Real estate News
Behind Rithm Capital’s $1.6B Deal to Buy Paramount Group
Rithm Capital’s deal to buy Paramount Group for $1.6 billion came as a bit of a surprise.After bids from Blackstone, SL Green and Empire State Realty Trust, it was Rithm, a lesser-known but still deep-pocketed asset manager with a focus on mo...
Realtor groups talk tech; lenders stress compliance
Welcome back to Tech Pulse — HousingWire‘s weekly series rounding up the latest in technology news, including tools, integrations and trends that impact mortgage and real estate. Here’s what happened this week: Florida...
Cain International’s One Beverly Hills Signs High-End Tenants
LOCAL DEK: HOMEPAGE HED: HOMEPAGE SUBHED (DEK): FOCUS KEYPHRASE: One Beverly Hills is still in its early construction phases, but developer Cain International secured some notable tenants for its retail portion. Fashion giant Dolce & Gab...
How Paris Hilton demonstrated an age-old accounting principle and why this matters for clients
Business theory IRL As I like to share with my MBA graduate students, the principles of our classes are not just theory. They have real-world (or, as my Gen. Z students say, IRL (in real life)) implications. Case in point: A reporter...
Steelwave, Steerpoint Buy SoCal Mall at Discount
Brookfield Properties has offloaded part of another shopping mall in California. The Toronto-based investment management firm sold The Shoppes at Carlsbad in a $71.5 million transaction, Commercial Observer reported. A joint venture between Lo...
Annual assessment increase for DFPI mortgage licensees
Why this matters: Declining DFPI licensee numbers, and the fees they charge, means the remaining individuals need to pick up the slack — with their wallets. DFPI licensees conducting mortgage-related activity will need to earmark $15,000 in t...
RXR Sells Standard Motors Product Building at Deep Discount
In RXR’s “Project Kodak,” Scott Rechler has been dividing his portfolio between outdated “film” assets and modern “digital” assets. Therefore, it should come as no surprise that a building with the Kodak Film Lab as a tenant fit i...
DJ Calvin Harris says he lost $22.5 million in high-profile Hollywood real estate development
Scottish DJ and record producer Calvin Harris has fallen out with his business manager Thomas St. John to the tune of $22.5 million over funding for a large-scale real estate development in the heart of Hollywood.The $500-million mixed-use pro...
