While nearly 65% of mortgage borrowers felt confident about paying their mortgage obligations, a decline in forbearance payments, a still shaky job market and soon-to-expire government aid complicate the picture. …
A New York judge has denied Compass’ motion to dismiss an explosive lawsuit accusing the brokerage of “predatory” poaching and other wrongdoing. Realogy, the parent company to the Corcoran Group and Coldwell Banker, filed the wide-ranging…
The federal government has extended the deadline for Opportunity Zone investors and developers to deploy capital and begin construction on projects because of the pandemic. The rules had required that twice a year the government check…
With Neiman Marcus in bankruptcy, the Related Companies is marketing the department store’s space at the Hudson Yards mall to office tenants. Related and co-developer Oxford Properties are marketing Neiman’s 190,000 square feet and other retail…
Not all big-ticket New York real estate deals these days are fire sales. The Related Companies has an agreement to sell its Union Square apartment building for about $200 million to a firm representing an overseas…
Comedian and TV host has trimmed the price of his Craftsman compound in the Hollywood Hills to $4.199 million, his fourth price cut in two years. …
In the Outpost Estates neighborhood of the Hollywood Hills, the onetime home of early stage and film star Wynne Gibson is for sale at $4.195 million. …
The Hiram Kwan residence, a modernist design of John Lautner protégé John Stevens, sells in Los Feliz for $4.265 million: $280,000 over asking price. …
The Real Deal’s last issue brought all of our markets together as the real estate industry grappled with the impact of a global pandemic. We talked with Starwood chief Barry Sternlicht, broke down Blackstone’s latest business…
Former Deputy Mayor and Goldman Sachs alum Alicia Glen is about to launch her own development firm to build middle-income housing in smaller U.S. cities. MSquared — which seemingly refers to the firm’s focus on mixed-use,…
The real estate company that Sears spun off five years ago to shore up cash is cutting ties with most of the struggling retailer’s remaining stores. Seritage Growth Properties is terminating the master lease covering 12…
The U.S. added 2.5 million jobs in May, a surprising bounceback after a March and April that saw 22.1 million total jobs lost and the highest unemployment rate recorded in decades. Experts said the return of…
Douglas Elliman chief Howard Lorber paid $12 million for a waterfront home in Miami Beach, less than a week after investors rejected his and other top executives’ compensation from 2019. Lorber closed on the house on…
24 Hour Fitness is in talks with entities to find a stalking horse bidder ahead of a court-supervised bankruptcy. The mid-tier fitness chain, which operates more than 430 gyms, is seeking the stalking horse bidder before…
If real estate is seen as a dinosaur when it comes to adopting technology, title insurance may be the industry’s Argentinosaurus. The residential closing is full of manual processes and fees that complicate and drive up…
Colleges across the country sent students home in March because of the coronavirus. Now, they’re debating when to bring them back — and how. New York University is considering renting thousands of hotel rooms near its…
WeWork co-founder Miguel McKelvey is leaving the embattled co-working firm. “After 10 years, I’ve made one of the most difficult decisions of my life – one that I’m not even sure has sunk in just yet,”…
Eyeballs were looking for real estate to ogle online, but developers pulled back on hawking their properties. The amount developers were willing to spend in April was 26.7 percent lower than in the same month in…
The full-floor apartment, which sold for $43 million, was among several big closings during the month as New York continues to grapple with the coronavirus….
Big Tech has been a major driver of office leasing activity in recent years. But that may soon change. The coronavirus pandemic has heralded a remote-work revolution, with heavyweights Facebook, Twitter and Shopify all announcing plans…
