Will Coronavirus Be The Real Retail Apocolypse?
What is the long term impact of coronavirus going to be on stores? New research suggest over 20,000 stores will never reopen and potentially over 235,000 will be lost. …
Edward J. Minskoff Equities buys Dumbo property for $62M
Edward J. Minskoff Equities has purchased a property in Dumbo that was recently rezoned to accommodate a 200,000-square-foot office building, according to property records and sources familiar with the deal. The real estate firm bought 35…
What $750,000 buys in three San Diego County cities
Take a look at what roughly $750,000 buys right now in San Diego, Escondido and La Mesa in San Diego County. …
How To Stand Out From Other Real Estate Investors
There are a few key ways to stand out that you should be aware of if you’re losing out on deals because you aren’t the highest bidder. …
“Crisis management:” James Whelan talks REBNY priorities
Real Estate Board of New York President James Whelan says the coronavirus has transformed his role into “crisis management seven days a week.” Whelan spoke with The Real Deal this week about what guidance the trade…
Five Ways To Prepare Your Business For An Emergency
If you are not prepared for an emergency, you risk putting yourself and your company in a position to suffer more losses than you think. …
Here’s How The Coronavirus Stimulus Bill Would Help Homeowners
Homeowners with federally backed loans can request mortgage forbearance for nearly a full year. …
She Wanted an Investment Property She Could Live In. Here’s Where She Found It.
To keep her budget in check, a young buyer considered adding roommates or leaving Manhattan. Which of these three homes did she choose?…
What The $2 Trillion Stimulus Package Means For Housing
Passed by the U.S. Senate, the Coronavirus Aid, Relief and Economic Security Act – CARES Act – consolidates rules on evictions, foreclosures and payment forbearance amid COVID-19. …
Massive stimulus package has limited upside for real estate
U.S. markets started Wednesday with a burst of optimism, as a $2 trillion stimulus deal had been reached between the White House and Congress. But as the day went on, the proposed legislation became mired in…
The Personal Economic Impact of the Covid-19 Crisis
My sincere hope is that those who find themselves out of their pre-coronavirus businesses will find bigger and better things to accomplish in the post-coronavirus world. …
Manhattan Real Estate Market Hits Historic Lows Amidst Coronavirus Pandemic
The number of signed contracts fell to the lowest number since the week of Superstorm Sandy in 2012. …
Now cash-constrained, REITs face “potential existential crisis”
Covid-19 has been battering real estate investment trusts, some of which have had to shut down hotel, mall and other properties to prevent the spread of the virus. The closures have strained the cash flow of…
“Sleep No More”’s McKittrick Hotel announces layoffs
An LLC associated with the popular “Sleep No More” production at New York’s McKittrick Hotel has notified the state of layoffs. Callers to the hotel are greeted with a recorded message that says, “We are disappointed…
South Florida commercial real estate closings face delays and cancellations due to coronavirus economic meltdown
A month before the closing date, commercial broker Jaime Sturgis just had to kiss goodbye a nearly $1 million multifamily deal. Sturgis, founder and CEO of Fort Lauderdale-based Native Realty, said he represented the seller of…
‘Avengers’ director Anthony Russo cuts loose from Los Feliz home
‘Avengers’ director Anthony Russo just sold one of his two properties in Los Feliz for $2.05 million, more than double what he paid for it nine years ago. …
Second Take: Compass layoffs and a renter-landlord relief bill
The reporters behind The Real Deal’s coverage of layoffs at Compass and a bold rent-relief bill in New York joined — by video conference — Associate Publisher Hiten Samtani for a deeper discussion of the two…
Rechler, Tighe assess pandemic’s effects on NYC real estate
The coronavirus pandemic has awakened the greatest sense of civic responsibility the country has seen since World War II, even as the best response to it — isolation — is diametrically opposite that of prior crises,…
Tom Petty’s former Encino mansion sells again for $4.895 million
Tom Petty’s longtime Encino mansion has traded hands for the third time in four years, selling for $4.895 million. …
Hotels get pummeled as demand nosedives for a second week
The hotel industry suffered another devastating week, as cities like New York and San Francisco saw more than eight out of every 10 hotel rooms sit empty. Occupancy levels in those two cities plunged more than…
