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  • Aspen home with oxygen-pumping system hits market for $49M July 12, 2020
    Got $49 million to spare, love Aspen, but sick of all that altitude sickness? There’s a solution for you. A custom-built, 15,000-square-foot mansion in the chic Colorado ski town has hit the market for $49 million and it’s got quite a suite of luxe amenities, according to the Wall Street Journal. That includes a system […]
  • Foreign firms are vacating Hong Kong offices like never before July 12, 2020
    Foreign companies are vacating Hong Kong offices at a blistering pace. Multinational companies vacated 61 percent of the 577,000 square feet of office space that was vacated in the second quarter, according to Bloomberg. That’s compared to a 47 percent share of surrenders in the first quarter. Total surrenders jumped 55 percent from the first […]
  • Lisbon might have solved its Airbnb problem July 12, 2020
    The city of Lisbon launched a program this spring to get vacant short-term rental units back onto the long-term rental market, and landlords appear to be taking them up on it. The Portuguese capital is encouraging landlords to rent long-term by essentially taking on all of the risk of being a landlord for them, according […]
  • Ghislaine Maxwell was hiding out in a rural New Hampshire estate when she was arrested July 11, 2020
    The search for Jeffrey Epstein confidant Ghislaine Maxwell took federal agents to a rural estate in central New Hampshire. Federal agents found Maxwell at a 156-acre estate that she appears to have purchased in December for $1.1 million, according to the New York Post. Federal prosecutors said she appears to have purchased the property “through […]
  • Spain’s richest man owns $17B in real estate July 11, 2020
    Amancio Ortega, the richest man in Spain, owns more than $17.2 billion in real estate across the world. The founder of fast fashion label Zara brought in 621 million euros through his real estate assets last year, according to Bloomberg. Ortega’s company, Pontegadea, revealed its holdings for the first time this week. Ortega spent nearly […]
  • Former Apple and Tesla employees launch mass production development company July 11, 2020
    Juno Residential Inc. the latest Silicon Valley startup set on re-ordering the real estate development world. The firm plans to use mass production and prefabrication techniques to make it cheaper and more ecological to develop housing nationwide. The firm was co-founded by former employees of Apple and Tesla, according to the Wall Street Journal. The […]
  • Landlords challenge city laws protecting non-paying businesses July 11, 2020
    Two commercial landlords sued the city Friday over laws hastily passed to protect retail tenants during the pandemic. The federal lawsuit challenges a package of bills that Mayor Bill de Blasio signed in May, including one that temporarily bars landlords from going after the personal assets of restaurant and store owners who owe rent. The […]
  • Crossbow-wielding manager sexually harassed WeWork staffer, latest discrimination suit claims July 10, 2020
    A new federal lawsuit accuses WeWork of bungling its response to a complaint that a mid-level manager regularly wielded weapons at the office, bragged of ties to the mafia, and had a reputation for making unwanted advances on female staff as well as WeWork clients. Rather than rectify the situation, the lawsuit claims that WeWork […]
  • Compass to appeal decision sustaining Realogy’s suit July 10, 2020
    Compass will appeal a New York judge’s decision last month to let Realogy proceed with a lawsuit that alleges its rival engaged in “predatory” poaching and illicit business practices. Judge Barry Ostrager had sustained Realogy’s case June 5 by denying Compass’ motion to dismiss it and compel arbitration. According to a July 9 notice of […]
  • TRD Insights: LA retail hasn’t rebounded in these major submarkets July 10, 2020
    Even after California allowed many shuttered businesses to reopen their doors, shoppers were slow to return to some LA’s biggest retail arteries. Foot traffic in the last week of June at major LA retail corridors was down 41 percent from its level in the first week of March, according to data from geospatial analytics firm […]