AIG, Goldman lend on Shvo’s “Big Red” buy in Chicago
AIG and Goldman Sachs provided Michael Shvo and his partner with a $240 million loan to acquire Chicago’s “Big...
Bilgili wants Shvo to open his books
“I don’t want to beat on our chest and say that we’re perfect:” Redfin’s Glenn Kelman responds to his critics
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Thomas Keller closing TAK Room, Bouchon Bakery at Hudson Yards
Celebrated chef Thomas Keller has announced that two Hudson Yards eateries, TAK Room restaurant and Bouchon Bakery, will close...
Bilgili wants Shvo to open his books
Turkish real estate mogul Serdar Bilgili tapped his Rolodex two years ago to build a partnership that’s been buying trophy U.S. properties with abandon. But now that Bilgili claims his partner Michael Shvo cut...
REBNY’s RLS chief bows out
The RLS is running without a head. John Canniffe, who joined the Real Estate Board of New York last year to run the residential listings service, has left the trade group for a new...
Airbnb’s Q2 revenue falls by almost 70%
Airbnb’s revenue fell by a reported 67 percent in the second quarter, as the startup weathered the fallout from a halt in global travel. The company’s quarterly revenue plunged to $335 million — down...
Discount retailer Stein Mart files for bankruptcy, plans to close most stores
Off-price retailer Stein Mart is the latest brick-and-mortar chain to file for Chapter 11 bankruptcy protection. The Jacksonville, Florida-based...
Evictions filed pre-Covid can move forward
Evictions issued before Covid-19 shut down housing court can now proceed, but those filed since are still suspended. All evictions started after March 16 — including residential, commercial, nonpayment and holdover evictions — cannot...
Hotel Trades Council president steps down, taps successor
After more than four decades with the union, Peter Ward is stepping down as president of the Hotel Trades...
Former JLL employee sues alleging toxic “boys club”
A former associate in JLL’s New York City office alleges she was fired after speaking up about what she...
Inside The National issue
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“Change is happening”: Inside real estate tech’s race to diversify their boards
A tough job at a rough time: What MWBE contractors face in 2020
Record-breaking surge in Covid cases spells trouble for South Florida’s hotel market
“It’s a need, not a want” for many residents: Investors eye long-term gains in senior housing
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Iranian princess’ Midtown townhouse sells at deep discount
The long and winding and legally entangled road to sell Princess Ashraf Pahlavi’s Midtown mansion has finally reached an...
“I don’t want to beat on our chest and say that we’re perfect:” Redfin’s Glenn Kelman responds to his critics
The shocking death of George Floyd at the hands of Minneapolis police in May prompted real estate executives around the country to speak out...
Shvo’s proposal for Miami Beach resi tower faces opposition
New York real estate developer Michael Shvo’s proposal to build a 200-foot-tall tower beside three Art Deco hotels was...
CBRE closes 2 offices, expands presence at MetLife HQ
CBRE is consolidating its New York City offices and expanding its headquarters. At its MetLife Building HQ, the brokerage...
Tobacco shop Nat Sherman to close after 90 years
Another day, another beloved New York retailer shuts its doors. This time it’s the famed tobacco shop in Midtown,...
Redefining 100% Brokerages
Using technology to disrupt an industry is not an easy task and The Real Estate business is no exception. Growing a business in this climate has been deemed to be impossible. But with strategy...
$242M Harlem mixed-use project will include civil rights museum
Partners have unveiled their plans for a $242 million mixed-use project in Harlem that will include 170 units of...
Home loan applications rise as rates fall to another record low
Applications for home loans rose last week, though concerns about supply and the economy linger. The volume of applications...
Simon, Authentic Brands to buy Brooks Brothers
Brooks Brothers has found its white knight in mall giant Simon Property Group and apparel licensing firm, Authentic Brands...