WeWork taps oil exec as new CFO
WeWork has named Kimberly Ross as its new chief financial officer, the company announced on Monday. Ross, most recently vice president and CFO at Baker Hughes, will start at WeWork on March 16. She previously held…
How does a developer recover from a $400 million blow?
UPDATED, 8:05 a.m., Feb. 5: Successful immigrants and developers share at least one quality: optimism, an unshakeable belief that there is a better life to be had in a new country … or a new…
TRD’s fall tri-state issue is live to subscribers!
Welcome to the fall edition of The Real Deal‘s Tri-state magazine! Here’s an overview of a few of the highlights in the issue, which subscribers now have access to: — Our cover story, the Great Salt…
Here’s what you missed at TRD’s Miami Showcase & Forum: PHOTOS
HUD Secretary Ben Carson, investor Grant Cardone and more than a dozen panelists highlighted The Real Deal Miami’s sixth annual Showcase & Forum on Thursday, led by TRD Publisher Amir Korangy. Thousands of attendees filled Mana…
SoftBank to take control of WeWork at less than $8B valuation
WeWork has reached an agreement to be taken over by SoftBank Group, in a deal that will value the embattled office-space company between $7.7 billion and $8 billion, people familiar with the matter told The Real…
EB-5 investors rush in ahead of looming rules change
Alejandro Navia had been getting just a handful of calls each month from potential EB-5 investors for his development projects. A combination of fraud allegations involving the federal visa program and a backlog of green card…
Michael Jordan’s Chicago-area mansion has been on the market for 7 years. A buyer may not exist
As his massive compound in Chicago’s northern suburbs collects dust, Michael Jordan is now trying to part with another sprawling mansion. On Monday, His Airness listed a 10,000-square-foot mountain hideaway in the ritzy ski city of…
South Florida developers riff on the shift from condos to rentals: TRD Miami Showcase & Forum
The cyclical nature of Miami’s condo market has many developers shifting toward rentals – but not Michael Shvo. The New York developer, who is making a big push in Miami Beach, said that as long as…
Compass is more like WeWork than it would like to admit
At 10:26 a.m. on Oct. 9 — nine days after WeWork shelved plans for an IPO — Compass CFO Kristen Ankerbrandt fired off to her staff a set of talking points distancing the brokerage from the…
Playing the real estate game: College athlete bill could mint young millionaires and homebuyers
In the not too distant future, college athletes playing at top-tier schools may be hitting the open houses as hard as they hit the gym. Earlier this month, the State Legislature unanimously passed a bill —…