Jason Statham seeks $7 million for Hollywood Hills Midcentury
After unloading his Malibu beach house for $18.5 million, movie star Jason Statham is seeking $6.995 million for his Hollywood Hills Midcentury. …
Safehold finances 685 Third ground with $135M from John Hancock
The owner of the ground under 685 Third Avenue closed on financing for the fee interest. Safehold, the iStar-managed ground lease REIT, secured a $134.8 million mortgage from John Hancock Life Insurance Company for its fee…
Why Neiman Marcus Is Bucking The Trend To Shut Most Of Its Last Call Stores
At a time when off-price retail, or the business of selling name brand products at a discount, is hotter than ever, luxury retailer Neiman Marcus is cool on it: it’s shutting most of its Last Call…
Neiman Marcus Bucks The Off-Price Trend, Shuts Most Of Its Last Call Stores
At a time when off-price retail is hotter than ever, luxury retailer Neiman Marcus is cooling on it. …
Why Neiman Marcus Is Ditching Discount—Despite Off-Price Retail Being Hotter Than Ever
Neiman Marcus is shutting most of its Last Call off-price discount stores to double down on its full-priced luxury business. …
Why Neiman Marcus Is Ditching Discount—Even As Off-Price Retail Is Hotter Than Ever
Neiman Marcus is shutting most of its Last Call off-price discount stores to double down on its full-priced luxury business. …
New York tenant group demands eviction moratorium in wake of health crisis
The group behind last year’s rent law reset is using a public health crisis to demand more tenant-friendly changes. Housing Justice for All (HJ4A) — a coalition of tenant groups including Make the Road, New York…
Carol Channing’s Rancho Mirage home sells for just under $1 million
The Rancho Mirage home of Tony Award-winning actress Carol Channing has sold for $990,000. The “Hello, Dolly!” star bought the property in 2008 for $1.129 million. …
RXR is looking for space…to park a $500M ship?
Scott Rechler’s dreams are afloat. RXR Realty is embarking on a $500 million renovation project that will turn a 1950s-era ship into a hotel, Bloomberg reported. Rechler, the company founder and CEO, is now shopping plans…
US hotels report plunging occupancy rate on coronavirus fears
It’s official: the coronavirus outbreak has hit the fundamentals of U.S. hotels. The occupancy rate nationwide plunged 7.3 percent from this time last year to 61.8 percent, according to data released Wednesday by hotel research firm…
Halsey sells jagged, modern Hollywood Hills home for $2.375 million
In Hollywood Hills, singer Halsey has sold her custom home full of jagged, contemporary living spaces for $2.375 million. …
Charles Urstadt, architect of vacancy decontrol, dies at 91
Charles Urstadt, a former state official whose impact on New York’s real estate policy is still felt today, died on March 3 at his home in Bronxville, New York. He was 91. Hailing from a New…
Coronavirus spurs refinancing spree as rates sink to 50-year lows
Homeowners are rushing to refinance amid historically low mortgage rates. The volume of refinance applications grew 79 percent in the first week of March — the highest since the post-recession period, Yahoo Finance reported, citing data…
Hall & Oates guitarist G.E. Smith offers up Palm Beach bungalow
In Florida’s Palm Beach, guitarist G.E. Smith of Hall & Oates and ‘Saturday Night Live’ is asking $1.995 million for his coastal cottage. …
Meridian Capital employee tests positive for coronavirus
A New York-based employee at Meridian Capital Group, one of the most active commercial real estate brokerages in the country, has tested positive for coronavirus. “We were recently notified of a possible exposure to coronavirus (COVID-19)…
Blackstone sells office tower at 44 Wall Street for $200M
Dallas-based Gaedeke Group has purchased 44 Wall Street from Blackstone for $200 million, the company announced on Wednesday. George Comfort & Sons will operate the building on Gaedeke’s behalf, and the firm also advised Gaedeke on…
Refinance Applications Surge To Decade High As Mortgage Rates Hit Record Lows
As mortgage rates reach lowest levels on record, refinance applications surge to the same heights as during the recession. …
Refinance Applications Surge To Decade High As Coronavirus Fears Push Mortgage Rates To Record Lows
As mortgage rates reach lowest levels on record, refinance applications surge to the same heights as during the recession. …
Coronavirus slams into Manhattan’s home-listing season
March is usually the busiest month of the year for Manhattan homeowners to list their properties in order to get ready for the busy spring buying season. But as the coronavirus pandemic spreads across the region,…
Knotel hires Accordion Partners executive as CFO
Office-space company Knotel has installed a new chief financial officer, as the firm cuts back on growth to pursue profit. The firm said Wednesday it had hired John Jureller, a former managing director at private equity…
