Democratic U.S. vice presidential nominee and Senator Kamala Harris speaks at a drive-in campaign event in Las Vegas, Nevada, U.S., October 2, 2020. David Becker | Reuters Democratic vice presidential nominee Kamala Harris took part in a big-money fundraiser Friday that was hosted by real estate investment giant Related Companies and the executive chairman of
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Blackstone Real Estate Partners VIII and co-investors have agreed to sell BioMed Realty for $14.6 billion to a group led by existing BioMed investors.  BioMed is the largest private owner of life science office buildings in the US with a 11.3 million square foot portfolio concentrated in Boston/Cambridge, San Francisco, San Diego, Seattle and Cambridge UK..
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Fitness membership? Check. Streaming account? Of course. Meal kit service? Sure. How about your hotel subscription? Whether for pleasure, work, or long-term lodging, hospitality operators are hoping on-demand stays could be your next must-have membership as the embattled travel industry tries to expand its reach. InterContinental Hotels Group, Marriott and Accor are among the major
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Yet another showbiz star has joined the well-monied folds of celebrities living in L.A.’s Encino neighborhood — records reveal Steelo Brim has shelled out $4.2 million for a transitional-style mansion in the celeb-studded San Fernando Valley enclave. The “Ridiculousness” host’s new home weighs in at a substantial 6,000 square feet, with five bedrooms and seven
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The fitness industry has struggled during COVID-19. In May, five of the strongest national brands saw visits down an average of 84.5% year over year, according to Placer.ai. But as the pandemic now stretches past six months, gyms are beginning to mount a modest comeback. It turns out being stuck at home has increased people’s
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Now that we’ve entered a period of economic turbulence, distressed funds are raising record levels of capital this year. Usually, distressed funds perform well during certain economic conditions, including when monetary conditions have been dramatically eased and when high-yield debt issuance is high, according to a report on crisis-era distressed debt returns by Julian Falcioni
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Model Katrin Thormann and her husband, Compass broker Nick Gavin, are listing their Manhattan duplex for $2.69 million. Gavin and Thormann paid $2.57 million for the loft-like apartment, which has two bedrooms and 2½ bathrooms, in 2016. The 1,601-square-foot fifth- and sixth-floor loft comes with a home office and a modest $1,467-a-month maintenance fee. Striking original details
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Is it possible to buy real estate with no money? . Whether it’s wealth, health or relationships, every area of life has it’s myths. Myths that sell certain ideas and concepts that everyone knows about and thus are considered to be a fact, while there is no solid evidence to support it, which means you
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The amount of sublease space on the market has been growing since the pandemic began.  In a recent report, CBRE said direct leasing activity in the second quarter of 2020 declined 85% compared to the same quarter in 2019. “That is a dramatic number,” says Withers Attorney Steve Wilson. “It doesn’t address subleases, but it
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Home prices in newly built communities are outpacing pricing trends from 2019. According to data from Zonda, 56% of new home communities raised prices in July, while only 39% of new home communities increased pricing in July 2019. Phoenix, Denver, Las Vegas, Sacramento and Riverside are epicenters for new home construction an increased pricing. “The
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