• Real Estate Investing,  Travel & Lifestyle

    Florida allows eviction moratorium to expire

    Florida Gov. Ron DeSantis (Credit: Joe Raedle/Getty Images) Florida Gov. Ron DeSantis will allow the state’s ban on residential foreclosures and evictions to expire Oct. 1. DeSantis announced the ban, which only applied to the final action of foreclosures and evictions, would not be renewed, citing the Centers for Disease Control’s mandated federal eviction ban. The CDC’s order is in effect through the end of December, and prevents tenants from being evicted if they submit a valid declaration to their landlords regarding their inability to pay rent. Florida’s ban applied only to homeowners and renters who were not able to pay their mortgages or rent because of the pandemic. DeSantis’…

  • Real Estate Investing,  Travel & Lifestyle

    Common raises $50M, eyes housing for remote workers

    Brad Hargreaves (Photo by Francesco Sapienza; iStock) With its eye on housing for remote workers, co-living startup Common has raised $50 million in new funding. The Series D was led by Kinnevik with participation from existing investors Maveron, 8VC and Norwest Venture Partners, CEO Brad Hargreaves wrote in a blog post Tuesday. The round brings Common’s total funding to more than $113 million at a time when urban rental markets are struggling due to the pandemic. Founded in New York in 2015, Common was an early entrant in the crowded field of co-living, which has billed itself as an alternative for renters in expensive cities. Today, it has 17,500 units…

  • Real Estate Investing,  Travel & Lifestyle

    Newly uncovered trademarks show Trump’s Cuba real estate aspirations

    Donald Trump (Credit: Win McNamee/Getty Images) Newly uncovered trademarks illustrate President Trump’s Cuba real estate ambitions, as well as those in other countries. The Trump name had legal protections for use in real estate investing, hotels, casinos and other commercial activities in Cuba from 2010 to 2018, when it expired, according to the Miami Herald. The president applied for the trademark in 2008, despite previously saying he didn’t intend to do business in the country until it was “free,” according to the Herald. In August, the government of Argentina approved a Trump Organization trademark to use the president’s name for club services, conferences, golf facilities, recreation facilities and other businesses,…

  • Real Estate Investing,  Travel & Lifestyle

    Kitchen and bath supplier pays $7M for Doral land for distribution center

    7800 Northwest 34th Street, Doral (Credit: Google Maps) A kitchen and bath supplier paid $6.5 million for 4.2 acres of industrial land in Doral, with plans to build a distribution center. Panda Kitchen & Bath bought the property at 7800 Northwest 34th Street, according to a press release. The sale comes to $35.53 per square foot for about 183,000 square feet of land. The asking price was $8 million, according to an offering memorandum for the property. The property houses a warehouse built in the 1970s, but Panda plans to build a 9,000-square-foot warehouse and distribution center on the land, according to the release. Francisco Giron of Jacog Commercial represented…

  • Real Estate Investing,  Travel & Lifestyle

    Former Sotheby’s CEO buys Palm Beach home for $8M

    Tad Smith and 250 Indian Road (Courtesy of Sotheby’s, Realtor) Thomas Sidney “Tad” Smith, Jr., the former president and CEO of Sotheby’s, bought a newly built Palm Beach home for $7.7 million. Records show Smith and his wife, Caroline Mitchell Fitzgibbons, bought the 6,108-square-foot house at 250 Indian Road from 1585 North Lake LLC, a Delaware LLC. Fitzgibbons is a Realtor with Olshan Group LLC. The property was listed by Suzanne Trapani Frisbie of Premier Estate Properties. Elizabeth DeWoody with Compass Florida LLC brought the buyer. The home was listed in February at $9 million. The house was recently built. It has five bedrooms, six-and-a-half bathrooms, an elevator, a library…

  • Real Estate Investing,  Travel & Lifestyle

    Movie theaters might not come back after all

    (iStock) 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 perform as well as Nolan’s past films — it made about one-fifth of what his most recent blockbusters earned in their opening weekends — its performance was much worse than Hollywood hoped. That could…

  • Real Estate Investing,  Travel & Lifestyle

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

    Tom Steyer (Getty) 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 & Friedman. He and his wife Kat Taylor raised their children in the house and Steyer said his family “has a ton of great memories” there. The home has 30 solar panels…

  • Real Estate Investing,  Travel & Lifestyle

    Firms dangle big bucks to lure employees out of big cities

    Stripe CEO Patrick Collison (JD Lasica via Wikipedia; Unsplash) In an increasingly work-from-home world, those with the means have also been moving out of big cities in favor of roomier, perhaps more suburban confines. Now, electronic payment company Stripe is offering employees $20,000 if they move out of cities including San Francisco, New York and Seattle, according to Bloomberg. But even that comes at a price. Employees who take the offer will see their base salaries cut by as much as 10 percent, according to the report. Other companies have tried to lure workers with similar deals. Like Stripe, workspace technology company VMware has offered workers big money upfront —…

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    Chinese proptech firm Ming Yuan Cloud goes public

    Hong Kong Stock Exchange (Getty) Ming Yuan Cloud Group is about to go public. The Shenzen-based proptech firm plans to launch an initial public offering later this month, making it the first software-based Chinese proptech firm to debut on the Stock Exchange of Hong Kong this year, according to the South China Morning Post. Ming Yuan Cloud started taking share orders this week and trading is scheduled to begin on September 25. The company aims to raise up to $797 million by selling 374.2 million shares (representing 20 percent of its share capital) at between HK$15 to HK$16.5 per share, or roughly $1.93 to $2.13. It has already secured commitments…

  • Real Estate Investing,  Travel & Lifestyle

    Miami-Dade police said pre-Covid evictions could resume. Then came mayor’s stop order

    Miami-Dade County Mayor Carlos A. Gimenez (Credit: Jason Koerner/Getty Images) The Miami-Dade Police Department announced on Thursday that pre-pandemic evictions could resume. But by the end of the day, county Mayor Carlos Gimenez had reversed the decision, causing confusion among landlords and tenants. Coronavirus-related evictions have been on hold in Florida for several months. Gov. Ron DeSantis’ two previous orders extending the moratorium on evictions and foreclosures narrowed the emergency legislation, limiting the ban to the final action of foreclosures and evictions, and only to residential property whose owners and tenants have been impacted financially as a result of the pandemic. The latest extension ends Oct. 1. In a statement,…