Billionaire Shutterstock founder pays $42M for Miami Beach mansion, marking record

Jon Oringer and 4358 North Bay Road (Getty, Realtor)
Jon Oringer and 4358 North Bay Road (Getty, Realtor)
Billionaire Shutterstock founder pays $42M for Miami Beach mansion, marking record

À votre santé: Former Moët Hennessy CEO sells Bay Harbor Islands home for $8M

Christophe Navarre and 9440 W Broadview Drive (Linkedin, Redfin, LVMH)
À votre santé: Former Moët Hennessy CEO sells Bay Harbor Islands home for $8M

Spec home developer Eddie Irvine buys Venetian Islands lot

Eddie Irvine with 1061 N Venetian Drive and 1350 S Venetian Way (Getty, Realtor)
Spec home developer Eddie Irvine buys Venetian Islands lot

Arkadia buys cold storage warehouse in Allapattah for $5M

1930 Northwest 23rd Street with (from left) Shane Neman, Richard Kilstock and David Aaron (Getty, Arkadia, Neman Ventures)
Arkadia buys cold storage warehouse in Allapattah for $5M

WeWork eyes another IPO effort

Sandeep Mathrani (WeWork)
WeWork eyes another IPO effort

Latest News

Jeff Bezos (Getty, iStock)

“We are erring on the side of having too much capacity”: Amazon reports massive Q3

How much capacity is too much? For Amazon, the limit doesn’t exist. At least not yet. The e-commerce giant...

“We are erring on the side of having too much capacity”: Amazon reports massive Q3
Bob Sulentic (Getty, iStock)

CBRE income falls nearly 10%

CBRE’s income fell nearly 10 percent during the third quarter as the pandemic forced large office tenants to put their leasing decisions on hold. Income for the world’s largest real estate services firm fell...

CBRE income falls nearly 10%
 Stefano Santoro, Miguel Pinto and Martin Bravo (Apex)

Stefano Santoro sues ex-brokerage over email list, alleges stolen trade secrets

A Miami commercial broker is suing his former firm, alleging the company illegally accessed his email account and list...

Stefano Santoro sues ex-brokerage over email list, alleges stolen trade secrets
Caliber Home Loans CEO Sanjiv Das and AmeriHome CEO Jim Furash (Photos via Caliber Home Loans; AmeriHome; iStock)

Two mortgage companies delay IPOs amid market volatility

Some mortgage companies are getting skittish about recent market volatility and have delayed plans to go public. Caliber Home...

Two mortgage companies delay IPOs amid market volatility
Zillow's Rich Barton (iStock)

Zillow cuts 80 jobs from iBuying biz

Zillow has cut 80 jobs from its home buying and selling business, despite its big bet on the burgeoning sector. The real estate giant doesn’t disclose how many of its 5,300 employees work for...

Zillow cuts 80 jobs from iBuying biz
Kris Jenner and Khloe Kardashian both bought homes in the Hidden Hills (Getty)

Kris Jenner and Khloe Kardashian buy mansions on land once owned by Woodbridge Group

Kris Jenner sold her Hidden Hills mansion earlier this year, but she isn’t leaving the area. The Kardashian family...

Kris Jenner and Khloe Kardashian buy mansions on land once owned by Woodbridge Group
Yonder Alonso and 7263 Southwest 53rd Court (Getty)

Baseball player Yonder Alonso sells Coral Gables home

Baseball player Yonder Alonso, who is now with the San Diego Padres, sold his Coral Gables home for $3...

Baseball player Yonder Alonso sells Coral Gables home
Essex Property Trust president Michael Schall (Photo via Nareit)

Essex Property’s tenant concessions help drive down Q3 earnings

Essex Property Trust, one of the largest apartment owners on the West Coast, reported double-digit declines in funds from...

Essex Property’s tenant concessions help drive down Q3 earnings
Michael Shvo and the Transamerica Building in San Francisco and  (Unsplash)

Shvo, Deutsche Finance close on Transamerica Pyramid for $650M

A group led by Michael Shvo’s eponymous firm and Deutsche Finance America has closed on the purchase of the...

Shvo, Deutsche Finance close on Transamerica Pyramid for $650M
Christophe Navarre and 9440 W Broadview Drive (Linkedin, Redfin, LVMH)

À votre santé: Former Moët Hennessy CEO sells Bay Harbor Islands home for $8M

The former chairman and CEO of Moët Hennessy sold his Bay Harbor Islands waterfront home — with a wine...

À votre santé: Former Moët Hennessy CEO sells Bay Harbor Islands home for $8M
The decline in contract activity may signal a drop in sales in the coming months (iStock)

Pending homes sales dipped in September

After four months of growth, the number of U.S. homes going into contract declined in September, indicating a slowdown in homebuyer demand. A National Association of Realtors index of pending home sales dropped 2.2...

Pending homes sales dipped in September
Jon Oringer and 4358 North Bay Road (Getty, Realtor)

Billionaire Shutterstock founder pays $42M for Miami Beach mansion, marking record

Shutterstock’s founder has more picture-perfect sunsets in his future. Jonathan Oringer, the billionaire businessman who founded the stock media...

Billionaire Shutterstock founder pays $42M for Miami Beach mansion, marking record
Simon Property Group’s David Simon and Brookfield’s Ric Clark (Getty, iStock)

Simon and Brookfield finalize terms of J.C. Penney buy

Simon Property Group and Brookfield Asset Management have finalized the terms of their acquisition of J.C. Penney. The companies...

Simon and Brookfield finalize terms of J.C. Penney buy
Sandeep Mathrani (WeWork)

WeWork eyes another IPO effort

Like many around the world, WeWork is looking to forget this year and pick up where it left off in 2019. The office-space company is going to revisit plans for an initial public offering...

WeWork eyes another IPO effort
Eddie Irvine with 1061 N Venetian Drive and 1350 S Venetian Way (Getty, Realtor)

Spec home developer Eddie Irvine buys Venetian Islands lot

Two Venetian Island lots less than a mile apart sold to different buyers for a total of $11.4 million,...

Spec home developer Eddie Irvine buys Venetian Islands lot
Up to 100 IHOP restaurants could close, said parent company Dine Brands Global, after third-quarter sales fell 19 percent. (Getty)

Battered IHOP could close up to 100 restaurants

In these times, even pancakes can’t cheer us up. The parent company of IHOP restaurants said sales fell 18.7...

Battered IHOP could close up to 100 restaurants
CBRE CEO Robert Sulentic and the Dallas HQ building at 2100 McKinney Avenue in Texas (CBRE; Google Maps)

CBRE moving HQ from LA to Dallas

CBRE is trading in its Cali-cool shades for a pair of cowboy boots. The world’s biggest real estate services firm is moving its headquarters from Los Angeles to Dallas, the Dallas Morning News reported....

CBRE moving HQ from LA to Dallas
1930 Northwest 23rd Street with (from left) Shane Neman, Richard Kilstock and David Aaron (Getty, Arkadia, Neman Ventures)

Arkadia buys cold storage warehouse in Allapattah for $5M

Arkadia Property Group paid $5.3 million for a cold storage warehouse in Allapattah, leased to Nickey Gregory Co. Neman...

Arkadia buys cold storage warehouse in Allapattah for $5M

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