U.S. markets started Wednesday with a burst of optimism, as a $2 trillion stimulus deal had been reached between the White House and Congress. But as the day went on, the proposed legislation became mired in…
My sincere hope is that those who find themselves out of their pre-coronavirus businesses will find bigger and better things to accomplish in the post-coronavirus world. …
The number of signed contracts fell to the lowest number since the week of Superstorm Sandy in 2012. …
Covid-19 has been battering real estate investment trusts, some of which have had to shut down hotel, mall and other properties to prevent the spread of the virus. The closures have strained the cash flow of…
An LLC associated with the popular “Sleep No More” production at New York’s McKittrick Hotel has notified the state of layoffs. Callers to the hotel are greeted with a recorded message that says, “We are disappointed…
A month before the closing date, commercial broker Jaime Sturgis just had to kiss goodbye a nearly $1 million multifamily deal. Sturgis, founder and CEO of Fort Lauderdale-based Native Realty, said he represented the seller of…
‘Avengers’ director Anthony Russo just sold one of his two properties in Los Feliz for $2.05 million, more than double what he paid for it nine years ago. …
The reporters behind The Real Deal’s coverage of layoffs at Compass and a bold rent-relief bill in New York joined — by video conference — Associate Publisher Hiten Samtani for a deeper discussion of the two…
The coronavirus pandemic has awakened the greatest sense of civic responsibility the country has seen since World War II, even as the best response to it — isolation — is diametrically opposite that of prior crises,…
Tom Petty’s longtime Encino mansion has traded hands for the third time in four years, selling for $4.895 million. …
The hotel industry suffered another devastating week, as cities like New York and San Francisco saw more than eight out of every 10 hotel rooms sit empty. Occupancy levels in those two cities plunged more than…
The laborers, deemed “essential” by New York, work side by side, often sharing portable toilets that rarely have soap or hand sanitizer….
In mid-February, Simon Property Group announced it would acquire Taubman Centers after a nearly two-decade-long dance between the two rival mall owners. But as Covid-19 raced around the globe, bringing municipalities and states to a standstill,…
TPG Real Estate Finance Trust is one of several nonbank property lenders feeling the squeeze as markets fall. Real estate investment trusts, hedge funds and private equity firms that have issued billions in construction loans, mortgages…
Dodgers closer Kenley Jansen has relisted his Redondo Beach home for $2.15 million, down from $2.35 million two years ago. …
Last week, The Real Deal publisher Amir Korangy sat down for another episode of Coffee Talk with luxury hospitality group SBE’s Sam Nazarian and leading architect Kobi Karp. This time, though, coffees were kept at home, with…
Where would you rather be holed up, in a Manhattan apartment or a country home? If it’s the latter, you’re not alone. New data from Airbnb analysis website AirDNA shows travelers are fleeing cities for rural…
After 12 years of ownership, longtime Oklahoma City star Russell Westbrook just sold his starter home in the area for $426,900. …
Big chain retailers and restaurants are putting their landlords on notice. Both U.S. and international chains are informing their landlords that they need to reduce rent or cut payments, Bloomberg reported. Last week, Mattress Firm, which…
It was just a few weeks ago that mortgage rates reached 50-year lows. Today, rates are up (and rising), homebuyer interest is down, and the Federal Reserve is stepping in to prop things up. …
