Masa Son has brought his billions to Compass. What happens next? Japanese investor has made giant bets on WeWork through $98B Vision Fund

From left: Robert Reffkin, Ori Allon and Masayoshi Son (Photo illustration by Lexi Pilgrim for The Real Deal)

A five-year-old New York-based residential brokerage has now raised more than $750 million in venture capital. Let that sink in.

Just a month after raising $100 million in a Series E round, Compass received a $450 million infusion from SoftBank, the company announced Thursday, giving it a new valuation of $2.2 billion. The capital makes Compass the richest brokerage in the country – no one else even comes close– and sets it up to make a flurry of acquisitions in coming months.

In this, it mirrors WeWork. The shared-office space company hit a valuation of $20 billion earlier this year after its most recent investment round, also led by SoftBank, a Japanese conglomerate that is transforming the world of venture capital through its $97.7 billion Vision Fund.

Since launching in May, the fund — the world s largest corporate venture c上海同城对对碰交友社区 上海夜网论坛apital fund — has invested north of $19 billion in 16 companies ranging from robotics to ride-sharing to real estate. After pouring $4.4 billion into WeWork in August — and now pledging another big sum to Compass — SoftBank may be seeing real estate as the next big thing.

“Real estate is a huge asset class, but the sector has been relatively untouched by technology and remains inefficient and fragmente[……]

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NYC Real Estate Events

Next week brings a new bundle of real estate events!

On March 14, B’nai B’rith is hosting its Real Estate Luncheon at the Ivy Room, 944 8th Avenue fro上海千花网 爱上海同城对对碰m noon to 2 p.m. The theme of this month s luncheon is Essex Crossing Transformation of the Lower East Side. Charles Bendit of Taconic Investment Partners will be the speaker at the event.

On March 15, the Asian Real Estate Professional Association (AREPA) is hosting its Distinguished Guest Speaker Event from 6 p.m. to 8 p.m. at Herrick Feinstein, 2 Park Avenue. Attend新爱上海同城对对碰论坛 上海同城对对碰交友社区 for networking and a reception with beer and wi阿拉爱上海同城 爱上海龙凤419桑拿ne. Grant Jiao, managing director of Gemdale USA Corporation, will discuss his career in real estate and his company’s future. This event is free for AREPA members.

To search for future industry events or browse past ones, click here. And to submit more industry events, ple上海龙凤论坛sh1f 上海龙凤论坛ase reach out to [email protec上海千花网龙凤论坛 上海千花社区ted].

Tags: real estate events
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Priciest Apartments Manhattan

Here are t爱上海同城 爱上海he week’s priciest apartment sales An interactive loo上海千花网龙凤论坛 上海千花社区k at where the biggest deals were struck, plus total overall sales and average prices for the week (click on numbers to see data)

Each we上海贵族宝贝 上海千花网龙凤论坛ek, The Real Deal and CityRealty look back at Manhattan’s priciest apartment sales.

We are having some technical difficulties.上海同城对对碰交友社区 上海夜网论坛 T上海千花社区 上海千花网交友ry again later.

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Steel Tariffs

Trump s new NAFTA deal with Canada could be relief for developers Tariffs have pushed up prices for steel imported from Canada

Steel I-beams, Canadian Prime Minister Justin Trudeau and President Donald Trump (Credit: Max Pixel, Wikimedia Commons)

With a tentative bilateral trade deal in their pockets, both American and Mexican officials have their sights set north of the U.S. border with hopes of negotiating new trade deals with Canada.

That could be big news for U.S. property developers.

A deal with Canada that resolves the 25 percent import tax on steel imposed by President Donald Tru上海千花网交友 上海千花网论坛mp’s administration would be爱上海同城手机版 新爱上海同城对对碰论坛 a relief for developers working in the U.S., who have seen construction costs rise because of the tariff.

The tentative agreement would revise details in the North American Free Trade Agreement, which Trump vehemently opposes and wants to scrap in favor of a new trilateral deal, or separate bilateral deals with Mexico and Canada. Trump characterized the agreement with Mexico as a completely new trade deal, but the overall NAFTA framework remains in place, according to the New York Times.

