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,...
Looming interest hikes prompt multifamily lending spree
The Collective unloads Williamsburg dev site to avoid foreclosure
Vornado sweetening Manhattan properties with food delivery partner
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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...
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 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...
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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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...
National
An industrial “David” in a field of Goliaths
If you can’t be bigger than your competition, be smarter and quicker. That could be the mission statement of...
National Issue
Mohamed Hadid’s last stand
For a property that once generated headlines around the world, the sale — when it finally came — landed with a whimper. On an afternoon in early December, from an airy county courthouse in...
Dozen deals spell big week for Manhattan investment sales
The middle of the city’s investment sales market rebounded with a spate of deals in Manhattan to total $307...
Lever House set for $100M redevelopment, restoration
Nearly two years after Brookfield Properties and WatermanClark took control of the Lever House at 390 Park Avenue, the...
Smile! BDG nabs $125M refinancing at Harlem multifamily
Blumenfeld Development Group has 125 million new reasons to smile after refinancing its multifamily mixed-use building in East Harlem....
National Issue Archive
Forfeited profits: Why the feds chronically undersell seized property
UPDATED Oct. 5, 2021, 12:00 pm: The image of a U.S. Marshal giving a tour of Bernie Madoff’s seized...
East Village’s languishing PS 64 nears foreclosure
Gregg Singer, who bought a prime East Village property in the late 1990s for a song only to watch...