The Real Deal - New York Real Estate News

Private club goes public: Soho House IPO raises $420M

Posted: 17 Jul 2021 11:00 AM PDT

The owner of a network of members’ clubs built on exclusivity is offering up its stock to the masses. Membership Collective Group, parent company of the Soho House chain of private clubs, raised $420 million in an initial public offering of 30 million shares Wednesday. The shares sold at $14 each, the low end of an expected $14 to $16 range, according to Bloomberg. The IPO values the company at around $2.8 billion. Based in

Stock prices of India’s top developers soar

Posted: 17 Jul 2021 09:00 AM PDT

Investor confidence that interest rates will remain low and demand for housing high is driving up share prices of India’s largest developers. The S&P BSE Realty Index, which tracks the country’s top 10 development firms, posted its highest close earlier this week since December 2010, according to Bloomberg News. Share prices for some companies in the index have increased between 19 and 80 percent this year alone. Mahindra Lifespace Developers stock has tripled since this

Gideon and Susie Yu ask $27M for mansion in nation’s wealthiest town

Posted: 17 Jul 2021 06:00 AM PDT

San Francisco 49ers co-owner Gideon Yu has listed his Silicon Valley mansion for $27 million. The former tech executive and his wife Susie Yu bought the then-recently built Atherton home for $21 million in 2016, according to Dirt. The three-story, 12,000-square-foot home has six bedrooms and 7.5 bathrooms. There is also a single-story guesthouse in the back yard. White oak floors run through much of the house, as do detailed moldings and stone features. Amenities