De Blasio considering shelter-in-place order
Mayor Bill de Blasio is considering an order that would require the city’s 8.6 million residents to stay in their homes in an attempt to slow the spread of the coronavirus pandemic. The mayor on Tuesday…
New York City seeking sites for coronavirus triage centers
As the trajectory of the coronavirus epidemic in New York City threatens to overwhelm the city’s health care system, the de Blasio administration’s effort to get ahead of the curve is turning into a real estate…
Gym ban applies to residential buildings: state
UPDATED, March 17, 2019, 3:43 p.m.: New York Gov. Andrew Cuomo’s order that gyms close until further notice also applies to those inside residential buildings, The Real Deal has learned. The clarification comes a day after…
Dan Fegan’s Beverly Hills home sells for $8.825 million
The longtime Beverly Hills home of late NBA power agent Dan Fegan has sold for $8.825 million. …
L.A. real estate firms close offices, switch strategies amid coronavirus outbreak
Amid coronavirus fears, L.A. real estate firms such as Compass, Douglas Elliman, Hilton & Hyland and Deasy Penner Podley have agents work remotely. …
Not everyone’s rattled: Pricey NYC listings are still climbing
As coronavirus fears swept through New York City last week, some home sellers and their agents forged ahead. The top five priciest new listings last week range from a $48 million condo at 15 Central Park…
Olympic skier Lindsey Vonn seeks $3 million for Sherman Oaks home
U.S. Olympic skier Lindsey Vonn has put her Sherman Oaks home of about three years on the market for $2,999,999. …
Morris Moinian to sell site of stalled hotel project
Four years after receiving approval to build a 26-story, 310-key hotel at 1150 Sixth Avenue, developer Morris Moinian has decided to sell the vacant site instead. Moinian’s firm, Fortuna Realty, has hired a JLL team led…
Restaurants, bars, gyms and theaters ordered to close in Miami-Dade
UPDATED, March 17, 1:18 p.m.: Miami-Dade County ordered all restaurant dining rooms, bars, gyms, movie theaters, bowling alleys and other businesses closed due to coronavirus, or COVID-19. Deputy Mayor Jennifer Moon made the announcement along with…
Music producer Mark Ronson sells colorful Los Feliz spread
Music producer Mark Ronson of “Rehab” and “Uptown Funk” fame has sold his Los Feliz home for about $4.776 million. …
Real estate stocks lead early market rebound after Fed announces new measures
Markets bounced back slightly Tuesday on news that the Federal Reserve implemented another policy to stave off the economic impact of the coronavirus, and that the Trump administration was seeking a massive stimulus package. The Dow…
Compass to scale back lending programs
Amid massive economic uncertainty and a global pandemic, Compass is scaling back its Concierge and Bridge Loan services, The Real Deal has learned. The SoftBank-backed brokerage is “proactively” restricting the programs at the behest of lending…
RFR to buy Morgan Stanley’s 522 Fifth Avenue for $350M
Aby Rosen’s RFR Realty is in contract to acquire the office portion of 522 Fifth Avenue from Morgan Stanley for around $350 million, Crain’s reported. Morgan Stanley occupies all of the office space in the 23-story…
Nordstrom shutters stores in response to coronavirus
Nordstrom is temporarily shutting its stores in the U.S. and Canada to prevent the spread of the coronavirus and pulled back its 2020 guidance. The department store said the closures will last for two weeks. Nordstrom’s…
How Coronavirus Has Affected Real Estate
Some open houses have been canceled, others have new rules, and some New Yorkers are heading to the suburbs to escape the city….
Empire State Building observation deck closed by coronavirus
The Empire State Building’s owner announced Tuesday that it had closed the tower’s observation deck to the public, as the Trump administration advised against gatherings of more than 10 people to curb the coronavirus outbreak. Another…
National Apartment Association Issues Guidance To Stem The Spread Of Coronavirus
The National Apartment Association is implementing protocols for property owners and managers to follow in response to the spread of the coronavirus. …
Georgetown plans 1.1M sf Hudson Yards office building
As a 10-year easement with the Port Authority of New York and New Jersey nears expiration, Georgetown Company has big plans for a waterfront site near Hudson Yards which it has owned for over 50 years….
The 1% are shelling out $400K on Hamptons rentals as NYC shuts down
As the reality of the coronavirus pandemic set in for markets and governments last week, much of the real estate world decided to wait and see how things would shake out. But in one market, deals…
A Plan to Develop Farmland in Amish Country Meets Resistance
A proposed development addresses urban sprawl and scarce housing in rural Lancaster County, but some say it’s the right project in the wrong spot….