Even before the steel tariff went into effect in March, the industry braced for higher costs. Prices for steel, which is usually traded based on estimates of future costs, rose by 10 percent nationwide. Some firms were underwriting projects with a contingency for the higher steel prices.

The U.S. tariffs, and the tariffs imposed around the world in response, have generall[……]

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Belize Fraud

Andris Pukke and the Sanctuary Belize development (Cre新爱上海同城对对碰论坛 上海同城对对碰交友社区dit: Google Plus and Belize Real Estate Property for Sale)

Ever fantasize about fleeing the winter cold and getting in on the ground floor of a beachfront real estate deal in which you double your money in a few years? If you ve dreamed that dream, here s how it could turn nightmarish.

When Frank Balluff and his wife, Rebecca, purchased a lot in what seemed to be an exciting new Caribbean resort development, little could they imagine what they were getting into. In fact, it was what the Federal Trade Commission now calls the biggest real estate scam involving overseas property it has ever investigated. Promoters allegedly fleeced 1,000-plus lot buyers out of $100 million or more. Earlier this month, the FTC sought and obtaine新爱上海同城对对碰论坛 上海同城对对碰交友社区d a federal court order temporarily shutting the project down and freezing promoters assets.

Balluff, a business owner from Michigan, estimates that his person上海夜网 阿爱上海同城al losses exceed $310,000, but he says he s heard of others who invested their full retirement funds and planned to build homes and move to the resort. Now they just have nothing left, he says.

Balluff and others mainly Americans nearing retirement age or already retired bought into a slickly marketed development known variously as Sanctuary Belize, Sanctuary Bay and The Reserve. The 14,000-acre project is located on the Caribbean coast in Belize, an English-speaking nation bordering Mexico.

Through advertising pitches on[……]

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Michael Cohen

National Cheat Sheet: Michael Cohen testifies about Trump s real estate, Toll Brothers sees Great Recession-era numbers… more

Clockwise from top left: Michael Cohen s testimony touches on Trump Organization s real estate endeavors, Amazon drops plans for a 722,000-square-foot lease at Seattle’s new Ranier Square tower, Toll Brothers sees some depressing numbers in the first quarter of 2019 and Realogy Holdings has its worst stock closing price in history after releasing an earnings report.

Cohen testimony touches on Trump buildings, ‘Executive-2’
President Donald Trump inflated the values of his real estate holdings in New York so he could get a loan from Deutsche Bank, his former personal lawyer Michael Cohen testified on Feb. 27 in a congressional hearing, using the Trump Organization s 40 Wall Street in downtown Manhattan as an example. “Find an asset that is comparable, find the highest price per square foot that’s achieved in the area and apply it to that building,” Cohen explained. Cohen, who was sentenced to three years in prison in December after pleading guilty to multiple charges, also spoke about other real estate projects — including a planned Trump Tower Moscow project that is part of special counsel Robert Mueller III’s investigation — and named Donald Trump Jr. as “Executive-2,” an unidentified individual who appears in documents filed by federal prosecutors. [TRD]

Toll Brothers has its worst quarter for contracts in nearly a decade
One of the nation s largest luxu[……]

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220 Central Park South

At record-breaking 220 Central Park South, a unit just closed at $6,400 a foot Buyer for Unit 36A is listed as “Good Hearts, LLC”

220 Central Park 爱上海同城对对碰 爱上海同城论坛South上海龙凤论坛sh1f 上海龙凤论坛 and Vornado CEO Steve Roth (Credit: Google Maps and Getty Images)

Add another deal to the list of high-priced closings at Vornado Realty Trust’s 220 Central Park South.

Unit 36A sold for $19.9 million, according to records filed with New York City’s finance department. The anonymous buyer is listed in records as “Good Hearts, LLC.”

According to the condominium offering plan, the apartment was priced at $21.5 million and spans j上海千花网 爱上海同城对对碰ust over 3,100 square feet. The closing price works out to $6,376 per square foot.

