[video_embed][/video_embed] The “treacherous B” is the put-up or shut-up period for property tech firms, awash in money but lacking a proven business model. Speaking at The Real Deal‘s 12th annual New York Showcase, MetaProp co-founder Zach Aarons said many prop-tech startups make it to the Series B funding stage because they’ve demonstrated they can raise […]
CIM Group lists part of its Miracle Mile office HQ
CIM Group Founders, Shaul Kuba, Richard Ressler, and Avi Shemesh and 4750 Wilshire Boulevard (Credit: Google Maps) In 2014, CIM Group paid Farmers Insurance Group around $91 million for a four-property office campus in the Miracle Mile district, setting up its headquarters there. Now, the investment firm wants to shed one of those properties. Los […]
Heirs unapparent: How RE firms plan — or don’t — for futures without the founder
One of the main criticisms of the 2020 presidential race could apply to the New York real estate industry as well: A lot of the key players are very old. Just as the quest to evict the 72-year-old Donald Trump from the Oval Office has been dominated by the likes of the 77-year-old Bernie Sanders, […]
Real Capital Analytics raises $115M to buy out Daily Mail Group Trust’s stake
Robert M. White, Jr., founder and president of Real Capital Analytics Real Capital Analytics, the data firm that tracks global commercial real estate sales and trends, secured $115 million in growth equity to fund expansion into overseas markets and buy out a minority stake owned by Daily Mail Group Trust. The investment included Series B […]
Blackstone just paid $18B in one of the largest real estate deals in history
Blackstone CEO Stephen Schwarzman (Credit: Getty Images, iStock) UPDATED: Monday, June 3 at 10:45 a.m. Blackstone Group is betting big on ecommerce with an $18.7 billion purchase of warehouse assets across the U.S., one of the largest industrial real estate deals in history. The properties span 179 million square feet overall, and Blackstone is buying them […]
The “original Hollywood” was in this Jersey town?
A rendering of the Barrymore Film Center and a photo from 20th Century Fox’s “Kiss of Death” (1947), which was filmed in Fort Lee (Credit: IMDB) Fort Lee, New Jersey isn’t known for its style and grace on the silver screen, but a new film center hopes to set the record straight. The town across […]