Flex office company Knotel slashed its 400-person workforce by half, as the coronavirus pandemic has drained the unicorn startup’s membership base. Knotel laid off or furloughed 195 employees worldwide today, Commercial Observer reported. “Business as usual…
The long term impacts of the coronavirus pandemic will not be fully known for months or even years, but one major question has already come up: if now widespread working from home becomes standard practice, what…
Knotel, a rival to WeWork that leases office space to larger companies, has laid off 30% of its workforce and furloughed another 20%, becoming the latest venture capital-backed real estate firm to bow to the impact…
After a brief procedural hiccup, Congress’ $2 trillion economic stimulus package is on its way to the desk of President Donald Trump. U.S. Representatives raced back to Washington on Friday to pass the coronavirus response measure…
The central bank’s multi-trillion-dollar intervention to help companies facing a credit crunch leaves struggling malls, hotels and other properties out in the cold. Earlier this week the Federal Reserve announced it would launch an unprecedented program…
After seven months of due diligence, developer Michael Shvo bet on New York real estate emerging from the coronavirus pandemic last week — by making an offer to buy a building on Fifth Avenue. “What we’re…
Luxury bunker owners are preparing for the worst and ready to protect their families amid fear of civil unrest amid the pandemic. Swimming pool sold separately. …
Marc Jacobs has officially closed on the sale of his West Village townhouse, reaping a mere $50,000 more than he paid for it more than a decade ago. Jacobs sold his four-story townhouse at 68 Bethune…
Actress Mamie Gummer just sold her rustic Hollywood Hills treehouse to Jennifer Nicholson for $1.65 million, or $155,000 more than she was asking. …
Tenants have begun telling the shared office giant they can’t pay rent, while the company says they must as long as its doors remain open and it still has to make its own lease payments. …
Tenants have begun telling the shared office giant they can’t pay rent, but the company says they must as long as its doors remain open and it still has to make its own lease payments. …
After facing pressure from city officials and workers, the state is shutting down all construction except work on infrastructure, healthcare facilities and affordable housing. The Empire State Development Corp. updated its guidelines Friday, saying only work…
Prestige, glamour and Central Park views proved no match for the microscopic coronavirus as the Plaza Hotel stopped taking guests Friday and announced 251 layoffs. “We fully support our local authorities as they work to halt…
Major shifts expected in Britain’s housing market …
Major shifts expected in Britain’s housing market …
Gatherings are out, but virtual gatherings are in. Here are some real estate webinars coming up next week. Host: Mortgage Bankers Association Date: April 1 Time: 2 p.m. to 3 p.m. EST The Mortgage Bankers Association…
The three main trade associations for New York City’s landlords are jointly asking the city to put off a vote on rent increases for rent-stabilized housing. In a letter, the Rent Stabilization Association, Community Housing Improvement…
WeWork says it won’t be hitting its targets this year because of the coronavirus. In a letter to bondholders, CEO Sandeep Mathrani and Executive Chairman Marcelo Claure wrote they no longer expect to meet their 2020…
Pursuing his dream of rebuilding the beloved ballpark, a die-hard follower found the stadium blueprints buried in a municipal subbasement….
When the opportunity zone program began in 2017, some predicted more than $100 billion in private investment would be injected into low-income communities nationwide. After a slow start, some of the program’s promise is being realized….
