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Category Archives: RE News

Sabotage, secret cameras and intrigue: Inside the Barclay family’s feud over the London Ritz

A high-stakes drama worthy of a soap opera — complete with hidden cameras and big inheritances — is playing out with the Ritz Hotel in London as a backdrop. Twin billionaires Frederick and David Barclay bought the five-star hotel in 1995 for 75 million pounds. Now, the aging brothers and their respective children are feuding over the sale of the property. In the saga’s latest update, Frederick this week released hidden camera video footage allegedly

The post Sabotage, secret cameras and intrigue: Inside the Barclay family’s feud over the London Ritz appeared first on The Real Deal New York.

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This Canadian office giant has a strategy for a return to work

One of Canada’s biggest office landlords has dished on the precautions it’s taking as it prepares for a “measured” return of workers to its buildings. Cadillac Fairview Corp Ltd. owns and manages 80 properties in the country and is the landlord for some of Canada’s biggest banks. Canadian bankers can expect a much different environment when they go back to their offices, according to Bloomberg. For one, the firm is working with tenants to schedule

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Facing the music: Entertainment venues, restaurants weigh reopening options

As the U.S. and countries across the globe begin easing some restrictions on nonessential businesses, bars, restaurants and live entertainment venues face tough decisions. Some are planning to open at whatever capacity local authorities will allow, while others are on the fence about opening up at all because of the financial constraints, according to the Wall Street Journal. Business owners say they need to run at higher capacities than social-distancing guidelines allow to cover the

The post Facing the music: Entertainment venues, restaurants weigh reopening options appeared first on The Real Deal New York.

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Mike Tyson’s former Maryland home hits the market for $8.5M

A Maryland home once owned by boxing great Mike Tyson is on the market for $8.5 million. Tyson and his former wife, Dr. Monica Turner, bought the home in the mid-1990s and lived there for several years before divorcing in 2003 — the same year Tyson filed for bankruptcy. Turner kept the home, which is about 30 minutes outside Washington, D.C., according to the Wall Street Journal. Turner has expanded the main house over the

The post Mike Tyson’s former Maryland home hits the market for $8.5M appeared first on The Real Deal New York.

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Natural gas mogul lists 813-acre Colorado ranch for $220M

Natural gas mogul Charif Souki has put his sprawling Colorado ranch on the market for $220 million. Souki spent the last seven years building out the 813-acre property into what he called a “mini country club” for his family, replete with tons of amenities and recreational toys, according to the Wall Street Journal. If sold at his asking price, it would be among the most expensive residential sales ever recorded in the U.S. Souki has

The post Natural gas mogul lists 813-acre Colorado ranch for $220M appeared first on The Real Deal New York.

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Buyer’s remorse?: How Anbang’s $5.8B hotel deal went sideways

The saga of Anbang Insurance Group’s sale of its $5.8 billion U.S. hotel portfolio has yet another wrinkle. The would-be buyer, South Korea’s Mirae Asset Global Investments, is now countersuing the entity in control of the Chinese insurer’s assets for the return of its $582 million deposit, accusing it of breach of contract and committing fraud. It comes after Anbang slapped Mirae with a suit last month intended to get the court to enforce the

The post Buyer’s remorse?: How Anbang’s $5.8B hotel deal went sideways appeared first on The Real Deal New York.

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Will Gowanus be the next botched rezoning?

Determined to avoid the divisive controversies that plague neighborhood rezonings, Brad Lander has spent years trying to build consensus for what Gowanus should become. Mayor Bill de Blasio, who preceded Lander as the area’s City Council member, was on board, directing city planners to add housing to the low-slung former industrial hotbed. But now, with real estate worth hundreds of millions of dollars hanging in the balance, the two men are running out of time:

The post Will Gowanus be the next botched rezoning? appeared first on The Real Deal New York.

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Mets’ Noah Syndergaard sued for abandoning Tribeca penthouse rental

Mets pitcher Noah Syndergaard can add a lawsuit from his landlord to his list of offseason issues. The starter’s landlord is suing him for abandoning the $27,000-per-month luxury penthouse he agreed to rent at 116 Hudson Street in Tribeca, according to court documents. Syndergaard’s lease ran from March 20 to November 30 — an agreement the landlord says the pitcher “treated like an option.” Syndergaard in February reached an agreement to lease the 2,700-square-foot, three-bedroom

The post Mets’ Noah Syndergaard sued for abandoning Tribeca penthouse rental appeared first on The Real Deal New York.

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Here’s what the office industry is up to as lockdowns lift

As lockdowns lift and the work-from-home debate ranges on, office landlords are eager to get back to leasing and building out their spaces. “We have various construction projects we want to get back to,” said Grant Greenspan, senior vice president of leasing at the Kaufman Organization. In New York, all nonessential construction work and in-person real estate showings are on hold until Gov. Andrew Cuomo gives the green light for those activities to resume. When

The post Here’s what the office industry is up to as lockdowns lift appeared first on The Real Deal New York.

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Internal feud at SoftBank casts doubt on Vision Fund

As SoftBank reports a loss of nearly $18 billion — the largest in its history — and prepares to sell off $42 billion in assets, a long-simmery internal feud is complicating matters further. The tensions arose in 2018 between Marcelo Claure, now SoftBank’s Chief Operating Officer, and the chief of Softbank’s Vision Fund, Rajeev Misra, when Claure was under consideration for the fund’s board and investment committee, Bloomberg reported. In doing due diligence for the

The post Internal feud at SoftBank casts doubt on Vision Fund appeared first on The Real Deal New York.

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