The Real Deal - New York Real Estate News

Movie theaters might not come back after all

Posted: 20 Sep 2020 11:00 AM PDT

The release of Christopher Nolan’s “Tenet” was expected to be a return to some semblance of pre-coronavirus normalcy for movie theaters, but the industry might have a longer road ahead than some thought. Around 68 percent of movie theaters across the U.S. were open for the film’s debut over Labor Day weekend, but it made just $9.8 million over that weekend, according to the New York Times. While there were no expectations that “Tenet” would

Ex-candidate Tom Steyer lists SF home for $11M

Posted: 20 Sep 2020 09:00 AM PDT

Former presidential candidate and billionaire Tom Steyer is selling his longtime family home in San Francisco. Steyer is asking $11 million for the 5,625-square-foot home, according to the Wall Street Journal. The home is in the pricey Pacific Heights neighborhood. Steyer bought the residence in 1990 for $1.8 million. At the time, he was leading the hedge fund he founded four years earlier, Farallon Capital, and was a partner at the private equity firm Hellman

Europe’s largest timber-frame spec office complex secures funding

Posted: 20 Sep 2020 06:00 AM PDT

The worldwide office market is reeling this year, but a trio of institutional investors are betting big on a massive project in Paris. And it’s made of wood. A joint venture that includes Ivanhoé Cambridge and BNP Paribas has put together a $773 million funding package for the 1.4-million-square-foot spec office development, according to Bisnow. Called The Arboretum, it would be the largest spec office development started in Paris in the last 25 years. The