MLB journeyman David Segui lists amenity-loaded mansion in Arizona
MLB veteran David Segui is asking $4.5 million for his mid-renovation mansion in Phoenix complete with a swimming pool and tennis court. …
Related halts payments to Hudson Yards EB-5 investors
Related Companies, one of the EB-5 program’s biggest proponents, is halting payments to such investors in Hudson Yards because of volatility caused by the pandemic. In a letter sent last week, a copy of which was…
Realogy upsizes debt offering to $550M
Realogy Holdings is looking to raise $550 million, bolstered by strong demand for a previously-announced debt offering. The brokerage giant announced a $400 million offering of second lien notes on Monday; it upsized that offering on…
Is Covid taking the T out of TAMI?
For those in the very physical world of commercial real estate, recent news from one of the internet’s largest companies has been hard to swallow. Mark Zuckerberg’s announcement that many of Facebook’s 48,000 employees can work…
A Residential Rebound…But What Happens After The Supports Fall Away?
The housing market has leaped back to life, and the high-end apartment buildings are holding up well too, but what will happen after July 31?…
The Housing Market Is Rebounding, But What Happens After Stimulus Support Measures Fall Away?
The housing market has leaped back to life, and the high-end apartment buildings are holding up well too, but what will happen after July 31?…
Prejudice And Discrimination: NYC Brokers And Co-Op Boards Need To Change
We must all, managing agents and brokers alike, refuse to sanction prejudice, even if ignoring it seems easier, even if, this time, it doesn’t touch us directly. …
Macy’s CEO says sales are down 50%, less than expected, as stores reopen
As Macy’s reopens its stores, sales are down 50 percent — better than the retailer’s grim expectations of an 85 percent decline. So CEO Jeff Gennette is calling it a win. Gennette said during a virtual…
AMC may close some theaters in an effort to stay in business
AMC is pressed to get eyes back in front of their screens — but not without some cuts ahead. The world’s largest movie theater chain recently announced that it was facing billions of dollars in losses…
This $18 Million Mountain Lodge Is At One Of The Country’s Most Exclusive Clubs
A 12,500-square foot home at the tony Yellowstone Club in Montana is on the market for nearly $18 million. The Yellowstone Club is known for its superior amenities such as a private ski club and 18-hole…
Michael Stern’s 111 West 57th sees two $30M+ sales
A virtual tour is responsible for at least one contract on Billionaires’ Row. Two condos, both asking around $30 million, have gone into contract at 111 West 57th Street since March, according to the Wall Street…
Simon axes $3.6B Taubman buy
In the latest mega deal to fall apart due to the coronavirus, mall operator Simon Property Group is axing its $3.6 billion deal to buy Taubman Centers. Simon executives on Wednesday said Taubman breached the contract…
House Hunting in Greece: Sugar Cubes on the Aegean Sea for $2 Million
On the popular tourist island of Mykonos, the housing market eagerly awaits the return of foreign buyers….
Mortgage applications to buy homes reach highest level since January
The number of homebuyers applying for loans last week reached levels not seen since January. The purchase index, an adjusted weekly metric tracked by the Mortgage Bankers Association, rose 5 percent last week, compared to the…
$900,000 Homes in Missouri, Georgia and Utah
An 1895 house in Kansas City, a converted 1840s horse stable in Savannah and a Prairie-style bungalow in Salt Lake City….
Housing Affordability In The Post-Covid Property Market
Over recent decades the affordability gap for property buyers has on average continued to stretch as house prices increase, and the inequalities that could deepen as a result of the coronavirus pandemic may lead to greater…
What a toothless de Blasio means for real estate
“The most charitable assessment,” Neal Kwatra said of Mayor Bill de Blasio last week, “is that his mayoralty is currently on life support.” The remark, made to the New York Times, was devastating not just for…
Coronavirus Can’t Stop This Pioneering Apartment Hotel Brand
Pioneering apartment hotel brand Domio is thriving during a travel industry downturn with properties in Miami, New Orleans and Tulum. Customers booking directly through the Domio app are staying an average of 25 nights….
May’s biggest outer-borough loans led by $329M Brooklyn package
Dollar volume for the top-outer borough loans ticked up slightly last month but was still the second lowest total this year. The 10 largest loans were worth $828 million overall in May, the second full month…
Is It Time To Buy A Multifamily Investment Property?
Why is multifamily the strongest asset class during the pandemic? It’s pretty simple: Everyone needs a place to live….
