How Multifamily Investors Can Increase ‘Other Income’ And The Value Of Their Investment Property
If your building’s value is determined by a cap rate, other income can have a dramatic upward effect on how much your property is worth. …
Interested in a Short-Term Rental for Social Distancing? Be Prepared to Stay Longer
From Airbnb to luxury “quarantine apartments,” rental platforms are offering bargains for longer stays — some even offer coronavirus testing….
You Can’t Go Anywhere, but Ads Still Promise Retreats
Property owners are trying to lure buyers and renters in the grip of cabin fever, but experts and state and local leaders say escaping anywhere is fraught with danger….
A Couple With Manhattan Jobs Seek the Ideal Brooklyn Home. Which of These Would You Choose?
After years of renting, two young doctors hoped to buy something in their beloved Clinton Hill, but found better options elsewhere. Here’s where they landed….
Former President George W. Bush’s Dallas Realtor Tells Us How We Will Survive Real Estate
She is the one who quietly found and sold George and Laura Bush their Dallas home on a quiet cul de sac in Preston Hollow when the 43rd U. S. president returned to Texas in 2009….
George W. Bush’s Dallas Realtor Explains How Real Estate Will Survive The Coronavirus Pandemic
Allie Beth Allman, who quietly found and sold George W. Bush and Laura Bush their Dallas home on a quiet cul de sac when they returned to Texas in 2009, has made it through some tremendous…
New CBS Entertainment chief George Cheeks moves on up at the W Hollywood
George Cheeks, the new president and chief executive of CBS Entertainment Group, has paid $6 million for a penthouse in Hollywood. …
The Best Real Estate Podcasts To Download While Stuck At Home
While you’re confined to your home during the coronavirus pandemic, it makes perfect sense to want some escapism through real estate. …
Banks get 120-day deferrals on appraisals
In an extraordinary move meant to keep real estate lending flowing, regulators are permitting banks to move ahead with closing loans without having an appraisal completed in advance. Federal banking agencies released an interim ruling Tuesday…
Mall stocks fall as retail sales plunged in March
The stocks of mall real estate investment trusts tumbled Wednesday, as the U.S. saw a record drop in retail sales last month. While the S&P 500 and Dow Jones Industrial Average fell about 2 percent each,…
Baseball agent Scott Boras inks deal for Newport Beach home
In Newport Beach, baseball super-agent Scott Boras has paid $3.925 million for a stylish home a few blocks from the ocean. …
Meatpacking’s Maritime Hotel seeks Covid-19 relief
The trendy Maritime Hotel in the Meatpacking District is the latest lodging property to seek help with its mortgage due to the coronavirus pandemic. The owners of the 126-key hotel have requested forbearance on the property’s…
Freddie Mac extends loan forbearance period on multifamily landlords
Freddie Mac is extending the forbearance period for multifamily borrowers and beefing up the eviction ban requirement for landlords who receive the relief. The program, which offers landlords forbearance on multifamily loans if they can show…
Rent-stabilized housing income falls for the first time in 20 years: report
For the first time in nearly two decades, the Rent Guidelines Board is reporting a decline in average net operating income among rent-stabilized properties in the city. A report released Wednesday states that NOI declined slightly…
NBA veteran Ben McLemore courts a buyer in Tarzana
In Tarzana, Houston Rockets guard Ben McLemore is shooting for $2.799 million for his East Coast-inspired home of two years. …
Coronavirus wealth gap widens as NYC cases reaches plateau: TRD Insights
When New York City’s Department of Health first published ZIP code-level coronavirus testing data in early April, it was clear that the city’s poorer neighborhoods were bearing the brunt of the pandemic — a trend that…
More plastic in the pandemic: Credit-card rental payments up 30%
Following a slow start, more renters have begun sending their April payments after the first two weeks — and credit cards are helping bridge the gap for many of the newly unemployed. Rent payment processing firm…
“Overwhelming majority” of Brooklyn retailers asking for rent relief: report
Retail tenants in Brooklyn are requesting rent help from their landlords in droves as the pandemic rages on and forces many stores to shut down indefinitely, according to a report from TerraCRG. The report detailed responses…
New Yorkers snap up high-end home rentals in Miami Beach
Wealthy New Yorkers are signing leases for high-end homes in South Florida, hoping to escape a densely packed city that has become the epicenter of the coronavirus pandemic. Brokers in Miami Beach say that in the…
Opendoor lays off 35% of staff
Opendoor, perhaps the most prominent and well-funded startup in the instant-homebuying business, just laid off about 600 employees, a month after the coronavirus pandemic forced it to abort home purchases. “Though this was difficult news to…
