‘Dunkirk’ cinematographer Hoyte van Hoytema finds a nest in the Bird Streets
In Hollywood Hills, “Interstellar” and “Dunkirk” cinematographer Hoyte van Hoytema has shelled out $2.16 million for a ranch-style home. …
China is home to the most real estate billionaires
The largest share of the world’s real estate billionaires are from China, according to The Real Deal’s analysis of Forbes’ 2020 “World’s Billionaires List.” Chinese billionaires comprise almost 42 percent of all real estate billionaires, followed…
Live Nation wants to renegotiate rents
Live Nation Entertainment is live music’s dominant force and among the biggest occupiers of space in the events business. But the company is now looking to make big spending cuts, including renegotiating on $2.3 billion in…
Retail landlords are creating a blacklist of tenants who aren’t paying rent
While mom-and-pop retailers may be feeling the economic pain of coronavirus the hardest, some bigger companies have decided to forgo rent payments as well. But landlords aren’t buying it. Owners of malls and shopping centers have…
Landlords see chance to advance eviction cases
Attorneys representing landlords are hoping judges will let pending eviction cases go forward, after a court memo released late last week opened the door for virtual proceedings. On the heels of Chief Judge Janet DiFiore’s announcement…
Millions of households are no longer making mortgage payments
As unemployment soars and the economy slows, millions of U.S. households are no longer making their monthly mortgage payments. Data from the Mortgage Bankers Association shows that about 3.74 percent of home loans were in forbearance…
NYC signs $250M hotel room contract to house patients, personnel
In its ongoing quest to free up space in medical facilities while the coronavirus continues to spread, the city has tapped a lodging logistics firm to help provide hotel rooms for patients who are not sick…
Second Take: The Waldorf’s pandemic woes
One of the most anticipated new development projects in recent New York history launched smack in the middle of a global pandemic. The Waldorf Astoria hoped to cash in on its pedigree and attract well-heeled buyers…
Michael Stern sued by former investor in Miami mixed-use tower
New York developer Michael Stern allegedly welched on paying $10 million to another investor for securing rights to build a mixed-use tower in Miami’s Brickell neighborhood, according to a recently filed lawsuit. Southside Place LLC is…
Plunge in Convention Hotel Travel Puts Municipal Bonds at Risk
The industry can withstand a downturn of a month or two, experts say, but a longer delay could hamper financing for projects in development….
Mayor’s tenant agenda short on muscle
A “renter relief” agenda unveiled Monday by Mayor Bill de Blasio is good news and bad for the real estate industry. The plan offers no help for landlords to complement the benefits it would extend to…
Who’s hiring during the pandemic? Retailers and e-commerce companies, apparently
The coronavirus pandemic dealt a serious blow to a wide swath of the retail industry, shutting down stores deemed non-essential and driving down consumer demand for discretionary products. But some other retailers are doing better than…
For Haim Chera, the opportunities are as big as the challenges
The retail apocalypse delivered a one-two punch to Vornado Realty Trust last year when a pair of its largest retail tenants filed for bankruptcy. The first came in May 2019, when British apparel company Topshop announced…
How Proptech Will Help Renters Navigate The Next Recession
It’s during times of market instability that we have the greatest opportunity to change our institutions and lay the groundwork for a more equitable society. …
When This Crisis Ends, People Will Still Need A Place To Live
Now, more than ever before, we realize how interconnected we are, and how, in many ways, we need to challenge preconceived notions about what is — and is not — good for society. …
Agents: Are Your Response Rates Low? Three Mistakes You May Be Making
Getting leads is one thing, but getting a response from those leads? That’s a whole different ball game — and it’s where most agents struggle. …
“I don’t want to chase money from a desperate person”: Commission advancers pull back on broker lending
In an industry of independent contractors whose fortunes hang on the ebb and flow of dealmaking, little-known commission advancing companies provide a key source of liquidity for residential brokers in need of cash between closings. But…
Thinking Of Selling Your Home? How To Decide Between A Boutique And A Big-Box Brokerage
When it comes to selling a home, a one-size-fits-all approach doesn’t always apply. …
New York City In 2020: How An Election Year And New Laws Impact Buyers, Renters And Sellers
Real estate sales and rentals in New York City are impacted by a huge variety of circumstances, from the time of year to new laws and regulations that are put into effect by the city and…
The Host of WNYC’s ‘All of It’ on Being a Homebody
Thanks to the virus, Alison Stewart is broadcasting from home. But even if renovation No. 4 had to be postponed, there’s still plenty to love about her Chelsea apartment….
