Let There Be Light: The Business Value Of An Office With A View
Before committing to a potentially costly improvement program, it’s important for business leaders to first consider what employees actually want from the spaces in which they work. …
Retail tenants disappearing from Chrysler Building
Aby Rosen’s plan for the Chrysler Building is still under wraps, but one thing is clear: Its longtime retail tenants were not part of it. The arcade space of the Chrysler Building, now largely vacant, used…
Real Estate’s Spring Sales Season Slows to a Trickle
With coronavirus closing offices and shutting down open houses, brokers and sellers hope that sales will pick up again in the summer….
Debunking The Myth Of Green Unaffordability
The Climate Mobilization Act might be intimidating for New York’s CRE operators now, but meeting its efficiency requirement won’t be nearly as expensive as the green unaffordability myth might suggest. …
Covid-19 uncertainty may prompt landlords to renew tenants
Renters whose leases expire sometime in the next few months may have the upper hand in negotiating future terms with their landlords. It’s unclear when the spread of the coronavirus — which has infected more than…
Instead of Tearing It Down, They Rescued It
A couple of experienced renovators were looking for a house in the Bay Area to demolish — until one with a strong ‘midcentury vibe’ won their hearts….
Schrager closes Public hotel amid coronavirus outbreak
Hospitality icon Ian Schrager said he just made one of the most difficult decisions of his career. Schrager is shutting the doors to his trendy downtown Public hotel until the coronavirus pandemic subsides, he announced on…
Zillow slashes expenses by 25 percent, cancels revenue guidance
Zillow Group suspended its full-year revenue guidance and said it would slash expenses by 25 percent to ride out the coronavirus pandemic. The Seattle-based company announced the suspension of its capital-intensive iBuying program Monday morning. During…
Compass lays off 15% of staff
Compass laid off 15 percent of its staff on Monday, The Real Deal has learned. In a letter to agents, CEO Robert Reffkin said the SoftBank-backed company is anticipating a 50 percent drop in revenue over…
Actress Kristin Davis sells her longtime Brentwood home for $2.45 million
Actress Kristin Davis of “Sex and the City” fame has sold her Brentwood home of more than two decades for $2.45 million. …
Storage: An Essential Element In A Small Home
In my research, one of the aspects of a house that is upper most on homeowners “want” list is adequate storage. …
Decision by StreetEasy, REBNY to stop market clock triggers debate
For years, the “days on market” clock has been part of the yin and yang of New York real estate — a metric buyers love and sellers hate. Now decisions to stop the clock during the…
Real estate stocks fall despite Fed’s move to expand lending
Real estate stocks continued to tumble Monday, in some measures performing worse against the broader market, after Congress failed to pass a nearly $2 trillion stimulus package. Markets closed lower even as the Federal Reserve announced…
Gianaris proposes relief bill for renters and landlords, but not banks
A Queens politician wants to bailout both renters and landlords by sticking it to the banks. State Sen. Michael Gianaris proposed a bill that for 90 days would suspend rents for small business commercial and residential…
NBA legend Patrick Ewing takes $3.7-million loss on New Jersey mansion
Basketball Hall of Famer Patrick Ewing has sold his New Jersey mansion for $2.65 million, or $3.7 million less than he paid for the property in 2007. …
Largest hotel union calls on companies to pay laid-off workers not investors
As hundreds of thousands of hotel workers lose their jobs, the industry’s largest union is calling on the major hospitality companies to forego returning capital to shareholders and instead use the money to pay workers. The…
LA real estate firm buys shuttered church site for $40M
The shuttered Church of the Nativity site in the East Village now belongs to a Los Angeles-based real estate firm. Gemini Rosemont purchased 42-46 Second Avenue from the Roman Catholic Church for $40 million, according to…
Bunker with a bowling alley: How the rich are running from coronavirus
Shooting ranges, movie theaters and bowling alleys: The rich have luxury backup plans as the coronavirus spreads. …
Photos: Empty NYC streets as “New York State on Pause” begins
Gov. Andrew Cuomo’s executive order “New York State on Pause” went into effect Sunday, bringing life in the city to a near halt. The order bars non-essential workers from going out to work. For real estate…
Williamsburg pad hits market for almost $9M
A nearly 4,000-square-foot Williamsburg apartment has returned to the market, asking a whopping $8.75 million. Mark Altman, who works in the transportation industry, put the 10-room home on the market last Friday, the same day Gov….
