The Real Deal - New York Real Estate News

Tencent prepares its insane version of Hudson Yards in China

Posted: 13 Jun 2020 11:00 AM PDT

Chinese tech conglomerate Tencent is preparing to break ground on a development in Shenzhen that can only be described as a neighborhood built from the ground up. Work is set to begin on the 21-million-square-foot project dubbed Net City later this year, according to the Wall Street Journal. Net City is set to rise on a 320-acre chunk of government-owned land on the Shenzhen waterfront as big as midtown Manhattan. Master planner NBBJ has come

Trump Administration pulls plug on Marriott’s Havana Sheraton

Posted: 13 Jun 2020 09:00 AM PDT

The Trump Administration is putting an end to Marriott International’s business in Cuba. Administration officials told the hospitality giant that it would not renew its license to operate the Sheraton Four Points hotel in Havana, according to the Miami Herald. The Sheraton Four Points reopened under Marriott’s brand in 2016 during the Obama Administration and was the first and only hotel in Cuba run by an American company since Fidel Castro’s Communist government took power

Travis Kalanick’s food startup says it’s the victim of “suspected arson”

Posted: 13 Jun 2020 06:00 AM PDT

A facility owned by Travis Kalanick’s startup CloudKitchen caught on fire twice this week. The company said the police are now investigating at least one fire as arson. CloudKitchen took to Twitter for the first time on Wednesday to share details about the incidents, which took place on early Monday morning and Tuesday evening. On Monday morning, a “suspected arsonist” entered the facility and disconnected surveillance cameras. A fire started about 10 minutes later and