Cleveland investor makes big NY entrance with $300M MetroTech buy
A Cleveland-based investor with a portfolio of government-leased properties is making a big splash in New York. Boyd Watterson...
Judges thwart evictions despite moratorium’s end
Roofstock ramps up iBuying, even with tenants in place
The Collective unloads Williamsburg dev site to avoid foreclosure
Vornado sweetening Manhattan office properties with food delivery partner
Latest News
Park Avenue Tower snags two more financial tenants
EQ Office’s Park Avenue Tower, a hub for financial services tenants, snagged two more in recent deals. Asset manager...
National
Goldman Sachs hints at return-to-office plans after Omicron delay
After a nationwide surge of new coronavirus cases delayed major employers’ plans for in-person work, Goldman Sachs is readying...
Troubled FiDi Holiday Inn asking $187M
The Financial District Holiday Inn may be the tallest in the world, but that distinction hasn’t been enough to keep it afloat amid a failed sale and foreclosure. The 50-story hotel at 99 Washington...
Roofstock ramps up iBuying, even with tenants in place
Despite Zillow’s iBuying fiasco, other companies are still pursuing the strategy, each with its own approach. For investing platform...
National Issue
Tech firms’ housing pledges coming up short
Two years after Apple, Google, and Meta vowed to spend $4.5 billion to create more than 40,000 new homes...
Tri-State
“Nothing has changed”: Judges thwart evictions of nonpaying tenants
For Schenectady landlord Romeo Budhoo, the end of the eviction moratorium this month should have been his shot at...
National
Sam Zell’s Equity Lifestyle Properties invests $147M in manufactured homes
Sam Zell is betting big on manufactured homes. Zell’s Equity Lifestyle Properties paid $105 million for RVC Outdoor Destinations,...
National
Proptech stars — they’re just like us: Future City attendee spotlight
You may have more in common with some of the leading proptech players than you think. For example, from...
Inside The National issue
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Out of many, one: Inside proptech’s record year of M&A
Cashed out: Nonwhite homeowners denied access to refi bonanza
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Madison Capital signs wellness company in Brooklyn office
Care/of is coming to Liberty Bklyn. Madison Capital and Salmar Properties closed a 79,053-square-foot lease with the popular direct-to-consumer...
National Issue Archive
Developers are finding new lives for “zombie” malls
It took two weeks for the body to be discovered. Police in Gwinnett County, Georgia, revealed the grisly finding:...
The Collective unloads Williamsburg dev site to avoid foreclosure
Bankrupt co-living company The Collective sold its Williamsburg development site for $54 million, allowing it to avoid foreclosure and...
Vornado sweetening Manhattan office properties with food delivery partner
Office landlords have gotten creative with the wide variety of amenities they’ve dangled in front of tenants in recent...
Looming interest hikes prompt multifamily lending spree
With deferrals down, earnings up and multifamily buildings eagerly borrowing, New York Community Bank, one of the city’s largest...
National
These retailers fell behind on rent last year
The pandemic has all but ceased to be an excuse for retailers to skip rent. Collections from national tenants...
NYCHA fires 18 workers in overtime pay probe
NYCHA has fired a slew of employees the agency says it identified in an investigation over false claims of...
National
Centerbridge closes $2B real estate fund
Three years after closing its first real estate fund, Centerbridge Partners has found even more interest the second time around. The private investment firm on Tuesday announced the closing of its second real estate...
New York rent relief contractor boasted about profits as program struggled
The head of the firm running New York’s Emergency Rental Assistance Program touted the company’s earnings as the program...