CoStar draws $745M from credit line
CoStar Group has borrowed $745 million from its line of credit to fund its acquisition of RentPath, and as a hedge against the tumultuous market. In a regulatory filing Thursday, the real estate data firm said,…
Former Charger Nick Hardwick quickly tackles San Diego home sale
Retired Chargers Pro Bowler Nick Hardwick just sold his San Diego home for $2.015 million, or $20,000 more than he was asking. …
Vacation home travel ban not on Cuomo’s agenda
Requests by the Hamptons, North Fork and upstate to stop the virus-inspired migration from New York City have not resonated with Gov. Andrew Cuomo. The popular summer destinations say they have been overrun by city residents…
Pandemic Could End Housing’s Yearning For Technology
The COVID 19 pandemic is changing the world’s attitude toward human touch and giving businesses encouragement to use more technology. Here’s how the housing industry is coping. …
Coronavirus Pandemic Could End Housing’s Yearning For Technology
The coronavirus pandemic is changing the world’s attitude toward human touch and giving businesses encouragement to use more technology. Here’s how the housing industry is coping. …
State mulls changing what construction is considered “essential”
New York is considering limiting the types of construction that qualify as “essential.” Gov. Andrew Cuomo indicated that he is open to changing his executive order from last week, which exempted all construction from a ban…
Real estate orgs call for appraisals to be deemed essential
A coalition of five real estate and professional appraisals organizations are appealing to local and state governments to declare property appraisals as essential business. Executive orders ordering non-essential businesses to stop reporting to work have been…
Who’s still filing permit applications? Toll Brothers!
While the majority of life in New York City has come to a standstill, some development work plows on. Toll Brothers this week filed an application with the city’s Department of Buildings to construct a 13-story…
Dolph Lundgren deems Hollywood Hills contemporary expendable
Action-film star Dolph Lundgren has listed his contemporary home in Hollywood Hills West for sale at $4.465 million. …
WeWork Mounts Charm Offensive As Bondholders Run For The Exits
As questions mount about WeWork’s decision to keep most locations open amid the coronavirus pandemic, the shared office company is attempting to convince its investors and debt holders that it has the financial wherewithal to survive….
LA resi lenders predict “pent up demand” post-coronavirus
The world’s economy may tumble into a recession due to coronavirus, but some top Los Angeles real estate brokers are striking a note of optimism. “I really think there’s going to be pent up demand. I…
Should Security Deposits Be Applied To Rent? Creative Ways Cities Are Trying To Help Renters During Coronavirus
Eviction moratoriums were just the beginning. Here’s a few more creative solutions to help renters. …
Brooklyn development’s $150M loan falls into default
A $154.6 million loan for a Brooklyn development site has fallen into default, according to Apollo Commercial Real Estate Finance. The lender made the disclosure in a recent public filing, stating that the borrower stopped paying…
The MIPIM conference will now be held in September — in Paris
Organizers of the annual MIPIM conference have notified attendees that the event will now take place in September, after the coronavirus curtailed plans for two earlier dates. The event will also be moved to Paris and…
“I’ve got a blank check. Make it happen:” Hamptons brokers on the great coronavirus migration
The Moguls are on the move. As coronavirus cases surge in New York City, the super rich are decamping for the Hamptons, setting off a spike in demand and pushing rental prices to levels normally not…
Neiman Marcus in talks about possible bankruptcy: report
Luxury retailer Neiman Marcus Group is reportedly considering filing for bankruptcy as it struggles with $4.3 billion in debt. No plan has been finalized, but Neiman Marcus has held discussions with lenders about a possible bankruptcy…
Break quarantine? Your co-op board can sue
New York City condos and co-ops can look to the courts when neighbors don’t abide by social distancing or quarantines, some lawyers say. The state has barred public and private gatherings and ordered everyone except those…
How AI Can Help Pinpoint Opportunity Zones’ True Opportunities
Alternative sources like street views, cellular data and social media, rather than out-of-date information from U.S. Census data, offer clearer views of potential opportunities within Opportunity Zones. …
Vintage SoCal: The crown jewel of Rancho Palos Verdes
The ocean-view estate was built in the mid-1920s for early area investor Frank A. Vanderlip Sr., known as the “father of Palos Verdes.” …
Don’t miss it: developer Michael Shvo on TRD Talks Live tomorrow
In a new episode of TRD Talks Live, sponsored by Watchel Missry, Amir Korangy will talk with Michael Shvo, founder and CEO of eponymous development firm SHVO. The developer, whose portfolio includes 4.5 million square feet…
