In Search Of The Next Unicorns For The 2020 Forbes Next Billion-Dollar Startups List
Know a company that deserves to be on Forbes Next Billion-Dollar Startups list? Our nominations are now open. …
Industrious to take 100K sf at Vornado’s One Penn Plaza
Industrious, a flexible-workspace company, plans to open a 100,000-square-foot space at the bottom of One Penn Plaza. The space will be split between about 80,000 square feet of flexible office space and 20,000 square feet of…
Eminent domain could be used for Penn Station plans thanks to clause in state budget
New York Gov. Andrew Cuomo laid the groundwork for his ambitious new plan to redevelop Penn Station almost two years ago. The governor included a clause in budget legislation that would allow the state to use…
Zillow is officially a New York brokerage. But listing platform says it’s not what you think
Zillow Group is now a licensed corporate broker in New York. It’s part of a national growth strategy in which Zillow is getting itself licensed from coast to coast. “As we work to redefine how real…
The Three Most Common Mistakes Passive Real Estate Investors Make
Avoiding these three common mistakes made by passive real estate investors will help to ensure that you’re investing in properties with high potential. …
Agents: Stop Wasting Time Calling Leads — Unless You Know BANTAR
Put processes in place to make sure you’re only devoting effort to the best, most qualified leads possible, and your bottom line will thank you for it. …
SDIRAs: The Best-Kept Wealth-Building Secret
When looking for avenues to build your wealth, don’t forget to look right under your nose. …
Landlords cheer CoJo’s plan for homeless, but warn of problems
Landlords are lauding City Council Speaker Corey Johnson’s proposal to expand rental assistance as part of his new plan to combat homelessness in New York, but say it will take more than money to achieve its…
Blackstone’s warehouse play challenges Prologis’ claim to the throne
Long before windowless warehouses became a sexier investment than luxury condos, Prologis was king. The San Francisco-based company bought up millions of square feet of industrial properties and built out a crack team of executives to…
Something New York Doesn’t Have Enough of: Serviced Apartments
When the new condo wasn’t ready on time, she needed a furnished place in a hurry without knowing for how long….
Billionaire’s Furniture Chain Waives Rents As Coronaovirus Hits China’s Businesses
The move will cost Red Star up to 9.6% of estimated 2020 profit …
Forever 21 will sell to Simon, Brookfield-led partnership at bargain-basement price
Two top mall owners and a brand management company are teaming up to buy troubled retailer Forever 21 at the discount price of $81 million. The retailer chain — which filed for bankruptcy in September —…
WeWork Names Real Estate Veteran Sandeep Mathrani As New CEO
Mathrani’s appointment is the latest effort to turn the embattled company around after its failed IPO. …
This Northern Virginia estate just shattered a DC-area price record
The Virginia estate of late AOL co-founder James Kimsey sold for $45 million, a record for the Washington, D.C. area. The three-acre property listed in 2018 for $63 million, according to the Wall Street Journal. The…
Berlin’s radical new rent laws will destroy €5.5B in real estate investment: landlords
Berlin’s legislature passed a package of rent regulations on Thursday that will cap revenues for landlords and freeze rents for five years. A spokesperson for Chancellor Angela Merkel’s Christian Democratic Union party plans to challenge the…
A land deal between Joe Biden’s brother and a favored lobbyist is raising eyebrows
As scrutiny continues over son Hunter Biden’s ties to a Ukrainian natural gas company, some are taking notice of the real estate interests of Joe Biden’s brother James. It looks like a sweet deal on property…
Sandeep Mathrani to be named CEO of WeWork
WeWork, the struggling co-working giant attempting to turn itself around after a botched IPO attempt, is tapping industry veteran Sandeep Mathrani as CEO. Mathrani is taking over the role from Artie Minson and Sebastian Gunningham, the…
Climate change is a real threat to America’s very expensive stadiums
Miami’s Hard Rock Stadium hosts the Kansas City Chiefs and the San Francisco 49ers in Super Bowl LIV on Sunday. Over the last few years, extreme weather and hurricane threats have affected several games at the…
Building the Coronavirus hospital in just 10 days
On Monday, China’s authorities plan to open a 25,000-square-foot prefabricated hospital in the city of Wuhan to treat Coronavirus patients, just 10 days after starting construction. Wuhan Huoshenshan Hospital is being built on the west side…
Portugal’s president says “nao mais!” to its version of EB-5
Portugal’s government wants to end its “golden visas” program in Lisbon and Porto that’s attracted billions of euros in investment to those cities. The program offers visas to foreign investors who spend 500,000 euros on property,…
