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 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…
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 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…
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…
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….
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’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…
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 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…
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…
Pandemic or not, the ultra-wealthy are still buying and selling prized properties across L.A. County …
This week’s properties are in Chelsea, Manhattan Valley and Mill Basin….
Examining the Manhattan housing market’s recovery from past economic traumas for clues about how long it may take this time….
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, 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…
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…
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…
Here’s a look at homes under 1,000 square feet that are listed for roughly $500,000 in Long Beach, South L.A. and El Sereno in L.A. County. …
It’s been six weeks since New York’s residential firms went dark after Gov. Andrew Cuomo shut non-essential workplaces to curb Covid-19 deaths. In that time, agents have tested the limits of virtual showings and endured a…
