David Geffen sells “Billionaires Row” dev site for $34M

David Geffen and 1169 N. Hillcrest Road (Getty, Google Maps)
David Geffen and 1169 N. Hillcrest Road (Getty, Google Maps)
David Geffen sells “Billionaires Row” dev site for $34M

Pending home sales fall again as prices continue to rise

Second monthly decline in contract activity signals looming decline in U.S. home sales (iStock)
Pending home sales fall again as prices continue to rise

Alliant Capital, Strategic Realty propose 148-unit complex in Canoga Park

Strategic’s Edward Lorin and Alliant’s Shawn Horowitz with the property (Linkedin, Alliant, Google Maps)
Alliant Capital, Strategic Realty propose 148-unit complex in Canoga Park

CBRE lowers SPAC IPO valuation target to $350M

CBRE CEO Robert Sulentic (iStock)
CBRE lowers SPAC IPO valuation target to $350M

Ryan Seacrest reaches for stars with $85M Beverly Hills listing

Ryan Seacrest and 1196 Cabrillo Drive (Getty)
Ryan Seacrest reaches for stars with $85M Beverly Hills listing

Latest News

Second monthly decline in contract activity signals looming decline in U.S. home sales (iStock)
National

Pending home sales fall again as prices continue to rise

In another indication of a potential slowdown in the country’s hot housing market, an index tracking pending home sales...

Pending home sales fall again as prices continue to rise
CBRE CEO Robert Sulentic (iStock)
National

CBRE lowers SPAC IPO valuation target to $350M

CBRE Acquisition Holdings, a blank-check company formed by CBRE Group, has lowered the target deal size for its upcoming...

CBRE lowers SPAC IPO valuation target to $350M
Issuance of single-asset/single-borrower (SASB) loans is likely to increase in 2021. Major assets like One Manhattan West, Hudson Pacific’s Hollywood studio portfolio, and the MGM Grand & Mandalay Bay were financed with SASB deals this year. (Photos via SOM, Shimahara Illustration, and iStock)
National Insights

Here’s what 2021 has in store for the CMBS market

After a hot start in the first two months of 2020, the market for commercial mortgage-backed securities came to...

Here’s what 2021 has in store for the CMBS market
The mirage of low interest rates
National Issue

The mirage of low interest rates

Record-low interest rates have created an unprecedented opportunity for homebuyers. That’s the party line in the residential industry. But that’s not how things are playing out on the ground. Many buyers have little chance...

The mirage of low interest rates
Spending outpaced foot traffic because shoppers purchased at the stores they did visit (Getty)
National

Retail foot traffic tanks on Black Friday

Foot traffic in stores on Black Friday was about a half of what it was last year. But the decline in spending at physical stores was not as bad, according to the Wall Street...

Retail foot traffic tanks on Black Friday
Airbnb CEO Brian Chesky (Getty; iStock)
National

Airbnb targets as much as $33B valuation for IPO

Airbnb executives plan to target a higher-than-expected valuation range of as much as $33 billion for its initial public...

Airbnb targets as much as $33B valuation for IPO
Former J. Crew CEO Mickey Drexler and 760 N Walnut Ave, Ketchum (Getty; Realtor)
National Weekend Edition

Former J. Crew CEO Mickey Drexler sells Idaho estate

Former J. Crew CEO Mickey Drexler sold his Idaho estate and a pair of neighboring lots for $11 million....

Former J. Crew CEO Mickey Drexler sells Idaho estate
Singapore (iStock)
National Weekend Edition

Singapore luxury market rebounds despite fewer foreign buyers

Singapore’s housing market has rebounded from the lows brought on by the pandemic earlier this year, even with fewer...

Singapore luxury market rebounds despite fewer foreign buyers
San Francisco (iStock)
National Weekend Edition

In remote work world, some tech CEOs are leaving Bay Area

Tech industry workers aren’t the only ones leaving San Francisco for new digs. So are their bosses. Several industry...

In remote work world, some tech CEOs are leaving Bay Area
The tax break allows foreign visitors to reclaim a sales tax of 20 percent on items bought in the country for more than £30 (Getty; Unsplash)
National Weekend Edition

UK tax break expiration could hurt struggling retailers

A popular tax break is expiring in the United Kingdom in January, threatening the country’s status as a shopping...

UK tax break expiration could hurt struggling retailers
Istanye Park in Istanbul (Photo via Wikipedia Commons)
National Weekend Edition

Turkish mall valued at $1B in deal with Qatar

Turkish investment giant Dogus Holdings AS has agreed to sell a 30 percent stake in a high-end Istanbul shopping...

Turkish mall valued at $1B in deal with Qatar

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