The Real Deal - New York Real Estate News

Now, this is a tale: Pimco co-founder allegedly blasted “Gilligan’s Island” theme to irritate neighbor

Posted: 18 Jul 2021 11:00 AM PDT

In 2018, the billionaire and his ex-wife spent about $150 million in separate — seemingly competing — transactions on four Laguna Beach homes in the span of about a month. That hedge funder, Pimco co-founder Bill Gross, appears to have found another nemesis in his Orange County community, this one his neighbor. A dispute between the two in the exclusive community got so out of hand that Gross is accused of blaring the theme song

Sovereign wealth funds are hunting for real estate

Posted: 18 Jul 2021 09:00 AM PDT

Sovereign wealth funds and central banks are looking to capitalize on post-pandemic real estate investment opportunities, following a brief pullback last year. Nearly three quarters of industry respondents to an Invesco survey believe the pandemic-fueled price fall in valuations will drive property purchases, according to IPE Real Assets. Participants in the survey included 141 sovereign wealth funds and 82 central banks with a collective $19 trillion in assets. Average real estate allocations among respondents is

Olympic deal: Scottie Pippen lists Chicago mansion on Airbnb for $92

Posted: 18 Jul 2021 06:00 AM PDT

The Chicago home of two-time Olympic gold medalist and Bulls’ great Scottie Pippen is hitting Airbnb to coincide with the upcoming Tokyo Olympics. Pippen’s Highland Park mansion is open for three separate one-night stays in early August at a symbolic rate of $92 per night, a reference to Pippen’s 1992 Olympic gold, according to People.com. Bookings open for Pippen’s home on July 22. Those who manage to book one of the three nights can bring