Regal Ventures, a real estate investment firm headquartered in New York City, has acquired 8500 Sunset Blvd., a 37,900-square-foot retail condo and 178-space parking garage in West Hollywood, California. The property is located on the city’s Sunset Strip and is 100%...
After leasing its flagship store on New York City’s Fifth Avenue since 1997, the luxury retailer Prada (OTC:PRDSF) is paying $425 million to buy the property. Reuters reported Prada will take ownership of the five-story store and its accompanying seven-story office...
Plaza Retail REIT (TSX: PLZ.UN), a real estate investment trust and retail property owner and developer focused on Ontario, Quebec and Atlantic Canada, announced the appointment of Jason Parravano as chief operating officer (COO), effective Jan. 8, 2024. Parravano is...
Mel Sembler, a real estate developer who represented the U.S. in two high-profile diplomatic positions, passed away on Oct. 31 at his home in St. Petersburg, Florida. He was 93 years old and the cause of death was attributed to lung cancer. Melvin Floyd Sembler was...
A cost-saving residential project in the wrong neighborhood, a retailer’s exit from high-crime cities and an old train caboose marketed as a home. From the wild and wooly world of real estate, here are the hits and misses for the week of Sept. 25-29. Hit and Miss:...
FBI Investigating Lurin Capital Amid Multifamily Collapse
