The Real Deal - New York Real Estate News

US warehouse boom attracts foreign investors

Posted: 20 Feb 2021 11:00 AM PST

It’s not just massive firms like Blackstone Group and Prologis that are throwing billions of dollars at warehouses — foreign investors are also pouring money into the booming industrial sector. Investment firms from France, Germany and South Korea are among those that have recently inked big deals for industrial properties, according to the Wall Street Journal. That comes even as overall foreign investment into U.S. real estate has plummeted due to the pandemic. Real Capital

India’s “zombie home” fund set to deliver thousands of apartments

Posted: 20 Feb 2021 09:00 AM PST

A multibillion-dollar fund created by the Indian government to finish stalled housing developments in the country is on track to deliver 4,000 units in the upcoming fiscal year. The fund’s government-appointed manager, SBICAP Ventures, plans to hand over 16 projects left unfinished amid an economic slowdown and a credit crisis in the development sector, according to Bloomberg. The government created the fund in November 2019, when roughly $63 billion worth of projects across the nation

Former JetBlue exec lists Silicon Valley compound for $49M

Posted: 20 Feb 2021 06:00 AM PST

Former JetBlue Chairman Joel Peterson has listed his 11-acre compound in the affluent Silicon Valley suburb of Woodside. Peterson is asking — take a breath — $49 million. But the property does come with five separate houses. Think of the Airbnb potential. The compound — and that is the appropriate term here — features a rebuilt Craftsman-style home designed by noted architect Bernard Maybeck, the Wall Street Journal reported. It includes a second main home,