“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...
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
Spec home developer Eddie Irvine buys Venetian Islands lot
Arkadia buys cold storage warehouse in Allapattah for $5M
Latest News
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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,...
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...
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....
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...