Court tosses Mohamed Hadid’s demolition appeal
Mohamed Hadid may have run out of legal avenues to prevent demolition of his notorious Bel Air spec mansion. A judicial panel tossed the real estate developer’s appeal to stay an order to tear down the…
Pandemic may finally push Kushner Cos’ Times Square retail space into default
For the fourth time in five months, Kushner Companies has fallen behind on payments for the $285 million senior loan at its 250,000-square-foot retail space in Time Square. And with the coronavirus pandemic shutting down most…
Coronavirus Recession? What It Would Mean For Real Estate
There might have been some question whether the coronavirus would lead the US into a recession, but the hoarding of toilet paper makes me think it’s certain. …
Celebrity designer LM Pagano asks $4.5 million for artsy Topanga compound
In Topanga, celebrity designer LM Pagano is asking $4.5 million for her bohemian canyon compound with a guest studio and pool house. …
It’s Business As Usual For Thad Young While NBA Is Postponed
“I want to be able to build my own empire and run it when I’m done playing,” Young said. “When someone looks at me 10 years from now, I want them to see that I was…
5 Tips For Selling Your Home During The Coronavirus Pandemic
Here’s what you need to know if your home is still on the market. …
Historic Homes You Can Visit Virtually If You’re Stuck Inside
Because so many tourism sites make their properties available via virtual tours, this is a great time to see some of the places you have been meaning to visit, or would like to tour again. …
Tips for Remaking Your Space While You’re Homebound
Here is some inspiration to upgrade your home, no trips to the store necessary….
Tune in tonight: TRD Talks with Mary Ann Tighe and Scott Rechler
Tonight at 5PM, TRD Editor-in-Chief Stuart Elliott will catch up with two NYC titans on the latest episode of TRD Talks Live. Elliott will talk to Mary Ann Tighe, chief executive of CBRE’s Tri-State region, and Scott…
Trump National Doral restaurant, Eden Roc hotel lay off hundreds
One of Miami Beach’s most iconic resorts and a restaurant at Trump National Doral Miami are among South Florida businesses laying off more than 1,300 workers after hotels and restaurants were forced to close in Miami-Dade…
The coronavirus clause is now a thing in resi deals
Less than a month ago, a “coronavirus clause” in a condo deal was a rare curiosity. But now such clauses have gone mainstream. Real estate brokers across the country have been getting standardized coronavirus-related legal language…
Shelter-In-Place Downturn Leads Compass To Cut Staff By 15%
Robert Reffkin, CEO of the real estate startup, expects 6-month revenue to fall 50%. …
“It’s going to be a liquidity tsunami:” Mortgage firms gear up for missed payments
While historically low interest rates may present a golden opportunity for the issuance of new mortgages, the economic disruption caused by the coronavirus pandemic spells trouble for millions of existing mortgages as borrowers fall behind on…
Eataly in talks with Ashkenazy to gobble up some of Barneys space
As the coronavirus crisis puts a damper on real estate dealmaking in the city, Italian food hall Eataly has recently been in talks to set up a new gourmet emporium at the site of the Barneys…
Bohemian or Business: Identities Collide in Miami’s Coconut Grove
The city’s development boom has finally caught up to a lush haven of shade trees and cafes. Some worry the neighborhood growth is too fast….
Solution To Crowdfunded Real Estate Investing Downsides: DSTs and 1031 Exchange
Two investment structures, the DST and the TIC, solve a problem for crowdfunding real estate investors, allowing them to take advantage of 1031 like kind exchanges and defer taxes on property sales with capital gains. …
A Better Way To Co-Invest In Real Estate: DSTs And 1031 Exchanges
Two investment structures, the DST and the TIC, solve a problem for crowdfunding real estate investors, allowing them to take advantage of 1031 like kind exchanges and defer taxes on property sales with capital gains. …
“The landlord is just a collection agent for the city,” CHIP head argues
The head of an influential New York landlord group has called for city and state officials to think about both sides of the housing coin when crafting policies in the midst of the coronavirus pandemic. “Tenants…
Let There Be Light: The Business Value Of An Office With A View
Before committing to a potentially costly improvement program, it’s important for business leaders to first consider what employees actually want from the spaces in which they work. …
Retail tenants disappearing from Chrysler Building
Aby Rosen’s plan for the Chrysler Building is still under wraps, but one thing is clear: Its longtime retail tenants were not part of it. The arcade space of the Chrysler Building, now largely vacant, used…
