Black Spruce eyes $700M+ valuation for rental portfolio

2111 Frederick Douglass Boulevard and 214 West 109th Street, two buildings as part of the portfolio (Photos via Google Maps; StreetEasy)
2111 Frederick Douglass Boulevard and 214 West 109th Street, two buildings as part of the portfolio (Photos via Google Maps; StreetEasy)
Black Spruce eyes $700M+ valuation for rental portfolio

Landlords try to push AWOL attorney Kossoff into bankruptcy

Mitchell Kossoff (Photo via Kossoff, PLLC)
Landlords try to push AWOL attorney Kossoff into bankruptcy

RXR makes $220M apartment bet in Brooklyn

A rendering of 85 Jay Street and RXR Realty CEO Scott Rechler (Winick, Getty)
RXR makes $220M apartment bet in Brooklyn

HomeX nabs $90M to connect homeowners and repair techs

HomeX founders Michael Lerner and Vincent Payen (HomeX)
HomeX nabs $90M to connect homeowners and repair techs

Institutional investors, higher material costs lead to rising home prices

Many of these investors are targeting lower-priced homes. (iStock)
Institutional investors, higher material costs lead to rising home prices

Latest News

From left: Howard Lorber, Spencer Rascoff, Rob Speyer, and Steve Witkoff (Getty, Twitter)
National

The definitive real estate SPAC tracker

Blink and you’ll miss a new SPAC. With billions of dollars flowing into blank-check firms, a growing number of real estate players are targeting proptech. As an alternative to the traditional IPO, special-purpose acquisition...

The definitive real estate SPAC tracker
HomeX founders Michael Lerner and Vincent Payen (HomeX)
National

HomeX nabs $90M to connect homeowners and repair techs

The burgeoning market for home-maintenance technology has crowned another winner. HomeX, a startup that connects homeowners with licensed technicians,...

HomeX nabs $90M to connect homeowners and repair techs
Mitchell Kossoff (Photo via Kossoff, PLLC)

Landlords try to push AWOL attorney Kossoff into bankruptcy

Real estate investors who say they’ve been scammed out of millions in escrow funds from attorney Mitchell Kossoff’s law...

Landlords try to push AWOL attorney Kossoff into bankruptcy
Terra Holdings' Kent Swig (Swig Equities, iStock)
National

Kent Swig launches his own cryptocurrency

Real estate investor and Terra Holdings owner Kent Swig has secured $6 billion in gold reserves to back his new cryptocurrency. DIGau, his digital token, will be pegged to the market price of the...

Kent Swig launches his own cryptocurrency
Clockwise from top left: David Lichtenstein, Michelle Maratto Itkowitz, Donald J. Trump, Stephen Meister, Charles Kushner, and Sam Zell (Photo-illustrations by Isabel Espanol)
Archive Issue

Say what? Some eye-popping comments from real estate execs

Real estate heavy hitters are nothing if not passionate about their business. But that can sometimes lead them to...

Say what? Some eye-popping comments from real estate execs

Inside The National issue

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Newmark’s Barry Gosin (left) and CBRE’s Bob Sulentic are betting on the flex space sector
Weird flex but OK: How CRE giants hope to cash in on the future of the office
Weird flex but OK: How CRE giants hope to cash in on the future of the office
Ranking New York’s top residential brokerages of 2020
Ranking New York’s top residential brokerages of 2020
Ranking New York’s top residential brokerages of 2020
The Closing: Gil Dezer
The Closing: Gil Dezer
The Closing: Gil Dezer
A housing “cattle call” as sleepy markets spring to life
A housing “cattle call” as sleepy markets spring to life
A housing “cattle call” as sleepy markets spring to life
For New York landlords, PACE just isn’t moving fast enough
For New York landlords, PACE just isn’t moving fast enough
For New York landlords, PACE just isn’t moving fast enough
(Getty, iStock/Illustration by Alexis Manrodt for The Real Deal)
Malibu 92065: Pandemic propels LA’s hottest housing market
Malibu 92065: Pandemic propels LA’s hottest housing market
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Clockwise from left: Flushing’s Main Street, City Point in Brooklyn and Bronx’s Fordham Road (Getty)

Manhattan’s retail loss is outer boroughs’ gain

Manhattan retailers are still waiting for the return of tourists to 5th Avenue and employees to Midtown offices, but...

Manhattan’s retail loss is outer boroughs’ gain
A rendering of 85 Jay Street and RXR Realty CEO Scott Rechler (Winick, Getty)

RXR makes $220M apartment bet in Brooklyn

As New York rents’ nosedive shows signs of leveling off, a big apartment deal in Brooklyn might brighten investors’ spirits. RXR Realty is in contract to buy the rental portion of CIM Group and...

RXR makes $220M apartment bet in Brooklyn
New York State Supreme Court judges Arthur Engoron, Verna Saunders and Katherine Levine (Illustration by Kevin Rebong for The Real Deal)
News Analysis

When big-time projects are stopped by small-time judges

“These are huge towers. I’ve lived in the city my whole life. You can’t just do this because the...

When big-time projects are stopped by small-time judges
Thor Equities Group Chairman Joseph J. Sitt. (Thor)

Thor facing foreclosure on Harlem rental building

The coronavirus could soon claim another victim in Thor Equities’ real estate portfolio. East West Bank filed a lawsuit...

Thor facing foreclosure on Harlem rental building
Ryan Serhant and Jolie on Greenwich. (Jolie, Getty)

Serhant goes to the dogs for 77 Greenwich rebranding

Ryan Serhant’s brokerage has snagged its first Manhattan takeover of a new development condominium. The 90-residence tower at 77...

Serhant goes to the dogs for 77 Greenwich rebranding
Steve Cohen and One Beacon Court at 151 East 58th Street (Corcoran, Getty)

Manhattan luxury market sees best week since 2013

Last week was remarkable for Manhattan’s luxury market in two respects. It was the best week for luxury contract...

Manhattan luxury market sees best week since 2013

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