Hollywood screenwriters close the book on romantic Beverly Hills home
Screenwriters Jennifer Crittenden and Bill Wrubel sold their Beverly Hills home for $3.535 million just a few months after buying in Hancock Park. …
Bushwick office building trades for $44M, sign of life for i-sales market
Transition Acquisitions has purchased a six-story office building on Flushing Avenue in Bushwick for $44 million. The property at 1300 Flushing Avenue spans about 105,000 square feet, according to the city. Transition bought it from Alcion…
Chargers exec Michael Spanos hands off Pebble Beach estate
L.A. Chargers vice chairman Michael A. Spanos has sold a Pebble Beach home he owned in a trust for $8.995 million. …
Tony Malkin is shaking things up at Empire State Realty Trust
The owner of the Empire State Building is overhauling the company’s operations. Tony Malkin, whose Empire State Realty Trust owns the iconic skyscraper, is taking over as president of the real estate investment trust, according to…
How a Once-Loathed Brooklyn Arena Became a Protest Epicenter
Barclays Center helped displace hundreds of residents and businesses, but its plaza has become a town square amid the local Black Lives Matter movement….
The pandemic has brought a silver lining for Lennar
Lennar Corp., seen as a bellwether for the U.S. housing market, is actually seeing some benefits from the pandemic. The Miami-based homebuilder’s executive chairman Stuart Miller said on its earnings call on Tuesday some buyers from…
Fitzpatrick Hotel rehires staff just to lay them off again
The past three months have been a rollercoaster ride for staff at the Fitzpatrick Hotel as they’re being laid off yet again. The hotel’s location at 687 Lexington Avenue near Grand Central laid off staff at…
Knotel lost $223M before the pandemic struck
Flexible-office provider Knotel lost $223 million last year — even before coronavirus flipped the office market on its head. Company financials, obtained by Business Insider, reveal the startup lost $49 million during the first quarter, ending…
GFI Capital pays $110M for majority stake in James Hotel
New York’s hotel market appears ripe for opportunity investors, as Allen Gross’ GFI Capital has upped its stake in the 337-key James Hotel in NoMad for what seems like a big discount. GFI has paid $110.5…
Confusion reigns over evictions as housing court reopens
As housing court begins to reopen, confusion reigns over whether certain evictions can proceed. New York City’s top housing court judge on Monday said the state administrative judge’s March order halting evictions statewide still stands —…
Two-Thirds Of Home Sellers Would Accept A Lower Purchase Price, Survey Says
Nearly 90% of the 1,000 home sellers LendingTree surveyed in late April expressed concern that their home would not sell. …
Editor’s note: Our reality is virtual
A few weekends ago, sheltering in place from the coronavirus, witnessing the looting in cities amid peaceful protests and watching the first manned commercial spaceflight in history, I thought how future generations would probably look back…
Tech Giants Will Lead The Covid Recovery In New York Real Estate
Google, Amazon, Facebook, Apple and Microsoft have been on a leasing and purchasing binge in the city to the tune of 3 million square feet per year for past three years. …
U.S. retail sales follow largest drop on record with largest increase
A month after recording the worst single-month drop on record in April, retail sales in the U.S. rose by a record 17.7 percent in May, according to statistics released Tuesday by the Department of Commerce. The…
The Real Deal’s June national issue is live for subscribers
The Real Deal‘s June national issue has gone to press and will start hitting doorsteps later this week. But subscribers can check out the full issue online today — including in-depth coverage of the latest news…
Estimated $234 Billion Required As Fannie Mae, Freddie Mac Transition Out Of Federal Conservatorship
The pressure is on to move Fannie Mae and Freddie Mac out from under government control. But the 424-page proposal has big money requirements. …
Mortgage Fees To See These Increases As Freddie, Fannie Take Steps To Exit Fed Control
The pressure is on to move Fannie Mae and Freddie Mac out from under government control. But the 424-page proposal has big money requirements. …
Mortgage Fees Could See Increases As Freddie, Fannie Take Steps To Exit Fed Control
The pressure is on to move Fannie Mae and Freddie Mac out from under government control. But the 424-page proposal has big money requirements. …
NYC overhauls housing lottery application system
New York City’s online housing lottery application system is getting a much-needed overhaul, as the coronavirus pandemic has put the city’s households under unprecedented economic stress. The NYC Housing Connect system was known for randomly crashing…
Simon, Brookfield and Authentic Brands in talks to buy J.C. Penney
J.C. Penney could be the next bankrupt retailer to get scooped up by Authentic Brands Group and the country’s largest mall owners. The brand management company, along with Simon Property Group and Brookfield Property Partners, is…
