The Real Deal - New York Real Estate News

Nicky Jam is trying again to sell his Miami Beach home — and this time, he’s looking at taking a loss. Jam paid $3.4 million for the 3,600-square-foot home in Palm Island two years ago, but is now asking just $3.3 million for the property, according to Variety. He first tried selling the home last year with an asking price of $3.65 million. The ask was eventually dropped to $3.5 million. Eventually, it was taken

Blackstone is picking up a portfolio of commercial and residential properties in Japan for the equivalent of $1.06 billion. It’s the New York-based private equity firm’s fourth major real estate acquisition in Japan this year and brings its total acquisitions in the country to $5.2 billion, according to Mingtiandi. Hong Kong-based fund PAG is on the other side of the deal, which closed around a month ago. The portfolio consists mostly of properties in Tokyo

The United Kingdom’s biggest real estate transaction of the year is in contract. Singapore-based asset manager Sun Venture has agreed to pay Land Securities Group £552 million, or approximately $742 million, for the office complex at 1 and 2 New Ludgate in London, according to Mingtiandi. Landsec, which developed the complex, announced the deal on Friday. It breaks down to around £1,416 (or $1,896) per square foot. Japan’s Mizuho Bank signed a 20-year lease for