(Updated) Senator: Suspend property taxes until next year
State Sen. David Carlucci is pushing for a bill to suspend property tax deadlines until the end of the year. He said in a press release that the intention of his bill is to kill the…
Here’s How Many Millions Will Be ‘Seriously Delinquent’ In Mortgage Payments When We Reach Peak Unemployment
During the last housing crisis 5 million homeowners were seriously delinquent on their mortgages. Here’s how to predict how many it will be this time around. …
Pool homes for $700,000 in three Ventura County cities
With the heat of summer fast approaching, here’s a look at homes with pools you can get for $700,000 in Simi Valley, Camarillo and Ventura. …
Real estate is waking up to pandemic insurance. But is it too late?
Hotel owners nationwide have likely deployed teams of lawyers to scour their insurance policies, hoping to find a clause that covers a portion of the monumental damages inflicted as a result of Covid-19. Most of them…
Pandemic pay cuts: Analysis shows real estate CEOs aren’t giving up much
Marriott International’s business was already down 75 percent by March 19, when the hotel chain’s CEO Arne Sorenson posted a somber update. With his industry pummeled by the coronavirus pandemic, Sorenson spoke of the need to…
Joy Of Booking: Hospitality In The Age Of Social Distancing
Consumer confidence calls for a radical return to convenience. …
Lawsuit against TPG trust could be an omen for CRE finance
A mortgage lender sponsored by investment giant TPG stopped funding a loan to a New York-based developer due to liquidity strains caused by the coronavirus pandemic, according to a new lawsuit that could be a sign…
Business Is A Journey Of Many Miles, Traveled By The Inch
To succeed, businesses must embrace a journey of excellence. …
When Can I Start Using My Building’s Gym Again?
Luxury apartment buildings in New York City are starting to reopen their amenity spaces, with limits….
Three Roommates Scraped Together Enough for a Brooklyn Rental. Which One Did They Choose?
For about $1,000 each, they hoped to find a decent place near a good bagel store. Now they’re stuck there as they wait out the lockdown….
City stops some projects after audit finds cheating
After greenlighting thousands of construction projects as essential, the city’s Department of Buildings has revoked approvals for some. In an email to owners viewed by The Real Deal, the agency indicated that it audited work that…
The 4 Most Important Things To Consider When Looking At Online Home Listings
Most people wouldn’t make their decision about starting a long-term relationship with someone based solely on their dating site profile, and the same holds true for deciding whether to rent or buy a home. But there…
A game-changer for restaurants and retailers? Maybe, if it’s legal
A City Council bill could shield restaurants, retailers and other business owners from certain legal action if they violate their leases — but it might not be constitutional. The measure, introduced by Manhattan Democrat Carlina Rivera,…
Home Buyers Face Credit Crunch As Mortgage Relief Options Put Lenders On Edge
As the coronavirus pandemic sends shockwaves through the U.S. economy, banks are fighting financial uncertainty with tightened mortgage lending standards. …
Unbowed: Mori Erects Japan’s Tallest Building Project Amid Pandemic
The Japanese property developer Yoshiko Mori controls, Mori Building, is moving ahead with a massive $5.4 billion project to redevelop 8.1 hectares in the heart of Tokyo amid the coronavirus pandemic….
Introducing TRD Connect: The new normal for networking
Power lunches at Cipriani may now be a distant memory, but social distancing won’t kill networking. It’s just a new beginning. That’s why we’re introducing TRD Connect, The Real Deal’s series of virtual networking events. Soon, real…
Home Buying, Selling And Renting In May: Here Is What To Expect As The Country Enters Its Third Month Of The COVID-19 Pandemic
After April bucked the expectation for low rent payments but upheld the forecast of depressed home sales, here is how renting, buying and selling could unfold in the new month. …
Past the pandemic: Rockefeller family pitches global luxury development projects
It may seem like a bad time to pitch a series of luxury lifestyle development projects around the world. But SixRock Group — a Rockefeller family-led real estate services firm — believes the global coronavirus crisis…
DIY Home Improvement Projects To Try While You’re Stuck At Home
There’s never been a better time to give your home a DIY makeover. …
Fed “not in any hurry” to raise interest rates: Powell
The Federal Reserve won’t push up interest rates any time soon, the central bank’s chairman said Wednesday as the U.S. economy shrank the most in over a decade. The Fed’s Federal Open Markets Committee said it…
