HGTV star Tarek El Moussa gets more than he asked for Costa Mesa home
‘Flip or Flop’ star Tarek El Moussa and his girlfriend, Heather Rae Young of ‘Selling Sunset,’ just sold their Costa Mesa home for $2.705 million. …
Chetrit goes to the mat with SL Green over busted Daily News deal
Superman fights for truth, justice and the American way. The investor who abandoned a deal to buy the building Clark Kent’s Daily Planet office was modeled after is fighting for his deposit back. Jacob Chetrit is…
Mining company asks court to reveal Beny Steinmetz’s NYC real estate plays
For years, Israeli billionaire Beny Steinmetz has denied any connection to New York real estate. But a Brazilian mining company that’s trying to collect $2 billion from the embattled diamond trader says Steinmetz has “fraudulently” poured…
“When it’s really ugly, it’s a good time to invest”: Sternlicht on Starwood’s hunt for opportunities
When the coronavirus started to take hold, Barry Sternlicht compared it to World War III. With the pandemic having completely overwhelmed the global economy, Starwood Property Trust’s CEO updated that statement during the company’s first-quarter earnings…
Is This What The Housing Market Will Look Like In Three Weeks?
Speculation on whether the property industry would be among the first to benefit from a relaxation of the lockdown increased this week with the reveal that the housing minister had been speaking with the sales industry…
Newmark profit down, revenue up
Newmark Group’s first-quarter profit fell 52 percent from a year ago even as revenue grew, said the company, which operates commercial real estate advisory firm Newmark Knight Frank, Thursday morning. Revenue for the quarter was about…
Cuomo extends eviction moratorium, promises landlord relief
Facing pressure from tenant advocates, Gov. Andrew Cuomo extended the state’s moratorium on evictions for at least another two months. The governor said the moratorium on residential and commercial evictions — for non-payment of rent due…
What You Need To Know Right Now About Real Estate Investments
You need to be smarter about your investment decisions, certainly, as well as how you deal with your tenants and lenders, but there are opportunities to come out of this ahead….
Global Property Markets Post-Pandemic—How And Where COVID-19 Is Creating Opportunity
The global shutdown in response to the coronavirus pandemic is going to have big effects on real estate markets worldwide. However, the situation we’re about to see play out will not be the same as what…
Realogy CEO says Covid-19 “eviscerated” value of Amazon partnership
Realogy’s much-lauded partnership with Amazon is the latest victim of the coronavirus. The brokerage conglomerate on Thursday announced that it suspended the partnership, dubbed TurnKey. CEO Ryan Schneider said during the company’s first-quarter earnings call that…
COVID-19 Changes How You Sell Your Home: Real Estate Lawyer Explains Rule Changes And What Could Be Next In Your State
Selling a house in the age of COVID-19 is tricky, but the real estate business is finding ways to move forward. A real estate lawyer answers my questions about the current state of play….
Neiman Marcus files for bankruptcy, casting uncertainty over Hudson Yards
Neiman Marcus has filed for bankruptcy, a move that could have major implications for Related Companies’ luxury Hudson Yards mall. The department store chain filed for Chapter 11 protection Thursday in the U.S. Bankruptcy Court for…
Joseph Chetrit sells UES townhouse for $25M
In one of the priciest deals since the coronavirus pandemic hit New York, real estate investor and developer Joseph Chetrit has sold his Upper East Side townhouse for $25 million. A source familiar with the deal…
The ultra-rich are still buying $50-million homes (in case you were wondering)
Pandemic or not, the ultra-wealthy are still buying and selling prized properties across L.A. County …
On the Market in the New York City
This week’s properties are in Chelsea, Manhattan Valley and Mill Basin….
What Can 9/11 and the Great Recession Tell Us About Coronavirus Recovery?
Examining the Manhattan housing market’s recovery from past economic traumas for clues about how long it may take this time….
Services Of Luxury Condominium Blossoming This Mom’s Day
With New York City luxury condominiums competing on service, 30 Warren has introduced a floral consultant destined to be of assistance to residents this Mother’s Day. …
Selina CEO says $60M in funding will get startup through crisis
Selina, a London-based hotel and co-working company backed by Adam Neumann, has reportedly raised some $60 million in financing. Speaking with Skift, the publication that first reported the news, representatives for the Selina declined to clarify…
Realogy reports $462M first-quarter net loss
Brokerage giant Realogy Holdings reported a net loss of $462 million during the first quarter as coronavirus threatened to freeze the housing market. The company reported a $447 million impairment charge that it attributed to “broad-based…
Health Care heroes, your next meal is on us: TRD initiative helps industry give back
It’s a humbling time. For the last decade, the real estate industry has been humming along. We’ve seen historically low-interest rates, record foreign investment and the largest development project in U.S. history come to life. There…
