Coronavirus Has New Yorkers Fleeing The City And Hunting For Second Homes
A family with five kids in private school and living in a Manhattan loft decides to try the suburban experiment once the pandemic hit. …
The Lessons Real Estate Leaders Have Learned From The Coronavirus Pandemic
Several leaders in the real estate industry share what they’ve learned from this experience and the steps they’re taking to shore up their businesses in the future. …
Tom Barrack’s Colony Capital defaults on $3.2B in loans
Tom Barrack’s prediction that the commercial mortgage market would collapse has now hit close to home. The magnate’s Colony Capital has defaulted on $3.2 billion in loans backed by hotel and health care properties, according to…
Home prices cooled in these global cities in Q1
The first quarter saw prices for high-end homes fall in many cities across the globe as the coronavirus pandemic brought some markets to near standstills, but others saw prices still rise. A Knight Frank report on…
What COVID-19 Means For Your Mortgage
Mortgage relief….
Who made de Blasio’s real estate reopening council — and who didn’t
It’s rarely a good sign when a press release is issued late on a Friday afternoon, as was the case this week when Mayor Bill de Blasio unveiled his construction and real estate advisory council. That’s…
Cuomo extended the state’s eviction order — but there’s a big catch
Gov. Andrew Cuomo announced this week that he had extended the state’s eviction moratorium through August — but downplayed how much the measure would change after June 20. The governor said Thursday that the eviction moratorium…
Coronavirus could set back the pro-density movement
The movement toward dense, transit-adjacent development picked up steam over the last few years, but the coronavirus pandemic might prove to be a big setback. The pandemic has forced a quick national pivot toward telecommuting, which…
Bars and music venues across America worry they’ll never reopen
The coronavirus pandemic has forced scores of small bars and clubs across the country to shut their doors and some owners fear they won’t open back up. Entertainment operators, both corporate-backed large companies like Live Nation…
Will insurers cover coronavirus-related business losses? We may soon find out
A business insurer’s position that it isn’t required to cover coronavirus-related losses is set to face a legal litmus test. A Las Vegas-based company with a CNA Financial’s subsidiary’s policy filed a class-action lawsuit against the…
Hot Property: Philip Rivers looks to hand one off in San Diego
Longtime Chargers QB Philip Rivers has put his San Diego home up for sale. Kylie Jenner buys in Bel-Air. OneRepublic’s Brent Kutzle lists in Topanga. …
Home of the Week: Spanish Colonial gem remains stellar in Pasadena
In Pasadena, the E. Lawrence Brown House, a stellar example of the Spanish Colonial Revival style, is for sale at $4.25 million. …
For Renters And Landlords, The Worst Might Be Yet To Come
A slate of issues – from lapsing governmental protections to growing unemployment – threatens tenants’ resiliency to keep paying rent, which, in turn, jeopardizes property owners’ ability to avoid disruptive mortgage defaults. …
Landlord must fix, not raze, “deplorable” Chelsea buildings: court
A Chelsea landlord must repair three rent-stabilized buildings and pay tenants $126,000 for neglecting maintenance until they had to vacate, a housing court judge ordered this week. The owners of 219-223 West 24th Street — entities…
Brookfield Property’s Q1 losses come as retail tenants miss payments
Brookfield Property Partners is now negotiating with 2,400 of its retail tenants across the country who have been unable to come up with the rent. That inability to pay has cut deeply into Brookfield’s bottom line….
Honey co-founder Ryan Hudson buys sweet digs in Hollywood Hills
Honey co-founder Ryan Hudson has bought a slick Midcentury Modern home in Hollywood Hills for $3.65 million. …
Chef Zach Pollack puts Silver Lake home on the menu
Zach Pollack, chef and owner of L.A. restaurants Alimento and Cosa Buona, has listed his Silver Lake home for sale at $1.495 million. …
Whose sale is it anyway? Keller Williams targets former top agent for advertising past deals
Jesse Weinberg received an unusual email April 22 from a lawyer who represented Keller Williams, Weinberg’s brokerage until he left in February. “It is both improper and unethical for you to advertise any sales under Keller…
Douglas Elliman’s losses mount. And the worst is yet to come
Douglas Elliman is preparing for an unforgiving market ahead. During an earnings call for the brokerage’s parent company, Elliman chairman Howard Lorber said the firm cut staff by 25 percent, reduced all salaries by 15 percent…
Asia-Pacific 1st Qtr Real Estate Investment Plunged By 26% Amid Pandemic; Bounce Expected
“We see this reduced activity continuing into the second quarter, with trading volumes likely to bounce back more strongly in the second half of the year,” said Stuart Crow, CEO, Capital Markets, Asia Pacific at JLL….
