Tag: Media

It’s A Hot Summer For Landlords, As Prices Continue To Bounce Back
By: Date: December 18, 2021 Categories: Business,Editors' Pick,Media,Real Estate,Uncategorized Tags: , , ,

Rental activity is surging in many parts of New York City. Getty The median rental price in Manhattan rose sharply last month, according to newly released data from Douglas Elliman. Net rents in the borough jumped 8.8% compared to April, while in Brooklyn prices increased by a comparatively modest 1.1%. Prices in both boroughs are…

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Smart-Lock Startup Latch Rides SPAC Frenzy To $1.5 Billion Valuation
By: Date: December 11, 2021 Categories: Business,Editors' Pick,Media,Real Estate,Uncategorized Tags: , , ,

Smart-lock maker Latch began trading on Monday. Latch Smart-lock startup Latch began trading Monday through a SPAC listing that raised $453 million and values the company at over $1.5 billion. The shares, issued through a special purpose acquisition vehicle run by Tishman Speyer Properties, rose 4% on the first day of trading.  “Using the Tishman…

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Real Estate Startup Homeward Raises $371 Million, Landing Valuation Above $800 Million
By: Date: November 14, 2021 Categories: Business,Editors' Pick,Media,Real Estate,Uncategorized Tags: , , ,

Homeward CEO Tim Heyl Homeward Real estate financing startup Homeward completed a $371 Million Series B round that values the three-year-old business at more than $800 million. The round, which included $136 million of equity funding and $235 million in debt financing, comes as continued demand for housing has led to a boom in all-cash…

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Bidding Wars And Broken Promises: New York City’s Rental Market Bites Back
By: Date: November 10, 2021 Categories: Business,Editors' Pick,Media,Real Estate,Uncategorized Tags: , , ,

Areas of New York City are experiencing extreme competition for apartment rentals. Getty For a few short months, it looked like renters in New York City were finally getting their revenge. After years of facing exorbitant broker fees, questionable landlords and cutthroat competition for highly priced tiny places, the pandemic flipped the script. Suddenly, panicked…

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Barron Hilton’s Historic Bel Air Estate Sells For $61.5 Million
By: Date: October 22, 2021 Categories: Business,Editors' Pick,Media,Real Estate,Uncategorized Tags: , , ,

Exterior of Barron Hilton’s Bel Air estate. Hilton & Hyland After 60 years, the Hilton family’s historic Bel Air estate has finally changed hands. According to records posted to the Multiple Listing Service, the property sold for $61.5 million, below its $75 million listing price, but still good enough to mark one of the biggest…

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The World’s Largest Public Real Estate Companies 2021
By: Date: October 7, 2021 Categories: Business,Editors' Pick,Media,No Paywall,Real Estate,Uncategorized Tags: , , , ,

Thirty-one real estate companies made The Global 2000 list this year. Getty Global real estate firms rebounded this year, as the panic of the pandemic’s early days appears to have cooled. Of the 31 real estate firms on The Global 2000, Forbes’ annual ranking of the world’s largest and most impactful public companies, more than…

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Low Prices, Record High Demand: New York City’s Rental Boom Continues
By: Date: October 6, 2021 Categories: Business,Editors' Pick,Media,Real Estate,Uncategorized Tags: , , ,

Lease signings continue to surge across New York City. Getty Last month, the median rental price in Manhattan by 4% compared to March, the first dip in five months, according to new data from Douglas Elliman Real Estate and Miller Samuel. Those deals, as well the city’s continued reopening, helped push the number of new…

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Another Eight-Figure Pocket Deal: Patriots Owner Robert Kraft Snags $43 Million Hamptons Mansion
By: Date: September 18, 2021 Categories: Business,Editors' Pick,Media,Real Estate,Uncategorized Tags: , , ,

Robert Kraft is the reported buyer of a $43 million mansion in the Hamptons. Google Maps New England Patriots owner Robert Kraft is reportedly the buyer of a $43 million mansion in Southampton, New York, closing on what appears to be his most expensive home through a private, off-market transaction.  Such closely held deals, called…

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Why The Rock Paid $28 Million For A Home Through A ‘Pocket Listing’—And Many Others Are Too
By: Date: September 5, 2021 Categories: Business,Editors' Pick,Media,Real Estate,Uncategorized Tags: , , ,

Dwayne ‘The Rock’ Johnson closed on a $27.8 million off-market home in April. RB/Bauer-Griffin/GC Images On Manhattan’s Billionaires’ Row, just off Central Park, a luxury four-bedroom residence is up for sale. Featuring ten-foot ceilings, four-and-a-half bathrooms and an eat-in kitchen, the unit also includes 24-hour concierge service. The catch? Good luck finding it on the…

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Stephen Schwarzman Got $5 Billion Richer In 7 Weeks Amid Dealmaking Blitz
By: Date: August 26, 2021 Categories: Business,Editors' Pick,Media,Real Estate,Uncategorized Tags: , , ,

Stephen Schwarzman speaks during a television interview in 2019. Roy Rochlin/Getty Images The fortune of Blackstone CEO Stephen Schwarzman reached a record high of $26.8 billion this week, as the soaring share price of the private equity firm he cofounded has added $11 billion to his net worth in the past year. Schwarzman was listed…

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