The Real Deal - New York Real Estate News

A land deal between Joe Biden’s brother and a favored lobbyist is raising eyebrows

Posted: 01 Feb 2020 01:00 PM PST

As scrutiny continues over son Hunter Biden’s ties to a Ukrainian natural gas company, some are taking notice of the real estate interests of Joe Biden’s brother James. It looks like a sweet deal on property in the U.S. Virgin Islands James Biden was made possible by lobbyist Scott Green, who went on to regularly lobby Joe Biden during his time in the Senate, according to Politico. In 2005, James Biden purchased an acre of

Sandeep Mathrani to be named CEO of WeWork

Posted: 01 Feb 2020 11:21 AM PST

WeWork, the struggling co-working giant attempting to turn itself around after a botched IPO attempt, is tapping industry veteran Sandeep Mathrani as CEO. Mathrani is taking over the role from Artie Minson and Sebastian Gunningham, the Wall Street Journal reported. The two have served as co-CEOs of the We Company — WeWork’s parent — since the departure of the startup’s founder, Adam Neumann, in September. Mathrani was recruited to the shared-space startup by Marcelo Claure,

Climate change is a real threat to America’s very expensive stadiums

Posted: 01 Feb 2020 11:00 AM PST

Miami’s Hard Rock Stadium hosts the Kansas City Chiefs and the San Francisco 49ers in Super Bowl LIV on Sunday. Over the last few years, extreme weather and hurricane threats have affected several games at the 65,000-seat stadium. Stadiums across the country are threatened by climate change as well, according to CNBC. Some teams and stadium owners are taking up sustainability programs in response. Hurricane Irma hit Related Companies chairman Stephen Ross’s stadium in 2017,

Building the Coronavirus hospital in just 10 days

Posted: 01 Feb 2020 09:00 AM PST

On Monday, China’s authorities plan to open a 25,000-square-foot prefabricated hospital in the city of Wuhan to treat Coronavirus patients, just 10 days after starting construction. Wuhan Huoshenshan Hospital is being built on the west side of the Hubai province capital, the center of a coronavirus outbreak that’s killed at least 200 and infected at least 9,600 people in China, according to Dezeen. State outlet CGTN has been streaming video of around-the-clock construction since work

Portugal’s president says “nao mais!” to its version of EB-5

Posted: 01 Feb 2020 06:00 AM PST

Portugal’s government wants to end its “golden visas” program in Lisbon and Porto that’s attracted billions of euros in investment to those cities. The program offers visas to foreign investors who spend 500,000 euros on property, similar to the United States’ oft-criticized EB-5 visa program. It was put in place in 2012 and has attracted 4.5 billion euros in investment to the country since then, but Portuguese President Antonio Costa says it’s done its job