Former Sacramento King Jason Thompson lists lakeside home for sale
Former Sacramento Kings big man Jason Thompson has listed his home in Roseville, Calif., for sale at $1.25 million. …
How Much It Costs To Prevent Americans From Losing Their Homes Amid Coronavirus
Dissecting “base” and “worst-case” scenarios of the coronavirus fallout, the Urban Institute says cost may range from $40 billion to $162 billion. …
Crown Heights hotel marks lone mid-market deal this week
Just one property traded hands in New York’s mid-level investment sales market last week, at a time when the city is trying to grapple with the deepening coronavirus outbreak. Here are the details of the sale:…
Another huge round of layoffs for Knotel
Flex office company Knotel slashed its 400-person workforce by half, as the coronavirus pandemic has drained the unicorn startup’s membership base. Knotel laid off or furloughed 195 employees worldwide today, Commercial Observer reported. “Business as usual…
Could NY’s work from home moment fuel office-to-residential conversions?
The long term impacts of the coronavirus pandemic will not be fully known for months or even years, but one major question has already come up: if now widespread working from home becomes standard practice, what…
Knotel, A WeWork Rival Valued At $1.6 Billion, Lets Go Half Of Its Staff
Knotel, a rival to WeWork that leases office space to larger companies, has laid off 30% of its workforce and furloughed another 20%, becoming the latest venture capital-backed real estate firm to bow to the impact…
House passes $2 trillion stimulus package
After a brief procedural hiccup, Congress’ $2 trillion economic stimulus package is on its way to the desk of President Donald Trump. U.S. Representatives raced back to Washington on Friday to pass the coronavirus response measure…
Fed to mall and hotel owners: Drop dead
The central bank’s multi-trillion-dollar intervention to help companies facing a credit crunch leaves struggling malls, hotels and other properties out in the cold. Earlier this week the Federal Reserve announced it would launch an unprecedented program…
Michael Shvo on the Bible, Batman and why NYC will bounce back
After seven months of due diligence, developer Michael Shvo bet on New York real estate emerging from the coronavirus pandemic last week — by making an offer to buy a building on Fifth Avenue. “What we’re…
Billionaire Bunker Owners Are Preparing For The Ultimate Underground Escape
Luxury bunker owners are preparing for the worst and ready to protect their families amid fear of civil unrest amid the pandemic. Swimming pool sold separately. …
Marc Jacobs gets what he paid for West Village pad: $10.5M
Marc Jacobs has officially closed on the sale of his West Village townhouse, reaping a mere $50,000 more than he paid for it more than a decade ago. Jacobs sold his four-story townhouse at 68 Bethune…
Actress Mamie Gummer sells Hollywood Hills treehouse to Jennifer Nicholson
Actress Mamie Gummer just sold her rustic Hollywood Hills treehouse to Jennifer Nicholson for $1.65 million, or $155,000 more than she was asking. …
WeWork Tenants Bristle At Demands For Rent Despite Coronavirus Lockdown
Tenants have begun telling the shared office giant they can’t pay rent, while the company says they must as long as its doors remain open and it still has to make its own lease payments. …
WeWork Tenants Bristle At Demands For Rent During Coronavirus Lockdown
Tenants have begun telling the shared office giant they can’t pay rent, but the company says they must as long as its doors remain open and it still has to make its own lease payments. …
New York halts most construction
After facing pressure from city officials and workers, the state is shutting down all construction except work on infrastructure, healthcare facilities and affordable housing. The Empire State Development Corp. updated its guidelines Friday, saying only work…
The Plaza shuts down and lays off 251
Prestige, glamour and Central Park views proved no match for the microscopic coronavirus as the Plaza Hotel stopped taking guests Friday and announced 251 layoffs. “We fully support our local authorities as they work to halt…
40% Down Payments Now Required By Two Large UK Lenders; Home Showings Suspended To Prevent Market Free Fall
Major shifts expected in Britain’s housing market …
As Mortgages Tighten, Home Showings Suspended In The United Kingdom To Prevent Market Free Fall
Major shifts expected in Britain’s housing market …
Mark your calendars: These are the top real estate webinars next week
Gatherings are out, but virtual gatherings are in. Here are some real estate webinars coming up next week. Host: Mortgage Bankers Association Date: April 1 Time: 2 p.m. to 3 p.m. EST The Mortgage Bankers Association…
Landlord groups: Postpone vote on rent increase
The three main trade associations for New York City’s landlords are jointly asking the city to put off a vote on rent increases for rent-stabilized housing. In a letter, the Rent Stabilization Association, Community Housing Improvement…
