817 Vine Street, 1350 North Western Avenue, and Netflix CEO Reed Hastings (Credit: GettyImages) Netflix has signed two new leases for a combined 170,000 square feet of office space in Hollywood, The Real Deal has learned. The deals come on the heels of another major expansion, bringing the streaming giant’s footprint in the submarket up […]
The We Company files initial paperwork for an IPO
The We Company CEO Adam Neumann (Credit: Getty Images and iStock) The We Company, formerly known as WeWork, submitted a filing with the U.S. Securities and Exchange Commission that would allow it to go public, the company announced in a press release. Adam Neumann, the company’s CEO, said he had been celebrating his birthday when […]
Marriott to enter home-sharing business
Marriott CEO Arne Sorenson (Credit: Getty Images, Marriott) Marriott will take on Airbnb and other home-sharing companies by starting a new home-rental business of its own. The company —which owns the Ritz-Carlton, Sheraton and W Hotels brands — could unveil details about the plan by next month, according to the Wall Street Journal. It has already […]
Centerbridge could make a splash with potential sale of Great Wolf water parks
Great Wolf is set to generate more than $300 million in earnings before interest, taxes, depreciation and amortization over the next 12 months (Credit: iStock) Centerbridge Partners is reportedly exploring selling its Great Wolf Resorts water park chain. The Chicago-based firm began considering a sale after receiving an unsolicited takeover bid that could be worth […]
Miami developer pleads guilty to EB-5 fraud, money laundering at failed Palm Beach hotel
Bob and Mia Matthews (Credit: PRWeb) Robert Matthews, the developer of the Palm House Hotel, pleaded guilty on Thursday in federal court to money laundering and tax evasion charges for defrauding foreign EB-5 investors in the Palm Beach condo-hotel project. Matthew’s wife Maria “Mia” Matthews also pleaded guilty Thursday to tax evasion in federal court […]
Ventas’ investments in research facilities pay off as senior housing market stalls
Debra Cafaro (Credit: iStock) With the senior housing market still dealing with a surge of new supply, Ventas posted a strong start to 2019 thanks to its investments in other sectors, including medical and research facilities. The Chicago-based REIT that specializes in senior housing and medical facilities posted growth in both net operating income and […]