Former J. Crew CEO Mickey Drexler sells Idaho estate
Former J. Crew CEO Mickey Drexler and 760 N Walnut Ave, Ketchum (Getty; Realtor) Former J. Crew CEO Mickey Drexler sold his Idaho estate and a pair of neighboring lots…
Tag: Cross Post
UK tax break expiration could hurt struggling retailers
The tax break allows foreign visitors to reclaim a sales tax of 20 percent on items bought in the country for more than £30 (Getty; Unsplash) A popular tax break…
Real estate deals dominate Opportunity Zones. Is that bad?
The Economic Innovation Group identified 145 real estate investments in Opportunity Zones (iStock) Investment in Opportunity Zones is growing at a rapid pace, and so is skepticism about the program…
Pandemic takes drastic toll on dry cleaners
As workers trade in suits for sweatpants, 1 in 6 dry cleaners has closed or gone bankrupt (Getty) At J’s Cleaners, business had clawed up to 40 percent of pre-pandemic…
Black homeowners twice as likely to lose homes and return to renting: Report
A recent study that found 1 in 10 Black homeowners returned to renting between 1984 and 2017 (iStock) Over the last three decades, Black homeowners were twice as likely as…
For some employees, WFH now includes a view of the Mediterranean
Palermo, Italy (iStock) As winter nears and coronavirus infections spike in the U.S. and parts of Europe, some workers are heading for warmer, more remote climes. Those fortunate Europeans and…
Vornado halts sale of office towers co-owned with Trump
From left: 555 California Street in San Francisco, Vornado CEO Steven Roth and 1290 Sixth Avenue in Manhattan (Photos via Wikipedia Commons; Getty; Trump Org) Vornado Realty Trust has suspended…
San Diego REIT to pour $1.7B into life-sciences real estate
IQHQ Stephen Rosetta and the San Diego Research and Development District (IQHQ) The life sciences sector has officially become the in-thing for real estate investors. Highlighting this interest, real estate…
Do I hear? Beverly Crest mansion, listed for $160M, heads to auction
Steven Udvar-Hazy and 67 Beverly Park Ct (Hilton & Hyland) Villa Firenze is 28,000 square feet and for two years, the Beverly Crest mansion has lingered on the market for…
Inside Airbnb’s IPO pitch
Airbnb CEO Brian Chesky (Getty) Airbnb is pitching investors with a story of resilience, despite steep losses and an uncertain path to profitability. The S-1 prospectus of the home-share startup…