Blackstone Makes $14.6 Billion Deal For BioMed Realty
Blackstone Real Estate Partners has agreed to sell BioMed Realty for $14.6 billion to a group led by existing BioMed investors. Blackstone has also paid $275 million (roughly $770 per square foot) for two buildings More...
World`s Five Largest Hotel Chains Lost $25.2 billion in Market Cap Amid Coronavirus Crisis
The coronavirus outbreak has affected every sector across the globe, but the hotel industry is among the hardest hit. Although hotels implemented increased safety and sanitation measures and cautiously reopened More...
Selling Real Estate Online
By Contributing Author The real estate industry, like many others, has changed dramatically over the last decade. Since the dawn of the internet and the rise of social media, there has been a huge paradigm More...
Beny Alagem Plans a $2-billion condo-hotel complex in Beverly Hills
Beny Alagem announced in 2018 the first partnership between Alagem Capital Group and Jonathan Goldstein’s Cain International. The investment partnership with Cain International, a diversified real estate More...
Paper magnate Bob Grossman inks deal for $12.2 million condo
Paper tycoon Bob Grossman and his wife Lynne purchased unit The Bristol, a 25-story, 69-unit luxury tower at 1100 South Flagler Drive for $12.2 million. According to Gwinnett Daily Post, brothers Bob and Steven More...
German Adler Real Estate acquires Israeli IDO Group for $796 Million
German real estate firm Adler Realestate acquires Israeli IDO Group for NIS 2.8 billion (€ 722 million). IDO Group trades in Israel and owns (38%) subsidiary DJ Properties operating in the Berlin rental market. For More...
Huge Exit for Yakir Gabay in Germany: TLG Acquires 10% of AroundTown for $1.14 Billion
A real estate deal between two Israelies in Germany brings one of them, Yakir Gabay, to list one of the biggest exits of an Israeli developer of all time. German real estate firm TLG Immobilien AG, acquired More...
Israelis are America’s eighth-largest foreign investors in real estate
Israelis are America’s eighth-largest foreign investors in the real estate market, according to a comparative report by the business services firm JLL, which specializes in real estate and investment management. Since More...
Gary Barnett’s World’s Tallest Residential Tower sells $60-95 Million a unit
Gary Barnett‘s real estate firm Extell Development announced the launch of sales for Central Park Tower, the tallest residential building in the world. The tower on famed Billionaire’s Row located on More...
The feds have frozen Russian oligarch Oleg Deripaska assets in the US
The feds have frozen Oleg Deripaska, the aluminum billionaire and Russian oligarch assets in the US, The Post reports. US officials told The Post Deripaska is close both with Russian president Vladimir Putin More...