JPMorgan Chase is tightening its mortgage lending standards just as the federal government has been pumping massive amounts of money into the crippled economy to create liquidity. Borrowers will now need a credit score of at…
Multifamily investment sales have yet to recover from the impact of last year’s momentous rent-law reform, continuing the slump through the first quarter of 2020. First quarter investment sales of multifamily properties over $2.5 million have…
Only 20 percent of the Related Group’s commercial tenants paid their rent in April, executive Jon Paul Pérez said during The Real Deal’s webinar on Friday. “If you get 20 percent you’re sort of happy and…
Battery Park City and the Financial District are beginning to feel the first effects of the pandemic. Leasing activity in Lower Manhattan plummeted last quarter, while its sales market was a mixed bag, according to quarterly…
For the third week in a row, just two luxury contracts were signed in Manhattan last week. The total across all three weeks was a 90 percent drop on contracts signed compared to the same period…
The oceanfront home of billionaire philanthropist Eli Broad is for sale in Malibu at $75 million. …
New York, along with five neighboring states, will form a working group to determine how to best reopen the economy. Gov. Andrew Cuomo, along with the governors of New Jersey, Connecticut, Rhode Island, Pennsylvania and Delaware,…
With offices and shops shuttered, hotels at low occupancy rates and restaurants relegated to delivery, the commercial sector has been hit hard by the coronavirus pandemic. Tonight on TRD Talks, we’re bringing together the leaders who…
The Trump Organization’s Trump International Hotel & Tower in Manhattan has laid off 70 employees, a filing made public Monday shows. The layoffs took effect in late March and were caused by the coronavirus pandemic, according…
Nearly every person hired at WeWork received options as part of their compensation, including cleaners, architects and sales managers. Many are now stuck with shares they hoped to sell to SoftBank. …
A sprawling estate in a remote corner of the Sierra Nevada mountain range is on the market for $25 million. …
New York’s top real estate lobby group joined business advocates from across the city Monday to call for more relief for businesses and for households struggling to pay rent and mortgages. In a letter to New…
If the lending pipeline can’t be rapidly unclogged and if income can’t get into consumers’ pockets to create demand, we should expect to see a lot of small businesses close, many of them soon and many…
SoftBank is preparing its shareholders for what executives think could be one of its worst fiscal years in the conglomerate’s 39-year history. Masayoshi Son’s company expects its $100 billion Vision Fund— which includes a massive investment…
Looking to build your dream home? Take a look at what raw land roughly $100,000 buys right now in six L.A. County communities. …
Jonathan Rose Companies bought a large affordable-housing apartment building on the Upper West Side for $94 million. The Midtown-based company paid $93.83 million to buy the 217-unit Tower West building at 65 West 95th Street from…
In response to the economic upheaval caused by the coronavirus, central banks around the world have cut interest rates to historic lows. Following a quarter-point rate cut in early March, the U.S. Federal Reserve cut rates…
For homeowners needing cash to respond to COVID-19, using a cash-out refi to tap home equity could make sense. …
Flattening the curve by keeping most of the country at home is what medical experts believe will allow the U.S. to recover from the coronavirus pandemic. But according to developer Don Peebles, doing so “with blinders…
Several lenders provided hard numbers which show both the demand and the headwinds the market is facing. …
