CoStar adding $1.25B to war chest
CoStar wants to add $1.25 billion to its war chest. The data giant announced the sale of common stock Tuesday. In a regulatory filing, the company said it would use some of the proceeds to fund…
Alex Sapir wants to take his firm private. This could be the right time
Alex Sapir has another chance to do something he failed to pull off three years ago — seize greater control of his eponymous real estate investment firm by buying out its outstanding shares and going private….
70% Of Homeowners Seeking Mortgage Relief Don’t Actually Need The Help
According to a new study, most homeowners seeking mortgage forbearance don’t actually need the help….
“For years we all laughed at them”: office brokers warm to virtual tours
Smaller buildings could be the next big idea for office developers. “I think you’ll see development; it might be more bespoke in nature,” said Savills’ David Goldstein, in a TRD Talks panel Monday on the future…
Borough leaders will talk reopening on TRD Talks
At 5 p.m. on Wednesday, May 20, borough presidents Gale Brewer of Manhattan, James Oddo of Staten Island and Eric Adams of Brooklyn will join TRD‘s Erik Engquist to talk politics, development and restarting the city’s…
About 25% of NYC renters didn’t pay in May: survey
About one quarter of New York City apartment dwellers haven’t paid their May rent, highlighting the impact the coronavirus crisis continues to have on residents and property owners. About 25 percent of residential tenants skipped rent…
Kushner Companies moving from 666 Fifth to GM Building
No longer will Kushner Companies executives have to be reminded every time they set foot in their headquarters about the risky decision that plagued the firm for years. The real estate company is moving its headquarters…
KISS guitarist Tommy Thayer seeks sale of Lake Sherwood villa
KISS guitarist Tommy Thayer has listed his customized home in Ventura County’s Lake Sherwood community for $2.75 million. …
Game point: Lacoste USA is restructuring, renegotiating retail leases
A nearly 90-year-old French sportswear label is calling the game for its American retail business. Earlier this month, Lacoste USA’s chief financial officer Karine Sansot-Vincent sent a letter to its landlords announcing that it would seek…
Feng Shui’s Potential Health Benefits
Maybe you’ve heard of feng shui. A quick Amazon search turns up 75 pages of English language books on the subject. Clearly, there’s strong interest in its potential to enhance your living space. Is there potential…
San Francisco’s Sexiest New Residence Offers Posh Virtual Real Estate Tours
Four Seasons Private Residences at 706 Mission is the hottest real estate offering in San Francisco this year, with 146 private residences just steps from the San Francisco Museum of Modern Art. Amidst the coronavirus crisis,…
Coronavirus lockdown stifles Southern California home sales. But prices edge up
Home sales were down considerably in Southern California in April, but the Southland’s median sales price continued to climb. …
Manhattan home deals jumped 52% last week
The losing streak is over. After dropping for six consecutive weeks, the number of Manhattan homes that went into contract finally went up, an UrbanDigs report shows. The data firm found 47 contracts were signed last…
The Long Term Burdens Of Family-Owned Real Estate
Poor or nonexistent planning can turn long-term family ownership of real estate into a headache for everyone involved….
Cast away: Pier 1 to liquidate assets, shutter business
Pier 1 Imports’ plan to sell the home decor company has turned into a plan to shut down, becoming the latest retail casualty of the coronavirus pandemic. The chain has filed a motion seeking approval from…
Walt Disney’s former home in Palm Springs sells for the asking price
A Palm Springs home built for Walt Disney and his wife Lillian in 1962 has sold for $1.095 million. …
Katerra CEO steps down from construction startup
Katerra CEO and co-founder Michael Marks is stepping down to work full-time as managing partner for one of the construction startup’s investors. Katerra CEO and co-founder Michael Marks is stepping down from the Softbank-backed construction startup…
‘Umbrella Academy’ creator Steve Blackman snags Encino farmhouse
‘Umbrella Academy’ creator Steve Blackman recently dropped $5.25 million on a newly built modern farmhouse in Encino. …
The Post-Pandemic Marketplace: These Buyers Will Conquer NYC Real Estate
While all theories remain speculative at this point, I have a few about who will be buying, who will be selling, and why in NYC real estate……
Brookfield’s planned $800M sale of massive SoFla resort called off
Jeffrey Soffer’s planned purchase of Brookfield Property Partners’ 1,000-room Diplomat Beach Resort Hollywood is called off, as hoteliers nationwide reel from the impact of the coronavirus pandemic. Brookfield reported in its first quarter earnings filing that…
