The Real Deal - New York Real Estate News

Keys to car and castle: Silicon Valley Toyota dealer wants to build apartments above

Posted: 07 Feb 2021 11:00 AM PST

The owners of a Silicon Valley car dealership want to redevelop their property with apartments. Nothing new right? Except the Toyota dealership would stay. Price Simms Auto Group wants to build an 88-unit apartment building with their Sunnyvale Toyota dealership on the ground floor, according to Fast Company. The apartments would essentially subsidize the dealership, allowing the firm to stay in a pricey market. “The single-story model of a showroom, a service department, and a

Mapletree Investments bets big on European office market

Posted: 07 Feb 2021 09:00 AM PST

Singapore-based real estate asset manager Mapletree Investments is launching a European office fund. The firm aims to raise a half billion euros, or around $606 million, for the Mapletreee Europe Income Trust and looks to reach that goal by the end of March, according to DealStreetAsia. Mapletree is targeting a 12 percent return on the fund. Mapletree seeded the fund with seven of its European commercial properties, including three in the United Kingdom and three

Outdoor kitchen sealed deal for Bobby Flay in Los Angeles

Posted: 07 Feb 2021 06:00 AM PST

Celebrity chef Bobby Flay spent the last few months looking at a Midcentury Modern–inspired home in Los Angeles, but it was missing something he dreamed of: a chef-worthy outdoor kitchen. The owners of the home happened to be designers. They agreed to work with Flay to build an outdoor kitchen to Flay’s specifications, including a pizza oven and an Argentinian-style grill. That sealed the deal: Flay bought the home, on Rising Glen Road in the