The Real Deal - New York Real Estate News

Crescent Acquisition Corp has agreed to acquire fitness company F45 Training Holdings and take the company public. The deal values the combined companies at $845 million including debt and is expected to close in the third quarter, according to Bloomberg. The post-acquisition public company will retain the F45 Training name and operations aren’t expected to significantly change. As of last August, F45 had around 1,750 gyms across the globe, including several hundred in the U.S.,

A French court has ordered a Russian businessman to pay a $1.7 million tax bill on a ski resort in the French Alps because he failed to prove he owns it. The tax is designed to crack down on the use of shell companies to own properties in the country, which can help reduce the true owner’s property tax liability, according to Bloomberg. Vitaly Malkin owns the resort through a Luxembourg-based shell company. The three

Disney is ready to open its massive theme parks in California and Florida, but many of its employees are not. The company plans to open Walt Disney World in Orlando in stages starting July 11 and Anaheim’s Disneyland about a week later. Unions representing workers are pushing the Walt Disney Company to postpone those openings over concerns it isn’t doing enough to protect employees from the coronavirus, according to the Wall Street Journal. Union officials