With offices in flux, Empire State Realty Trust is pivoting to apartments
As the pandemic continues to cast a shadow of uncertainty over Manhattan office properties, the owner of the Empire...
REBNY-CoStar portal to let agents buy top placements
Realogy plans to “step up” iBuying venture to capitalize on hot housing market
Top loans: Related exits Margaritaville, digs in at Truffles Tribeca
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National
Startup Cover hauls in $60M to build homes in backyards
Cover, a Los Angeles-based startup that builds custom backyard homes for renters and financially challenged relatives, raised $60 million...
Daniel Boulud replacing iconic Augustine with new French bistro
A new bistro from renowned restaurateur Daniel Boulud will rise out of the ashes of Keith McNally’s Augustine. Boulud...
National
Nationwide contract signings cool in September as buyers await fresh options
The nationwide late-summer uptick in homebuying was short-lived. New contract signings dipped 2.3 percent month-over-month in September and were...
Sponsored
Florida’s Construction Loans and the Miami Market
Remodeling and Construction Loans Construction and renovation loans are attractive options for investors or homeowners who are seeking capital...
NY seeks $540M in mortgage aid. Homeowners need $6B
Another day, another underfunded aid package. After the state’s rent-relief program left landlords $3 billion short, a preview of...
Safehold snares ground lease under Ron Burkle’s troubled NoMad Hotel
Safehold, which specializes in acquiring ground leases, has once again done what it does best. The firm has purchased...
National
Compass’ Reffkin: One-click real estate is the future
Compass CEO and co-founder Robert Reffkin sees a one-click solution as the future of real estate transactions. “I think...
Upper West Side’s most controversial tower closes first condo sale
After fending off a wrecking ball last month, the Upper West Side’s most controversial condo building closed its first...
Inside The National issue
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First we take Manhattan: Inside Reuben Brothers’ NYC shopping spree
Battle of Monmouth: Zell and Sternlicht’s $2B struggle over warehouse REIT
Who is still buying NYC’s rent-stabilized buildings?
How NYC’s top real estate law firms got creative in an unusual year
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Tri-State
Long Island home prices reach 20-year high
At last report, Long Island home sales were heavy and listings were light, sparking bidding wars that drove prices to all-time highs. When the run-up would end, no one knew. But now we know...
National
Realogy plans to “step up” iBuying venture to capitalize on hot housing market
Realogy expects the housing market’s hot streak to continue and plans on rapidly expanding its iBuying program to capitalize...
Jeff Sutton will get $9M back from Geox
S & A Retail, responsible for the United States operations of Italian footwear brand Geox, has reportedly agreed to pay $8.8 million in back rent and other fees to Sutton’s Wharton Properties. The agreement...
Los Angeles
NY fighting LA for housing bucks in Biden’s aid package
Political leaders from the East Coast and West Coast are fighting over a shrinking pie of federal housing funds...
REBNY and CoStar’s new listing portal will let agents pay for top placements
When the Real Estate Board of New York revealed earlier this month that it was launching a public listing...
Top loans: Related exits Margaritaville, digs in at Truffles Tribeca
After some monster Manhattan real estate lending in August, lightning was not likely to strike again in September. And...
National Issue Archive
Real estate at risk: Industry vulnerable to data breaches
In 2018, the company that manages the Brooklyn condominium where cybersecurity expert Roman Sannikov lives was hacked. The hacker...
National
CMBS set to break Financial Crisis record
Real estate owners have had a rocky love affair with cheap debt. Commercial real estate’s fixation with low interest rates has dragged it to China to court EB-5 investors and to Israel’s nascent bond...
National
Sam Zell’s luxury rentals regain pricing power
There has been no uniform shape for recovery from the pandemic-driven downturn. In the case of Sam Zell’s Equity...