Convene And The Wing To Close Locations Because Of Coronavirus
Both shutdowns are set to last at least until April 1. …
Cresset Partners-led Opportunity Zone fund raises $465M; targets $750M new fund
Two investment firms have closed on a half billion-dollar Opportunity Zone fund with projects across the country, and have launched a second fund, with a target raise of up to $750 million. Chicago-based Cresset Partners and…
Carlos Boozer sued Prince for turning this home purple. Now it’s asking $30 million
Above the Sunset Strip, an eccentric mansion built as a bizarre bachelor pad and used by stars like Carlos Boozer and Prince is asking $29.995 million. …
U.K. Budget 2020: Impacts On Business, Housing, And Your Money
The new Chancellor of the Exchequer, Rishi Sunak, on Wednesday, March 11 set out the Conservative government’s Budget 2020 against the unprecedented backdrop of a coronavirus (COVID-19) outbreak. …
NYC enacts one-week moratorium on evictions
Amid intensifying public calls for a moratorium on evictions, New York City is halting evictions for one week. Lucian Chalfen, a spokesperson for the New York Office of Court Administration, confirmed that the moratorium will go…
Analysis: As coronavirus spreads, here are all the active hot water violations in NYC
Though the Center for Disease Control is urging the public to wash their hands, some renters may not be able to. An analysis of hot water violations issued in New York City so far in 2020…
Airbnb Just Enforced A No-Charge Cancellation Policy
According to an update made on Airbnb’s Newsroom page, any bookings made in the U.S. before and including today, March 13, that have a check-in date of April 1, 2020 or earlier will now allow guests…
Miami mayor tests positive for coronavirus after meeting with Brazilian president
Miami Mayor Francis Suarez has tested positive for COVID-19 after attending an event in Miami with Brazilian government officials who later tested positive for the virus. President Trump also met with the Brazilians, at Mar-a-Lago, during…
$4.8B buyback does little to stop SoftBank’s fall
SoftBank is set to buy back $4.8 billion in shares amid demands from an activist investor and a volatile stock market. The buyback would represent 7 percent of the Japanese conglomerate’s shares, which have been plummeting….
Coronavirus hits seasonal Coachella Valley tourist economy hard
The coronavirus harms much of the Southern California economy, but few areas as acutely as the Coachella Valley where hoteliers, Airbnb hosts, and hospitality workers depend on tourists’ dollars during what locals call “The Season” —…
Miami-Dade suspends evictions due to coronavirus
Miami-Dade suspended all eviction activities amid the coronavirus pandemic. The county’s police department announced it would not assist with evictions now that Miami-Dade County is under a state of emergency. Mayor Carlos Gimenez, who self-isolated after…
Chorus for moratorium on evictions grows louder in New York
The real estate industry is bracing for a moratorium on evictions in the face of a growing public health crisis. Late Thursday afternoon, New York state Sen. Brad Hoylman, who represents Manhattan, introduced legislation to halt…
Accessory Dwelling Units: An Affordable Solution In Overheated Housing Markets
ADUs are embraced by many as an answer to the problems posed by a lack of housing, and affordable housing in particular …
Mortgage Relief Options Are Available To Homeowners Affected By Coronavirus Safety Measures
Homeowners who are facing a temporary hardship due to the coronavirus have options to postpone mortgage payments. …
Investors reach settlement with Bob Gladstone over $1M mismanagement allegations at 212 Fifth
It’s a sold out, ultra-luxury residential development with the world’s richest man in the penthouse. But a group of investors in Bob Gladstone’s converted condominium at 212 Fifth Avenue this week accused the developer of mismanaging…
ICSC suspends real estate’s biggest trade show due to coronavirus
The largest gathering for real estate dealmakers in the United States is suspending its annual convention in Las Vegas this year due to the coronavirus pandemic. The International Council of Shopping Centers on Friday sent a…
NYC’s largest Chinese restaurant closes amid global health crisis
New York’s largest Chinese restaurant has shuttered. Chinatown restaurant Jing Fong, which can seat up to 800 guests, closed on Thursday due to a drop-off in business due to coronavirus, the New York Post reported. The…
Coffee Talk: Justin Ehrlich and John Gomes on NYC neighborhoods and doing deals during an election year
Luxury residential brokers and distress investors may seem an odd couple, but for Eklund-Gomes’ John Gomes and Churchill Real Estate’s Justin Ehrlich it’s been a perfect match. The Real Deal sat down with Gomes and Ehrlich…
Outfitting a Home for a Child on the Autism Spectrum
Simple design changes can help create a safe and comforting space for children with autism or sensory processing issues….
Hunting a near-extinct species: The New Jersey starter home
For brokers in northern New Jersey, starter home deals move with remarkable velocity. “The minute we have a starter home for sale now, it hasn’t been a week, and we have offers,” said Deborah Bruen, who…
