Destination Isolation: This Company’s COVID-19 Retreats Offer Quarantining In Style
Working remotely, homeschooling, and social isolation may be the new norm for most Americans—but who says it has to occur at home? …
Sharks circle as mortgage lenders shed portfolios at steep discounts
With mortgage lenders under pressure as homeowners miss payments, you better believe the sharks are circling. Opportunistic funds including Elliot Management and Appaloosa Management are reportedly in talks to buy discounted assets from troubled real estate…
MTA: We gave builder a break, then he sued us
The Metropolitan Transportation Authority is firing back against a judge’s order allowing construction of a Manhattan hotel to continue. It is also accusing a developer of being “selfish” and ungratefully suing after the transit agency cut…
Tonight on TRD Talks: Maintaining multifamily in a tumultuous time
With much of the nation staying indoors, the home is now where everyone is. For many, especially in New York and other big cities, that usually means a multifamily building rather than a single-family house. Apartment…
“I can’t imagine the grief we’ve caused you:” Redfin furloughs 41% of agents
In the most drastic cuts seen in residential brokerage since the pandemic began, Redfin said Tuesday that it would furlough 41 percent of its agent workforce. In addition to the furloughs, the Seattle-based discount firm, an…
Author Dennis Lehane inks a deal for Westchester home
After putting his Playa del Rey home on the market, writer Dennis Lehane has purchased a Westchester house three miles away for $2.395 million. …
Badgley Mischka is getting into real estate development
Beverly Hills-born fashion brand Badgley Mischka has inked a deal to brand real estate developments across the nation. The company is working with Brands Lab International to develop boutique residential and hospitality projects, The Real Deal…
Actress Abbe Lane parts with Palm Desert retreat
In Palm Desert, singer-actress Abbe Lane and her husband, theatrical agent Perry Leff, have sold their golf course retreat for $2.91 million. …
Congress fixed tax code “retail glitch” and gave real estate a tax windfall
Real estate owners can thank a fix to the “retail glitch” — rectified in the $2 trillion economic bailout — for a new tax windfall. The economic stimulus package that the federal government passed last month…
Coronavirus distress is “opportunity of the century” for real estate investors
As the coronavirus crisis sends property values tumbling, real estate investors sense an even greater buying opportunity than the 2008 financial crisis. Hotels, retail properties and mortgage-backed securities in particular present ripe targets for distressed-asset investors,…
WeWork Vs. SoftBank: Board Members Sue After Its Biggest Backer Abandons $3 Billion Payout
A group of WeWork board members sued SoftBank to force the Japanese conglomerate to go through with an abandoned $3 billion payment to WeWork’s shareholders. …
WeWork Vs. SoftBank: Board Members Sue After Troubled Startup’s Biggest Backer Abandons $3 Billion Payout
A group of WeWork board members sued SoftBank to force the Japanese conglomerate to go through with an abandoned $3 billion payment to WeWork’s shareholders. …
RedSky puts Greenpoint dev site on market asking $165M
Brooklyn-focused real estate investment firm RedSky Capital has put another property on the market amid uncertainty over the valuation of its massive portfolio. The company, along with its London Stock Exchange-listed partner JZ Capital Partners, are…
For second week, Manhattan records just two luxury contracts
It was a gloomy, if not somewhat expected result for the city’s brokers, who are feeling the effects of a tumbling economy. Two weeks earlier, there had been 14 contracts signed. The week before that, 21….
Airbnb raises $1B from private equity firms
As its global host network struggles and its planned initial public offering faces uncertainty, Airbnb is landing a financial lifeline to help it weather the coronavirus storm. The home-sharing company is raising $1 billion in equity…
What Will Tomorrow’s Workplace Bring? More Elbow Room, for Starters
The pandemic may result in fundamental changes, altering how office buildings are designed. In the short term, expect more hand sanitizer and less “hot-desking.”…
Landlords locked out of $350B Paycheck Protection Program
The federal loan program meant to help small businesses weather the coronavirus’ economic impact leaves landlords out. Owners of apartment buildings, mobile-home parks and even campgrounds are ineligible to participate in the Paycheck Protection Program, which…
Williamsburg biz takes 53 percent more space to meet demand
A digital pharmacy significantly increased the size of its new lease in Williamsburg because of the coronavirus pandemic, according to sources familiar with the deal. Medly Pharmacy recently inked a 43,500-square-foot lease at Express Builders JB’s…
What other nations’ coronavirus experiences predict for us
The United States is now at the forefront of the coronavirus pandemic, after weeks of watching from a distance as it engulfed one country after another. China, South Korea and Italy took turns as epicenters of…
New Jersey, Florida Housing Markets Are Most At Risk From Coronavirus
Markets in the West and Midwest at less of a risk, according to a special report by ATTOM Data Solutions. …
