From left: London, Shanghai and Paris Every week, The Real Deal rounds up the biggest real estate news from around the globe. United Kingdom The future of the Tulip Tower has wilted. London Mayor Sadiq Khan denied approval for the controversial structure, which would have been nearly 1,000 feet tall. Starchitect Norman Foster and his firm, […]
Hackman just got more financing for its mega-expansion of Culver Studios
Deutsche Bank CEO Christian Sewing, Hackman Capital CEO Michael Hackman and a rendering of Culver Studios Hackman Capital Partners has secured more construction financing for its Amazon-leased Culver Studios expansion project. Deutsche Bank is providing an additional $30.2 million in funding for the creative office and studio project in Culver City, which Hackman broke ground […]
Michael Shvo partnership pays $130M for Beverly Hills development site
Bilgili Development’s Serdar Biligil and Michael Shvo with a rendering of 9200 Wilshire Boulevard (Credit: Facebook and Getty Images) Michael Shvo’s buying spree continues. For the latest, the New York developer and his partners paid $130 million for a Beverly Hills development site. The team is planning a 300,000 square foot residential and retail complex […]
What are the odds? Rare Las Vegas Strip casino hits the market
Blackstone Group CEO Stephen Schwarzman and the Cosmopolitan of Las Vegas (Credit: Getty Images and Wikipedia) The Cosmopolitan hotel and casino was one of the biggest failures of the Las Vegas Strip in the last decade. Now, five years after buying and reversing its fortunes, Blackstone Group is reportedly exploring a sale. The New York-based […]
Trump-Deutsche Bank ties a “bond born of necessity and ambition”: report
President Donald Trump and Deutsche Bank’s Rosemary Vrablic with Deutsche Bank headquarters at 60 Wall Street (Credit: Getty Images, Facebook, and Google Maps) Amid investigations by two congressional committees and the New York attorney general, Deutsche Bank officials have sought to downplay the bank’s ties to President Donald Trump. But a new report from the […]