie Mae said. May sales fell 9.7% over the

Nicole Kidman and Keith Urban have added a Manhattan pied-à-terre to their international real estate collection. The actress and country music singer’s main residence is their Nashville, Tenn., mansion, but the celebrity couple also has homes in Los Angeles and their native Australia. Now they are buying a two-bedroom apartment at 108 Leonard St. for

Veteran television writer, comedic actress, and talk show host Robin Thede has upgraded to a new home in Los Angeles, public records reveal. “The Rundown with Robin Thede” alum, whose stint on “The Nightly Show with Larry Wilmore” made her the first Black woman head writer for a late-night talk show, has settled in the

Even city dwellers with second homes are going stir-crazy with cabin fever, locked down in the Hamptons since March. Many are taking “crazy COVID money” — in the six and seven figures — from renters escaping NYC and heading to locations even farther afield. Like Maine. Enter Noah Gordon, co-owner of House Island, which was

For the first time since it was constructed in 1952, famed architect John Lautner’s so-called Harry and Pauline Williams Residence has officially hit the market with a $1.895 million price tag. Sited just below the iconic Hollywood sign in one of Tinseltown’s most celeb-popular neighborhoods, the modestly sized 1,600-square-foot villa has three bedrooms and two full

Whad’ya know: The rent was too damn high. Manhattan rents have dropped for the first time since 2010, according to a new study. The July 16 report from real-estate listings site StreetEasy, which analyzed property prices during the second quarter of 2020, attributed the first year-over-year decrease in 10 years to the lack of demand

In a deal that shows the continuing strength in certain parts of the net lease sector, 17 7-Eleven  properties on 17.373 total acres sold to a private buyer for $71.5 million.  Camille Renshaw, CEO and Founder of B+E, the brokerage firm that announced the sale-leaseback deal on Wednesday, July 15, couldn’t reveal the private fund

A 1928 French chateau-style estate on one of Hancock Park’s most prime corner lots has become available with a $13.5 million ask. Morrie and Gale Tobin, the regal home’s longtime owners, are not Hollywood celebrities, though they have a notable connection to one of the most fascinating and widely-publicized scandals to emerge in recent years.

While reopening plans have been put on hold for the foreseeable future, office owners are continuing to make plans to welcome employees back to work. The logistics are vast and include everything from creating touchless spaces; sanitizing common areas and addressing shared amenities. While social distancing makes shared building amenities challenging, amenities will remain an