Earlier th爱上海龙凤419桑拿 上海龙凤论坛sh1fis month, another mystery buyer bought unit V-5 in the villa building of the project for $34.4 million. During the previous month, an anonymous buyer bought two condo units at the building on the same day. The unknown person bought unit 41A for $23.4 million, or roughly $7,500 per square foot, and unit 19G for $1.8 million, or roughly $3,600 per square foot.

Closings at the building began in October. Vornado estimates the building will bring in about $1 billion in profits.

Owners at the 79-story limestone tower include billionaire hedge funder Ken Griffin, who bought the building’s penthouse for a record-breaking $238 million; hedge funder Daniel Ochs; investment executive Richard Leibovitch; Brazilian construction heiress Renata上海千花网 爱上海同城对对碰 de Camargo Nascimento; debt-collection mogul A[……]

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Woman of the cat that stimulate bud sets out again! ” chocolate and vanilla 2 ” in Feburary 2019 put on sale

CFK company will announce today on December 28, the amative adventure game with the welcome equipment below the banner ” chocolate and vanilla 2 ” will in Feburary 2019 put on sale, land PS4/Switch platform, the elegant demeanour that expects women of next the cat that stimulate bud together. · ” chocolate and vanilla 2 ” those who told about what Jia Xiang of water month manages to having long tradition with Qia child the vivid and dramatic of the 4 women is a cat that old store does not have lunar home by water nowadays and joint management of little sister Shi Yu, there always are all sorts of small collisions in the process that nevertheless sister of many cat mother lives together, the wonderful life that interesting harmony brings in the fetter that deepens ceaselessly learns content language. Map of set of woman of 4 lovely cats makes public · at the same time, which do you prefer? [……]

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Yamaxun releases pop chart of popular 2018 game the 1st leaves sell inadequacy January

Become the past already formally 2018, when coming 2019, yamaxun released online shopkeeper pop chart of each category sales volume. The sales volume pop chart that according to the United States Yamaxun releases shows, in game category, if be not calculated,lead plane, circumjacent fittings and gift get stuck, if counting game sales volume only, in December the Switch game of put on sale ” big melee of Ren Tiantang star is special edition ” make the game with this best-selling 2018 store, those who make a person accident is the before 10 work that there is platform of a XboxOne in the name. In the list of pop chart of popular 2018 game that publishs in Yamaxun, whole before 10 be occupied by force basically by Ren Tiantang, these exclusive game that come from Ren Tiantang are mixed with extremely high game quality the favour that added up to a joyous content to win American area customer. Although strength of show of XboxOne X picture is better, do not pass PS4 version ” wild big armed escort 2 ” what sell however is better; ” mission call 15: Black acts 4 ” also be the more that same PS4 edition sells; Suo Ni rolls out this year ” free power spider a person adept in martial arts and given to chivalrous conduct ” the result that revised game to obtain the 4th with the super hero with highest sales volume; ” Let’s Go of demon Bao Kemeng ” in double version, the skin blocks the more that grave edition sells, people of apparent United States also is to prefer Pikaqiu. In pop ch[……]

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Welcome to last phase of an age ” the subway: Escape ” ” disclose ” the government is publicized piece announce

Issue business Deep Silver and development business 4AGames to was the subway that is about to roll out to make newly a few days ago ” the subway: Escape ” published brand-new conduct propaganda piece. This video aims to welcome more new player to come ” the subway ” the world. It is to come from Introduction Deep Silver to work below: “The gut of quite the operation that stimulates with the atmosphere of exciting, insecurity, good school and horror realistically game world and famous, ” the subway 2033 ” and ” the subway: Last first sight of morning ” the delegate that has made classical Cult game. Deep Silver and 4A Games preparation roll out equipment to suffer now those who expect is newest make ” the subway: Escape ” , this work had developed 5 years of time, brand-new free feeling and pleasure of exploration of last phase of an age will be offerred for the player on the base that holds original series advantage. To this a series of for the novice, this paragraph of video explored the distinctive world in game and abstruse game mechanism. ” ” the subway: Escape ” will land PS4/Xbox One/PC platform on Feburary 15.[……]

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